Miami’s New Property Listings Contributing to Booming Housing Market

by Isaac Benmergui, Esq on September 19, 2013

Red$graph_cropThe numbers just keep getting better and better for Miami’s housing market. The number of new listings for single-family homes is up, sales numbers are up, and homes values continue to rise.

Double digit growth in sales for median priced single-family homes is a good sign that the middle class is able to buy homes again, although sales have also been up for high-end properties. The higher priced sales are mostly coming from international buyers looking for investment properties to cut their tax liability in their own countries.

In July there were 131 closed sales on single-family homes priced between $250,000 and $299,999, which is an increase of 138.2 percent from a year ago. At the next level above of homes priced at $300,000-$399,999, there were 128 sales, which demonstrated an increase of 88.2 percent from the prior year.

Getting Legal Help

The law offices of Isaac Benmergui can help you with your legal real estate needs; call 780-800-2510 or email Isaac@benmerguilaw.com for more information or to set up an appointment today.

 

 

 

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