Monday, June 16, 2014

Improve sales and prices of homes in Florida

The home sales in Miami-Dade continue to rise as their prices, although these still remain at the level of before the housing bubble, according to the Association of Realtors in Miami.

"The majority of homes sold in the county in the first quarter were below $ 200,000, and prices remain what they were in 2003, creating opportunities for all types of buyers," said the resident president of this group, Francisco Angulo.

"Despite record demand for property in Miami, affordability remains a reality," he added.

According to the report of the first three months of the year, the increase in demand for both foreign and domestic buyers boosted the real estate market in the county.

"After three years of record sales in Miami, it is remarkable that the local market is experiencing strong results exceed demand last year," said Liza Mendez, president of the Board of the cluster.

"Despite strong demand for properties in Miami, increased inventory is creating a more balanced market between buyers and sellers," said Mendez.

The average price for home sales in Miami-Dade was $ 230,000 during the first quarter of this year, an increase of 11.8% compared to last year, while the average increased 15.7 percent to $ 187.500 .

According to the association, which brings together about 30,000 real estate agents, and are nine consecutive increases in single-family homes and condominiums in Miami-Dade County.

During the first quarter, 6,752 homes and condos, up 3.8 percent compared with the same period in 2013 were sold.

The association said sales of single-family homes rose 7.4 percent, with sales of 2,893 homes, while condo sales rose 1.3 percent to 3,859 compared with the same period of 2013.

Florida was the epicenter of the bursting of the housing bubble in 2007-2008, which among others, was characterized by the collapse of the subprime or high risk.

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