Sunny Isles Miami Beach Real Estate Listings, Miami Condo Tips, Real Estate Market Trends & News

Katerina Brosda, President & CEO of Brosda & Bentley Realtors, congratulated Natalia Pyrig on her terrific achievements in December 2009.

Ms. Brosda said that she recognizes Ms. Pyrig's great performance and dedication to Brosda & Bentley Realtors and thanked her for the unparalleled effort and exceptional service she provides to Brosda & Bentley clients.

She pledged her continuing support and encouragement to insure Ms. Pyrig's professional and personal growth.

Ms. Brosda commended Natalia Pyrig for her outstanding efforts in providing professional real estate services to an international investor clientele. 

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Click here for more information: Miami Real Estate

About Brosda & Bentley Realtors®

Brosda & Bentley Realtors® is the premier Miami real estate authority for home buying, home selling, financing and property listings in Aventura, Sunny Isles Beach, Golden Beach, Bal Harbour, Surfside, Miami Beach and Downtown Miami. Whether it's a house an estate, beachfront mansion, luxurious oceanfront condo, pristine pre-construction, commercial or any other type of property, a Brosda & Bentley^TM Real Estate Consultants can assist you with all your real estate needs in the Greater Miami area and the Beaches. Brosda & Bentley Realtors® is specialized in luxurious developments like Acqualina, Apogee South Beach, Continuum Towers SoBe, Fisher Island, Fontainebleau, Gansevoort SoBe, ICON South Beach, Jade Beach, Jade Ocean Sunny Isles, Ocean IV, Trump Palace, Trump Royale, Trump Hollywood, Trump Towers Miami, Turnberry Ocean Colony, Ten Museum Park, St. Regis Bal Harbour, Portofino Tower, St. Tropez Condo Sunny Isles Beach and many, many more.

On a worldwide scale Brosda & Bentley^TM is a leading professional real estate services firm specializing in marketing planned unit developments, residential and commercial properties located in exclusive real estate markets throughout the globe.

The Miami real estate market has experienced a surge in sales each of the last 16 months   

The inventory of listings in Miami-Dade County according to the Southeast Florida Multiple Listing Service has dropped more than 41 percent in the last 15 months - from 43,095 to 25,415 - and November 2009 brought a 2.8 percent decrease in just one month. Nationally, total housing inventory at the end of November declined 1.3 percent from the previous month.

According to the Southeast Florida Multiple Listing Service, the average sales price for residential properties that sold in Miami-Dade County in November 2009 was $317,441 for single-family homes and $248,528 for condominiums - an increase of 5.2 percent and a decrease of only 10 percent respectively compared to the previous year.

The Brosda and Bentley website features more than 50,000 real estate listings. Users can search the MLS for free for the most comprehensive real estate data available.

Sunny Isles Beach Real Estate - http://www.sunnyislesbeachbroker.com/

Miami Real Estate - http://www.miamijustlisted.com/

International Real Estate - http://www.BrosdaandBentley.com

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Click here for more information: Miami Real Estate 

About Brosda & Bentley Realtors®

Brosda & Bentley Realtors® is the premier Miami real estate authority for home buying, home selling, financing and property listings in Aventura, Sunny Isles Beach, Golden Beach, Bal Harbour, Surfside, Miami Beach and Downtown Miami. Whether it's a house an estate, beachfront mansion, luxurious oceanfront condo, pristine pre-construction, commercial or any other type of property, a Brosda & Bentley^TM Real Estate Consultants can assist you with all your real estate needs in the Greater Miami area and the Beaches. Brosda & Bentley Realtors® is specialized in luxurious developments like Acqualina, Apogee South Beach, Continuum Towers SoBe, Fisher Island, Fontainebleau, Gansevoort SoBe, ICON South Beach, Jade Beach, Jade Ocean Sunny Isles, Ocean IV, Trump Palace, Trump Royale, Trump Hollywood, Trump Towers Miami, Turnberry Ocean Colony, Ten Museum Park, St. Regis Bal Harbour, Portofino Tower, St. Tropez Condo Sunny Isles Beach and many, many more.

On a worldwide scale Brosda & Bentley^TM is a leading professional real estate services firm specializing in marketing planned unit developments, residential and commercial properties located in exclusive real estate markets throughout the globe.

Sunny Isles Beach Breaking Real Estate News

Florida's existing home sales rose in November, marking 15 months that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors®.

Existing home sales rose 61 percent last month with a total of 14,026 homes sold statewide compared to 8,694 homes sold in November 2008, according to Florida Realtors. Statewide sales of existing condos increased 111 percent last month compared to November 2008's sales figure.

