It seems, according to the 2010 U.S. Census, that more Americans are heading to the South and West.  If you are looking to sell your home in Spring Valley then you are probably well situated.  The latest census data shows that over the last decade, the largest population growth is in areas of the South and West.  Seems this is largely due to the Northeast and Midwest residents continuing to head toward warmer and less expensive Sun Belt hot spots.

As such, the decade’s hottest housing markets also had the most rapid population growth, including Nevada (35.1 percent growth), Arizona (24.6 percent), and Florida (17.6 percent).

This expert opinion might give you an insight into the immediate future and you can judge how it could affect Pembroke Pines and its communities.  Paul Bishop, vice president for research at the National Association of REALTORS®, says…

"I expect much of the short-term housing activity to be mostly centered on the low and high ends of the market, rather than driven by merely migration patterns.  investors likely will continue to target highly discounted homes in growing Sun Belt cities as well as in shrinking Rust Belt areas. I also anticipate an increase in sales of expensive homes."

Now let's compare to last month's market update for Spring Valley and see how our numbers have changed.

Currently there are 11 active listings in Spring Valley, made up of 3 to 5 bedroom homes.  Over these 11 listings, the average listing price is $321,073 or if you prefer to look at the LP$/SqFt, it is $131/Square Foot.  Four properties have shown a fall in listing price on average of 7.9% and one property increased by 4.5%

Looking at the year to date closings, there have been a total of 9 with the average days on market just slightly over 85 days.  On average, these closed at $259,378 or $122/SqFt, which is below the current listing price per square foot of $131.  However, in the last 30 days there have been 3 closings averaging $236,967 or $134/SqFt.  Even though this sale price is lower than the year to date figure, the sale price per square foot is a good indicator that our current listing prices above are priced to sell!

Do you have any questions or comments?  Come and join the conversation and 'like' our fan page on Facebook or follow us on Twitter.

Or, you can always contact Claudia Willard directly.

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