miami-dade real estate sees boom

10
HOT Miami Real Estate What You Need To Know About The Current Market

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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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