IS THIS IT? ARE WE THERE?
Has the South Florida housing market reached the bottom? Based upon numbers just released, some experts think it has. September "existing"- home sales rose for the second straight month compared to a year ago. Better yet, sales of existing-homes in September rose a whopping 5.5% nationwide, and 14% in Miami-Dade over August sales. This is the highest increase since 2004.
The report repeated what is already a fact of life. Banks are unloading properties and neighbors are lowering prices to compete.
The report also stated that the median price for homes in Miami-Dade was now at the 2004 level which was at least three years before the peak prices were reached. Note that none of the above comments apply to condos which are a completely different tale.
Remember our comments of several blogs ago to the effect that you will never know when the bottom has been reached until prices begin to rise again.
Your Miami Residential & Commercial Real Estate Broker
- Miami Area Real Estate Broker
- Miami, Florida, United States
- Both Ana Maria and Larry concluded some time ago that their professional skills complemented each other. Therefore, in August of 1992 Analar International Realty, Corp. (Analar) was formed to create the framework within which Ana Maria and Larry could do together what each enjoyed, and which each did best. Analar the corporation is sixteen (16) years old The involved people have been in the business for more than 40 years. Analar, in addition to the sales and leasing of residential & commercial properties in the Miami area, also specializes in management for the foreign and/or absentee owner. While others may look upon the absence of an owner as a relief and/or an opportunity. Our primary raison d'être is to give the absentee owner, in fact any owner, peace of mind. We provide an unqualified comfort level to our clients. Monthly reports are provided. Nothing is left to the imagination. We anticipate questions, and try to provide the answers before a client feels the need to ask. The knowledge and experience of both owners, our fully computerized capabilities, plus our inherent integrity, reputation, and history, make Analar a truly unique operation.
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