Bridgepoint Townhomes Miami Year Built: 1984-1988 Total Units: 112 Floors: 2 Beds: 1-3 Baths: 1-3 Condos Sq.Ft. Range: 1,455 – 2,240 Bridgepoint Miami Amenities: – Pool – Spa – Tennis Court – 24hr Security – Gym – Walled-in Community –
Submitted by Lynda Fernandez
Miami, FL – Miami home prices rose again in September, marking 10 consecutive months of appreciation, according to the 26,000-member MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) system. The median sales price of Miami-Dade condominiums, which has increased each of the last 15 months, rose 36.2 percent to $150,000 compared to a year earlier. The median sales price of single-family homes rose 8.6 percent to $190,000.
“The Miami real estate market continues to strengthen despite the shortage of housing inventory,” said 2012 Chairman of the Board of the MIAMI Association of REALTORS Martha Pomares. “We’ve seen nearly an entire year of significant monthly price increases, which makes now a great time to sell a home. Miami properties sell very quickly and draw multiple offers when priced right.”
In September the average sales price for condominiums in Miami-Dade County increased 30.2 percent to $277,774. The average sales price for single-family homes decreased 6.1 percent to $315,521.
Florida Statewide Home Prices
Statewide median sales prices in September increased 7.4 percent to $145,000 for single-family homes and 18.8 percent to $105,376 for condominiums, according to data from Florida Realtors Industry Data and Analysis department and vendor partner 10K Research and Marketing. The national median existing-home price for all housing types was $183,900 in September, an 11.3 percent increase from September 2011, according to the National Association of Realtors (NAR).
Miami Home Sales Rise Again in September
Total residential sales in Miami-Dade County
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Wynwood Art Walk The Wynwood Art Walk has such good energy. Last Saturday evening the streets were filled with people taking in the art on the walls and in the galleries. The graffiti artists have created a stunning display in
FNC’s latest Residential Price Index™ (RPI) indicates that U.S. property values continue to rise. Home prices reached a 20-month high following a robust spring/summer homebuying season. In August, home prices rose for the sixth consecutive month, consistent with signs of strengthening market conditions that are led by rising existing-home sales and declining foreclosure activities. Foreclosure sales, down from 23 percent a year ago to 17.4 percent in August, continue to play out favorably on current price trends.
Nationwide, August home prices – based on recorded sales of non-distressed properties (existing and new homes) in the 100 largest metropolitan areas – were up at a seasonally unadjusted rate of 0.3 percent from the previous month. On a year-over-year basis, home prices rose 1.5 percent from August 2011. Year to date, home prices were up nearly 5.0 percent from January.
FNC’s RPI is the industry’s first hedonic price index built on a comprehensive database that blends public records of residential sales prices with real-time appraisals of property and neighborhood attributes. As a gauge of underlying home value, the RPI excludes sales of foreclosed homes, which are frequently sold with large price discounts reflecting poor property conditions.
All three FNC RPI composites (the National, 30-MSA, and 10-MSA indices) show similar up-trend, rising month-to-month for six consecutive months since March. There are signs that the upward momentum subsided somewhat in August, with the two broader indices up only 0.2-0.3 percent from July. On a year-over-year basis, home prices nationwide strengthened
You probably saw Monday’s JAB post about my new historic listing in Schenley Park. I’ve gotten such good feedback about it which makes me happy, reminding me there are still people who appreciate the uniqueness and charm of these “old”
Peloro Miami Beach Year Built: 2014 est. Number of Floors: 7 Number of units: 115 Sq. Ft. range: 635-2,268 Beds: 1-3 Baths: 1-3 Peloro Miami Beach Condo Amenities: – Secured Entrance – 24 hr Security – Pool – Spa –
One of my clients is having an estate sale this week end, Oct. 20th and 21st at 7720 SW 141 Street. Sale is organized by An Estate of Mine by Susan, Inc. Everything must go! It’s a treasure trove of nice
This is no ordinary rental!
Beautifully renovated, centrally located 4br, 4ba home with 3892 sf and a view of Blue Lake. New granite Italian kitchen, nice bathrooms, 24 x 24 ceramic tile floors, high ceilings, lots of natural light and a spacious master suite with
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