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Market Trends
Commentary Provided byLinda Tartak ABR CIPS CRS GRI FHA financing is the way to go in Kendall. 3.5% down can be used for financing up to $417,000. |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Miami | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | 60-90 days | ||
| Market Trend | Decreasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Inventory Comments | Many foreclosures and short sales continue to be on the market in the Kendall area, especially in West Kendall. A foreclosure in decent condition is selling very quickly with multiple offers often 10% above the asking price. Cash is king! | ||
| Average Home Price | $275,000 - View Graph Trend | ||
| Best Selling Price Range | $200,000 - $249,000 | ||
| Worst Selling Price Range | $1,000,000+ | ||
| Compared to Last Year | Down 15-20% | ||
| Prices As % of Asking Price | 85-90% | ||
| Multiple Offers? | Yes | ||
| Multiple Offers Commentary | Foreclosures under $200,000 are getting as many as 50 offers over asking price within 24 hours. | ||
| Greatest Activity | First Time Buyers | ||
| Buyer Activity for the past 90 days in Kendall is | Increasing | ||
| Seller Activity for the past 90 days in Kendall is | Decreasing | ||
| Is Financing Available For Qualified Buyers in Kendall? | Yes | ||
| Existing Home Prices for the past 90 days are | No Change | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 30-35% | ||
| Housing Hot Spots | West Kendall foreclosures are selling fast. | ||
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Kendall! | ||
| Average Sold Price | $275,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Linda Tartak ABR CIPS CRS GRI
Coldwell Banker Coral Cables, Florida 305-962-5156 tartak@agents.househunt.com Agent Home Page 
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Kendall Local News
News for Kendall, FL - Thursday August 6th, 2009 4:50pm
Kendall is a real "hotspot". In west Kendall there are many short sales and foreclosures available. Where short sales are concerned, however, only about 10% seem to get to the closing table. Foreclosures under $200,000 in good condition are selling within days with many offers over the asking price.
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