ONE Sothebys International Realty is proud to released the 2017 TRENDS Market Report in partnership with by Integra Realty Resources (IRR). The report iskey tool for anticipating whats to come in the real estate market in South Florida. Last year, the analysis predicted no major changes in market-wide pricing, but due to inventory being built in some sectors, pricing was going to be affected.
The report shows the number of transactions in almost all segments declined making prices vulnerable. By market, our analysis indicated that traded markets were hardest hit with 10 to 12 transactions year. In Broward, single-family home transactions between $1 million to $5 million declined by 9%, whereas transactions over $5 million increased and inventory remained steady.
In 2017 the market is expected to remain strong and be a better year for real estate overall.The luxury market, especially waterfront homes, in the $1 million to $5 million range need to be serious about pricing in order to close a deal. The economic outlook is positive and if it continues this way, the market will continue in the right direction.
Read the entire report here:2017 Trends ReportIn partnership with by Integra Realty Resources (IRR), ONE Sothebys International Realty has released the 2017 TRENDS Market Report. The report is well known as key tool for anticipating whats to come in the Real estate market in South Florida. Last year, the analysis predicted no major changes in market-wide pricing, but due to inventory being built in some sectors, pricing was going to be affected.
The 2016 TRENDS report shows the number of transactions in almost all segments declined making prices vulnerable. By market, our analysis indicated that traded markets were hardest hit with 10 to 12 transactions year. In Broward, single-family home transactions between $1 million to $5 million declined by 9%, whereas transactions over $5 million increased and inventory remained steady.
2017 is expected to remain strong a better year for real estate. Last year, 3% employment gain in 2016 is one of the main reasons and a possibility continued interest rate project a positive economic growth that will attract buyers that have been hesitant in the past. The luxury market, especially waterfront homes, in the $1 million to $5 million range need to be serious about pricing in order to close a deal. In partnership with by Integra Realty Resources (IRR), ONE Sothebys International Realty has released the 2017 TRENDS Market Report. The report is well known as key tool for anticipating whats to come in the Real estate market in South Florida. Last year, the analysis predicted no major changes in market-wide pricing, but due to inventory being built in some sectors, pricing was going to be affected.
The 2016 TRENDS report shows the number of transactions in almost all segments declined making prices vulnerable. By market, our analysis indicated that traded markets were hardest hit with 10 to 12 transactions year. In Broward, single-family home transactions between $1 million to $5 million declined by 9%, whereas transactions over $5 million increased and inventory remained steady.
2017 is expected to remain strong a better year for real estate. Last year, 3% employment gain in 2016 is one of the main reasons and a possibility continued interest rate project a positive economic growth that will attract buyers that have been hesitant in the past. The luxury market, especially waterfront homes, in the $1 million to $5 million range need to be serious about pricing in order to close a deal. In partnership with by Integra Realty Resources (IRR), ONE Sothebys International Realty has released the 2017 TRENDS Market Report. The report is well known as key tool for anticipating whats to come in the Real estate market in South Florida. Last year, the analysis predicted no major changes in market-wide pricing, but due to inventory being built in some sectors, pricing was going to be affected.
The 2016 TRENDS report shows the number of transactions in almost all segments declined making prices vulnerable. By market, our analysis indicated that traded markets were hardest hit with 10 to 12 transactions year. In Broward, single-family home transactions between $1 million to $5 million declined by 9%, whereas transactions over $5 million increased and inventory remained steady.
2017 is expected to remain strong a better year for real estate. Last year, 3% employment gain in 2016 is one of the main reasons and a possibility continued interest rate project a positive economic growth that will attract buyers that have been hesitant in the past. The luxury market, especially waterfront homes, in the $1 million to $5 million range need to be serious about pricing in order to close a deal.
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