Lamacchia Realty

MARCH 26, 2024

Elevated condo association and special assessment fees present an additional financial burden for condo owners, deterring potential buyers unless the purchase price is reduced sufficiently to offset the higher ongoing monthly costs. Source Inventory rises when more sellers are listing than buyers are buying.

Bracketing 60

Bracketing HOA Sellers Buyers 60

Lamacchia Realty

OCTOBER 25, 2023

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. Since then, the number of homes for sale has been lower than any of the previous years.

Bracketing 65

Bracketing Marketing Sellers Buyers 65

Lamacchia Realty

APRIL 27, 2022

The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for March 2022 compared to March 2021. Data provided by Florida Realtors® SunStats. Buyer Resources.

New Listings 55

New Listings Bracketing Inventory Realty 55

Lamacchia Realty

JUNE 21, 2022

Now, months later, with rates up nearly 100% from the start of the year- January mortgage rates were hovering in the low to mid 3’s and this week reached 6.28%- diminished buyer affordability is causing a big downshift in demand. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

Lamacchia Realty

JANUARY 10, 2022

Now in 2022, it’s predicted that inventory will continue to stay low and competition will remain immensely high. In this ultra-competitive market, buyers need to do all they can to make the strongest offer when the right house becomes available. Send that message with a heartfelt letter showing how much you love their home.

Sellers 72

Sellers Buyers Inspection Bracketing 72

Lamacchia Realty

MAY 26, 2022

The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for April 2022 compared to April 2021. Data provided by Florida Realtors® SunStats. Buyer Resources.

New Listings 36

New Listings Bracketing Inventory Realty 36

Lamacchia Realty

MARCH 12, 2024

The first line of defense is hiring a REALTOR® who is experienced in handling the complexities of multiple offers in this adjusting market with higher rates. Compose a Personal Letter While the actual terms of an offer are ultimately most important, sellers often want to know more about why a buyer wants to purchase their home.

Buyers 70

Buyers Inspection Sellers Real Estate 70