HENRI FRANK GROUP 

brokered by REMAX Preferred 

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What is the latest MARKET STATISTICS of the NATIONAL and

SOUTH FLORIDA REAL ESTATE MARKET

Below is the data of the number of units SOLD in South Florida, including Broward County (BC),

Miami-Dade County (MDC)  and Palm Beach County (PBC).

                                                                    September 2011                      September 2010

                                                                    BC   PBC   MDC    TOTAL       BC   PBC   MDC    TOTAL

Single Family Homes       SFH                1054  1071   865     2990           1175  854    885      2914

                                        Short Sales        261   187      198      646             293   191   201        685
                                        Foreclosures      249    48       212      509             333    25    371        729

Condominiums                  CONDO          1241  1079 1304    3624            1461  879   1403    3743

                                         Short Sales          299   187   446       932              355  204     364      923     

                                         Foreclosures        333     54   351       738              586   37      654     1277   

TOTAL UNITS                                             2295   2150  2169  6614           2636 1733  2288     6657

PENDING SALES    Single Family Homes                               9847

                                     Condominiums                                   12,606

SOUTH FLORIDA REAL ESTATE MARKET
Closed and Pending Sales Report September 2011

SOUTH FLORIDA REAL ESTATE MARKET
Closed and Pending Sales Report June 2011

written by Frank Vigliotti, Realtor of the Henri Frank Group
brokered by REMAX Preferred

July 8, 2011 - As an update to the SOUTH FLORIDA Real Estate market, we want to share this information. Frank Vigliotti, real estate agent and founder of the HENRI FRANK GROUP brokered by REMAX Preferred compiles this data from the South Florida MLS (multiple listing service) and gathers national sales data from the National Association of Realtors monthly statistical report prepared by NAR's Chief Economist Lawrence Yun.


South Florida in our statistical reporting is defined as Broward County, Miami-Dade County and Palm Beach County.
 

JUNE 2011 - South Florida Data

The market is somewhat sluggish with a -5.4% decrease in sales from the same time last year. That is significantly less than the National sales recorded at a -15.3% decrease in sales during May 2011.


The overall showings on the Henri Frank Group listings in June 2011 compared to June 2010 are down -8.2%. That indicator is important to sellers and shows less buyers are previewing properties.


The number of listings in our market is at a 9-month inventory compared to
a 12-month inventory in June 2010, indicating less homes are active and available at this present time. The amount of sellable inventory of Single Family Homes, Condo's, Coop, and Townhomes in South Florida are in-step with the National inventory.

The buyers in this market continue to respond to the price point of a property within the various categories that we list and sell. Telling us "PRICE, PRICE, PRICE" is the main determining factor of selling a property and getting SOLD.


Our experience with the listings that are being SOLD, the list price was near the actual selling price. One strategy of the Henri Frank Group brokered by REMAX Preferred is listing and setting the list price the high end of the Market Analysis and allow the buyer to place an offer near the comparative selling prices in the neighborhood. And that pricing strategy in some cases can work. There is a list of reasons why this pricing strategy is better to use. But in this current real estate market and based upon the statistical information I've gathered, that strategy is not nearly as effective as pricing your property perhaps 10% above the median or average market analysis price. This will attract more buyers, thus getting more exposure and a stronger probability of getting an offer and the end result, SOLD!


Questions or comments regarding this article, or additional stats, please email me at frank@henrifrank.com 

For more information on this topic and other Real Estate related Topics, please visit our website at   http://www.henrifrank.com

Listen to our radio show, The Real Estate Roundtable with Henri & Frank "LIVE" every Tuesday & Thursday morning at 8:30am on radio station WSBR, 740am or to listen to our radio archives on your iPhone, smartphone, laptop or desktop go to www.henrifrank.com/radio

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