▪ Why stubbornly deny that behind a " negative growth " and consumption that beats the last six weeks wing profile lightning recovery of the U.S. economy that will propel us the Dow to 20,000 points and the CAC 5 000 40 ?
Of course, if all U.S. economic figures argued for a type scenario in January 2000 or July 2007, it would be too easy: 3.5% or 4 % growth, it shows. In this case , it must be creative .
We must imagine all the money poured by the Fed since last September ( wasted as GDP rose from 3 % to -0.1% in the interval ) suddenly reappear by mid - 2013 in the real estate ... which seems falter since November.
We are witnessing a technical reflux ( decrease in the NAHB index , falling 8.5% of housing starts in the United States in January ) of the same type before a tidal wave. The waves withdraw before the emergence of a bullish wave that will sweep our skepticism and our mockery .
Similarly, the small voltage in U.S. long rates (2.04 % over 10 years ) is a precursor to arbitration T -Bonds for shares ( the "Grande rotation). Do not see a fit of nervousness on prospects for debt reduction if the Republican majority in Congress again - as he regularly shows his intention - his guerrilla war against the White House.
▪ In Europe, too , not to worry !
In Europe, the suspense on the Italian elections is already in progress, as the default and the restructuring of the Cypriot debt (18 billion euros ) . And that would be paranoid enough to claim that such a scenario would plunge the Greek banking system , already in agony in new inextricable difficulties ?
We 've seen worse ( with 250 billion euros of restructuring ) , so nothing to worry about in the immediate future.
And since "Super Mario" ( Draghi ) has the magic weapon verb that solves crises, there is no need to worry about this release of the Portuguese Government revises -1% to -2 % in the amount of the anticipated recession in 2013 (after -3.2 % in 2012) .
We do not see how Spain could be affected while you a little more each day precisely the huge stakes and the potential cost measure - as a colossal losses for the country - the bursting of the housing bubble 2008.
The SAREB , the structure of Iberian defeasance (or bad bank on the French model of CDR) created at the request of the European authorities , has acquired to date as 60 billion euros of foreclosed or unsold goods : this is a stock about 90 000 dwellings.
It is only a drop in the light of 200,000 homes seized by banks and stock over a million unsold new homes. Note that the latter figure is an estimate of wills the end of 2012 ... but a figure of two million unoccupied flows emphatically past two years.
▪ In Spain, it's getting better and better
This is not the worst: the "official" decline in real estate of 35% from the peak of the bubble - this hedonistic estimation has so far limited provisions on unrealized losses for banks , otherwise they have already largely failed. However, the potential (often Anglo- Saxon " vulture funds " type) would require a discount ranging from 60 % to 80 % depending on the property proposed lots .
This may seem unfair for sellers but a considerable proportion of the goods concerned are unsellable ( not completed without running water or not related to any sanitation, open to all winds and already severely degraded by weather, looted or vandalized ... ) .
The SAREB - who had taken many assets at a discount of 50% - has already sold 13,000 units (15 % of its stock ) in January. Professionals fear a new blip on prices in 2013 if it forces the pace.
Stocks it holds is only the tip of the iceberg : they represent only 6% of the 1.2 million homes that banks hold in mortgage form or seized property.
This is not counting bank claims on hundreds of shopping centers on the outskirts of deserts ghost neighborhoods and millions of square meters of unoccupied office .
With this in mind , Mariano Rajoy has justifiably pleased yesterday before the Spanish Parliament, summarizing a formula the situation : "The sinking was avoided ."
With close to 7 % of GDP deficit in 2012 and 300 billion unrealized property losses , everyone to their own opinion on the matter.
We feel that it is especially the sense of reality which wrecked ... But this syndrome is not more severe south of the Pyrenees across the Atlantic , where every statistic - especially good and bad - gives rise to completely convoluted interpretations which it is clear that the crisis and the recession are behind us and counterfeit currency central banks will do wonders .
Iconic Russell 2000 indices like the Dow or the Transport struggle daily new records in New York. DT has also not failed to register a 20th consecutive points in 6021 opened yesterday.
