Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 301

Posts Tagged ‘National Association of Realtor’

Broward County Home Prices Continue to Rise

Posted by fidest press agency su sabato, 26 Mag 2012

Miami, FL In April, the median sales price of single-family homes in Broward County was $205,000, up 17 percent compared to April 2011 and 14 percent compared to the previous month, according to the 25,000-member MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) systems. The median sales price for condominiums increased 17.4 percent to $84,300 compared to a year prior and 14.3 percent compared to the previous month. Broward County condominium prices have increased 15 out of the last 16 months.
The median sales prices for non-distressed properties sold in April in Broward were $264,000 for single-family homes and $99,750 for condominiums.The average sales price for total single-family homes increased 12 percent, from $256,979 to $287,302. The average sales prices for condominiums rose 10 percent, from $120,689 in April 2011 to $137,173 last month. The average sales prices for non-distressed properties sold in April in Broward were $374,670 for single-family homes and $166,854 for condominiums.
Statewide median sales prices in April increased 10.2 percent to $$144,350 for condominiums and 16.1 percent to $108,000 for single-family homes, according to data from Florida Realtors Industry Data and Analysis department and vendor partner 10K Research and Marketing. The national median existing-home price for all housing types was $177,400 in April, a 10.1 percent increase from April 2011.
The inventory of residential listings in Broward County over the last year has decreased 30 percent from 15,781 to 11,086. Compared to the previous month, the total inventory of homes
dropped four percent. Total housing inventory nationally rose 9.5 percent at the end of April but was 20.6 percent below a year ago.
In April, 38 percent of all closed residential sales in Broward County were distressed, including REOs (bank-owned properties) and short sales, compared to 50 percent in April 2011 and 41 percent the previous month.
The MIAMI Association of REALTORS was chartered by the National Association of Realtors in 1920 and is celebrating its 90th year of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of four organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, and the International Council, it represents more than 25,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local association in the National Association of Realtors, and has partnerships with more than 100 international organizations worldwide. MIAMI’s official website is http://www.miamire.com.

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Miami Home Prices Increase in 1Q

Posted by fidest press agency su giovedì, 10 Mag 2012

Miami Tower | 110918-2135-jikatu

Miami Tower | 110918-2135-jikatu (Photo credit: jikatu)

Miami, FL – In Miami-Dade County, limited supply and heightened demand fueled robust price appreciation in the first quarter of 2012, despite short sales and REOs (bank-owned properties) continuing to account for a significant percentage of closed home sales.The median sales price for single-family homes in Miami-Dade County rose 14 percent to $174,799 in the first quarter of 2012 compared to the first quarter of 2011, according to the 26,000-member MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) systems. The median sales price for condominiums was $129,500, a 38 percent increase year-over-year.
Miami-Dade residential sales – including existing single-family homes and condominiums – decreased a negligible one percent in the first quarter of 2012, from 5,910 to 5,869, compared to a year earlier. Following a record-breaking year in 2011, sales in Miami remain at historically strong levels despite the slight decline. In the first quarter, Miami sales of existing single-family homes increased 4.1 percent compared to a year earlier. The sales of existing condominiums decreased four percent compared to the first quarter of 2011.
Total housing inventory in Miami-Dade County decreased more than 33 percent year-over-year and 13 percent compared to the previous quarter. Currently, there are 12,027 active listings in Miami-Dade County.
The MIAMI Association of REALTORS was chartered by the National Association of Realtors in 1920 and is celebrating more than 90 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of four organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, and the International Council, it represents more than 26,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local association in the National Association of Realtors, and has partnerships with more than 100 international organizations worldwide. MIAMI’s official website is http://www.miamire.com.

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Miami Home Prices Rise Significantly for Fourth Consecutive Month

