The overwhelming concensus remains: now is the time to buy. In fact, we are in a buyer's market unlike any other many of us will see in our lifetime.
South Florida has seen a steady increase in sales since Fall 2008. This upward trend is mostly attibuted to historically low interest rates, the Federal First-Time Home Buyer Tax Credit, seller incentives and affordability.
The following figures represent all of Miami-Dade county. Statistics for individual communities including Miami Beach are available upon request - please email bria.toulemonde@floridamoves.com
MIAMI DADE COUNTY APRIL 2009 PRICE ANALYSIS - SOLD INVENTORY
57% of condos sold for $149,999 or less
71% of condos sold in April were purchased for $199,999 or less
43% of single family homes sold for $149,999 or less
62% of single family homes sold for $199,999 or less
MIAMI DADE COUNTY APRIL 2009 PRICE ANALYSIS - ACTIVE INVENTORY
9,600 condominiums are listed under $205,600
6,446 condominiums are listed under $150,000
3,327 condominiums are listed under $100,000
3,684 single family homes are listed under $205,600
2,000 single family homes are listed under $150,000
1,000 single family homes are listed under $100,000
MIAMI DADE COUNTY - APRIL 2009 SALES ANALYSIS
1,380 Homes closed
2,830 Homes placed under contract
23.4 Supply of homes - months of inventory
108 Average days on market (sold homes)
89% Sold/List Price Ratio
Price Trend: Depreciating
Looking to buy, sell or rent in the Miami Beach area? For over 16 years I've had the honor of helping people prosper through real estate. I'd love to help you too! Call me at 305.851.5910.
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