{"id":19675,"date":"2009-04-30T18:29:34","date_gmt":"2009-04-30T22:29:34","guid":{"rendered":"https:\/\/www.ewmrealestate.com\/blog\/?p=19675"},"modified":"2019-04-23T20:56:17","modified_gmt":"2019-04-23T20:56:17","slug":"south-florida-home-sales-on-the-rise","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/south-florida-home-sales-on-the-rise\/","title":{"rendered":"South Florida home sales on the rise"},"content":{"rendered":"

I just read a good article in the miamiherald.com about home sales in South Florida.\u00a0 According to this article entitled, “South Florida home sales continue to rise<\/a>” South Florida Home sales in March rose by 47% in Broward County and a whopping 101% in Miami Dade County.\u00a0 That is the eighth consecutive month that both Miami-Dade and Broward counties have shown growth in the number of sales compared to the year before.\u00a0 According to this article, the rise in home sales can be attributed to three factors, low interest rates, falling prices and an $8,000 first-time homeowner tax credit.\u00a0 Condos and apartments sales are also rising, compared to the same time last year, condo and apartment sales rose by 59% and 28% respectively.<\/p>\n

Florida was one of few states to show an increase in home sales, nationally home resales were down by 7%.\u00a0 This is good news for home sellers as well as the real estate markets in both counties.\u00a0 The median price of a home in Miami-Dade County has dropped to $205,600, which is 39% lower than in March 2007.\u00a0 The average price of a condo in Miami-Dade County is down 43% to $151,000.\u00a0 In Broward County, the average home sale is down 30% to $219,500 and median condo prices are down 40% to $82,100.\u00a0 In the state, the average cost of a home is $141,300, down 30% from the year before and the median condo cost is $108,800, 37% less than the year before.<\/p>\n

Hopefully this downward trend has hit bottom, which would mean that homeowners can expect to not lose more of their homes’ values, however, there are still a good number of foreclosures on the market, which means we will probably need at least a few more months before we know for sure.<\/p>\n

Please click if you would like to read this article<\/a> in its entirety at miamiherald.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

I just read a good article in the miamiherald.com about home sales in South Florida.\u00a0 According to this article entitled, “South Florida home sales continue to rise” South Florida Home sales in March rose by 47% in Broward County and a whopping 101% in Miami Dade County.\u00a0 That is the eighth consecutive month that both<\/p>\n

Read More<\/a><\/p>\n","protected":false},"author":5567,"featured_media":130092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[],"yoast_head":"\nSouth Florida home sales on the rise - 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\/south-florida-home-sales-on-the-rise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Florida home sales on the rise - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"I just read a good article in the miamiherald.com about home sales in South Florida.\u00a0 According to this article entitled, “South Florida home sales continue to rise” South Florida Home sales in March rose by 47% in Broward County and a whopping 101% in Miami Dade County.\u00a0 That is the eighth consecutive month that bothRead More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ewmrealestate.com\/blog\/south-florida-home-sales-on-the-rise\/\" \/>\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=\"2009-04-30T22:29:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-23T20:56:17+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=\"EWM Realty International\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"EWM Realty International\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/south-florida-home-sales-on-the-rise\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/south-florida-home-sales-on-the-rise\/\"},\"author\":{\"name\":\"EWM Realty International\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#\/schema\/person\/f17af62356ac7272bbe5c3e6093c0eff\"},\"headline\":\"South Florida home sales on the rise\",\"datePublished\":\"2009-04-30T22:29:34+00:00\",\"dateModified\":\"2019-04-23T20:56:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/south-florida-home-sales-on-the-rise\/\"},\"wordCount\":302,\"publisher\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#organization\"},\"articleSection\":[\"EWM News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/south-florida-home-sales-on-the-rise\/\",\"url\":\"https:\/\/ewmrealestate.com\/blog\/south-florida-home-sales-on-the-rise\/\",\"name\":\"South Florida home sales on the rise - 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