PROGRESSIVE SALES CONTINUE IN FLORIDA REAL ESTATE MARKET
May marked the sixth consecutive month of statewide year-over-year sales increases for existing home and condos according to Florida Realtors®. Miami in particular had a 20 percent uprising in home sales in comparison to 2010. Industry leaders expect this trend to continue with favorable interest rates over the next several months.
“With low mortgage rates and a broad inventory of homes at affordable prices, qualified buyers are realizing that there may never be a better time to find the home they’ve been dreaming of in Florida,” said Florida Realtors President Patricia Fitzgerald.
The gradual yet tenacious rise of 3 percent from last year, May sales for the state of Florida offer positive horizons compared to a national decrease of 15.3 percent in May according to the National Association of Realtors.
Condos have been the largest gap-breaker with a 17 percent increase statewide in May despite a climb in price. Again, leading the charts with a boastful 46 percent increase is Miami condominium sales.
Whether you’re looking for a palatial home or a luxury condo, the sustainable Miami real estate market is an attractive and astute venture. SoBe Luxury Homes has a dedicated team of Miami luxury residential sales and leasing specialists to help you find the home of your dreams. If you are looking to buy or sell your primary residence, second home or investment property, the SoBe Luxury Homes team is knowledgeable, responsive and ready to achieve your ultimate objective.
Contact Christian Kawas or Ivan Hernandez by calling 305.608.6681 and experience for yourself the difference only SoBe Luxury Homes can offer.
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