Well hello to all, i wanted to share some of the last numbers ,that will give you a realistic picture of our current market.
R real estate prices in South Florida have fallen from their peak five years ago, with more than two-thirds of the 41,000 condo units and town homes for resale listed below $250,000, due to the lack of financing and problems with HOA
Of the 27,000 homes for sale in Miami-Dade, Broward and Palm Beach counties, 40 percent have an asking price below $250,000.this does present a great opportunities for buyers due to the great affordability factor
Broward County has the largest inventory of residential properties (13,655) avalible for resale below $250,000. Condos and townhouses account for 73 percent of Broward's overall inventory priced below $250,000, while single-family houses account for the remaining 27 percent, according to the report.
Miami-Dade County isn’t far behind, with 13,185 residential properties priced below $250,000. Condos and townhouses account for 72 percent, or 9,437 units, of the residential resale inventory available at prices below $250,000.
In Palm Beach County, there are 11,176 residences for resale below $250,000. Condos and townhouses represent 72 percent, or 7,996 units, of the available inventory priced under $250,000.
Nearly 80 percent of the 20,000 residences currently under contract in South Florida are priced below $250,000, according to the report.
In Broward, some 82 percent of the pending contracts are on properties listed for resale at a price below $250,000. In Miami-Dade, 78 percent of the contracts are on properties priced under $250,000. In Palm Beach, 74 percent of the contracts are on resales listed below $250,000, according to the report.
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