South Florida’s luxury market is rebounding
Friday, October 9, 2020
SOUTH FLORIDA LUXURY REAL ESTATE ON FIRE!
(Featuring insight fromMaster Brokers Forum member Mike Pappas, https://www.miamiherald.com/news/business/real-estate-news/article246316610.html)
3rd-quarter sales of existing homes skyrocketed by 65.2% for single-family houses and by 18.2% for condos
Miami-Dade/Broward have 8 months supply of single-family homes (a dramatic decrease over the 21-month supply of September 2019)…In terms of condos, the two counties together have 30 months of supply now versus 44 months
Buyers are coming from New Jersey, Connecticut, New York and California