Market stats show how to get your ducks in a row.June 30, 2021Hello, and a very happy PRIDE, Juneteenth and Father’s Day to everyone! As I know you are too, my family and I send our
Market Stats Get Your Ducks In A Row - The Move June, 2021
Dated: September 1 2021
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Market stats show how to get your ducks in a row.   June 30, 2021 Hello, and a very happy PRIDE, Juneteenth and Father’s Day to everyone!
As I know you are too, my family and I send our loving concern to those affected by the tragedy in Surfside. This is an ongoing event we expect to have necessary, wide-ranging consequences for building in South Florida. This month in The Move: "Ducks in a Row" How to make the move in a tight market - backed by the stats ✔ Crazy Inventory Chart ✔ Sale Price VS Listing Price ✔ Cash Buyers VS Finance Buyers ✔ Days to Closing Brought to you by lifelong entrepreneur and South Florida Realtor, Derek Stout. Note: this is a wide view of the market. All real estate is local. To get the most accurate picture of your local market schedule an appointment with Derek below or reply to this email. Schedule An Appointment With Derek Communication is the most important part of the deal. I am available across platforms from text, zoom, or in-person. Easily schedule an appointment at the location of your choice.  Crazy Inventory Chart Showing the months of available inventory between Q1 2015 to NOW  ➡ Q1 2017 - Q4 2018 Circled in BLUE 6 months supply is an optimal amount of inventory ➡ Q1 2021 Circled in RED is where we are now with 3.6 months supply ➡ This is OVERALL inventory across all markets and property types ➡ In many markets there is less than 1 month supply
Notice the % change year to year below ⬇  What's it mean, Derek?!? 🐱🏍
⬇ Sale Price VS. Listing Price ⬇ Below, we see how little 'wiggle room' there is in the sale price from the listing price.  ➡ This means that on the average over 97% of properties are selling at the asking price or above asking. Time to get your ducks in a row!  ⬇ Cash Sales ⬇ Since 2016 there was a slight general decline in Cash Sales likely due to low interest rates then a spike in 2021.  ⬇ Cash Sales as a % of Closed Sales ⬇ Cash sales are now on par with where they were in 2018 as a % of total sales. This, in context with the chart above, show financing is still a great option - but you have to have your ducks in a row to compete with 'all cash' buyers.  ⬇ Median Time to Sale ⬇ The median time to sale has also radically dropped since 2016 down to just under 70 days to sale.  HOW TO GET YOUR DUCKS IN A ROW 🦆🦆🦆🦆
COMING NEXT MONTH: MIAMI MOVES NEW LUXURY PREVIEW PROPERTIES    RESOURCES  SELL Thinking of selling? Our office has a massive database of buyers looking for great properties. Get in touch to discuss selling your property with Derek and Ancona Real estate.  BUY Looking to buy? Timing is everything. Get setup with direct MLS search alerts, text listings, and video tours. In this market contingencies are everything. We structure deals for you to win the deal. 
Derek StoutMy passion for real estate began when I was a child, touring the luxury Parade of Homes in Plano and Dallas, Texas with my mom, Connie. We spent afternoons looking at houses, and picking up design ide.... Latest Blog PostsClient success in this hot market! Welcoming agents to The MoveMay 28, 2021Hi everyone! Derek Stout here. Excited to share a powerful client success story with you AND welcome two incredible Canal front land listing! Abundance through edible landscapes & more.January 25, 2021Brought to you from the last Monday of the Month by Realtor & lifelong entrepreneur, Derek Stout, this is December 31, 2020Brought to you by Realtor & lifelong entrepreneur, Derek Stout. This is The Move South Florida. From the last day of 2020, I hope your year is ending on a high note!' MLS® Disclaimer
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MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
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Beaches MLS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
