Last month, signed contracts in Broward County proved to be greater than its neighbors according to a Miami Herald article as buyers are seeking properties with big city advantages.
Recently signed contracts saw double digits increases year-over-year at Broward, a rise of more than 135 percent for single-family homes and an increase of just over 161 percent for condominiums. Miami-Dade reported an 18.5 percent year-over-year rise in single-family home sales and 2.2 percent growth in condos.
Also contrasted was the amount of recently signed homes contracts priced on the Multiple Listing Service (MLS), from $200,000 to over $1 million, in August of this year versus last year.
According to the paper, the amount of new listings is not maintaining the pace with rising demand. With the exception of an upswing in new listings for single-family homes in Miami-Dade by 12 percent year-over-year, new listings in Miami-Dade and Broward saw drops.
Are you in need of a hard money loan to purchase Broward County real estate? Contact us today or fill out the application on the Monroe Funding Corporation website to get started.
This update is by hard money loans Miami company Monroe Funding Corporation, a direct equity lender serving clients throughout Central and South Florida. We specialize in first mortgages on non-owner occupied residential and commercial property investments as well as real estate loan options. Our fast and flexible loan programs get you to the closing table quickly and professionally. For more information on investor resources Miami or Tampa hard money lending, please call 954-816-0388 or fill out our application.