Broward Real Estate Market Shows Prices on the Rise

by Isaac Benmergui, Esq on May 11, 2012

Although staying current with the up and down real estate market conditions of South Florida can be confusing with some experts saying the market is coming back and others stating it’s still in flux, numbers don’t lie.

The Miami Association of Realtors is touting healthy price increases as the sign the market is definitely in recovery. Homes prices rose 8 percent to $180,009, and condos rose 7 percent to $75,100, from last year. The number of sales of single-family rose slightly, by 2 percent, while condo sales were down 15 percent.

Although people are either still shy about buying a home in this economy, or unable to qualify for a mortgage, rising prices indicate the market is getting healthier by the week.

Getting Legal Help

Before you sign on the dotted line to buy your new property, give the law offices of Isaac Benmergui a call. You need someone to look over the terms of the sale and make certain you get free and clear title to your property. Sall 780-800-2510 or email Isaac@benmerguilaw.com for more information or to set up an appointment today.

 

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