▪ And the gold ?
One of the predictions of permabulls is coming true : meet the huge upside potential of equities this year and in 2014 , investors are selling their gold.
Here ounce which unscrews under $ 1,600 , and which seems more decisive in support of $ 1,585 (that is to say, the basis of the bearish channel medium term).
That said, the fall of the yellow gold had nothing to envy to that of the Black Gold: barrel flowed peak of 2.4% in the support of $ 95 to sink up to 93.8 $ .
But nothing in the world will not stay suggest that the general decline in raw materials resulting from the realization that the growth that we are promised are only in speeches intended to trap investors ... that is ie those that are pressed to buy shares now that they are back in full swing while insiders relieve themselves happily .
Friday, March 7, 2014
Monday, March 3, 2014
Investing in real estate in Miami, still great opportunities!
Miami, a sun destination? Yes, but not exclusively ... Since the 1980s, Miami is undoubtedly one of the preferred destinations for American and foreign tourists because of its mild climate and attractive beaches ... Tourists are however more only to be deceived: Foreign investors also flock now to take advantage of economic opportunities offered by Miami ... especially in real estate.
A MAJOR DEVELOPMENT PROJECT: MIAMI 2020
Investing in real estate in Miami, still great opportunities!
The dynamic Miami real estate is now supported since counts in total, more than 170 sites in the project development of the city, called "Miami 2020". Among these sites include not only projects of residential and tourist developments such as the Porsche Design Tower (luxury apartments in Sunny Isle in North Miami Beach), but also many commercial developments, like the Brickell CityCenter built Bouygues and estimated at $ 663 million or the redevelopment of the Miami Beach Convention Center, for $ 1.2 billion. Parallel port activity is booming, since Miami is now the first cruise port in the world in 2013, a number of passengers estimated at nearly 4 million. The commercial port of Miami is also very strong, and increasingly turned to South America.
The economic fabric of Miami thus denser, really, and growth is back in the city, in particular, and Florida in general, where the unemployment rate has declined from 9.1% to 7.6 % between November 2012 and November 2013. Miami is now a city that offers strong economic and not just tourist arguments. The establishment of new companies or new sports franchises, such as the Major League Soccer, are, moreover, great news for investors ... In fact, Miami now ranks among the largest global capitals and continues offer good prospects for capital gains for investors.
PRICES RISING ...
The Miami real estate market consists of several micro markets, where prices remain affordable for a French investor, whether for rental investment or second home. The rebound from the peak in 2006 is, however, undoubtedly began as prices have increased by 15.8% between October 2012 and October 2013 ...
Evolution of prices in Miami - Source: S & P Case Shiller - Miami - January 2000 - October 2013
Evolution of prices in Miami - Source: S & P Case Shiller - Miami - January 2000 - October 2013
OPPORTUNITIES BUT STILL ...
Nevertheless, it is still possible to find attractive products, including apartments, priced between € 1,700 and € 3,500 per m2. A Miami Beach but also in the districts of North Miami Beach, Aventura, or more south of the city, Coconot Grove.
For investors wishing to higher end products, prices are naturally higher, but there also, they are interesting in light of French and Paris prices. 120m2 triplex in the heart of Miami Beach is for example on sale today for € 496,000, or 4130 euros / m2.
Miami recall that, as in all large cities, the location is essential, both for yearly rentals for seasonal rentals. New programs, often very well located, are, in this respect, solid opportunities.
A MAJOR DEVELOPMENT PROJECT: MIAMI 2020
Investing in real estate in Miami, still great opportunities!
The dynamic Miami real estate is now supported since counts in total, more than 170 sites in the project development of the city, called "Miami 2020". Among these sites include not only projects of residential and tourist developments such as the Porsche Design Tower (luxury apartments in Sunny Isle in North Miami Beach), but also many commercial developments, like the Brickell CityCenter built Bouygues and estimated at $ 663 million or the redevelopment of the Miami Beach Convention Center, for $ 1.2 billion. Parallel port activity is booming, since Miami is now the first cruise port in the world in 2013, a number of passengers estimated at nearly 4 million. The commercial port of Miami is also very strong, and increasingly turned to South America.
