Waterfront homes are a popular purchase in Florida where the population grows by around 1,00…
September 2013 Sales South Florida Real Estate
BC = Broward County, PBC = Palm Beach County, DC = Miami Dade County
Written by: Frank Vigliotti, Realtor, Henri Frank Group at RE/MAX Preferred
The real estate sales statistics for September 2013 for the South Florida region have been gathered. Each month we study the number of transactions closed and take it a step further, examine the number of closed sales which are short sales and those that are foreclosure, REO sales. This allows us, as listing agents, to help our sellers makes more accurate decisions in pricing their properties by taking a close look at the volume of single family homes and condominiums sold.
These sales statistics are not solely dependent upon the list price as there are other factors, but these numbers add a perspective to the other information we gather, like the Comparative Market Analysis which takes a close look at what other properties sold in the neighborhood of the subject property being considered for sale.
We also prepare this report to compare month over month sales and sales year over year. Many times the results can indicate an upcoming trend of Real Estate sales and help our buyers as well. Are more properties being sold, leaning the market favoring sellers? Are the number of properties being sold less than previous months, giving an indication to our buyers the tone of the market.
By breaking down specific regions, the counties of South Florida like Palm Beach County, Broward County and Miami-Dade County, we can see which of the areas are more active than the others. Tracking the number of short sales sold and foreclosure, REO properties sold by County will tell us which regions have more distressed properties than the others.
Single Family Homes [SFH] BC PBC DC TOTAL
1198 1044 1095 3337
SFH –SHORT SALE 191 144 224 559
SFH – FORECLOSURES 137 125 210 472
Condominiums [CONDO] BC PBC DC TOTAL
1233 1019 1333 3585
CONDO – SHORT SALE 170 96 160 426
CONDO – FORECLOSURES 203 151 321 675
TOTAL PROPERTIES 2431 2063 2428 6922
ALL SHORT SALE 361 240 384 985
ALL FORECLOSURES 340 276 531 1147
PENDING SALES South Florida Region as of 9-30-2013
Single Family Homes 11,680
TOTAL PENDING SALES 23,857 (this number may vary)
Visit our REAL ESTATE NEWS BLOG for this article and past articles about the National and Local Real Estate Market in Fort Lauderdale, Wilton Manors, Oakland Park, Miami, South Beach Miami and Boca Raton.
**Prepared by: Frank Vigliotti, Realtor®, CDPE, ABR, PA of the Henri Frank Group, brokered by REMAX Preferred in Wilton Manors, Plantation, Hillsboro Beach and Fort Lauderdale, Florida
**Data provided by RAGFL MLS – these numbers are believed to be true and accurate but not warranted. Properties sold in South Florida not reported through the MLS are not included in this report.