Sunny Isles Beach Real Estate News: Miami-Dade Sales Up 33% in Five Months

Sunny Isles Beach Real Estate News

Miami-Dade Pending Real Estate Sales Increase 33% in Five Months

Sunny Isles Beach Real Estate News: Pending home sales increased nearly 5.2% in just one month, from 7,197 in July 2009 to 7,570 in August 2009 in Miami-Dade County as more buyers continue to take advantage of improved affordability conditions and the first-time home buyer tax credit according to the Realtor Association of Greater Miami and the Beaches (RAMB) and Southeast Florida Multiple Listing Service. All of the latest data continues support the local market recovery.

Pending sales of single-family homes rose 3.4% in August 2009 from the previous month, from 3,599 to 3,722. Pending sales of condominiums in Miami-Dade County rose 6.9% from 3,598 to 3,848.

In the last five months in Miami-Dade, pending sales of single-family homes rose 26.6%, while pending sales of condominiums increased 40.5%. The total number of pending sales increased 33.3% from March 2009 to August 2009. "The number of pending sales and closed sales has increased dramatically over the last year," said Rick Burch, RAMB Chairman of the Board. "Local, national, and international buyers have seized the opportunities our market offers."

In Broward County pending home sales increased 7.4%, from 6,242 in July 2009 to 6,705 in August 2009. Pending sales of single-family homes rose 4.8% in August 2009 from the previous month, from 3,141 to 3,291. Pending sales of condos in Broward County rose 10.1% from 3,101 to 3,414.

In the last five months in Broward, pending sales of single-family homes rose 30.1%, while pending sales of condominiums increased 48.8%. The total number of pending sales in increased 39% from March 2009 to August 2009.

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