{"id":16184,"date":"2009-03-04T21:52:57","date_gmt":"2009-03-05T01:52:57","guid":{"rendered":"https:\/\/www.ewmrealestate.com\/blog\/?p=16184"},"modified":"2015-04-08T17:24:44","modified_gmt":"2015-04-08T17:24:44","slug":"whats-in-store-for-south-florida-real-estate-in-2009","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/whats-in-store-for-south-florida-real-estate-in-2009\/","title":{"rendered":"What&#039;s In Store For South Florida Real Estate In 2009?"},"content":{"rendered":"<p style=\"margin: 0in 0in 0pt\">We are beginning to see positive signs that the real estate cycle is trending upward in South Florida. This is a result of foreclosures and short sales pushing prices downward, spurring more sales and reducing inventory.<\/p>\n<p style=\"margin: 0in 0in 0pt\">\n<p style=\"margin: 0in 0in 0pt\">If we look back on 2008 as the year of indecision, 2009 will be a year of bailouts and bank owned properties, which will propel real estate to start moving again.<\/p>\n<p style=\"margin: 0in 0in 0pt\">\n<p style=\"margin: 0in 0in 0pt\">In today\u2019s market, opportunities exist to purchase all types of housing at prices that we didn\u2019t think were possible two years ago. The median price of a condo in Miami-Dade County fell 46% from $275,000 to $150,000 in January 2009 from one year ago; and the price of a single family home fell 48% from $339,000 to $176,000 during this period.\u00a0 Home prices are now more in line with the median income levels of the Florida wage earner, making home ownership more affordable.<\/p>\n<p style=\"margin: 0in 0in 0pt\">\n<p style=\"margin: 0in 0in 0pt\">We are beginning to see signs of increased buying activity in the lower price category of homes listed below $300,000.\u00a0\u00a0 While inventories are decreasing in the higher priced ranges, we are seeing inventories increasing in the under $300,000 range, pushing prices further downward and causing an increase in buying activity.<\/p>\n<p style=\"margin: 0in 0in 0pt\">\n<p style=\"margin: 0in 0in 0pt\">In Aventura, condos listed under $300,000 make up 67% of all sales and 40% of the total inventory.\u00a0\u00a0 Condo sales were up 133% in January compared to a year ago in Aventura.\u00a0 We have a 22 month supply of inventory compared to a 41 month supply a year ago.<\/p>\n<p style=\"margin: 0in 0in 0pt\">\n<p style=\"margin: 0in 0in 0pt\">Where areas with heavy foreclosures will impact market values, we will need to search out the real values and it will be building and neighborhood specific.\u00a0\u00a0 Buyers need to check on the financial strength of the individual condo associations and HOA\u2019s when they are thinking of buying a home.<\/p>\n<p style=\"margin: 0in 0in 0pt\">\n<p style=\"margin: 0in 0in 0pt\">Today, cash buyers can find very good deals in Miami-Dade and Broward Counties with the help of a knowledgeable realtor.<\/p>\n<p style=\"margin: 0in 0in 0pt\">\n<p style=\"margin: 0in 0in 0pt\">Please click on <a title=\"Deena Landsman-Search Real Estate\" href=\"http:\/\/DeenaLandsman.com\/search.asp\" target=\"_self\">local real estate<\/a>, if you would like to search for homes in the local areas.<\/p>\n<p style=\"margin: 0in 0in 0pt\">\n<p style=\"margin: 0in 0in 0pt\">Deena Landsman is a professional realtor who specializes in residential property in the Aventura area and surrounding communities of Hallandale Beach, Hollywood and Sunny Isles Beach.\u00a0 Please visit\u00a0her website at <a title=\"Deena Landsman \" href=\"http:\/\/DeenaLandsman.com\/default.asp\" target=\"_self\">DeenaLandsman.com <\/a>for additional\u00a0 information.<\/p>\n<p style=\"margin: 0in 0in 0pt\">\n<p style=\"margin: 0in 0in 0pt\">Deena makes it a priority to give her clients the attention and sound business advice they need in order to make wise decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We are beginning to see positive signs that the real estate cycle is trending upward in South Florida. This is a result of foreclosures and short sales pushing prices downward, spurring more sales and reducing inventory. If we look back on 2008 as the year of indecision, 2009 will be a year of bailouts and<\/p>\n<p class=\"more-link\"><a href=\"https:\/\/ewmrealestate.com\/blog\/whats-in-store-for-south-florida-real-estate-in-2009\/\" class=\"themebutton2\">Read More<\/a><\/p>\n","protected":false},"author":5677,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[12161],"tags":[9,2117,2795,2847,67,5055,91,7027,9059,203,10211],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What&#039;s In Store For South Florida Real Estate In 2009? - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/whats-in-store-for-south-florida-real-estate-in-2009\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What&#039;s In Store For South Florida Real Estate In 2009? - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"We are beginning to see positive signs that the real estate cycle is trending upward in South Florida. This is a result of foreclosures and short sales pushing prices downward, spurring more sales and reducing inventory. If we look back on 2008 as the year of indecision, 2009 will be a year of bailouts andRead More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ewmrealestate.com\/blog\/whats-in-store-for-south-florida-real-estate-in-2009\/\" \/>\n<meta property=\"og:site_name\" content=\"BHHS EWM Realty\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/EWMRealtyInternational\" \/>\n<meta property=\"article:published_time\" content=\"2009-03-05T01:52:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-04-08T17:24:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ewmrealestate.com\/blog\/wp-content\/uploads\/2019\/06\/BHHS-On-Solid-Background.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"376\" \/>\n\t<meta property=\"og:image:height\" content=\"376\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Deena Landsman\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Deena Landsman\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/whats-in-store-for-south-florida-real-estate-in-2009\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/whats-in-store-for-south-florida-real-estate-in-2009\/\"},\"author\":{\"name\":\"Deena Landsman\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#\/schema\/person\/0c61e7c0290c2e598e914053f63059b0\"},\"headline\":\"What&#039;s In Store For South Florida Real Estate In 2009?\",\"datePublished\":\"2009-03-05T01:52:57+00:00\",\"dateModified\":\"2015-04-08T17:24:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/whats-in-store-for-south-florida-real-estate-in-2009\/\"},\"wordCount\":391,\"publisher\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#organization\"},\"keywords\":[\"Aventura\",\"buying activity\",\"condo\",\"condo sales\",\"Foreclosures\/ Short Sales\",\"Hallandale Beach\",\"Hollywood\",\"miami dade county\",\"residential property\",\"Short Sales\",\"Sunny Isels Beach\"],\"articleSection\":[\"Foreclosures &amp; Short Sales\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/whats-in-store-for-south-florida-real-estate-in-2009\/\",\"url\":\"https:\/\/ewmrealestate.com\/blog\/whats-in-store-for-south-florida-real-estate-in-2009\/\",\"name\":\"What&#039;s In Store For South Florida Real Estate In 2009? 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