http://dalesnyder.net/ Dale Snyder of the Snyder Group at Keller Williams Realty Las Vegas talks about the most current inventory statistics for the Las Vega…
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Hello. I’m Max Katz Broker / Owner of the Baja Real Estate Group and today I will share with you a our snapshot of the real estate market in Baja for 2011 an…
Dallas, TX (PRWEB) August 12, 2013
The affluent suburb of Southlake, located just about 25 miles northwest of the heart of Dallas, is home to more than 27,000 residents who all take pride in one exemplary quality this city continues to demonstrate: greatness. For some, that greatness takes place in the form of the eight-time state champion Carroll High School football team, and for others it manifests itself in the fine architecture and unparalleled quality of life in comparison with other Dallas-area suburbs. Most recently, greatness for Southlake homeowners has come in the form of the 2013 real estate boom, which has treated the citys home values extremely well, especially in the past few months.
Prudential Texas Properties reports that an August 5 market analysis from California-based real estate tracker Altos Research saw the median home list price for Southlake homes at a whopping $ 849,500. This is by far the highest seven-day average that Southlake has seen for the nearly three years that Altos has on record, and is up more than 23 percent from where it was at the beginning of 2013 when it was at roughly $ 650,000. Whats more, this number has been skyrocketing ever since April and has shown little signs of letting up.
Watch a 60-second Southlake home market update.
Numbers that see appreciation this drastic over such a short period of time beg for some speculation, and those interested in buying or selling [Southlake Texas homes might rightly question if there is an ample data pool to draw from to make sure these numbers are truly reflective of the Southlake market. But with more than 200 properties currently listed in the area, it would appear that Southlake home values really are that amazingly hot. Beyond that, even the more reliable 90-day average for Southlake homes is up dramatically from the beginning of the year, with a six-figure increase following a similar trend as the 7-day average.
And as for that Southlake inventory, while the amount of Southlake homes for sale are up slightly from the beginning of the year, the 202 properties currently on the market is a number that has been dropping since June when it was closer to 225. Additionally, days on market (DOM) for Southlake homes are down vastly, with the current DOM of 116 down from more than twice what it was at the beginning of the year, according to the Altos report.
Southlake is one of the most sought-after dwelling spaces in the entire North Texas area, says DD Flynn, VP of Marketing with Prudential Texas Properties. And with the amazing ripple effect that the Dallas real estate boom has had on neighboring communities, its no wonder that a community as desirable as Southlake is this highly in-demand.
Miami, FL (PRWEB) August 09, 2013
The Miami real estate market continues to strengthen as a result of record demand, fueled by both domestic and international buyers and investors, as increased supply remains insufficient to satisfy demand, according to the 29,000-member MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) systems.
Inventory Levels in Lower Price Points Continue to Decline
Second quarter active listings in Miami-Dade County totaled 13,151. At the current sales pace, this reflects 4.9 months of inventory for single-family homes and 5.8 for condominiums. Months supply of inventory declined 15.9 percent for single-family homes and increased 2.6 percent for condominiums compared to the second quarter of 2012.
The Miami real estate marke t continues to attract significant demand from both domestic and international buyers and investors, said 2013 Chairman of the Board of the MIAMI Association of REALTORS Natascha Tello. Second quarter statistics reflect a strengthening market with limited supply, surging sales, and a majority of cash transactions, mostly as a result of the presence of foreign buyers in Miami from worldwide markets.
In the second quarter, inventory of single-family homes decreased 3.1 percent with the greatest percentage decreases occurring for properties listed under $ 200,000.
In Miami-Dade, condominium inventory increased 2.6 percent in the second quarter. For condos only inventory listed below $ 200,000 decreased, with properties listed below $ 50,000 declining a significant 63.5 percent and listings between $ 50,000 and $ 100,000 decreasing 37.6 percent.
Median and Average Sales Prices
In the second quarter, the median sales price for condominiums in Miami-Dade County was $ 180,000, an increase of 18.4 percent year-over-year and 11 percent compared to the previous quarter. The median sales price for single-family homes rose 21 percent to $ 205,650 in the second quarter compared to the second quarter of 2012, and 9.4 percent compared to the first quarter of 2013.
Year-over-year, the average sales prices for single-family homes and condominiums increased 14.2 percent to $ 446,289 and 14.9 percent to $ 352,246, respectively.
Nationally, the median sales price of existing single-family homes was $ 203,500 in the second quarter, up 12.2 percent from the second quarter of 2012, according to the National Association of Realtors. The national median sales price for condominiums was $ 199,700, a 12.2 percent increase over the previous year. The statewide median sales price for single-family existing homes in the second quarter was $ 170,000, up 14.1 percent from the same quarter a year ago. The median sales price for condominiums in Florida was up 16.7 percent compared to the same quarter last year at $ 129,000.
