Monday, February 3, 2020 / by Andy Mandel
Thursday, December 26, 2019 / by Andy Mandel
From our family to yours, we hope you have a very happy and, more importantly, healthy 2020. In 2019, we were able to help 68 families buy or sell a home, and our goal for 2020 is to boost that number all the way up to 100. If you know anyone who’s planning on buying or selling in the new year, send them our way. We’d love to be their resource. If you have any real estate resolutions for 2020 (refinancing, home improvements, etc.), I’d love to be a resource for you as well, so don’t hesitate to reach out to me. Thanks for your support, and have a happy New Year.
Monday, July 15, 2019 / by Andy Mandel
The number of new homes hitting the market is up about 9% from where it was last year. At the same time, there are about the same number of closed sales as last year. That’s a good thing because they’re not declining, but it’s certainly something to pay attention to going forward. The median price in Coral Springs is also up to $415,000 from $405,000 last year—about a 2.5% increase.
With that being said, buyers have more to choose from right now so they’re being a little pickier about the homes they make offers on. This means your home has to be priced accurately in order to sell.
Our average days on market is up about 7% to about 50 days. This is to b ...
Tuesday, April 9, 2019 / by Andy Mandel
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Though you may be hearing from various news outlets and other sources that the market is crashing, it’s simply not true. Negative headlines attract more attention than positive ones, so it’s easy for the media to skew the truth.
However, it’s true that there are some changes occurring in our Coral Springs market.
For single-family homes, we saw 8% more listings in 2018 compared to 2017. This is the first increase we’ve seen in the last five years. At the same time, we had 3% fewer sales. If you look at supply and demand, the combination of more homes on the market and fewer home sales creates downward pressure on the market.
At the beginning of 2018, people were fearing a market crash due to unsustainable grow ...
Thursday, October 11, 2018 / by Andy Mandel
It’s time for another market update for the third quarter of 2018. For the purpose of this blog, we’re only going to be talking about single-family homes in the city of Coral Springs today.
When compared to the third quarter of 2017, the number of homes we saw come on the market in the third quarter of 2018 is up 9.2%. At the same time, the number of closed sales is down by 3.7% during that time frame.
The median price now sits at $410,000, which is up 5.81% from the $387,500 mark it was at during third quarter of 2017. The average days on market is down to 24 days. Homes are still selling quickly, there are just fewer of them selling overall.
In a balanced market, we will see about six months’ worth of inventory. This means that if no more homes hit the market, it would take six months for all the homes on the market to sell. ...