South Florida Residential Market Rebounds

 

The South Florida Residential Market should continue strong price performance in 2013. Low inventory in the top-end will be a crucial cause of rising prices. 

International buyers will continue to come to Miami searching for a "Safe Home."
A strong luxury market fueled by International Buyers was one primary reason for the rebound. 

Average prices for single-family homes and condos ended last year with double-digit increases. However, 2013 started with average prices more than double median prices, a statistic that is indicative of strength at the higher end of the market.

Since the start of the financial crisis, Miami's Real Estate market has come 180 degrees. According to the Miami Association of Realtors, the number of home sales in the Miami-Dade market set a new record in 2012. Year-end sales of single-family homes rose 7.9%, while condo sales increased 1.2%.

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For sale and for rent residential real estate in South Florida. Miami Condos and Homes For Sale. 

gladis henriquez, optimar international realty 305-281-8653 – Sunny Isles Beach, FL 33160