According to a recent Miami Herald article, South Florida’s housing market is seeing some positive momentum after some shakiness. Per a recent report, Broward and Miami-Dade saw increases of just over 80% to 100.8% growth year over year when it came to sales of both condominiums and single family residences.
Recently signed single-family homes contracts in Miami-Dade County saw considerable upticks as compared with 1,700+ contracts during July 2020 versus the 888 contracts in July 2019. Most of the contracts were priced at $300,000 to nearly $400,000 for single-family homes with the least amount of activity for homes hovering around the $200,000 range.
Over in Broward County, new contracts also saw positive year over year gain from over 520 in July 2019 to more than 1,000 in July of this year. Speaking of July, the price ranges for these contracts were similar to those in Miami-Dade.
To read more, please visit https://www.miamiherald.com/news/business/real-estate-news/article244751712.html. Remember that if you need quick money to purchase a home or a condominium in South Florida and beyond, Monroe Funding Corporation offers quick approval.
This update is by hard money lenders 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 Broward County hard money lending, please call 954-816-0388 or fill out our application.