The economic fabric of Miami thus denser, really, and growth is back in the city, in particular, and Florida in general, where the unemployment rate has declined from 9.1% to 7.6 % between November 2012 and November 2013. Miami is now a city that offers strong economic and not just tourist arguments. The establishment of new companies or new sports franchises, such as the Major League Soccer, are, moreover, great news for investors ... In fact, Miami now ranks among the largest global capitals and continues offer good prospects for capital gains for investors.
PRICES RISING ...
The Miami real estate market consists of several micro markets, where prices remain affordable for a French investor, whether for rental investment or second home. The rebound from the peak in 2006 is, however, undoubtedly began as prices have increased by 15.8% between October 2012 and October 2013 ...
Evolution of prices in Miami - Source: S & P Case Shiller - Miami - January 2000 - October 2013
Evolution of prices in Miami - Source: S & P Case Shiller - Miami - January 2000 - October 2013
OPPORTUNITIES BUT STILL ...
Nevertheless, it is still possible to find attractive products, including apartments, priced between € 1,700 and € 3,500 per m2. A Miami Beach but also in the districts of North Miami Beach, Aventura, or more south of the city, Coconot Grove.
For investors wishing to higher end products, prices are naturally higher, but there also, they are interesting in light of French and Paris prices. 120m2 triplex in the heart of Miami Beach is for example on sale today for € 496,000, or 4130 euros / m2.
Miami recall that, as in all large cities, the location is essential, both for yearly rentals for seasonal rentals. New programs, often very well located, are, in this respect, solid opportunities.
Friday, February 28, 2014
Real Estate News Florida
First, Pierrette Arcand and Jean Feuillet, wish to thank all those who came to meet us during our presentations on real estate in Florida and Saint-Sauveur Quebec. With over sixty people at each session, we discussed the current market and buying opportunities, taxes ( a favorite topic) , and the different types of possible purchase today. It was a success again .
For those who could not come to see us, we will provide on YouTube and on this blog in the weeks following videos on the topics we talked about .
New rules to connect with FPL
FPL , Florida Power and Light provides electricity service in Florida and has over 4.6 million subscribers. Throughout the south of Florida , that is to say, the key metropolitan areas of Fort Lauderdale , West Palm Beach, Miami and surrounding areas , as well as Keys, is part of FPL power grid . This week , FPL has decided to change the rules of service. A summary of these changes:
The accommodation : We call first
The new residents can register online at http://FPL.com/startservice or by calling (800 ) 226-3545 .
For connections on the same day , contact FPL before 14 hours ( 2:00 PM ) .
No need to be at home to connect the service, but it takes a few basic security preparations :
Close all circuits on panel
Turn off household electrical and electronic systems
Remove anything that might be on the stove or in the oven.
the move
FPL disconnects the electrical service in a day when the resident called to close his account.
Before closing electricity, fridge should be disconnected with the door open to prevent mold and odors.
The rate of crime in Miami: 14 safe places
The firm Esri , a provider of geographic data, compiled the crime rate in the region of Miami- Dade from the list of postal codes. It appears that the Miami-Dade County has the highest rate of all crime is south Florida .
The link below compiles 79 postcodes Miami with their index crime rate . This index ranges from 29 to 515 .
The methodology of this analysis establishes an index of "100" as the average , which means a place with less than 100 index is a safer place with more than 100 index.
As you read there are 14 postal codes with a total index of less than 100 crime in Miami -Dade . No comments on the crime rate in Miami !
The results of these compilations for the Fort Lauderdale and West Palm Beach are available on this link and several other statistics reported by the company Esri.
New condominium complex in Hollywood
The construction of new real estate properties in Florida is distributed . This new 15-storey complex will be located in downtown Hollywood at 2165 Van Buren Street . The first shovels of this project of $ 50 million began there a few weeks. And already there are reports that more than 60 units are sold .
