Sunny Skies Ahead for South Florida Real Estate

If you're a fan of our facebook page then you have seen all the great stats posted recently about the market picking up, prices increasing and consumer confidence rising.

Most recently we posted that there was a 7 percent year-over-year increase in prices, the first increase since 2007. Wow! It's fantastic to see that the bottom has come and gone and that South Florida Real Estate is recovering.

So what does this mean for sellers? It means that buyers are out there! And if you price your home right, it WILL sell.
And for buyers? It means that those "steals" are being snatched up quickly and "waiting around for the market to drop" is a sure way to have the current opportunities pass you by.

  • Broward's median price rose 7 percent from last April. It was the first year-over-year median price increase in Broward since October 2007 according to the Florida Association of Realtors
  • As reported in the Sun-Sentinel, Florida showed a 63 percent increase in statewide sales of existing condos in March compared to the previous year’s sales figure.
  • Pending sales at highest level since Oct. and a 21 percent rise from same month a year ago according to MSNBC