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

Colombia topped the Miami Association of Realtors’ April list of countries searching the web for Miami homes in April.

Colombia has led the ranking for 12 of the last 17 months, including in March. Behind Colombia were Brazil and Venezuela, three prominent buyer pools of South Florida real estate. Real estate agents and brokers are reporting renewed interest from wealthy Brazilian buyers after a roughly two-yeat retreat.

Last year, Colombian and Brazilian homebuyers made the third-most international purchases in South Florida with a 10 percent share, according to the report. Buyers from Venezuela represented 15 percent, while Argentina came in at No. 2 with 11 percent.

Check out the top 10 list of countries looking for Miami homes in April:

  1. Colombia
  2. Brazil
  3. Venezuela
  4. Argentina
  5. Canada
  6. India
  7. United Kingdom
  8. Spain
  9. France
  10. Dominican Republic

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