WELCOME - and DECEMBER MARKET DATA
to all new readers and to all regulars from my ModernSouthFlorida-blog.
I moved the blog over to this site since keeping the two sites – blog and website – under one roof makes much more sense then in two different houses. A bit like two teenagers: easier to keep them in line and on track.
As soon as there is a blog-import feature by this site's host (spring 2011), all previous bog-posts will be moved over here. Until then, you can read them here.
So off we go, with the riveting December market statistics for homes in the Southeast Florida market:
THE OVERALL HOUSE MARKET
Single family home numbers for December are rather tame (or lame), after a little bit of a firework in early and mid-summer last year.
Highest median selling prices in 2010 were recorded in March at $210,233. That is 11 percent above year's close, which itself was nearly the same as the median January selling price.
Median asking prices last year dropped by 15 percent, and the end may not be here yet. Inventory fluctuated between 9 and 14 months, ending in December at 9 months with 26,826 homes for sale, but a strong absorption of 2,977 houses.
THE MODERN HOMES MARKET
An interesting development continues in the market* for modern homes - it moves around like a pesky mosquito:
Questions, comments? I'd love to hear from you!
(*Please remember that these data are for observed sales only, but still, they continue a trend observed for several months now).
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Tobias Kaiser works as an independent real estate broker and consultant in Florida since 1990. Always putting his clients' interest first, he specialises in modern Florida homes and architecture, as well as net leased investments.