The latest issues of TRENDS Mid-Year Market Reports are now available for Miami-Dade and Broward County. ONE Sothebys International Realty has put together the most comprehensive analysis of sales prices, inventory and stats. Over all the numbers show that inventory continues to drop and sales continue to rise, resulting in price increases.
In Miami, the shadow inventory finally came onto the market in the first six months of 2013, with an increase in inventory of 30% over the same six months in 2012. Short sales moved in the opposite direction, with a dramatic 77% reduction in inventory. Overall, these distressed properties only represent 16% of what is available for sale.
In Fort Lauderdale, the residential market over $1 million continues to thrive with a 30% increase in sales over the first six months of 2012. The months of available inventory have dropped to a 16-month supply. This represents a 40% decrease over the same time last year and a whopping 80% decrease from the high of a 78-month supply in December of 2008.
As the new construction market tightens in Miami-Dade, much of the new condominium construction focus shifts to Fort Lauderdale. New projects will soon start emerging in Broward County in the third quarter of the year. Prices are expected to continue rising steadily in South Florida.
- To see TRENDS Miami-Dade click here:http://bit.ly/16LGuNd
- To see TRENDS Broward click here:http://bit.ly/13RmVme
The latest issues of TRENDS Mid-Year Market Reports are now available for Miami-Dade and Broward County. ONE Sothebys International Realty has put together the most comprehensive analysis of sales prices, inventory and stats. Over all the numbers show that inventory continues to drop and sales continue to rise, resulting in price increases.
In Miami, the shadow inventory finally came onto the market in the first six months of 2013, with an increase in inventory of 30% over the same six months in 2012. Short sales moved in the opposite direction, with a dramatic 77% reduction in inventory. Overall, these distressed properties only represent 16% of what is available for sale.
In Fort Lauderdale, the residential market over $1 million continues to thrive with a 30% increase in sales over the first six months of 2012. The months of available inventory have dropped to a 16-month supply, which represents a 40% decrease over the same time last year and a whopping 80% decrease from the high of a 78-month supply in December of 2008.
As the new construction market tightens in Miami-Dade, much of the new condominium construction focus shifts to Fort Lauderdale. New projects will soon start emerging in Broward County in the third quarter of the year ad prices are expected to continue rising steadily.
To see TRENDS Miami-Dade click here:http://bit.ly/16LGuNd To see TRENDS Broward click here:http://bit.ly/13RmVmeThe latest issues of TRENDS Mid-Year Market Reports are now available for Miami-Dade and Broward County. ONE Sothebys International Realty has put together the most comprehensive analysis of sales prices, inventory and stats. Over all the numbers show that inventory continues to drop and sales continue to rise, resulting in price increases.
In Miami, the shadow inventory finally came onto the market in the first six months of 2013, with an increase in inventory of 30% over the same six months in 2012. Short sales moved in the opposite direction, with a dramatic 77% reduction in inventory. Overall, these distressed properties only represent 16% of what is available for sale.
In Fort Lauderdale, the residential market over $1 million continues to thrive with a 30% increase in sales over the first six months of 2012. The months of available inventory have dropped to a 16-month supply, which represents a 40% decrease over the same time last year and a whopping 80% decrease from the high of a 78-month supply in December of 2008.
As the new construction market tightens in Miami-Dade, much of the new condominium construction focus shifts to Fort Lauderdale. New projects will soon start emerging in Broward County in the third quarter of the year ad prices are expected to continue rising steadily.
To see TRENDS Miami-Dade click here:http://bit.ly/16LGuNd To see TRENDS Broward click here:http://bit.ly/13RmVmeThe latest issues of TRENDS Mid-Year Market Reports are now available for Miami-Dade and Broward County. ONE Sothebys International Realty has put together the most comprehensive analysis of sales prices, inventory and stats. Over all the numbers show that inventory continues to drop and sales continue to rise, resulting in price increases.
In Miami, the shadow inventory finally came onto the market in the first six months of 2013, with an increase in inventory of 30% over the same six months in 2012. Short sales moved in the opposite direction, with a dramatic 77% reduction in inventory. Overall, these istressed properties only represent 16% of what is available for sale.
In Fort Lauderdale, the residential market over $1 million continues to thrive with a 30% increase in sales over the first six months of 2012. The months of available inventory have dropped to a 16-month supply, which represents a 40% decrease over the same time last year and a whopping 80% decrease from the high of a 78-month supply in December of 2008.
As the new construction market tightens in Miami-Dade, much of the new condominium construction focus shifts to Fort Lauderdale. New projects will soon start emerging in Broward County in the third quarter of the year ad prices are expected to continue rising steadily.
To see TRENDS Miami-Dade click here:http://bit.ly/16LGuNd To see TRENDS Broward click here:http://bit.ly/13RmVme
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