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Average price per square foot for Fort Lauderdale FL was $428, an increase of 193.2% compared to the same period last year. The median sales price for homes in Fort Lauderdale FL for Aug 11 to Oct 11 was $153,000 based on 1,069 home sales. Compared to the same period one year ago, the median home sales price increased 12.4%, or $16,900, and the number of home sales decreased 8.6%. There are currently 4,827 resale and new homes in Fort Lauderdale, including 20 open houses, as well as 1,642 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure (1 comments)
Average price per square foot for Boca Raton FL was $146, an increase of 17.7% compared to the same period last year. The median sales price for homes in Boca Raton FL for Aug 11 to Oct 11 was $155,050 based on 1,190 home sales. Compared to the same period one year ago, the median home sales price decreased 10.1%, or $17,450, and the number of home sales increased 13%. There are currently 3,308 resale and new homes in Boca Raton, including 8 open houses, as well as 1,263 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. (0 comments)
Average price per square foot for Miami Beach FL was $375, an increase of 49.4% compared to the same period last year. The median sales price for homes in Miami Beach FL for Aug 11 to Oct 11 was $239,000 based on 827 home sales. Compared to the same period one year ago, the median home sales price increased 28.5%, or $53,000, and the number of home sales decreased 3.3%. There are currently 4,484 resale and new homes in Miami Beach, including 2 open houses, as well as 607 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure (1 comments)
The median sales price for homes in Sunny Isles Beach FL for Aug 11 to Oct 11 was $191,800. This represents a decline of 14.8%, or $33,200, compared to the prior quarter and an increase of 3.7% compared to the prior year. Sales prices have depreciated 73.6% over the last 5 years in Sunny Isles Beach. The average listing price for Sunny Isles Beach homes for sale was $755,827 for the week ending Nov 16, which represents an increase of 0.4%, or $3,357, compared to the prior week and an increase of 0.3%, or $2,201, compared to the week ending (0 comments)
Average price per square foot for Bal Harbour FL was $605, an increase of 74.4% compared to the same period last year. The median sales price for homes in Bal Harbour FL for Aug 11 to Oct 11 was $457,500 based on 42 home sales. Compared to the same period one year ago, the median home sales price increased 18.8%, or $72,450, and the number of home sales decreased 27.6%. There are currently 378 resale and new homes in Bal Harbour, including 9 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for (0 comments)
The Related Group is arranging to construct 250-unit condominium tower on Biscayne Bay, at the site of the still and quiet Onyx 2 on the Bay. The Miami-based Related Group won a $15.3 million foreclosure enactment attached to the property in October. In 2008, an affiliate of BNP Paribas filed a foreclosure lawsuit against O2 LLC and guarantor BAP Development over a $9.1 million mortgage. Related Groups’s PRH NE 28th Street LLC obtained the mortgage in June. The property, located at the address Northeast 28th Street and Biscayne Bay, will include units ranging from 1,200-square-foot (0 comments)
Mixed pictures from South Florida, analysts also could not agree on predictions. - 11/14/11 08:38 PM
MIXED PICTURES FROM SOUTH FLORIDA, ANALYSTS ALSO COULD NOT AGREE ON PREDICTIONS. Sarasota Herald Tribune today published an article, which I want to discuss with you. Please read the first paragraph which I am re-blogging, then let me make my own predictions. Lawrence Yun, Realtors’ economist, expects South Florida price rebound ANAHEIM — NAR chief economist Lawrence Yun says thatSouth Florida home prices will rebound by 10 percent in the next two years. John Tuccillo disagrees. Tuccillo, a Sarasota and former NAR chief economist, attended Yun’s speech this morning at the National Association of Realtors convention and told me at his conclusion (1 comments)
MIxed picture for real estate from Florida - 11/14/11 05:07 AM
We continue to see mixed picture from Florida. As far as you go to the North or West from Miami you see a lot of unsold homes, some of its been vacant for last 3 years and need a repairs. Meanwhile the prices in Miami for homes has stabilized and actually went up compare to a year ago mostly due to international demand. I have already written before that about 70 % foreign buyers have closed cash their purchases. I am re-blogging the article just to show how market in Miami varies from Bradenton, Fl. For more information, please visit my (2 comments)
Updates on Inventory at Europa by the Sea, Lauderdale by the Sea - 11/08/11 09:03 PM
UPDATES ON INVENTORY AT EUROPA BY THE SEA, LAUDERDALE BY THE SEA. At this point there are only 7 units for sale at Europa by the Sea, at Lauderdale by the Sea. All of the developer's close-outs are under-the contract and the building has been seeing quite a few closing from the beginning of June. Europa by the Sea is the small boutique buildings and consists only from 50 apartments sitting on the prime beach of Lauderdale by the Sea. All units are quite spacious with the smallest line 02 running 3,411 sf and the larger line 04 (Mallorca) topping to (0 comments)
Turnberry Ocean Colony updates on inventory. - 11/08/11 08:20 PM
TURNBERRY OCEAN COLONY UPDATES ON INVENTORY. Turnberry Ocean Colony at this point has only 16 units for sale in both buildings. The complex consist from 2 sister towers, Turnberry Ocean Colony South and Turnberry Ocean Colony North. Both buildings have had only 259 units and connected via The Club which consists from 2 restaurants, spa, state of the art gym. For more information, please visit my web site.
8 healthiest housing markets. - 11/08/11 03:11 PM
8 HEALTHIEST HOUSING MARKETS. Builder mag: 8 healthiest housing markets JACKSONVILLE, Fla. – Nov. 8, 2011 – The construction industry thinks two Fla. metropolitan areas – Jacksonville and South Florida – are poised for a rebound, according to an analysis by Builder Magazine. To find the cities with the greatest potential for growth, Builder Magazine as Hanley Wood Market Intelligence to consider local factors, such as major universities, military bases, and the strength of businesses in the private sector. The study also considered Economy.com’s housing projections, expected price appreciation, and estimated employment and income growth. Under those criteria, two Florida cities (1 comments)
Miami, is it condo boom no 2? - 11/07/11 08:23 AM
MIAMI, IS IT CONDO BOOM NO 2? I am afraid that it is not my words, Miami Herald wrote about a week ago about increasing activity on new construction as well as increasing demand for unsold condos in secondary market. I would just try to get the credits which I deserve. I wrote about a month ago that we will see not only the activity in real estate in Miami, Dade for housing, but also shift those activity to Broward county. I put as example 4 unsold units by developer at Europa by the Sea, Lauderdale by the Sea. My client (2 comments)
MIAMI FL-Nationally, median list prices have risen 1.60 percent to $190,000, based on year-over-year data from September. However, some cities haven’t fared so well. California continues to have the most cities seeing some of the largest drops in median list prices the past year. Of the cities that have seen the largest drops in list prices year-over-year from September 2011, California cities make up half of those in the top 10. Yet, California cities haven’t faced the largest drops in for-sale prices the last year — that belongs to Chicago. (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.