Miami Real Estate: Florida Home Sales Jump 13% in October

 

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Tallahassee 
Florida existing home sales in October shot up 13 percent from a year ago as the median price fell, according to figures released Monday by Florida Realtors. Buoyed by lower interest rates and improved consumer confidence, sales increased in 17 of 19 metropolitan areas across the state, the association’s chief economist reported Friday. Median prices were off about 4 percent statewide, falling to $131,200 from $136,600 a year ago. Florida condominium sales were also strong for the month, with sales increasing 12 percent and median price climbing 7 percent from October 2010 figures. “These numbers, combined with reports from Realtors throughout the state, indicate that we’re seeing strong interest in purchasing Florida real estate from smart investors who are taking advantage of the current favorable market conditions,” said John Tuccillo, Florida Realtors lead economist. “These folks tend to have a long-term outlook and plan to hold onto their property purchases for a while.” Florida’s performance mirrored national trends, which saw sales increase 13.5 percent for the month while median prices fell 4.7 percent from October 2010, according to the National Association of Realtors. One encouraging sign was that the percentage of distressed homes sold fell to 28 percent last month, a 2 percent drop from a year earlier

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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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