Sales of residential properties in Miami in Florida grows tenth consecutive month, as foreign buyers seeking to take advantage of low prices, writes the Property Ware . The latest report from the Miami Realtors Association shows that the average price of condominiums sales in Miami-Dade County has grown over 15 months increased by 36.2% compared with 2011 to $ 150 000. The cost of individual houses for the same period increased by 8.6% up to $ 190 000. This reflects a strong demand for local real estate. Foreign buyers and investors continue to play an important role in improving the performance of the Miami real estate market. Many also have an influence American "baby boomers", migrants from other states, the buyers of "second homes". The average home price for all housing types was $ 183,900 in September, is a 11.3% increase since September 2011, according to the National Association of Realtors (NAR). Total sales of real estate in Miami-Dade County decreased slightly by 3.4% compared with the previous year, when the local market experienced a record level of sales. Sales on the secondary market of condominiums in Miami-Dade County decreased by 6.7% from 1395 to 1302. Sales of single-family homes increased by 1.6% from 903 to 917 per year. Thus, after a successful 2011 Miami remains at a consistently high level of activity. "Foreign buyers continue to play an important role in the strengthening of the real estate market in Miami and the local economy in Miami today account for 31% of all international sales in Florida, an increase of 10% compared to 2011 year." - Said Patricia Delinois, President Association of Realtors Miami. Miami is a unique place in the real estate market, attracting both residents and foreign buyers unlike any other market in the country. This situation will continue to contribute to the strengthening of the local market and in the future. HomesOverseas.ru
