South Florida Cities Find Silver Lining in Real Estate News

Click for Full Story

By Tania Valdemoro Longest
Miami-Dade and Broward leaders breathed a sign of relief last week when the latest figures showed that this year’s slide in property values was the smallest since 2008.In both counties, most municipalities showed decreases in values and there were still large drops in cities such as Homestead and Florida City, once the epicenter for a housing boom in Miami-Dade.But the numbers also pointed to some bright spots. In 10 Miami-Dade municipalities, including Pinecrest, Sunny Isles Beach and Key Biscayne, values rose slightly. The same could be said for 10 cities in Broward such as Parkland, Hallandale Beach and Plantation. The upswing will give some governments flexibility as they begin to craft new budgets for the next fiscal year starting Oct. 1st.For example, Key Biscayne property values rose 1.5 percent compared to last year. “This has given us a little more breathing room,” said Village Manager Genaro “Chip” Iglesias.The biggest gain in Miami-Dade was in Sweetwater, which saw a 262 percent jump in its tax base in 2011. The reason: the city annexed roughly two square miles of unincorporated territory in December. The area, which goes from Northwest Seventh to Northwest 25th Streets and from 107th Avenue to the Florida Turnpike extension, includes the Dolphin Mall.


About Pamela's Blog

Pamela Diaz-de-Leon With an accomplished background encompassing Diplomacy, Architecture, Business and Film, Pamela Diaz-de-Leon brings to the real estate industry the entrepreneurial expertise which stem from her interdisciplinary experience. Her world wide network of distinguished personalities carefully knitted of relationships formed in her five years as the Cultural Attaché for the Instituto Cervantes, serving the King of Spain, in Chicago, and her Hollywood connections acquired while working with a recognized film distributor, give her the global platform in which she has developed her business with great success. Knowledgeable, informed and organized she holds ethics and integrity as her highest values thus, providing her customers with an excellence of service that ensures their utmost satisfaction and their continued loyalty to her work. Office. 305.677.5055 Cell. 305.720.8439
This entry was posted in Miami Real Estate, Real Estate, Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s