The models for these condominiums measure 594 square feet ( 55 square meters) to 1,579 square feet ( 146 square meters) for a unit of 3 bedrooms. Prices range from $ 190,000 to $ 380,000 . This resort accepts pets and has a swimming pool , a recreation center with gym and a conference room.
More and sketches of buildings here on the Sun- Sentinel. If you are interested , we will be happy to provide more information on this project.
The importance of reading ( and understanding ) the Declarations of Condominiums
When you buy a condominium , it is known that in general, the co- owner is responsible for what he sees in the apartment, and that the union of co- owners, the Association is responsible for what is inside the walls of the condominium.
Thus, plumbing pipes , sewers, electrical conduits , etc. . which are within the walls would be the responsibility of the Association. What about pipes and conduits of a co- owner air conditioner.
"Help Me Howard" , a program of surveys and television station WSVN legal solutions , has released this week a program in which the co- owner was fighting ( figuratively ) against the Association did not want to pay $ 1.900 for replacement led his air conditioning unit that was broken inside the walls.
Howard Finkelstein, public defense attorney in Broward County ( Fort Lauderdale) , after consultation documents of the Declaration of Condominiums , discovered hidden on page 20 of this brick of 150 pages , the Association was responsible for all common ducts which are shared by all co- owners, such as water , sewer, etc. .
The air conditioner is meanwhile regarded as belonging to a single co- owner and ducts and pipes are not shared between the co- owners. So for this condominium complex , each co- owner is responsible for conduits within the walls of the air conditioner that cools their homes .
Which proves that he must be well informed before taking an action that could cost unnecessarily expensive . Video of the show is here on the site WSVN .
That's all for today. Thank you for reading and commenting on this article. Also click on the button "I like this " , it is always a pleasure .
For those who could not come to see us, we will provide on YouTube and on this blog in the weeks following videos on the topics we talked about .
New rules to connect with FPL
FPL , Florida Power and Light provides electricity service in Florida and has over 4.6 million subscribers. Throughout the south of Florida , that is to say, the key metropolitan areas of Fort Lauderdale , West Palm Beach, Miami and surrounding areas , as well as Keys, is part of FPL power grid . This week , FPL has decided to change the rules of service. A summary of these changes:
The accommodation : We call first
The new residents can register online at http://FPL.com/startservice or by calling (800 ) 226-3545 .
For connections on the same day , contact FPL before 14 hours ( 2:00 PM ) .
No need to be at home to connect the service, but it takes a few basic security preparations :
Close all circuits on panel
Turn off household electrical and electronic systems
Remove anything that might be on the stove or in the oven.
the move
FPL disconnects the electrical service in a day when the resident called to close his account.
Before closing electricity, fridge should be disconnected with the door open to prevent mold and odors.
The rate of crime in Miami: 14 safe places
The firm Esri , a provider of geographic data, compiled the crime rate in the region of Miami- Dade from the list of postal codes. It appears that the Miami-Dade County has the highest rate of all crime is south Florida .
The link below compiles 79 postcodes Miami with their index crime rate . This index ranges from 29 to 515 .
The methodology of this analysis establishes an index of "100" as the average , which means a place with less than 100 index is a safer place with more than 100 index.
As you read there are 14 postal codes with a total index of less than 100 crime in Miami -Dade . No comments on the crime rate in Miami !
The results of these compilations for the Fort Lauderdale and West Palm Beach are available on this link and several other statistics reported by the company Esri.
New condominium complex in Hollywood
The construction of new real estate properties in Florida is distributed . This new 15-storey complex will be located in downtown Hollywood at 2165 Van Buren Street . The first shovels of this project of $ 50 million began there a few weeks. And already there are reports that more than 60 units are sold .
The models for these condominiums measure 594 square feet ( 55 square meters) to 1,579 square feet ( 146 square meters) for a unit of 3 bedrooms. Prices range from $ 190,000 to $ 380,000 . This resort accepts pets and has a swimming pool , a recreation center with gym and a conference room.
More and sketches of buildings here on the Sun- Sentinel. If you are interested , we will be happy to provide more information on this project.