For the second month in a row, all of Florida's metropolitan statistical areas (MSAs) reported increased existing home sales and higher condo sales in November. A majority of the state's MSAs have reported increased sales for 17 consecutive months.

"The extended and expanded federal homebuyer tax credit will continue the positive momentum of the housing sector's recovery - people will want to take advantage of this incredible, not-to-be-missed opportunity to buy a home of their own in Florida," says 2009 Florida Realtors President Cynthia Shelton, CCIM, CRE, a broker and director of investment sales with Colliers Arnold in Orlando.

"For 15 months now, statewide sales of existing single-family homes in Florida have increased each month compared to the year-ago figures," Shelton says. "The continued, gradual absorption of housing inventory will help stabilize home prices. National research notes that housing affordability is at its peak and the highest on record: Along with still-low mortgage rates, it means that the buying power of a typical family has never been better."

Florida's median sales price for existing homes last month was $139,000; a year ago, it was $158,200 for a 12 percent decrease. Housing industry analysts with the National Association of Realtors® (NAR) note that sales of foreclosures and other distressed properties continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes. The median is the midpoint; half the homes sold for more, half for less.

The national median sales price for existing single-family homes in October 2009 was $173,100, down 6.8 percent from a year earlier, according to NAR. In California, the statewide median resales price was $297,500 in October; in Massachusetts, it was $287,000; in Maryland, it was $250,210; and in New York, it was $209,900.

According to NAR's latest industry outlook, home sales are experiencing a pendulum upswing."Keep in mind that housing had been underperforming over most of the past year," said NAR Chief Economist Lawrence Yun. "The tax credit is helping unleash pent-up demand from a large pool of financially qualified renters, much more than borrowing sales from the future. In the second half of 2010, if home values show consistent stabilization or even a modest increase, then home sales could register normal healthy levels."

In Florida's year-to-year comparison for condos, 4,889 units sold statewide last month compared to 2,320 units in November 2008 for an increase of 111 percent. The statewide existing condo median sales price last month was $104,400; in November 2008 it was $131,400 for a 21 percent decrease. The national median existing condo price was $172,900 in October 2009, according to NAR.

Interest rates for a 30-year fixed-rate mortgage averaged 4.88 percent last month, a significant drop from the average rate of 6.09 percent in November 2008, according to Freddie Mac. Florida Realtors' sales figures reflect closings, which typically occur 30 to 90 days after sales contracts are written.

The Brosda and Bentley website features more than 50,000 real estate listings. Users can search the MLS for free for the most comprehensive real estate data available.

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Click here for more information: Miami Real Estate

About Brosda & Bentley Realtors®

Brosda & Bentley Realtors® is the premier Miami real estate authority for home buying, home selling, financing and property listings. Whether it's a house an estate, beachfront mansion, luxurious oceanfront condo, pristine pre-construction, commercial or any other type of property, a Brosda & Bentley^TM Real Estate Consultants can assist you with all your real estate needs in the Greater Miami area and the Beaches. Brosda & Bentley Realtors® is specialized in luxurious developments like Acqualina, Apogee South Beach, Continuum Towers SoBe, Fisher Island, Fontainebleau, Gansevoort SoBe, ICON South Beach, Jade Beach, Jade Ocean Sunny Isles, Ocean IV, Trump Palace, Trump Royale, Trump Hollywood, Trump Towers Miami, Turnberry Ocean Colony, Ten Museum Park, St. Regis Bal Harbour, Portofino Tower, St. Tropez Condo Sunny Isles Beach and many, many more.

On a worldwide scale Brosda & Bentley^TM is a leading professional real estate services firm specializing in marketing planned unit developments, residential and commercial properties located in exclusive real estate markets throughout the globe.

The Pajama Program provides new pajamas and new books to children in need, many who are waiting and hoping to be adopted. Thousands of the children the Pajama Programs serve live in group homes and shelters and are often shuffled between temporary living facilities.  Many of them have been abused or abandoned, and have never enjoyed the simple comfort of having a mother or father tuck them in at bedtime and read to them.

Our company is organizing the collection of new pajamas and new books in Miami Beach, which will be distributed to Southeast Florida children in need.

The holidays are upon us which means it's a joyous time of celebration with loved ones. But for so many children living in group homes, shelters and hospitals - this is the coldest and most loneliest time. A new pair of sleepwear and new nurturing books lets these forgotten children know that someone cares. Please help us - show a child love and give a hug at bedtime.

We invite clients, friends, neighbors and colleagues to participate in the charity by donating new pajamas and new books in the lobby of the Executive National Bank Tower in Aventura or mail donations by Thursday December 16, 2009 to Brosda & Bentley - 20900 NE 30^th Avenue, Eighth Floor, Florida 33180 (Glass Office Tower adjacent to Whole Foods/ Best Buy Plaza. No checks and no cash).

