Miami Real Estate: Miami Real Estate Enjoys Late Summer Spike

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by DQ News
Miami-area August home sales shot up 25 percent from a year earlier, the result of a relatively high number of business days this August and especially large gains in transactions below $200,000 and above $800,000. Price measures trended lower, with the overall median sale price dipping year-over-year for the 47th consecutive month, a real estate information service reported. In August, 9,638 new and resale houses and condos closed escrow in the metro area encompassing Miami-Dade, Palm Beach and Broward counties. That was up 9.3 percent from the prior month and up 24.9 percent from a year earlier — to the highest level for an August in five years, according to San Diego-based DataQuick. The firm tracks real estate trends nationally via public property records. On average, sales have fallen 1.8 percent between July and August since 1997, when DataQuick’s complete Miami-area statistics begin. August’s total sales fell 19.4 percent below the average August sales tally of 11,951 since 1997. However, that’s mainly because new-home sales remain unusually low as builders struggle with the weak economy and competition from the resale market, especially distressed sales. The resale market is faring much better: The number of resale single-family houses and condos sold in August was the highest for that month since 2005 and only 6.2 percent below average for the month of August since 1997.

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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
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