South Florida home sales and prices on the RISE!!!

It is truly a pleasure when we can quote a newspaper on positive news on the South Florida Real Estate market. Such is today’s story in The Miami Herald.

Entitled : South Florida home sales – and prices – rise .. Home sales and prices increased in April compared to the year before – a possible sign of stability in a long-shaky real estate market.

You can read the full article here: MIAMI HERALD - HOME SALES UP

Here are the key points:

1) Median sale price of existing homes in Miami-Dade County (up 8%) and Broward county (up 7%) increased compared with last April (2009).

2) The number of Home sales also crept up – Miami Dade County up 7% and Broward County up 11%. This was mainly fueled by bargains on troubled properties, low mortgage rates and a deadline for thousands of dollars in tax credits.

3) Condo Sales also had huge numbers over last year. In Miami Dade County 723 units were sold which represents a 33% increase over the same period last year. In Broward County number of condos sold topped at 1,077 – an increase of 30% over April 2009.

Let’s hope this trend continues and we see successful increases in number of properties sold as well as increases in prices.

If you are interested in purchasing property from South Beach to Bal Harbour, Sunny Isles Beach, Aventura, Hallandale or Hollywood please contact The Golan Team at 786-271-1235 or drop us an email to info@golanteam.com