Your Name:
Your Email Address:
To: (Email)
Subject:
Message:
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Miami Beach Florida Homes Report for October 2008
Miami Beach Florida Homes Report for October 2008
4 homes sold in Miami Beach, Florida during the month of October with sales prices that were 90% of asking price. The average sales price was $1,581,000 (the median price was $1,555,000) and stayed on the market for 282 days.
Sales were down 56 % from last month (4 sales); they were down from last year 60% (10 sales). There were 7 pending sales in October (properties that went under contract), which is up 75 % from the month before (4 units).
As for inventory, there are currently 441 homes listed for sale in Miami Beach (down 2 % from last month and unchanged from a year ago). Based on current sales, the absorption rate to sell all existing inventory is 110 months.Of course, that number is skewed because of the poor sales numbers of last month. Note that these numbers fluctuate each month depending on closed sales and existing inventory.
The highest home sale this month was for $2.85 million. The most expensive home listed for sale is for $25 million at 88 La Gorce Circle.
This is an excellent time to buy right now in Miami Beach provided you have ... more

__________________________________________________
Are you on The Rain? Grow Your Network!




Spam prevention