Monday, November 10, 2014

South Florida home prices and weather cool in 3rd quarter

Posted on November 10, 2014 by Rory Mark Schmer from South Florida


During 2013 we saw home prices and sales soar! The Real Estate Market completely shifted from a buyers to a sellers market giving the homeowner the advantage during negotiations. Investors flocked and began buying properties with the idea of leasing them out. 


In 2014 Broward County saw home sales rise 1% from July through September. The median price for existing homes was $281,500, a 3% increase from a year ago. According to the Greater Fort Lauderdale Realtor Association. Click here for the Local weather. 


Palm Beach County saw an 18 percent increase in sales. The median price of $273,263 was down less than 1 percent from the 3rd quarter of 2013. John Tuccillo a chief economist said in a statement "The housing market has settled into a stable pattern of activity that is reminiscent of the market before the craziness of the last few years,". 
  
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Considering buying, selling or renting Real Estate here in Miami-Dade, Broward or the Palm Beach Counties? We have resided here in South Florida for 45 plus years. Conducting Real Estate on a very high level! Making friends and building relationships.

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