Real Green Trends

We will rebuild, said President Obama. Real Estate sales increase.

Optimism is contagious. And in these times, I join the ranks of those who see the glass half full.

Today, our company’s President, Ron Suffield, attended our weekly meeting and he presented us the Facts and Trends sheet for the Real Estate Activity in Miam-Dade county and especially for the Aventura area – both for condos and homes.

And in a certain sense the information was  forthcoming.

If we compare what happened in the first quarter of 2008, to the first quarter of January 09, we see the following:

The month supply of condos was reduced from 57 months to 31 months.There was a 55% increase in sales

If we want to become more specific:

The month supply for condos between  $150,000 – $300,000 went from 43 months supply to 21 months supply.

87 Condos sold

For Condos in the $300,000 – $500,000 price range, the month supply went from 65 months to 53 months.

If we want to translate this to everyday language.

Condos are selling and buyers are out there finding great deals. This is also a great time for first home buyers with the incentives and tax credit benefit.

So, as President Obama said, we will rebuild.  And when the figures above couple with an optimistic approach the result is a very positive attitude that will help us whether this storm and realize that we can still make money even in hard times.

Please, leave share your thoughts we me …

This entry was posted on Wednesday, February 25th, 2009 at 8:29 am and is filed under Aventura Condo Buildings, Bank Owned Properties - Foreclosures. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. Mortgage Mods said at April 10th, 2009 at 11:34 pm

   Finally someone who can write a good blog ! I loved your post and will be telling others about it. Subscribing to your RSS feed now. Thanks

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