Posted by fidest press agency su venerdì, 20 aprile 2012

Miami, FL – For the fourth consecutive month, Miami home prices posted strong gains in March. The median sales price of condominiums in the Miami-Dade County surged 46 percent to $141,700 in March compared to a year earlier, according to the 26,000-member MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) system. The median sales price of single-family homes rose 13 percent to $180,000.Statewide median sales prices in March increased 20.8 percent to $105,000 for condominiums and 10.3 percent to $139,000 for single-family homes, according to data from Florida Realtors Industry Data and Analysis department and vendor partner 10K Research and Marketing. The national median existing-home price for all housing types was $163,800 in March, a 2.5 percent increase from March 2011.In March, the average sales price for single-family homes in Miami-Dade County increased 21.8 percent, from $279,608 in 2011 to $340,634 in 2012. The average sales prices for condominiums jumped 23 percent, from $212,616 to $261,523.Sales of existing homes decreased but remain at historically high levels. The sales of existing single-family homes in Miami-Dade decreased 12 percent in March, from 1,039 to 919, compared to record sales levels March 2011. Sales of condominiums were down 10.1 percent, from 1,542 to 1,387, compared to March 2011.Statewide sales of existing single-family homes totaled 18,370 in March 2012, down 5.7 percent compared to a year ago. Statewide condominium sales totaled 10,012, down 12 percent from those sold in March 2011. Nationally, sales of existing single-family homes, townhomes, condominiums, and co-ops decreased 2.6 percent from February but were 5.2 percent higher than they were in March 2011, according to the National Association of Realtors (NAR).
Inventory Declines 34 Percent Year-over-Year From March 2011, the inventory of residential listings in Miami-Dade County has decreased 34 percent from 18,883 to 12,379 in March 2012. Compared to the previous month, the total inventory of homes dropped 5.1 percent. Total housing inventory nationally decline 1.3 percent at the end of March but is 21.8 percent below a year ago.(Lynda Fernandez)
Strong demand for bank-owned (REO) properties and improved processing of short sales has resulted in rapid absorption of distressed listings and contributed to price appreciation. In March, 49 percent of all closed residential sales in Miami-Dade County were distressed, including REOs (bank-owned properties) and short sales, compared to 52 percent in March 2011 and 54 percent the previous month. Contrary to a year ago, there are now more short sales being transacted than REOs.

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Miami Home Prices Post Strong Gains for Third Consecutive Month

Posted by fidest press agency su sabato, 24 marzo 2012

Miami, FL – For the third consecutive month, Miami home prices posted strong gains in February. The median sales price of condominiums in the Miami-Dade County surged 40.4 percent to $131,950 in February compared to a year earlier, according to the 26,000-member MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) system. The median sales price of single-family homes rose 19 percent to $175,000.
Statewide median sales prices in February increased 15.9 percent to $95,000 for condominiums and 7.2 percent to $135,000 for single-family homes, according to data from Florida Realtors Industry Data and Analysis department and vendor partner 10K Research and Marketing. The national median existing-home price for all housing types was $156,000 in February, a 0.3 percent increase from February 2011.
In February, the average sales price for single-family homes in Miami-Dade County increased 15.4 percent, from $265,440 in 2011 to $306,391 in 2012. The average sales prices for condominiums jumped 26.3 percent, from $214,012 to $270,300.
The sales of existing single-family homes in Miami-Dade increased two percent in February, from 746 to 760, compared to February 2011. Sales of condominiums dropped 12 percent, from 1,230 to 1,086, compared to record sales levels in February 2011.
Statewide sales of existing single-family homes totaled 14,270 in February 2012, down 4.8 percent compared to a year ago. Statewide condominium sales totaled 7,545, down 16 percent from those sold in February 2011. Nationally, sales of existing single-family homes, townhomes, condominiums, and co-ops decreased 0.9 percent from January but were 8.8 percent higher than they were in February 2011, according to the National Association of Realtors (NAR).
Inventory Declines 45 Percent Year-over-Year From February 2011, the inventory of residential listings in Miami-Dade County has decreased 45.1 percent from 24,792 to 13,610 in February 2012. Compared to the previous month, the total inventory of homes dropped 3.4 percent. Total housing inventory nationally rose 4.3 percent at the end of February.
Heightened demand for bank-owned (REO) properties and improved processing of short sales has resulted in rapid absorption of distressed listings and contributed to price appreciation. In February, 54 percent of all closed residential sales in Miami-Dade County were distressed, including REOs (bank-owned properties) and short sales, compared to 69 percent in February 2011 and 56 percent the previous month. Contrary to a year ago, there are now more short sales being transacted than REOs.
International Buyers Fuel Cash Sales. In Miami-Dade County, 65 percent of total closed sales in February were all-cash sales, compared to 66 percent in January and 67 percent a year earlier. Cash sales accounted for 46 percent of single-family and 79 percent of condominium closings. Nearly 90 percent of international buyers in Florida purchase properties all cash. Nationally, all-cash sales were 33 percent of transactions in February, reflecting the stronger presence of international buyers in the Miami real estate market.
About the MIAMI Association of REALTORS The MIAMI Association of
REALTORS was chartered by the National Association of Realtors in 1920 and is celebrating more than 90 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of four organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, and the International Council, it represents more than 26,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local association in the National Association of Realtors, and has partnerships with more than 100 international organizations worldwide. MIAMI’s official website is http://www.miamire.com.

