Coldwell Banker's regional V.P., Charles Richardson sent all his agents a great message yesterday that I would like to share with you.

 Although there is still plenty of challenge remaining in the Miami housing market, sales are up a whopping 62% in the first 8 months of this year, compared with the same time last year! Interest rates remain steady and inventory is down. There are currently 34% less homes on the market right now from the same time last year. Inventory supply has also decreased considerably from a 30 month inventory supply in January to an 18 month supply in August. Charles, and I included, believe there might not be a better time to buy than now.

 According to RAMB (Realtor Association of Miami and the Beaches) sales in the luxury marketplace are soaring. In the first quarter of 2009, 74 homes over $1 Million sold in Miami-Dade County. In the 2nd quarter of 2009, this amount has doubled, to 139 luxury homes sold!

 All these signs indicate a stabilizing market and one prepared to offer value to buyers not attainable in the last few years. The continuing stabilization and buyer confidence will also provide opportunity for sellers. Although there is still pricing pressure in Miami, with this continued stabilization, we should feel excited about the prospects ahead.  

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Lynn Cromer & Robin Parker are real estate sales and marketing professionals for Coldwell Banker in beautiful Pinecrest, Florida. For more information on Pinecrest, Florida or the communities of Coral Gables, Palmetto Bay and Coconut Grove, Lynn can be reached at 305-962-4068, Robin at 305-546-0447, by email at info@WeSellMiami.com or online at www.WeSellMiami.com.

Lynn Cromer & Robin Parker are real estate sales and marketing professionals for Coldwell Banker in beautiful Pinecrest, Florida. We have over 25 years of real estate experience!
For more information on Pinecrest, Florida or the communities of Coral Gables, Palmetto Bay and Coconut Grove, Lynn or Robin can be reached at 305-962-4068 for Lynn, at 305-546-0447 for Robin, or email us and visit us online at www.WeSellMiami.com.

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Lynn Cromer & Robin Parker
Coldwell Banker Pinecrest Office
305-962-4068 Lynn Cromer
305-546-0447 Robin Parker

We would be honored to help a friend, family member or colleague in their real estate needs.

 

2 Comments on Miami Dade County Real Estate Update

SEP
29
2009
150,042 Points 3 Featured Posts

Thanks Lynn, wishing you much success.
10:48am • #1
Localism Sponsor

Thanks for the taking the time to read my blog. Gorgeous child!!!
11:15am • #2


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Lynn Cromer

Miami, FL

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ReMax Advance Realty

Address: 7222 Red Road, South Miami, Fl, 33143

Cell Phone: (305) 962-4068

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South Florida real estate information including Pinecrest, Palmetto Bay, Coconut Grove and Coral Gables homes for sale.
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