Miami, Fl, US – The Miami real estate market continues to strengthen compared to last year, the homes and condo/apartment prices are stabilizing and more buyers are acquiring properties in Miami.
The sales of single family homes increased 12% compared to august 2009 and 59% in condo/apartments.
The median price for a single family home in Miami decreased 6% to $182.000 compared to 2009 and the condominiums median price in august was $104.000, down 28% from last year.
Days in the market and inventory levels decreased, and this is a good sign that shows that the market it’s getting strong again. Inventory dropped 6% compared to last year and days in the market decreased 16.7% to 92 for single family homes and 19.3% for condominiums to 103 days, according to the Miami Association of Realtors.
Source: http://www.webwire.com/ViewPressRel.asp?aId=123981
The Criscitos has been selling South Florida luxury and commercial real estate for over a decade and has sold over $1 billion dollars of property. They work as a multi-lingual team speaking english, Spanish, Italian and Portuguese. They carved out a niche as a leading boutique real estate company with two distinct divisions -residential and commercial- both personally overseeing by Marcela and Anthony Criscito.
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