Miami-Dade Real Estate Sees Boom
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Transcript of Miami-Dade Real Estate Sees Boom
HOT Miami Real Estate What You Need To
Know About The
Current Market
Miami-Dade hit record high numbers in overnight visitors in 2013,
with 14 million people exploring the cities and beaches.
There is no question that Miami is hot, but let’s explore Miami’s real
estate market for those who want to stay for more than just a
night or two.
From May 2013
to May 2014, we have
seen the average sale
price increase by 3.8%.
Also, it is a market for
picky buyers, who want to
shop around for that perfect
Miami-Dade townhouse. The
the percentage of active
listings increased by thirty-six
in the same time period.
The 2014 market
looks to stay
strong.
While the number
of closed sales and
the median sale price
have risen steadily since
2010, total inventory has
significantly lowered.
Recovering from the hit of a
poor economy and a
flooded housing market,
buyers are once again
showing interest and
trust in the real
estate industry.
Compared to
May of last year, we
see a 24.2% increase
in median sale price on
Foreclosure/REO, with a
7.8% increase on closed
sales.
Short Sale closed sales
dramatically dropped
62.5%, while the median
sale price increased
10.6%.
The U.S. market
is seeing a boom in
international buyers,
with an estimated total
of international sales hitting
a high of $92.2 billion from
April 2013 to March 2014,
according to the National
Association of Realtors.
Florida sales accounted
for 23% of that total –
higher than any
other state.
It is no wonder
28% of realtors have
reported working with
international clients this
year with these alluring
conditions drawing abroad
buyers to the U.S. market:
+ Favorable exchange rates
+ Rising affluence abroad
+ Economic stability
+ Affordable prices
Miami-Dade is a hot spot for international buyers, with the
county offering a slice of real estate to meet the needs of just about
any buyer. According to the 2014 Profile of International Home
Buying Activity Report, 13% of international buyers prefer to
purchase in a resort area, nearly a quarter buy in an urban area or
central city, and almost half choose properties in the suburbs.
Contact Us
Since 2011 Decorus Realty has been meeting the high demand for exceptional
real estate expertise and service in South Florida. Decorus offers a multitude of
services so you don’t have to go anywhere else.
• Luxury Real Estate
• Commercial Investments
• Property Management
• Legal Services
• Asset Management
• Financial & Concierge services
Please visit decorusrealty.com for more information.
All images provided by decorusrealty.com, except for the following: Slide 2 - Miami Lifeguard Station http://www.freeimages.com/photo/730406 Slide 8 - Miami Marina http://www.freeimages.com/photo/305801 Slide 10 - South Beach http://www.freeimages.com/photo/688859
Tourism Statistics http://www.miamiherald.com/2014/02/26/3961532/miami-tourism-hit-record-numbers.html Miami-Dade County Real Estate Statistics https://www.miamire.com/docs/default-source/monthly-market-reports/miami-dade-county_townhouses-and-condos_2014-05_summary.pdf?sfvrsn=2 International Buyers Statistics http://www.worldpropertychannel.com/north-america-residential-news/foreign-home-buyers-international-home-buyers-nar-foreign-buyers-report-2014-profile-of-international-home-buying-activity-miami-real-estate-news-steve-brown-8345.php
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