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Miami Home Prices Post Strong Gains for Third Consecutive Month

Posted by fidest press agency su venerdì, 23 marzo 2012

Miami, FL – For the third consecutive month, Miami home prices posted strong gains in February. The median sales price of condominiums in the Miami-Dade County surged 40.4 percent to $131,950 in February compared to a year earlier, according to the 26,000-member MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) system. The median sales price of single-family homes rose 19 percent to $175,000.Statewide median sales prices in February increased 15.9 percent to $95,000 for condominiums and 7.2 percent to $135,000 for single-family homes, according to data from Florida Realtors Industry Data and Analysis department and vendor partner 10K Research and Marketing. The national median existing-home price for all housing types was $156,000 in February, a 0.3 percent increase from February 2011.
In February, the average sales price for single-family homes in Miami-Dade County increased 15.4 percent, from $265,440 in 2011 to $306,391 in 2012. The average sales prices for condominiums jumped 26.3 percent, from $214,012 to $270,300.
The sales of existing single-family homes in Miami-Dade increased two percent in February, from 746 to 760, compared to February 2011. Sales of condominiums dropped 12 percent, from 1,230 to 1,086, compared to record sales levels in February 2011.
Statewide sales of existing single-family homes totaled 14,270 in February 2012, down 4.8 percent compared to a year ago. Statewide condominium sales totaled 7,545, down 16 percent from those sold in February 2011. Nationally, sales of existing single-family homes, townhomes, condominiums, and co-ops decreased 0.9 percent from January but were 8.8 percent higher than they were in February 2011, according to the National Association of Realtors (NAR).
From February 2011, the inventory of residential listings in Miami-Dade County has decreased 45.1 percent from 24,792 to 13,610 in February 2012. Compared to the previous month, the total inventory of homes dropped 3.4 percent. Total housing inventory nationally rose 4.3 percent at the end of February.
Heightened demand for bank-owned (REO) properties and improved processing of short sales has resulted in rapid absorption of distressed listings and contributed to price appreciation. In February, 54 percent of all closed residential sales in Miami-Dade County were distressed, including REOs (bank-owned properties) and short sales, compared to 69 percent in February 2011 and 56 percent the previous month. Contrary to a year ago, there are now more short sales being transacted than REOs.
In Miami-Dade County, 65 percent of total closed sales in February were all-cash sales, compared to 66 percent in January and 67 percent a year earlier. Cash sales accounted for 46 percent of single-family and 79 percent of condominium closings. Nearly 90 percent of international buyers in Florida purchase properties all cash. Nationally, all-cash sales were 33 percent of transactions in February, reflecting the stronger presence of international buyers in the Miami real estate market.
The MIAMI Association of REALTORS was chartered by the National Association of Realtors in 1920 and is celebrating more than 90 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of four organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, and the International Council, it represents more than 26,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local association in the National Association of Realtors, and has partnerships with more than 100 international organizations worldwide. MIAMI’s official website is http://www.miamire.com.(Lynda Fernandez)

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Miami Home Prices Spike in January

Posted by fidest press agency su venerdì, 24 febbraio 2012

The Julia Tuttle Causeway, one of the major ar...

Image via Wikipedia

Miami, FL – Following a record sales year, Miami home prices posted strong gains in January. The median sales price of condominiums in the Miami Metropolitan Statistical Area (MSA) spiked 36 percent to $122,500 in January compared to a year earlier, according to the 26,000-member MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) system. The median sales price of single-family homes jumped 13 percent to $170,000.Statewide median sales prices in January increased 18.8 percent to $95,000 for condominiums and 5.3 percent to $129,000 for single-family homes. The national median existing-home price for all housing types was $154,700 in January, a two percent drop from January 2010.
In January, the average sales price for single-family homes in Miami-Dade County increased 40.4 percent, from $238,527 in 2011 to $334,952 in 2012. The average sales prices for condominiums jumped 45.2 percent, from $171,077 to $248,443.
Inventory Declines 37 Percent in One YearThe inventory of residential listings in Miami-Dade County dropped 37 percent from 24,507 to 13,610 over the last year. Compared to last month, the total inventory of homes dropped 3.4 percent. Total housing inventory nationally fell 20.6 percent at the end of January.The sales of existing single-family homes in the Miami MSA declined three percent in January, from 676 to 659, compared to January 2011. Sales of condominiums dropped 16 percent, from 1,262 to 1,058, compared to January 2011.Statewide sales of existing single-family homes totaled 12,044 in January 2012, down 5.5 percent compared to the year-ago figure, according to data from Florida Realtors Industry Data and Analysis department and vendor partner 10K Research and Marketing. Nationally, sales of existing single-family homes, townhomes, condominiums, and co-ops rose 4.3 percent from December and were 0.7 percent higher than they were in January 2011, according to the National Association of Realtors (NAR).“Never before in history had we sold as many homes in Miami as we did last year,” said 2012 MIAMI Association of REALTORS Residential President Patricia Delinois. “As supply is absorbed, there are fewer properties available to sell, and it will be difficult to match the record set last year. But the good news is that home values are rapidly appreciating, as global buyers, investors and corporations focus on Miami.”
The MIAMI Association of REALTORS was chartered by the National Association of Realtors in 1920 and is celebrating more than 90 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of four organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, and the International Council, it represents more than 26,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local association in the National Association of Realtors, and has partnerships with more than 100 international organizations worldwide. MIAMI’s official website is http://www.miamire.com.

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