Management & Strategy Business

Broward housing inventory decreased by 35 percent in a year of great sales, prices rise

January 25, 2012

Broward housing inventory decreased by 35 percent in a year of great sales, prices rise

; overflow: hidden; color: # 999999; “> Rick Burch,
2012 President of the Broward
MIAMI Association of Realtors

Miami, Florida (Nasdaq) 20 January 2012

In Broward County, rose a single family home sales by nine percent, 996-1082 last month compared with December 2010, according to the Broward Council of the union of 26,000 members in the Miami real estate agents and local systems Multiple Listing Service ( MLS). Condo sales declined by eight percent in December compared to last year.

nationwide sales fell by two percent in 6836 for condominiums and two percent of 15 290 single-family homes. Nationwide, sales of existing single-family homes rose, townhouses, condominiums and cooperatives five percent in November and were 3.6 percent higher than in December 2010, after the National Association of Realtors (NAR).

“The decline in housing supply in Broward County, reference to the strong demand and points to the future to strengthen,” said Rick Burch, 2012 President of the Broward County Board of Governors of the Association MIAMI REALTOR. “The presence of international buyers in combination with an improvement in the economy and the labor market is in the continued growth and strengthening of the Broward County results.”

New Year Eve 2011

total single-family home sales fell by nine per cent from 11 548 in 2010 to 12 817 in 2011. The total closed sales of condominiums rose 11 percent from 15 049 to 20010-16714 in 2011.

prices until year-end sales increased four percent to $ 179,200 for single family homes and six percent of $ 70,800 for condominiums when comparing 2011 to 2010. Statewide prices by year-end sales decreased three percent of the houses and two percent for condominiums.

median and average sales price

In December, the average sales price of homes in the Fort Lauderdale Metropolitan Statistical (MSA) $ 189.600 to seven percent compared to December 2010. The average selling price of condominiums declined by three percent to $ 78,200 compared to last year.

average sale price for the entire single-family homes rose by 12.1 percent, from $ 247,889 to $ 277,939. The average selling price of condominiums increased by nine percent, from $ 118,966 to $ 129,662.

State

average selling prices in December rose by four percent to $ 91,900 for condominiums and one percent to $ 134.300 houses. The national median existing home price for all housing types was $ 164,500 in December by 2.5 percent compared to December 2010.

Reduce inventory levels

The stock of residential real estate Broward County fell by 35 percent from 19 899 to 12 997 last year, representing a healthy market for real estate. Compared with the entire housing stock decreased by 2.4 percent.

“The housing market in Broward health and balance was reflected in the last few years,” said Ernesto Vega, president-elect of the Broward County Board of Governors of the MIAMI Association of Realtors. “Broward County housing sales and prices continue to rise and are expected to strengthen further in 2012.”

Total housing inventory fell 9.2 percent national

in late December.

Distressed Properties

In December, desperate 46 percent of all residential closed sales in Broward County, as REOs (bank property) and short sales, compared with 55 percent in December 2010 and 48 percent in the previous month. Unlike a year ago, today there are more short sales in the transaction of OER.

International buyers

fuel cash sale

cash sales accounted for 38 percent of single-family homes and 81 percent of deaths of condominiums. Nearly 90 percent of international buyers in purchasing property in Florida all the money. Nationwide, sales of all deposits accounted for 29 percent of transactions, reflecting the increased presence of international buyers in the real estate market in Miami.

Note: The statistics in this press release may vary depending on dates. Statistics reported from Miami unaffected by NAR rebenchmaking efforts. MIAMI accurate statistical reports directly from their MLS system.

About

MIAMI Association of Realtors

MIAMI Association of Realtors by the National Association of Realtors mentioned in documents in 1920 and celebrates its 90 years of service to brokers, buying and selling of public and communities in South Florida. Consisting of four organizations, trade association, Alliance Commercial Real Estate, Broward County Board of Governors of the International Council, which represents more than 26,000 real estate professionals in all areas of real estate sales, marketing, and brokerage. It is the largest local association of the National Association of Realtors, and has partnerships with over 100 organizations in the international world. Official website http://www.miamire.com Miami.

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