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Home Sales Flirting with New Records in Miami-Dade

Home sales flirting with new records in Miami-Dade

Some key real estate records are finally falling again in South Florida.

Prices remain about 40 percent below peaks set in 2006 and about a third of all homes carry loans larger than what they’re worth, but sales have moved very close to new record levels.

Home sales back to boom records levels

This chart tracks a 12-month average of sales of existing single-family homes in Miami-Dade County, as reported by the Miami Association of Realtors. The current monthly average of 1,052 homes per month is just 4 percent below the past peak of 1,093 homes set in June 2004.

To appreciate just how strong of a comeback that represents, consider that in July 2008, the monthly average hit just 330 homes. That was a 70 percent plunge — a depressed market in crisis by any measure.

While the overall sales level remains just below peak, some months have already set new records. In 2013, February, May and July all posted record sales. The August numbers are set to be released Sept. 19.

Read more here: http://www.miamiherald.com/2013/09/04/3605396/home-sales-flirting-with-new-records.html#storylink=cpy

I hope you find this information useful. I’m here to assist you with all your South Florida real estate. Contact me at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: 5 Comments »

Aventura Condominium Offers Spectacular Views

Aventura Condominium Offers Spectacular Views

Aventura Condominium Offers Spectacular Views

Please contact me for all your South Florida real estate needs at (305) 329-4929 or [email protected]

Written by Michael Solovay | Discussion: 1 Comment »

South Florida Home

South Florida Home

The Miami Herald – South Florida Home Section Front Cover Page

Are you selling  your home?  Is Your Property On The Cover Of The Real Estate Section?

Through my affiliation with EWM Realtors I am able to provide my customers with unique advertising opportunities.   One of those unique opportunities is being able to feature your property on the cover page of the South Florida Home section of the Miami Herald.

Recently I selected my listing at Harborside at The Waterways Condo to feature on the December 4, 2010 cover.  Within one week the property was under contract with a closing scheduled for mid January 2011.

For more information on buying, selling or leasing South Florida real estate please contact me at (305) 329-4929 or [email protected]

Open publication – Free publishingMore miami herald

Written by Michael Solovay | Discussion: No Comments »

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