The Real Deal Miami

Big increase for Miami home sales

May 20, 2011 10:17AM

Sales of Miami condominiums increased by 94 percent in April, compared
to the same period in 2010, according to the Miami Association of
Realtors. There were a total of 1,404 condo sales in April, compared to
723 in April 2010. Sales of single-family homes rose 40 percent in
April. According to the association, 60 percent of closed resales were
international sales, along with 90 percent of new construction sales.
“We are encouraged by the current performance of the real estate market,
as it reflects healthy demand for local properties and points to future
growth,” said Jack Levine, chairman of the Miami Association of
Realtors. “Our market is attractive to all types of buyers, including
international, domestic, vacation, second home and baby boomers.” TRD