New York, NY (PRWEB) November 06, 2013
Leasebreak.com, the new short term rental solution, is pleased to announce sponsorship of The Real Estate Board of New Yorks (REBNY) Fall 2013 Rental Summit, Expanding Your Rental Business Through Listings. This sold out event will be held at REBNY headquarters this Thursday November 7th.
REBNY is the real estate industrys leading trade association with over 13,000 members. Their educational seminars are some of the best the real estate industry has to offer.
We are sponsoring this event because we support REBNY and the educational events they champion for the brokerage community. We also want to raise awareness for our newly launched resource, leasebreak.com, where agents and brokers can find and post short term rentals on behalf of their clients, said Phil Horigan, Founder and CEO of Leasebreak.com.
About Leasebreak.com
Founded by Phil Horigan, Leasebreak.com is a groundbreaking tool used to match those renters looking for a short term rental with those tenants looking to exit their rental lease early (with landlord approval). The short term NYC rental market is notoriously difficult for renters. Separately, NYC tenants often have a very difficult time finding someone to take over their leases. This website solves both of these problems simultaneously by creating an efficient marketplace where these two groups of people can find each other. Given the initial market acceptance and success in the NYC market, Leasebreak.com is planning to expand to other regions in the near future.
Miami, FL (PRWEB) September 18, 2013
Miamis booming housing market in July was driven by robust growth in the sales of homes, condos and town houses valued $ 200,000 to $ 399,000 and the over $ 600,000 range along with a significant increase in the new listings of properties over $ 400,000, according to the 30,000-member MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) system.
The double-digit growth in the sales of mid-range single-family homes, condos and town houses is driving Miamis robust real estate market, said 2013 Chairman of the Board of the MIAMI Association of REALTORS Natascha Tello. The fact that we are seeing such strong growth in the listings of both mid-range and high-end real estate is further evidence that there has never been a better time to invest in Miami. We are a vibrant community and our soaring housing market will be the backbone of Miamis continued economic prosperity and success.
Growth in Miami Single-Family, Condo and Townhouse Sales
Sales of Miami single-family homes valued between $ 250,000 and $ 299,999 drove Julys historic housing rally with 131 closed sales, an increase of 138.2 percent from the previous year. Moreover, there were 128 sales of $ 300,000 – $ 399,999 homes in Miami, an increase of 88.2 percent from July 2012.
Meanwhile, 154 condos and townhouses ranging from $ 200,000 to $ 249,999 were sold, up 60.4 percent from 2012. The 100 luxury condos and townhouses sold at $ 600,000 to under a $ 1,000,000 represented the largest sales increase with a surge of 63.9 percent compared with July 2012 figures.
We continue to see great demand for Miami properties in all price ranges, but a decline in available listings in the lower prices ranges is limiting sales under $ 100,000, said 2013 MIAMI Association of REALTORS Residential President Fernando I. Martinez. The lack of low-end supply is due to rising prices, which have steadily seen double-digit increases over the last two years. The rise in sales of mid-range properties is a result of pent-up demand.
Strong Growth in New Listings in the $ 400-599k Range
The Miami market has experienced robust sales activity for nearly three years, yielding strong appreciation consistently during the last two years. As a result, sellers who were waiting to recover equity have recognized that now is a great time to sell. Despite the uptick in new listings, supply remains insufficient to satisfy demand, particularly in the lower price points.
Condo and town houses make up 59 percent of all Miami property listings. Of the 2,838 condos and townhouses listed last month, the 344 valued between $ 400,000 and $ 599,999 increased 82 percent compared to July 2012. The second fastest growing group of newly listed townhouses and condos were the 338 valued $ 150,000 to $ 199,999, which saw a 63.3 percent growth from the previous year.
Of the 1,948 single family homes listed last month, there were 232 whose asking price ranged from $ 400,000 to $ 599,999, an increase of 81.3 percent from 2012. Notably, there were 169 new listings for single family homes over $ 1,000,000, up 53.6 percent from last Julys 110.
July 2013 – Miami-Dade Statistical Reports
Single-Family Homes
http://www.miamire.com/docs/monthly-market-reports/miami-dade-county_single-family-homes_2013-07_summary.pdf?sfvrsn=2
Condos and Townhouses
http://www.miamire.com/docs/monthly-market-reports/miami-dade-county_townhouses-and-condos_2013-07_summary.pdf?sfvrsn=2
Note: Statistics in this news release may vary depending on reporting dates. Statistics reported by MIAMI are not impacted by NARs rebenchmarking efforts. 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 30,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local Realtor association in the U.S., and has partnerships with more than 100 international organizations worldwide. MIAMIs official website is http://www.miamire.com.
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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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