Miami FL Real Estate Market Trends - August 2011
A number of research studies have shown that home ownership provides social and societal benefits. Not only is home ownership one of the best ways to build long-term wealth, providing resources for a more comfortable retirement, but it also fosters an immeasurable sense of community and stability vital to growing families.
NAR’s "Social Benefits of Homeownership and Stable Housing" report reveals that home owners are happier and healthier. They tend to vote more, volunteer more and contribute more to their neighborhoods. Home owners do not move as frequently as renters, which encourages more neighborhood stability, and children of home owners are more likely to participate in organized activities and spend less time in front of the television.
Now take a look at how the Miami FL real estate market performed in August.
Miami FL Real Estate - Single Family Homes Sales August 2011
|
Date |
New |
Sold |
Average |
Y-to-D |
|
August 2011 |
906 |
503 |
$207,239 |
$201,870 |
|
August 2010 |
1,246 |
508 |
$208,545 |
$214,963 |
|
% Change |
-27.3% |
-1% |
-.6% |
-6.1% |
Miami FL Real Estate - Condo/Coop/Townhouse/Villa Sales August 2011
|
Date |
New |
Sold |
Average |
Y-to-D |
|
August 2011 |
1,023 |
572 |
$157,882 |
$154,273 |
|
August 2010 |
1,473 |
636 |
$144,461 |
$160,259 |
|
% Change |
-30.5% |
-10.1% |
+9.3 |
-3.7% |
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The Prestige Properties Team has over 30 years of real estate experience from the US to Canada and speaks seven languages including English, Spanish, Polish, German & Russian. We are a woman owned minority business that does extensive community outreach. We are viewed by ourselves and others as a shining example of an unstoppable team that others are drawn to. We seem to grow and excel beyond all expectations and we value each other and support each other both professionally & personally.
The Prestige Property Team is a leader in the South Florida real estate market. The team assists buyers looking for Miami real estate for sale and aggressively markets South Florida homes for sale. They are also Certified Distressed Property Experts (CDPE), committed to helping families in financial hardship find options to foreclosure. For more information you can visit EllenHelpsHomeowners.com.
You can reach the Prestige Property Team by calling 954-292-6412 or email.
Statistics furnished by the Miami Realtors Association.
