Concierge

The Real Estate Market Is Still Hot in South Florida

March 27, 2013

The South Florida real estate market is still hot, according to recent figures released by the Miami Association of Realtors, the local Multiple Listing Service and CoreLogic. The new figures show that sales and home prices in the area continue to increase, while foreclosure rates decrease.

Rising demand and diminishing supply are boosting the median sales price of South Florida property. In Miami-Dade County, condo prices rose 26.9% in February, compared to the same month a year earlier, and 6.5%, compared to the previous month. Single-family home prices are up 10.9% on a year-over-year basis. This positive trend is spreading statewide.

Foreclosure rates are also dropping. In the tri-county area, the foreclosure rate dropped an average of 3% in January, compared to the same month a year earlier. Miami-Dade County recorded the largest decrease.

As these real estate indicators continue to head in the right direction, developers are proposing more and more new construction and international buyers are continuing to show interest in the local market. Buyers are pouncing on property priced correctly.   

Source: The Miami Herald

South of Fifth Miami Beach Condos

WORK WITH US

Expect the utmost level of integrity, professionalism and discretion. Niki delivers a concierge level of service and results having sold over $1billion dollars of closed sales. Let her know when you are ready !

2100 N. Ocean Blvd. Suite #402, Fort Lauderdale, Fl 33305

Office: +1.954.828.1858 Mobile: +1.954.817.2500 Email: nhiggins@spg.cc

All information displayed on this website is subject to errors, omissions, prior sale or withdrawal without notice. All text, images, graphics, and other materials on this website are subject to copyright and other intellectual property rights of The Seaside Group at Douglas Elliman unless otherwise stated. These materials may not be reproduced, distributed of reposted to print or other websites without the express written permission of The Seaside Group at Douglas Elliman.

DOUGLAS ELLIMAN, LICENSED REAL ESTATE BROKER
All contents © Copyright 2018 Seaside Properties Group at Douglas Elliman. All rights reserved in All Countries.