The U.S. Census Bureau recently released population numbers for Aventura, Florida.
According to the report, Aventura has grown by more than 41 percent since 2000, from 25,267 to 35,762.
Continue reading to learn more about what the recent Census revealed about Aventura, and what it means for interested South Florida home buyers. Continue reading
Over the last couple of years, South Florida has gained a reputation for its many foreclosed homes. But recent data suggests that that reputation is becoming increasingly inaccurate.
Foreclosures in South Florida dropped by more than 50 percent during the first quarter of 2011 when compared with that same period in 2010.
The greatest drop in foreclosures was seen in Broward County.
Statewide, foreclosures rates dropped by 32 percent year-over-year in the first quarter.
There have been steep and steady decreases in foreclosure filings in South Florida since last fall, suggesting that the real estate market is recovering.
Here’s an overview of each of the three South Florida Counties:
While it’s true that foreclosures are not viewed as a positive thing by interested South Florida home sellers, they can be a great opportunity for South Florida home buyers.
After all, South Florida foreclosures drive down home prices, which creates a South Florida home buyer’s market.
There truly are some great deals to be found on the South Florida real estate market right now.
But as foreclosures continue to decrease, home prices are expected to begin to rise again as we are already seeing in the market today. Especially in many waterfront communities.
Thus, if you’re thinking about entering the South Florida real estate market as a South Florida home buyer, now is a great time to do so!
Contact me, Scott Patterson, today and I’ll let you know about available listings in the area as well as answer any questions you might have.
I’ll also provide you with a number of helpful South Florida home buying resources, including:
Until next time,
Scott
The recognition was part of a larger report completed by the Federal Reserve in which they said the economy is expanding fairly steadily in most of the country, although some regions are showing negative growth.
Continue reading to learn more about the Federal Reserve’s predictions for the national economy as well as how South Florida home owners will be affected.
Although much of the South has demonstrated slowed growth, Florida actually stood out for its home resale market.
The report noted that Florida home sales are doing remarkably well and keeping at a pace that’s enviable. Real Estate market’s are very area specific and development specific, 31% of Florida sales are cash transactions but South Florida has a far higher percentage of cash transactions due to the higher number of International Buyers.
The report also found that leading economists predict that the national economy will expand at about 2.7 percent a year.
Have you been thinking about entering the South Florida real estate market as a South Florida home seller?
As a South Florida real estate expert, I will put together an aggressive marketing plan to ensure that we sell your home at the best price possible in as little time as possible.
To learn more about how I help South Florida home sellers, check out some of my FREE South Florida home selling resources, including:
Until next time,
Scott
Here in Aventura, Florida, interested South Florida home buyers have plenty of residential communities from which to choose.
From waterfront high rise condos to tranquil single-family neighborhoods, there’s something for every interested Aventura home buyer.
Today I’d like to tell you a little bit about the Aventura condo known as Peninsula I. This incredible waterfront condominium features units ranging from 3,000 to 4,000 square feet, with prices starting at about $700K and can run upwards of $2 million.
Peninsula Amenities
In addition, residents at Peninsula I also have access to such services as concierge and security services.
One look at the current state of the Aventura real estate market further illustrates how highly desirable a condominium unit at the Peninsula I truly is, below is some current data gathered from the Multiple Listing Service.
If you’ve been thinking about investing in a South Florida condominium, I suggest you check out the Peninsula I in Aventura.
This South Florida condominium community offers its residents nothing but the finest when it comes to amenities and services.
Check out all of the helpful South Florida home buying resources. These include:
Until next time,
Scott
The MIAMI Association of REALTORS recently released some data that describe the current state of the South Florida real estate market.
One of the group’s biggest conclusions was that Broward housing inventory has fallen below a six month supply. Keep in mind this is averaged out for all price ranges, however when it’s broken up in different price range categories from like $1-2 Million, or $2-3 Million and up the picture is much different as there are more month’s supply, in other words the the higher the price range, the more inventory there currently is.
For example today in Broward County we have approximately 83 months supply of single family homes over 3 million dollars and less than 4 months supply for single family homes less than 300,000.
The group found that inventory of residential listings in Broward County fell by 27 percent – or from 20,143 in May 2010 to 12,742.
Comparatively, total housing inventory nationally only fell by 1 percent.
This is great news for interested South Florida home sellers. After all, as there become fewer homes there are on the South Florida real estate market, demand for South Florida homes will inevitably rise.
When demand for South Florida homes rises, South Florida home sellers will have more bargaining room when it comes to selling their South Florida home.
Here’s some additional data that the MIAMI Association of REALTORS recently released:
If you’ve been considering selling your South Florida home, now is a great time to do so!
As the inventory of South Florida homes for sale continues to decrease, South Florida home sellers will have more of a say when it comes to setting a sales price.
As a South Florida real estate expert, I’ll be happy to walk you through what I can do for you as a South Florida home seller.
This includes answering any questions you might have, developing an aggressive South Florida marketing plan for your home, and providing you with such South Florida home selling resources as:
Until next time,
Scott
For months I have been telling you about how Brazilian nationals have been spurring activity on the South Florida real estate market by investing in South Florida homes for sale.
Now it appears that another group of foreign nationals are finding South Florida real estate increasingly attractive: Mexicans.
According to a recent article in the Miami Herald, Mexicans find that South Florida is a safe place to invest their money outside of their home country, where violence has steadily increased over the years.
While Mexican nationals have historically invested in properties in border cities such as El Paso and San Diego, an increasing number of Mexicans are investing in South Florida, specifically Miami.
By some estimate, Mexican investors have invested about $30 million in the South Florida real estate.
