By Paul Owers, Sun Sentinel After six years of historic price declines, South Florida’s housing market has hit bottom. So says Zillow.com, a Seattle-based real estate website that reports home values aren’t just stable but rising in Miami-Dade, Broward and Palm Beachcounties. Prices in South Florida reached their low point at the end of [...]
Fort Lauderdale Real Estate News
April 27, 2012
Broward pending sales rise in March
The total number of residential listings that pended in March rose 7.3 percent compared to the same period in 2011, according to data from the Miami Association of Realtors. There were 4,421 listings of single-family homes and condominiums that pended during the month. “We continue to see historically strong home sales activity that is driving [...]
April 26, 2012
S. Fla. home sale prices increase
Housing market on the mend Author: Jacey Birch, jbirch@Local10.com SUNSHINE RANCHES, Fla. – South Florida’s housing market is on the mend, and the proof is in an increase in home sale prices. The properties are being picked off quickly, but at a price. “As long as everything is working properly, we are good to go,” [...]
April 25, 2012
Fort Lauderdale / Miami # 5 in the Top 10 markets for rising ‘Zestimates’
Top 10 markets for rising ‘Zestimates’ Zillow estimates of home values up from Q4 in 70 of 165 markets By Inman News, Tuesday, April 24, 2012. Inman News® Location: Miami-Fort Lauderdale, Fla. Quarter-over-quarter home value change (%) 2.7% Year-over-year home value change (%) 1.1% Zillow Home Value Index $141,300 [...]
April 24, 2012
Broward condo prices rise 7.1 percent
Broward County condominium sales prices rose for the 14th time in 15 months in March, up 7.1 percent over the same month in 2011, according to a report from the Miami Association of Realtors. The median sales price for condos in March increased to $75,100, while the median sales price of single-family homes jumped 8 [...]
March 30, 2012
Broward County pending sales up 53 percent
The total number of listings that pended in Broward County during February jumped 53 percent, according to data from the Miami Association of Realtors. There were a total of 3,902 single-family homes and condominiums that pended last month, up from 2,555 such properties in February 2011. “February pending home sales in Broward County point to [...]
March 28, 2012
Home Prices Have Been Rising for Three Months: Report
03/27/2012 By: Carrie Bay Standard & Poor’s reported Tuesday that it’s closely watched Case-Shiller index declined in January for the fifth straight month, with both the 10-city and 20-city composite readings slipping 0.8 percent from December. But according to John Burns Real Estate Consulting (JBREC), that’s stale news and doesn’t reflect what’s actually happening in [...]
March 28, 2012
Greater Ft. Lauderdale Home Prices Continue to Rise, Aided by International Cash Buyers
Michael Gerrity, WPC According to the Miami Association of Realtors, the median sales price of single-family homes in Greater Ft. Lauderdale area (Broward County) was $180,000, up eight percent compared to February 2011. The median sales price for condominiums increased 12 percent to $75,000 compared to a year prior. Broward County condominium prices have increased [...]
March 22, 2012
Broward County condo prices rise 12 percent
The median sales price of Broward County condominiums rose 12 percent in February, compared to the same month in 2011, according to data from the Miami Association of Realtors. Condo prices in Broward County have increased in 13 of the last 14 months, according to the MAR. The median sales price of single-family homes rose [...]
March 8, 2012
Home Affordability Index Reaches Record-High Level
Home affordability has reached the highest peak since 1970, which is when the data was first recorded, according to National Association of Realtor’s (NAR) housing affordability index. The index rose to 206.1 in January, and an index of 100 is defined as the point where a median-income household has exactly enough income to qualify for [...]