For an average family to purchase a home in June, it would have to devote 15.7% of its gross income to mortgage-principal and interest, well below the 25% many experts recommend.
Did you know that more Americans signed sales contracts to buy homes in June than in May, which marks the 5th consecutive month of increases.
SIB and Aventura Hot Sheet Pre-Foreclosure and Short Sale Listings for under $150,000. Updated daily!
Sunny Isles Beach Real Estate Data
In a year-to-year comparison, the median home sales price in Sunny Isles Beach increased by 11.8% in the beginning of August, or $42,000, and the number of home sales increased 76.8%.
Number of homes currently for sale:
Total = 1153
Single Family Homes = 31
Condos And Townhouses = 1101
Price per square foot of house space:
Median = $386
Minimum = $89
Maximum = $4,705
List Price:
Median = $429,000
Minimum = $500
Maximum = $12,900,000
Days on market:
Median = 159 Days
Minimum = 1 Days
Maximum = 1,736 Days

30-year fixed-rate mortgage (FRM) averaged 5.22 percent with an average 0.6 point for the week ending August 6, 2009.
Brosda & Bentley RealtorsTM is the premier Miami Real Estate authority for home buying, home selling, financing and property listings. Give us a call today (786) 406-1757 to buy, list, market and sell your Miami home.

Miami Real Estate News - Pending Homes Sales Up in July
Miami-Dade pending existing home sales rose by 4.95 % in July or 3, 599 properties. Pending condo sales jumped 7.98 % or 3.332 units.
In Broward County pending existing home sales rose by 5.16% or 3,141 properties in July. Pending condo sales where even higher percentagewise than in Miami-Dade with 9.22 % or 3,101 units.
Pending homes sales are predicted to close within two month, not all pending sales close, however.
(786) 406-1757

Miami Beach News
Shiller from the Case-Shiller Index stated last week: "Home price declines end and then nothing happens for several years, the 'L-shaped' recovery".
Condo Short Sales in Sunny Isles Beach, Aventura, Miami Beach (SOBE), Florida. Call now (786) 406-1757 or review our list. Click here!
Sunny Isles Beach Short Sales, Aventura Short Sales, Bal Harbour Short Sales, Miami Beach Short Sales for under $150,000.
Miami Real Estate News - 5,241 condos sold in Florida compared to 3,771 condos in June 2008
In Florida's year-to-year comparison for condos, 5,241 condo units sold statewide compared to 3,771 condo units in June 2008 for a 39 percent increase. Existing condo sales last month rose 8.3 percent over the total units sold in May.
Interest rates for a 30-year fixed-rate mortgage averaged 5.42 percent last month, down significantly from the average rate of 6.32 percent in June 2008, according to Freddie Mac.
Existing home sales rose 28 percent last month with a total of 15,850 homes sold statewide compared to 12,339 homes sold in June 2008. Florida existing home sales in June increased 13.8 percent over May's statewide activity.
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