Doral Real Estate Market Update

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Condo/Townhomes:

There were 107 Doral town homes/Condo’s listed for sale in June (Compared to 72 in May)

Single Family Homes:

There were 52 Single family homes listed for sale in June (Compared to 66 in May).

Highest Priced listing

Condo/Townhomes: $610,900 (Doral Cay)

Single Family Homes: $7,840,000 (Doral Estates)

Lowest Priced listing

Condo/Townhomes: $116,600 (Las Vistas-Foreclosure)

Single Family Homes: $319,900 (Doral Lakes)

Pending Sales

Condo/Townhomes: 41 in June (Compared to 14 in May)

Single Family Homes: 10 in June (Compared to 4 in May)

Closed Sales in June

Condo/Townhomes: 57 in June (Compared to 39 in May)

Single Family Homes: 14 in June (Compared to 13 in May)

Average Sales Price in June

Condo/Townhomes: $260,633 Per sq.ft. $179

Single Family Homes: $549,429 Per sq.ft. $224

The last 5 Single Family homes sold in June were the following:

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1. 7240 NW 112 AV (Doral Isles Catalina)- Listed 2/2015 for $1,365 with several price reductions. Sold $1,150,000.

2. 8551 NW 110 AV (Gallapagos II)- Listed for $798,500 10/2015 with several price reductions. Sold $685,500. I had sold this house in 2013 for $528,500. Several upgrades were added since including a pool.

3. 7863 NW 111 CT (Corsica-Islands of Doral)- Listed 7/2014 for $844,900 then went into bankruptcy and after several price reductions sold $610.000.

4. 9942 NW 49 TE (Doral Woods)- Listed 2/2016 for $505,590 reduced the price once then sold for $450,000.

5. 11058 NW 80 LN (Corsica-Islands of Doral)- Listed for 6/2015 for $599,000 and after several price reductions sold for $457,500.

What’s important to note is that inventory continues to decrease. There are plenty of buyers waiting for the right home to appear in Doral and when that happens, they sell fast. Pay attention to finishes and what makes a home “marketable” when you are doing upgrades. Not all upgrades will give you a good return on investment, it’s good to contact a local REALTOR that knows what buyers are looking for.

We are here to give you a no-obligation listing consultation where we discuss not only price, but condition of your home and give recommendations for how to best show.

Take a look at the yearly price trends in Doral by clicking the tab above (Doral Prices)

 

Recuset Realty International is a full service residential and commercial real estate firm based in Doral, Fl . (South Florida). Independent and privately owned since its founding in 2015, the firm is a member of National Association of Realtors , and founders of Doral Business Network of independent business owners based in Doral, Fl. providing global integrated service solutions.

The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; agency/project leasing; capital advisory/investment sales; retail services and more. For more information, visithttp://www.recusetrealty.com

“Si usted no dispone del tiempo y/o no posee los conocimientos, entreguele la propiedad en manos de un Corredor calificado”

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advise and is for information purposes only. No representations or warranties whatsoever, express or implied, are given as to the accuracy or applicability of the information contained herein. The information may be modified or rendered incorrect by changes in the marketplace or developments in the law, or for any other reason, and may not be applicable to any individual reader’s facts and circumstances.

#RecusetRealtyRocks

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