Miami sales numbers indicate solid footing amid pandemic effect

Home sales in Miami-Dade County — along with luxury transactions, median prices and dollar volume — were all up in March compared to a year ago, according to the MIAMI Association of Realtors.

March sales for Miami condos priced from $300,000 to $400,000 increased 44.2% year over year; sales of single-family homes priced from $400,000 to $600,000 increased 22.8% year over year; and sales of single-family homes priced at $1 million and up jumped 17.1% year over year.

Home prices were also up in March, with the media increasing from $352,250 in March 2019 to $382,750. This represented the 100th consecutive month that prices have increased. Read More: https://miamiagentmagazine.com/wp-content/uploads/2020/04/Mia-web.jpg

Miami Home Sales Increase Again in March 2020 Miami-Dade County total home sales, luxury transactions, median prices and dollar volume increased year-over-year in March 2020, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. “The Miami real estate market extended its run of solid expansion through March 2020,” MIAMI […]

Residential sales across South Florida were up in Miami-Dade, Broward and Palm Beach in October, with condo closings rising roughly 20 percent in each county.

Increases in both home sales and median prices last month were due in part to heightened demand spurred by concerns of rising interest rates, according to the Miami Association of Realtors.

Miami-Dade

Residential closings rose nearly 15 percent year-over-year in Miami-Dade County to 2,284, marking the fourth consecutive month of sales increases. Condo closings jumped 21.3 percent to 1,211, with the bulk of deals occurring in the $150,000 to $400,000 range.

Sales of single-family homes increased 8.1 percent, up to 1,073. The majority of deals were for homes in the $250,000 to $600,000 range. Overall sales volume totaled $949 million in Miami-Dade. Read more here:The Real Deal Miami

Pordes Residential is taking over sales of a boutique townhouse development in Bay Harbor Islands as it nears completion.

Land Developers Group hired the brokerage to handle the remaining nine townhomes, which is about 64 percent of the 14-unit Palm Villas project at 9870-9880 East Bay Harbor Drive. It launched sales in 2016, and has only sold five townhouses since then.

Over the past year, Pordes Residential was also brought in to take over sales and marketing by the project developers of KAI Residences, 101 Bay Harbor and Bijou Bay Harbor, all in Bay Harbor Islands.

The brokerage, led by Mark Pordes and Adam Kaufman, plans to reach out to buyers in the Northeast and Canada.

“The market in general has been a little slow, but there definitely are sales here,” Kaufman said. Read more here:The Real Deal Miami