2008-09-30 00:00:00 lower prices are drawing buyers back into Florida's housing market.
Sales of existing single-family homes in Miami-Dade County increased 22 percent
(PressMethod) - Home sales in parts of South Florida jumped in August amid signs that lower prices are drawing buyers back into the region's long-struggling housing market.
Sales of existing single-family homes in Miami-Dade County increased 22 percent and Broward County sales increased 12 percent compared to the same period a year ago, according to numbers released last week by the Florida Association of Realtors.
Condominium sales were up 13 percent in Miami-Dade, while condo activity in Broward for the month was even compared to August 2007.
A big factor cited for increased sales on the mainland appears to be significant price drops. Homes sold at prices averaging 20 percent lower than last year for single-family homes and condos in both Miami-Dade and Broward counties.
Mainland South Florida's results were in contrast to the rest of the country.
Key West Florida September, 29th, 2008, Tina Masters (Key West residential sales specialist and REALTOR for Coldwell Banker Schmitt) remarked, this is really encouraging news for both our residents and future residents.
When asked how this could affect Key West Real Estate Tina remarked, a major percentage of both our tourists and second home buyers are from the Miami area. For one thing Miami is not that far plus now that US1 has been widened it ‘s a much easier driving experience.
If you combine this with the great prices we have on Real Estate, Key West looks really good to either full time or part time home owners.
About Tina Masters. Tina is the owner of a Key West Real Estate website located at www.yourkeywestagent.com designed specifically to help people relocating to Key West and the lower Florida Keys.
CONTACT INFORMATION Tina Masters Coldwell Banker Schmitt Email Us 305-292-7440 http://www.yourkeywestagent.com ### Disclaimer: If you have any questions regarding information in these press releases please contact the company listed in the press release. Please do not contact PressMethod. We will be unable to assist you with your inquiry. PressMethod disclaims any content contained in these release. |