Friday, May 4, 2012

News to use for buying, selling, investing or just to know May 2012 In this Issue: The news sellers have been waiting for! Buyer bidding wars, seller price increases, S. Fla census outpaces nation, builders back for new construction. First up -- Knowledge is a powerful negotiating tool. Prices and market trends vary from neighborhood to neighborhood. Contact me for a real estate valuation consultation regarding the area where you want to buy or sell. For a market snapshot of your neighborhood delivered to your email inbox, go to and sign up for market snapshot for your Zip code PRICES AND PENDING SALES UP IN MIAMI DADE AND BROWARD COUNTIES Miami area home and condo prices increased for the 4th consecutive month according to my professional Board, the Miami Association of Realtors , which monitors area trends. Broward County real estate prices have increased 14 of the last 15 months, according to MAR. Inventory is lower than it's been since the boom with some areas showing less than a 6 month's supply, the standard for a 'normal' market. In Miami Dade County, pending sales, the number of residential properties that went under contract, increased in March over February, yet declined from March of last year [the opposite of nationwide as reported below]. Last year was a record breaking year in sales as people from all over the world took advantage of the large number of distressed properties for sale in South Florida. Pending sales increased in Broward County overall. There are just a fraction of distressed properties for sale as there were last year. MANY LISTINGS PRICED AT MARKET VALUE ARE BEGINNING TO GET MULTIPLE OFFERS, DRIVING SALES PRICES HIGHER ______________________________________________________________________________________________________________ Introducing the newest member of the Fein Team Natalia Abecasis, Realtor, joins the Fein Team at Prudential Florida Realty from EWM Realtors, also in Aventura. A native of Argentina and fully bilingual, Natalia moved to Aventura in 2008 after living in Massachusetts where she graduated from the Harvard Extension School with a Certificate in Management and later worked as a loan officer for a mortgage broker. Natalia has an international and regional network and has proven herself to be an invaluable asset in helping her clients buy and sell properties. She has a BA in Economics from the Universidad de Belgrano and a Certificate of Special Studies in Administration and Management for the Harvard Extension School. I am so excited to have Natalia join my team as I know she will be a tremendous asset to buyers and sellers with whom we work. _____ ______________________________________________ _________ __ _ 2010 US Census 2011 Update Shows Many Florida Cities Rebounding. How About Yours? Between 2010 and 2011, more than 90,000 people moved to the Miami-Fort Lauderdale-Pompano Beach area, a 1.7 percent increase and the sixth largest increase in the country as reported by the Florida Association of Realtors based on first revision to the 2010. I took a closer look at the changes to cities in the past decade to find population declines in popular cities like Miami Beach and Pinecrest and major increases in other popular cities like Aventura and West. Ask me how your city compares. From 2000-2010, the Florida census grew 17% since 2000, while US population grew less than 10%. Miami-Dade 10.8 % increase Broward Count 7.7% increase Aventura 41.5% increase Miami Beach .2% decrease Pinecrest 4.4% decrease Weston 32% increase Hollywood 1% increase _________________________________________________________________________________________________________________ In the Next issue of Fein Times in Real Estate -- Developers are back. Find out what's being built and where. If you know someone who will benefit from this e-newsletter, please feel free to forward this to them with my regards. To sign up for a copy of this enewsletter, email me at

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