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  

Condominiums                                 12,177  

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.

http://henrifrank.com/real-estate-news/september-2013-sales-south-florida-real-estate

**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.