Miami real estate news and information

Miami-Dade Condo Market: Sales Increase as Inventory Drops

Condos sales declined 9% over the past year  in Miami-Dade …  Inventory is down by  30%.

That said though, interestingly enough, condos selling between $300,000 and $999,999 have shown a 32% increase  … (Spring 2011 through  Spring 2012).  And in the $1 million plus range  there was an 11% increase in sales.

As far as distressed property is concerned,  4% of the condos currently on the market in Miami-Dade are foreclosures (Foreclosures account for about 1/5 of all sales).   Condos selling as short sales account for about  13% of the current inventory and 1/4 of all condo sales in Miami-Dade right now.

The Restivo Team  – EWM Realtors  –   305 793-1365  –  [email protected]

Looking to buy?   This is still a great time to buy property in Miami!   Call us … We would love to help.

 

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