Tagged : mls

Found 5 blog entries tagged as "mls".

Miami Luxury Real Estate Scores High Median Sales Prices

The Median Sales Price for Miami Luxury Real Estate increased greatly in first Quarter 2015 as compared to same period last year. The Median Sales Price for residential homes priced in excess of 1 million was $1.7 Million; which represents an increase of more than 6 percent as compared to January - March 2014, where the median price was $1.6 million. Luxury Miami Condos also saw a 13.3% increase in the Median Sales Price of $1.7 million, versus just 1.5 million during the same quarter last year.

Miami was recently ranked 7th (out of 10) most important global cities that matter to the wealthy according to the latest Knight Frank Wealth Report. with New York City ranking #1. 

With warm

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Mortgage Rates Rise Again After Fall

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates increased last week after falling the week before. Mortgage rate increases were seen across all loan categories including 30-year fixed-rate mortgages with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate mortgages.

The rate increase caused a drop in demand for mortgage loans, with both the refinance and purchase index falling from one-week earlier. Refinance activity, which is most sensitive to rate fluctuations, fell 5 percent, while purchase activity was down 4 percent.

Despite the drop, however, demand for loans to buy homes for sale and

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New Home Sales Up!

Recent housing data has given potential home buyers and sellers plenty of reason to feel encouraged, with many industry analysts forecasting a good summer season following strong spring gains. Now, according to new estimates from the U.S. Census Bureau and the Department of Housing and Urban Development, sales of newly built, single-family homes have added to the optimistic news.

In fact, new home sales beat economists' expectations in May, rising 2.2 percent above April's revised rate and 19.5 percent above last year. The improvement brought new home sales to their highest level since February 2008. Combined with the recent spike in sales of previously owned homes, the data is another sign that the housing market's rebound is

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Home Sales Up In May

In May of this year, sales of previously owned homes increased 5.1 percent and are presently 9.2 percent higher than they were for the same period last year, according to new estimates released by the National Association of Realtors®. Lawrence Yun, chief economist for NAR, says home sales are now at their highest pace since November 2009. “Solid sales gains were seen throughout the country in May as more homeowners listed their homes for sale and therefore provided greater choices for buyers,” Yun said.

As the numbers indicate, the total number of homes available for sale across the country increased 3.2 percent in May, which should help moderate price increases and provide better purchase opportunities for buyers in the

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Waterfront Homes In Fort Lauderdale - January 2014

January sales for waterfront homes for sale in Fort Lauderdale totaled 34 sales as compared to 25 sales same time last year. The Median Sales Price for a waterfront home in Fort Lauderdale in January was $1,100,000 up 154% from January 2013.  Properties lasted on average 127 days on the market before selling.  

Waterfront Homes    January 2014   January 2013   2014 Year YTD   2013 All Year  
Total Homes Sold   34   25  83 376 
Median Sales Price $1,270,000  $715,000  $1,100,000  $943 
Average Sales Price $1,388,000  $896,000  $1,468,000  $1,338,000 
Sales / List Price % 92  90  90  90 
Sales / Orig List % 85  86  88  87 
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