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Didn’t we say that real estate is local?

lifeguard yellow

Well, recent news continue to support this statement:

What happened to the sale of Miami condominiums during the month of April?

Sales of Miami condominiums increased by 94 percent in April, compared to the same period in 2010, according to the Miami Association of Realtors. There were a total of 1,404 condo sales in April, compared to 723 in April 2010.

What about sales of single-family homes in Miami?

They rose 40 percent in April.

Who is buying?

Well, according to the Miami Realtors Association, 60 percent of closed resales were international sales, along with 90 percent of new construction sales.

When I talk to my colleagues, we all agree that inventory is shrinking; and this is very encouraging  because the market is outperforming expectations.

Most buyers come from Brazil,Venezuela, Argentina and other Latin American countries.

Another reason why I started this blog saying that real estate is local,  is because we have a very distinctive market which attracts international and domestic buyers who are looking to purchase either vacation or second homes.

When you are looking to sell or buy your Miami Beach home or condo, you want to work with someone who will guide you through a smooth sailing. As a top producer I will assist you. Contact me  now.

Tomato University Graduate Real Estate Tomato