The importance of reading ( and understanding ) the Declarations of Condominiums
When you buy a condominium , it is known that in general, the co- owner is responsible for what he sees in the apartment, and that the union of co- owners, the Association is responsible for what is inside the walls of the condominium.
Thus, plumbing pipes , sewers, electrical conduits , etc. . which are within the walls would be the responsibility of the Association. What about pipes and conduits of a co- owner air conditioner.
"Help Me Howard" , a program of surveys and television station WSVN legal solutions , has released this week a program in which the co- owner was fighting ( figuratively ) against the Association did not want to pay $ 1.900 for replacement led his air conditioning unit that was broken inside the walls.
Howard Finkelstein, public defense attorney in Broward County ( Fort Lauderdale) , after consultation documents of the Declaration of Condominiums , discovered hidden on page 20 of this brick of 150 pages , the Association was responsible for all common ducts which are shared by all co- owners, such as water , sewer, etc. .
The air conditioner is meanwhile regarded as belonging to a single co- owner and ducts and pipes are not shared between the co- owners. So for this condominium complex , each co- owner is responsible for conduits within the walls of the air conditioner that cools their homes .
Which proves that he must be well informed before taking an action that could cost unnecessarily expensive . Video of the show is here on the site WSVN .
That's all for today. Thank you for reading and commenting on this article. Also click on the button "I like this " , it is always a pleasure .
Wednesday, February 26, 2014
Real Estate: now or never to invest in Florida
"The prices are very affordable at this time in the condo and town home to Québec investors ," says the vice president of business development for RBC Bank in Fort Lauderdale, Alain Forget.
The strong Canadian dollar and weak combined with an extensive inventory of condos and townhouses interest rates currently play for Canadian investors in our southern neighbors.
Prices vary according to the tastes and financial means for investors. "Let's say it can vary between $ 60,000 and $ 2,000,000 . This is according to the will of the people. But prices are still between 35-40 % cheaper than those observed during the housing bubble of 2006 and 2007 , "says Forget.
For example, Wednesday could reach into the area of Lauderhill ( Broward ) on an existing two-bedroom condo with an area of 1,267 square feet overlooking a golf course and access to a swimming pool for less than U.S. $ 74 000 .
In the area of Boynton Beach ( Palm Beach), an existing building of 1,377 square feet with two bedrooms and two bathrooms was on sale for less than $ 160,000 U.S. .
Active Market
It must be said that in recent years the real estate market in Florida is consolidating , while very large developers are back in force .
Canadian investors are most active in Florida, while new players have emerged , including the Russians and Brazilians.
Price stability
Price stability observed since two years also helped boost investment in major real estate companies associated with strong fund U.S. and foreign pension in South Florida .
Here we see how real estate projects ( condo towers ) then unthinkable there are still 18 months in the market.
This is particularly the case in Sunny Isles, in the north of Miami, where developers offer a Porsche car to any purchaser of a new condominium in a 57-story tower located on the seafront A robotic elevator allows Moreover park up to four cars directly to the floor of his condominium at prices ranging between 3 and U.S. $ 9 million.
Data compiled by the Florida Realtors reported a median sale price of U.S. $ 129,000 ( up 23 % year on year ) in the second quarter of 2013 in the market for condos and townhouses for counties Palm Beach, Broward and Miami- Dade .
Cash
Over 13,605 real estate sales in the second quarter in these counties , 10,603 were by cash transactions . Vendors say and have obtained an average of 95 % of original price displayed.
At the end of June , there were 19,112 and condominiums and townhomes available in the market in the counties of Palm Beach , Broward and Miami- Dade, down 14 % compared to the same period last year (22 175 units).
Homework Before Buying
The steps leading to the acquisition of a property in Florida are not the same as those in Quebec. Some direct and indirect costs can easily make up the bill . " In Florida, the cash is king ," says Alain Forget RBC Bank , which advises future owners to be prequalified before taking action . Having in hand the amount of money to buy a house , then a prospective buyer becomes very attractive to a seller. No wonder the majority of transactions take place in cash in the counties of Palm Beach, Broward and Miami- Dade .
