“Foreign buyers, long credited with breathing life into Florida’s real estate market, spent $10.71 billion during the year ended June 30, accounting for 19 percent of total residential sales volume, according to a study by Florida Realtors.” (Miami Herald 08/28/12)
Read more here.
Inventory is going down and Prices are going up. This is today’s market in South Florida.
Demand for homes grew faster than the inventory of homes for sale in July.
South Florida has become a multicultural area. New constructions are selling fast.
For more information about Real Estate, please do not hesitate to contact me at 305-4954243 or e-mail at [email protected]