And according to the Commerce Department’s international trade administration, Mexicans made a direct investment of $31 billion in the United States in 2008.
Most experts attribute the surge in Mexican nationals investing in the United States to the violence that is occurring across the border.
Since the Mexican president Felipe Calderon launched a war on drug cartels in late 2006, more than 40,000 Mexicans have been killed in the fighting.
Consequently, the United States has issued an increasing number of visas to Mexicans. Between 2007 and 2009, the number of visas for Mexican investors grew from 15,000 to 21,000.
In 2009, about 250 Mexicans were granted asylum in the United States.
As a South Florida real estate expert, I have years of experience working with international buyers.
If you’re thinking about relocating to South Florida from another country – or from another part of the United States – then contact me, Scott Patterson.
I’ll help make navigating the South Florida real estate market exponentially easier with my exclusive South Florida home buying tools. These include:
Until next time,
Scott
Brazilian nationals investing in the South Florida real estate market is making national news, as evident by a recent article by Bloomberg.
According to the article, Brazilian currency has developed a 45 percent gain against the United States dollar since 2008.
And while the United States economy grew by 2.3 percent between April 2010 and March 2011, the Brazilian economy (which is the largest in Latin America) grew by 4.2 percent.
This means that South Florida real estate has become increasingly attractive for international buyers – and this is great news for interested South Florida home sellers.
For several months now, the number of Brazilian nationals investing in the South Florida real estate market has steadily grown as these international buyers search for deals on vacation homes and property investments.
The effects of this on the South Florida real estate market have been tremendous:
It’s easy to see why Brazilian home buyers are flooding the South Florida real estate market when one considers the current state of the Brazilian real estate market:
Meanwhile, homes in the Miami area are selling for about 51 percent less than they did during the peak of the housing boom – which was in late 2006.
All of the activity being generated by Brazilian nationals on the South Florida real estate market is great news for interested South Florida home sellers.
This activity is creating demand that is giving South Florida home sellers some bargaining room when it comes to sales price.
In order to capitalize on the momentum that Brazilians are creating on South Florida’s real estate market, you’ll want to work with a South Florida real estate expert who knows how to effectively market your South Florida home for sale.
Contact me, Scott Patterson, your South Florida real estate expert, today and I’ll let you know how I can get you the best price on your South Florida home in as little time as possible.
To get things started, feel free to browse all of the helpful South Florida home selling resources I provide to South Florida home sellers. These include:
Until next time,
Scott
Several South Florida cities saw increases in their property values in 2010, according to a recent article in The Miami Herald.
Although property values for both commercial and residential real estate are still down in Miami-Dade and Broward counties for 2010, they’re still doing considerably better than in 2008 or 2009.
According to the most recent data:
According to most South Florida real estate analysts, the recent numbers suggest that the South Florida real estate market has weathered the worst of the recent housing bust, but a complete recovery might not be for several months or even years.
Now is actually a fantastic time to invest in South Florida real estate.
Why? Because South Florida home values are still fractions of what they used to be before the South Florida housing bubble burst.
Thus, South Florida home buyers have the opportunity to get a great deal on a piece of South Florida real estate before prices start climbing.
If you’re interested in investing in South Florida real estate, then contact me, Scott Patterson.
As your South Florida real estate expert, I’ll answer any questions you might have about the South Florida real estate market as well as tell you about all of South Florida neighborhoods, including:
Until next time,
Scott
The Related Group, a prominent Miami-based developer, plans to break ground on six new high rise condominiums in the next year, according to a recent article in the Miami Herald.
The development group recently created a new partnership with Miami-based marketing firm International Sales Group.
The partnership, now called Related ISG, plans to market the six new condominiums to international buyers, particularly those living in Latin America.
According to the article in The Miami Herald, Related ISG’s strategy is to focus on those buyers who invest with nothing but cash. The company hopes such investments will help pay for much of the construction costs upfront.
Although most of the details about the projects are unknown, the developer did provide locations of the proposed six condos:
Although the South Florida real estate market has struggled with a number of homes underwater as well as a large inventory of unsold condominiums, Related ISG said that the high demand for South Florida real estate by Latin American investors as well as recent strong condo sales justify the company’s plans.
And according to one estimate, buyers will pay as much as 80 percent of the purchase price before the building has ever been completed. This minimizes the risk that these new condominiums will go into foreclosure, said spokespeople from Related ISG.
Now is a fantastic time to do so!
Contact me, Scott Patterson, today to talk with me about all of the luxury condominiums in the various South Florida communities, including:
Until next time,
Scott
I recently read a rather interesting article in The Palm Beach Post that discussed the record-breaking affordability on South Florida homes for sale.
Evidently, affordability on Palm Beach County homes for sale reached a new high during the first quarter of 2011.
Palm Beach County isn’t the only county that’s enjoying this record-breaking affordability. Broward County as well as Miami-Dade County are also experiencing fantastic affordability on their homes for sale.
There is a lot of data on the South Florida real estate market that illustrate just how affordable South Florida homes are right now:
So what exactly is causing this great affordability in South Florida? A few factors are at play right now, including:
And even though home sales have picked up in recent months, it hasn’t caused prices to rise like they did during the housing boom a couple of years ago.
This is great news for South Florida home buyers looking for a deal on the South Florida real estate market.
There’s never been a better time to be a South Florida home buyer. With record low interest rates and low South Florida list prices, there’s a good chance that you’ll find an amazing deal on a South Florida home for sale.
As a South Florida real estate expert, I am experienced working in several of the area real estate markets, including:
Until next time,
Scott