There is also a tax on every mortgage contracted in Florida. Some buyers prefer therefore mortgage their home in Quebec to finance their purchase in the United States . For example, getting a mortgage in Florida can take up to 45 days ( this is the norm ) , while in Quebec , this time is about a week , said the vice president of consumer services, area Quebec, the Royal Bank, André Labbé.
Other legal and financial aspects should also be taken into account, including inheritance Canadian side where the heirs of a person who has a home in Florida may have to pay hefty fees when you sell . Anyway , Mr. Labbé recommends prospective homebuyers in Florida sit with their financial advisor to carefully study the tax laws related to this type of investment .
The strong Canadian dollar and weak combined with an extensive inventory of condos and townhouses interest rates currently play for Canadian investors in our southern neighbors.
Prices vary according to the tastes and financial means for investors. "Let's say it can vary between $ 60,000 and $ 2,000,000 . This is according to the will of the people. But prices are still between 35-40 % cheaper than those observed during the housing bubble of 2006 and 2007 , "says Forget.
For example, Wednesday could reach into the area of Lauderhill ( Broward ) on an existing two-bedroom condo with an area of 1,267 square feet overlooking a golf course and access to a swimming pool for less than U.S. $ 74 000 .
In the area of Boynton Beach ( Palm Beach), an existing building of 1,377 square feet with two bedrooms and two bathrooms was on sale for less than $ 160,000 U.S. .
Active Market
It must be said that in recent years the real estate market in Florida is consolidating , while very large developers are back in force .
Canadian investors are most active in Florida, while new players have emerged , including the Russians and Brazilians.
Price stability
Price stability observed since two years also helped boost investment in major real estate companies associated with strong fund U.S. and foreign pension in South Florida .
Here we see how real estate projects ( condo towers ) then unthinkable there are still 18 months in the market.
This is particularly the case in Sunny Isles, in the north of Miami, where developers offer a Porsche car to any purchaser of a new condominium in a 57-story tower located on the seafront A robotic elevator allows Moreover park up to four cars directly to the floor of his condominium at prices ranging between 3 and U.S. $ 9 million.
Data compiled by the Florida Realtors reported a median sale price of U.S. $ 129,000 ( up 23 % year on year ) in the second quarter of 2013 in the market for condos and townhouses for counties Palm Beach, Broward and Miami- Dade .
Cash
Over 13,605 real estate sales in the second quarter in these counties , 10,603 were by cash transactions . Vendors say and have obtained an average of 95 % of original price displayed.
At the end of June , there were 19,112 and condominiums and townhomes available in the market in the counties of Palm Beach , Broward and Miami- Dade, down 14 % compared to the same period last year (22 175 units).
Homework Before Buying
The steps leading to the acquisition of a property in Florida are not the same as those in Quebec. Some direct and indirect costs can easily make up the bill . " In Florida, the cash is king ," says Alain Forget RBC Bank , which advises future owners to be prequalified before taking action . Having in hand the amount of money to buy a house , then a prospective buyer becomes very attractive to a seller. No wonder the majority of transactions take place in cash in the counties of Palm Beach, Broward and Miami- Dade .
There is also a tax on every mortgage contracted in Florida. Some buyers prefer therefore mortgage their home in Quebec to finance their purchase in the United States . For example, getting a mortgage in Florida can take up to 45 days ( this is the norm ) , while in Quebec , this time is about a week , said the vice president of consumer services, area Quebec, the Royal Bank, André Labbé.
Other legal and financial aspects should also be taken into account, including inheritance Canadian side where the heirs of a person who has a home in Florida may have to pay hefty fees when you sell . Anyway , Mr. Labbé recommends prospective homebuyers in Florida sit with their financial advisor to carefully study the tax laws related to this type of investment .
Tuesday, February 25, 2014
The real estate market in South Florida is booming
The real estate market in South Florida is booming in April.
The average price of an existing single family home in Miami -Dade County increased 23.7 percent to $ 225,000 in April from a year earlier, the Realtors Association of Miami. The average price of a condo in Miami -Dade rose 17.1 percent year on year, to $ 175,000 .
