Found 165 blog entries about Florida real estate.
Single Family Market Update: July's numbers show there were 6 closed Sales for single family homes for sale in Lauderdale By The Sea. The median sales price was $525,000 and the average sales price was $797,333. Sales volume totaled $4,784,000 for the monthy of July. The percentage of sales price as compared to original list price was 85.7%. The median time to contract was 118 days.
Pending Sales for single-family homes in July totaled 6. During the month, there were 6 new listings added to the total inventory of 22 homes for sale, with 4.5 months of inventory which indicates it's still a seller's market.
Condo-townhouse Market: During the month of July, there were 17 closed sales for townhouses and…
Single Family Market Update: During the month of July, there were 29 closed sales for single family homes for sale in Oakland Park. The median sales price was $300,000 while the average sales price came in at $338,807. The total dollar sales volume for the month of Juy was $9,825,400. The percentage of sales price as compared to the original list price was 92.6%. The median time to contract (the middle number of days from listing to contract las month was 71.
Pending Sales for single-family homes in July totaled 21. Last month there were 30 new listings added to the total inventory of 94 homes for sale. Months of inventory came in at 3.4 - which is a real estate market tilted towards sellers (six months is…
Single Family Market Update: For the month of July, there were 143 cosed sales for single-family homes in Fort Lauderdale. The median sales Price was $397,000 while the average sales price was $769,364. Total dollar Sales volume for the month of July was $110,018,985. The percentage of sales price as compared to the original list price was 91.9%. The median time to contract (middle number of days from listing to contract) In July was 97 days.
Pending sales during the month totaled 131. During the same time, there were 174 new home listings with a total single family inventory of 679. Months of inventory was at 5.7 months (six months is considered a balanced market).
Condo-Townhouse Market Update: In July…
In a recently released 2019 Survey of Consumer Expectations Housing Survey by The Federal Reserve Bank (The Fed), 65 percent of Americans hold the belief that home-ownership is a good, solid financial investment for increasing net worth. The percentage of folks holding this belief increased by over nine percent since 2014.
Diving deeper into the survey looking at age, education, income and area of the country, the survey found more than 55 percent of folks in each category view owing a home as a good investment.
Interestingly, the results of this survey compare with a recent Gallup survey, which showed that real estate was considered the top choice for the best long-term investment when…
Inventory of homes for sale has increased month over month since June of last year. And, typically every spring and summer we see an inventory increase because people want to sell their home, sometimes due to being in a new home for the beginning of the school year.
If you are considering selling, these 4 tips may help you find a home buyer quickly:
1. Make buyers comfortable and feel like they are home
De-clutter! remove and pack all personal items like photos, awards, and items of sentiment. Remove you from the house and allow buyers to envision themselves living in the home. As reported in the Profile of Home Staging by the National Association of Realtors®, "83% of buyers' agents said staging a home made it…
The Federal Reserve administers its Survey of Consumer finances every three years. Information is gathered by researching across all economic and social groups. The most current report dates from 2013 thru 2016.
The report shows that the median net worth of a homeowner is $231,400 - a 15% increase since 2013. Over the same period, the median net worth of renters decreased by 5% ($5,200 currently as compared to $5,500 in 2013). This research shows a homeowner's net worth is more than 44 times greater than that of a renter.
As in past posts, owning a home is a form of "forced savings." With each mortgage payment, you are adding to your net worth by increasing the amount of equity…
Many questions about the real estate housing market focus on current home prices and where they are trending. To answer these questions, we can turn to the most current Home Price Expectation Survey (HPES).
Quarter 2 - 2019 survey results are as follow:
What Does This Mean?
A significant amount of family wealth is comprised of home equity. As the home's value increases, the home's equity increases as well.
Using predictions from the HPES Survey,…
The Current real estate market boasts higher home values, low interest rates, and increased buyer demand. All of these conditions point to the robust market predicted to go on for the remainder of the year.
One area that may cause a slow down is a diminishing supply of housing inventory. Demand from buyers typically increases during the summer months, however, the supply of properties is not keeping up with the demand.
Below are a few insights from industry experts:
Chief Economist at National Associations of Realtors (NAR), Lawrence Yun says, "An imbalance persists for mid-to-lower priced properties with strong demand and insufficient supply, which is consistently pushing up home prices."
First American Chief Economist Mark Fleming says,…