Buzz word on the streets, all over Miami, as well as in this recent article published by HOUSINGWIRE.COM is that real estate sales in South Florida are up from last year:
“Home prices in South Florida jumped in the fourth quarter as international buyers and investors nabbed affordable inventory.
In Broward County, where Fort Lauderdale is the county seat, existing single-family home and condo sales increased 6% to 6,572 sales in 4Q 2011 from 6,225 in the fourth quarter of 2010, according to the Miami Association of Realtors.
In Miami-Dade County, sales of existing, single-family homes and condo increased in 4Q 2011 to 5,839 sales from 4,722 in the comparable year-ago period.”
Inventory is down … having dropped drastically … Inventory in Miami-Dade is currently 40% less than what it was last year.
Whether you are buying or selling, this is the time to be in real estate … especially if you’re looking anywhere in Miami. Looking for an uber local real estate agent to work with ? It’s the Restivo Team at EWM Realtors … 305 793-1365 restivo.v@ewm.com. We look forward to hearing from you!
It’s important to understand the market and know where the opportunities lie. Whether you are buying, selling, investing, relocating … We appreciate that you’re reading our blog … And we invite you to subscribe if you’d like. Our real estate blog is MiamiRealEstateCafe.com and we are a mother daughter team of local real estate experts in the Miami-Dade areas of Miami Beach, Miami, Coconut Grove, Coral Gables, High Pines, Ponce Davis, Pinecrest, Palmetto Bay, South Miami … and neighboring areas. Call anytime! We would love to work with you! 305 632-0164 or 305 793-1365 (direct lines) … Alexandra and Vicki Restivo