Home Sales Continue to Exceed Record Levels
Following two consecutive record-breaking years, the Miami real estate market appears to be headed towards another record year. Miami-Dade residential sales including existing single-family homes and condominiums spiked 13.6 percent in the second quarter, from 7,228 to 8,214, compared to a year earlier and 27.2 percent compared to the previous quarter. In the second quarter, Miami sales of existing single-family homes increased 19.5 percent compared to a year earlier. The sales of existing condominiums increased 8.9 percent compared to the second quarter of 2012.
We are experiencing robust sales activity throughout Miami-Dade County and in all price ranges except for properties listed under $ 100,000, said 2013 MIAMI Association of REALTORS Residential President Fernando I. Martinez. The low end of the market is seeing decreased sales due to a depletion of inventory. As our prices recover, we are also seeing fewer new listings in the lowest price points. In this sellers market, properties that are priced right are selling very rapidly and generating multiple offers.
Statewide closed sales of existing single-family homes totaled 63,173 in the second quarter, up 14.7 percent compared to the year-ago figure. Closed sales of condominiums totaled 31,829, up 7.9 percent compared to 2012.
Nationally, total existing-home sales, including single-family and condos, rose 2.4 percent to a seasonally adjusted annual rate of 5.06 million in the second quarter from 4.94 million in the first quarter, but were 12.3 percent above the 4.51 million pace during the second quarter of 2012.
Majority of Sales All Cash
In the second quarter, 62.6 percent of all closed sales were all cash compared to 65 percent a year ago. All cash sales were 44.7 percent of single-family home closings and 75.8 percent of all condominium sales. Since nearly 90 percent of foreign buyers pay cash, this reflects Miamis position as a top market for foreign buyers.
2Q Miami-Dade Statistical Reports
Single-Family Homes
http://www.miamire.com/docs/monthly-market-reports/miami-dade-county_single-family-homes_2013-q2_summary.pdf?sfvrsn=6
Condominiums
http://www.miamire.com/docs/monthly-market-reports/miami-dade-county_townhouses-and-condos_2013-q2_summary.pdf?sfvrsn=4
Note: Statistics in this news release may vary depending on reporting dates. MIAMI reports exact statistics directly from its MLS system.
About the MIAMI Association of REALTORS
The MIAMI Association of REALTORS was chartered by the National Association of Realtors in 1920 and is celebrating 93 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of four organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, and the International Council, it represents more than 29,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local association in the National Association of Realtors, and has partnerships with more than 100 international organizations worldwide. MIAMIs official website is http://www.miamire.com/.
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FORT LAUDERDALE, FL (PRWEB) July 04, 2013
The median sale price of existing single-family homes in Broward County rose 22.6 percent to $ 255,000 in May from $ 208,000 in May 2012, which continues to be supported by a rising demand for housing as reflected by the year-over-year 28.2 percent drop in months supply of inventory and the 25.6 percent decline in median days on market for existing single-family homes, according to statistics released today by the Greater Fort Lauderdale Realtors
Phoenix, AZ (PRWEB) February 28, 2013
There is no easy way to search for homes within the local multiple listing system (ARMLS) that contain those now very desirable genes of modernism from famed architects such as Blaine Drake, Alfred Beadle, Ralph Haver or Paolo Soleri amongst others: there is no search for modern, modernism, mid-century modern or modernist
To solve this problem the team at inPhoenix Realty Group scours the MLS every few days, by hand to locate properties that conform to the modernist style and those from modernist architects. These homes, town-homes, condos and the occasional multi-family property are deposited in a section dedicated to showing only these properties.
In addition there is a selection of videos showcasing neighborhoods such as Paradise Gardens and Three Fountains or specific modern homes that the group has sold for clients.
Several neighborhoods are featured and more are being added. These include Marlen Grove, Windermere and The Boardwalk.
The modern homes in Phoenix for sale section is exclusive to inPhoenix.com. The team takes the time to select these homes by hand out of the thousands of homes for sale, making it easier to find that perfect modern home.
An additional section has also been created to showcase modern contemporary properties, since these too are difficult to find through the regular search methods. These sleek homes have their own featured section.
For additional information about modernism in Phoenix visit the modern homes in Phoenix section or the modern contemporary section to view newer modern homes.
inPhoenix Realty Group is a select group of REALTORs providing real estate services mostly in the urban central areas of Phoenix and Scottsdale, Arizona.
Contact:
Artur Ciesielski
inPhoenix Realty Group
HomeSmart
602-492-8004
