bal harbour real estate for sale: Updates on real estate inventories in Miami.
- 04/26/12 01:40 AM
The inventories in Miami’s real estate continue to decline with a modest pace. We have already written about Sunny Isles Beach only having 658 condos available for sale at the end of March. This month the inventories for sale were reduced to 624. The same tendency can be seen in Bal Harbour real estate. For example, last month there were 210 units available for sale in Bal Harbour, and now this month the amount was reduced to 207. Now fewer and fewer sellers are deciding to sell their properties and those who decide to usually find something else to buy. … (0 comments)
bal harbour real estate for sale: Ready to rebound? Miami prices for luxury real estate continue to show improvements.
- 04/08/12 11:32 PM
Last month on March 19, the Barron's, a reliable business magazine posted an article where the author states that the prices for Miami real estate has fallen more than 50% and are ready to rebound by 2013. Next paragraph shows the data. At the year end of 2011, the S&P/Case-Shiller National U.S. Home Price Index fell to a record low of 33.8% below the boom peak level, recorded in 2006's second quarter. The descent has been more hideous in such once-manic markets such as Las Vegas, Phoenix and Miami, which, according to the Case-Shiller 20-City Composite Index has fallen 61%, 55% and 51% respectively from … (0 comments)
The inventories in Miami’s real estate continue to decline with a modest pace. We have already written about Sunny Isles Beach only having 658 condos available for sale at the end of March. This month the inventories for sale were reduced to 624. The same tendency can be seen in Bal Harbour real estate. For example, last month there were 210 units available for sale in Bal Harbour, and now this month the amount was reduced to 207. Now fewer and fewer sellers are deciding to sell their properties and those who decide to usually find something else to buy.
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