Palmetto Bay Market Report

By Maggie Dokic on October 11th, 2007
Categories: Market Trends, Palmetto Bay

If you’re looking to buy or sell a home in Palmetto Bay the following numbers will interest you. They represent the homes sold and available for sale in Palmetto Bay.

The first line of data is the total homes. If you look beneath that you will see a breakdown of homes by price ranges.

When the entire county of Miami-Dade has enough inventory to last us at least four years, it’s nice to see that the real estate numbers in Palmetto Bay are much healthier, in some cases as little as ten month’s worth of inventory. While ten months is still considered a Buyer’s Market, it is substantially better than 4 1/2 years worth of inventory, as is the number for Miami-Dade County as a whole.

It’s interesting to note that neither the lower-priced homes nor the extreme top of the luxury homes are doing the best, as far as actives/sold. The range that is really doing the best is the $400,001 – $550,000 range.

If you need help interpreting these numbers and how they may affect the choices you make as a home seller or buyer in Palmetto Bay, please do not hesitate to get in touch with me.

Keeping the Real in Real Estate…

¦..Maggie Dokic, Realtor®

This entry was posted on Thursday, October 11th, 2007 at 11:47 pm and is filed under Market Trends, Palmetto Bay. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

1. Bob Carney said at October 14th, 2007 at 10:03 am

   Nice to see you going very local. I am sure you will see more traffic as you continue with you most excellant information. You are the Palmetto Bay expert.

2. monika said at October 14th, 2007 at 10:54 am

   Excellent market report Maggie. I know I’ve told you before but I really love your blog title!!! It totally rocks!

3. Maggie said at October 15th, 2007 at 7:05 am

   Bob, thanks! That’s my goal =)

   Monika, it tickles me that you like it so much. LOL

4. Brandon FL Real Estate said at October 18th, 2007 at 6:56 am

   Excellent Market Report Maggie!! This is a great resource for the locals in Palmetto Bay. ~Susie

5. Thesa Chambers | Broker | Sunriver Realty said at October 18th, 2007 at 1:22 pm

   Maggie – I love how this is broken down into price makes it easier for the buyer and seller to know where the market they are looking at or for is.. great job

6. Gus Moore said at October 30th, 2007 at 5:44 pm

   Nice reporting! I’m happy to see a local blogger focus on Palmetto Bay.

   My wife and I lived in South Beach for many years, and recently moved to Palmetto Bay. We couldn’t be happier here.

   Keep up the good work!

7. Maggie said at October 31st, 2007 at 6:49 pm

   Susie, thanks for the kudos!

   Thesa, I’m visual myself and figure it will help others. Thanks.

   Gus, thanks for the kind comment. I love Palmetto Bay!

8. Thesa Chambers | Sunriver Real Estate said at November 3rd, 2007 at 1:26 pm

   Maggie – you are my Palmetto Bay referral source – thanks for always keeeping me updated on what is happening in the market.

9. Maggie said at November 4th, 2007 at 8:23 am

   Thesa – and you know you are mine! Thanks for your loyal support.