The Miami housing market saw its highest level of sales activity in more than five years during the first quarter, with all-cash purchases accounting for close to two-thirds of that, according to the first-ever Miami housing market report by Douglas Elliman Florida, which was prepared by appraisal firm Miller Samuel and released today.
Sales of condos, townhouses and single-family homes rose by 25.9 percent year-over-year, and cash purchases rose by 12 percent during that time period, the report says. Meanwhile, average sales prices were down by 14 percent from last year, reaching a five-year low of $260,918 as distressed properties took an increasing share of the market and remained stable pricewise.
However, the gap between asking and selling prices narrowed to 8.3 percent from 11.6 percent during the first quarter of 2010, and listings were sold by an average of one week faster than they were last year at this time. TRD
May 16, 2011 at 11:07 pm, Retta said:
Home run! Great slugging with that anewsr!
May 05, 2011 at 12:41 pm, Anonymous said:
Best darn agent in SoBe Kevin Tomlinson of ONE Sotheby’s International Realty.
May 06, 2011 at 12:12 pm, Anonymous said:
lol pathetic realtors
May 05, 2011 at 3:14 pm, Anonymous said:
I thought DORA PUIG was the BEST CONDO BROKER ON SOBE!!!!
May 05, 2011 at 5:17 pm, Anonymous said:
No, no, no, It’s Carlos Martinez, the guy is a freakin selling machine!!!!
May 05, 2011 at 7:19 pm, Anonymous said:
The Best of The Best is at http://www.BestmiamiEstates.com
May 08, 2011 at 10:22 pm, Keith Jurow said:
What do these comments have to do with the article? I just wrote an in-depth report on the Miami market in my new Housing Market Report hosted at Minyanville.com. I’d sure like to see Jonathan’s report. It might help if the anonymous author had posted a link to it.
May 05, 2011 at 7:58 pm, Anonymous said:
Google search for Real Estate http://www.OneMiami.net
May 05, 2011 at 7:59 pm, Anonymous said:
Foreclosures and Short Sales http://www.BrancaEstates.com
May 05, 2011 at 7:59 pm, Anonymous said:
Rentals http://www.BrancaEstates.Postlets.com