Sales of single family homes in Miami -Dade County increased 15.2 percent on year to 1.094 years . This increase in volume came despite a 6.9 percent drop in the number of houses available for sale in April, said the Association of Realtors Miami.
The number of closed transactions in existing condominiums in Miami -Dade County increased 18.7 percent over the previous year .
The number of condos that are for sale rose 1.1 percent in April from a year earlier , the Realtors of Miami said. However, the supply of existing condos in the Miami -Dade market was down 6.1 percent to 5.7 months in April from 6.1 months a year earlier , reflecting the greater number of sales.
"The steady increase in sales of homes and condos in Miami indicates that buyers and investors are moving quickly to acquire these properties , while supply levels remain historically low," said in a statement Natascha Tello , president of Miami Realtors in 2013. " After two years of record sales , along with a very tight supply , apparently not exceeding sales activity last year. However, it seems that real estate sales are on the rise in Miami again. "
Sales of houses and apartments in Broward County continued to show strong similar results.
The average price of an existing single family home in Broward rose 22 percent to $ 250,000 in April from a year earlier , according to Greater Fort Lauderdale Realtors.
The average price of condos and Broward rose 24 percent to $ 105,000 over the previous year , the group said .
Sales of single-family homes in April in Broward rose 11.1 percent from a year earlier to 1,316 closed transactions , despite a fall of 23.2 percent in listed for sale. Sales of condos and homes rose 5.8 percent in April to 1,664 closed transactions over the previous year .
" As the average housing prices continue to rise, existing homeowners are more comfortable with putting to list their homes and receive the sale price or an amount close ," he said in a statement Charles Bonfiglio , president of Greater Fort Lauderdale Realtors.
The existing single-family houses selling in Broward received 94.8 percent of the sales price in April, up from 91.6 percent a year earlier. Owners of homes and condos got 94.4 percent of the sales price in April, up from 91.6 percent a year ago , the Realtors group said .
The average price of an existing single family home in Miami -Dade County increased 23.7 percent to $ 225,000 in April from a year earlier, the Realtors Association of Miami. The average price of a condo in Miami -Dade rose 17.1 percent year on year, to $ 175,000 .
Sales of single family homes in Miami -Dade County increased 15.2 percent on year to 1.094 years . This increase in volume came despite a 6.9 percent drop in the number of houses available for sale in April, said the Association of Realtors Miami.
The number of closed transactions in existing condominiums in Miami -Dade County increased 18.7 percent over the previous year .
The number of condos that are for sale rose 1.1 percent in April from a year earlier , the Realtors of Miami said. However, the supply of existing condos in the Miami -Dade market was down 6.1 percent to 5.7 months in April from 6.1 months a year earlier , reflecting the greater number of sales.
"The steady increase in sales of homes and condos in Miami indicates that buyers and investors are moving quickly to acquire these properties , while supply levels remain historically low," said in a statement Natascha Tello , president of Miami Realtors in 2013. " After two years of record sales , along with a very tight supply , apparently not exceeding sales activity last year. However, it seems that real estate sales are on the rise in Miami again. "
Sales of houses and apartments in Broward County continued to show strong similar results.
The average price of an existing single family home in Broward rose 22 percent to $ 250,000 in April from a year earlier , according to Greater Fort Lauderdale Realtors.
The average price of condos and Broward rose 24 percent to $ 105,000 over the previous year , the group said .
Sales of single-family homes in April in Broward rose 11.1 percent from a year earlier to 1,316 closed transactions , despite a fall of 23.2 percent in listed for sale. Sales of condos and homes rose 5.8 percent in April to 1,664 closed transactions over the previous year .
" As the average housing prices continue to rise, existing homeowners are more comfortable with putting to list their homes and receive the sale price or an amount close ," he said in a statement Charles Bonfiglio , president of Greater Fort Lauderdale Realtors.
The existing single-family houses selling in Broward received 94.8 percent of the sales price in April, up from 91.6 percent a year earlier. Owners of homes and condos got 94.4 percent of the sales price in April, up from 91.6 percent a year ago , the Realtors group said .
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