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The Real Deal Miami

Single-family market showing signs of life

September 07, 2010 12:00PM

A home for sale in Palmetto Bay

Single-family home prices seem to have stabilized since July 2009 after a
long descent. Since that month, median home sales have flattened or gone
up a bit, according to some measures. Families like Thomas and Laura
Fabricio are moving back into the area, with once-too-pricey
neighborhoods beginning to open up and fall into lower price brackets.
Currently, there are 6,779 single-family homes in Miami-Dade and Broward
counties for sale at less than $250,000. That’s up from 687 in July
2005, according to Esslinger-Wooten-Maxwell. “2010 is going to be the
best year in our industry since 2005,” said Ron Shuffield, president of
EWM. [Palm
Beach Post]