Miami-Dade Real Estate Sees Boom

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HOT
Miami
Real Estate
What You Need To Know About The Current Market
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Miami-Dade hit record high numbers in overnight
visitors in 2013, with 14 million people
exploring the cities and beaches. There is no
question that Miami is hot, but lets explore
Miamis real estate market for those who want to
stay for more than just a night or two.
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From May 2013 to May 2014, we have seen the
average sale price increase by 3.8. Also, it is
a market for picky buyers, who want to shop
around for that perfect Miami-Dade townhouse.
The the percentage of active listings increased
by thirty-six in the same time period. The 2014
market looks to stay strong.
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While the number of closed sales and the median
sale price have risen steadily since 2010,
total inventory has significantly
lowered. Recovering from the hit of a poor
economy and a flooded housing market, buyers
are once again showing interest and trust in
the real estate industry.
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Compared to May of last year, we see a 24.2
increase in median sale price on
Foreclosure/REO, with a 7.8 increase on closed
sales. Short Sale closed sales dramatically
dropped 62.5, while the median sale price
increased 10.6.
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The U.S. market is seeing a boom in
international buyers, with an estimated total
of international sales hitting a high of 92.2
billion from April 2013 to March 2014,
according to the National Association of
Realtors. Florida sales accounted for 23 of that
total higher than any other state.
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It is no wonder 28 of realtors have reported
working with international clients this year
with these alluring conditions drawing
abroad buyers to the U.S. market
Favorable exchange rates Rising affluence
abroad Economic stability
Affordable prices
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Miami-Dade is a hot spot for international
buyers, with the county offering a slice of real
estate to meet the needs of just about any buyer.
According to the 2014 Profile of International
Home Buying Activity Report, 13 of international
buyers prefer to purchase in a resort area,
nearly a quarter buy in an urban area or central
city, and almost half choose properties in the
suburbs.
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Contact Us
Since 2011 Decorus Realty has been meeting the
high demand for exceptional real estate expertise
and service in South Florida. Decorus offers a
multitude of services so you dont have to go
anywhere else.

• Luxury Real Estate
• Commercial Investments
• Property Management

• Legal Services
• Asset Management
• Financial Concierge services

Please visit decorusrealty.com for more
information.
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Resources
Tourism Statistics http//www.miamiherald.com/2014
/02/26/3961532/miami-tourism-hit-record-numbers.ht
ml Miami-Dade County Real Estate
Statistics https//www.miamire.com/docs/default-so
urce/monthly-market-reports/miami-dade-county_town
houses-and-condos_2014-05_summary.pdf?sfvrsn2 In
ternational Buyers Statistics http//www.worldprop
ertychannel.com/north-america-residential-news/for
eign-home-buyers-international-home-buyers-nar-for
eign-buyers-report-2014-profile-of-international-h
ome-buying-activity-miami-real-estate-news-steve-b
rown-8345.php
Image Attributions
All images provided by decorusrealty.com, except
for the following Slide 2 - Miami Lifeguard
Station http//www.freeimages.com/photo/730406
Slide 8 - Miami Marina http//www.freeimages.com
/photo/305801 Slide 10 - South
Beach http//www.freeimages.com/photo/688859