Miami Market Poised to Hit Record Sales

by Isaac Benmergui, Esq on November 14, 2011

With home sales up 46 percent and condo sales up 58 percent in September, Miami’s real estate market is skyrocketing compared to a year ago. If it reaches the expected 29,000 transactions by year’s end, it will break sales records and overshadow the sales volume of the 2005 housing boom.

International buyers are a large part of the sales, and 90 percent of them pay in cash; so no mortgage lending is necessary. Average prices are on the rise and inventory, including those homes and condos coming to market from foreclosure, may not be able to keep up with demand.

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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