Thanks for your support and generosity in advance.

Katerina & ALL B & B Agents

In this season of celebrating our good fortune and our good friends, warm thoughts and good wishes go out to you and your family.

Happy Thanksgiving!

To everybody and our clients in particular in Sunny Isles Beach, Aventura, Golden Beach, Bal Harbour & Miami Beach

Florida's Existing Home Sales Up 45%, Condo Sales Up 82% in October 2009

SUNNY ISLES BEACH BREAKING NEWS

Florida's existing home sales rose in October, marking 14 months that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors®. October's statewide sales also increased over sales activity in September in both the existing home and existing condominium markets.

Existing home sales rose 45 percent last month with a total of 15,160 homes sold statewide compared to 10,444 homes sold in October 2008, according to Florida Realtors. Statewide existing home sales last month increased 5.1 percent over statewide sales activity in September.

Florida Realtors also reported an 82 percent increase in statewide sales of existing condos in October compared to the previous year's sales figure; statewide existing condo sales last month rose 6.1 percent over the total units sold in September.

All of Florida's metropolitan statistical areas (MSAs) reported increased existing home sales and higher condo sales in October. A majority of the state's MSAs have reported increased sales for 16 consecutive months.

Florida's median sales price for existing homes last month was $140,300; a year ago, it was $169,700 for a 17 percent decrease. Housing industry analysts with the National Association of Realtors® (NAR) note that sales of foreclosures and other distressed properties continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes. The median is the midpoint; half the homes sold for more, half for less.

The national median sales price for existing single-family homes in September 2009 was $174,900, down 8.1 percent from a year earlier, according to NAR. In California, the statewide median resales price was $296,090 in September; in Massachusetts, it was $290,000; in Maryland, it was $261,718; and in New York, it was $213,900.

According to NAR's latest industry outlook, the housing market is continuing its positive momentum."We're getting early indications of price stabilization, but we need a steady supply of qualified buyers to meaningfully bring inventories down and return us to a period of normal, steady price growth," said NAR Chief Economist Lawrence Yun. "That, in turn, would help fully remove consumer fears, which would then revive the broader economy."

In Florida's year-to-year comparison for condos, 5,398 units sold statewide last month compared to 2,958 units in October 2008 for an 82 percent increase. The statewide existing condo median sales price last month was $105,200; in October 2008 it was $147,900 for a 29 percent decrease. The national median existing condo price was $175,100 in September 2009, according to NAR.

Interestrates for a 30-year fixed-rate mortgage averaged 4.95 percent last month, a significant drop from the average rate of 6.20 percent in October 2008, according to Freddie Mac. Florida Realtors' sales figures reflect closings, which typically occur 30 to 90 days after sales contracts are written.

Among the state's smaller markets, the Gainesville MSA reported a total of 172 homes sold in October compared to 130 homes a year earlier for a 32 percent increase. The market's existing home median sales price last month was $156,700; a year ago it was $173,300 for a 10 percent decrease. A total of 22 condos sold in the MSA in October, up 22 percent over the 18 units sold in October 2008. The existing condo median price last month was $116,700; a year earlier, it was $133,300 for a 12 percent decrease.

St. Tropez Condos in Sunny Isles Beach (North Miami Beach)

Specially priced BEST DEALS call (786) 406-1757

or visit: http://www.brosdaandbentley.com/

Miami Real Estate Sales Up 46 Percent in 7 Months

Pending home sales increased 4.5 percent in just one month, from 7,944 in September 2009 to 8,304 in October 2009 in Miami-Dade County as more buyers continue to take advantage of record-setting affordability conditions, the first-time home buyer tax credit, and a wide selection of properties to choose from according to the Realtor Association of Greater Miami and the Beaches (RAMB) and the Southeast Florida Multiple Listing Service. This coupled with the number of closed sales increasing each of the last 14 months is indicative of a stabilizing market.

Pending sales of single-family homes in Miami-Dade County rose 4 percent in October 2009 from the previous month, from 3,722 to 3,919. Pending sales of condominiums performed better than that of single-family homes in October, rising 5.1 percent from 4,172 to 4,385.

Miami-Dade Pending Sales Jump 40 Percent in Six Months
In the last seven months in Miami-Dade, pending sales of single-family homes rose a 33.3 percent, while pending sales of condominiums increased 60.1 percent. The total number of pending sales increased a significant 46.2 percent from March 2009 to October 2009.

"Pending home sales have increased substantially in South Florida over the last seven months," said Rick Burch, RAMB Chairman of the Board. "Pending sales are a strong indication of future sales and, in the current market, point to the stabilization of the local market."

Broward County Pending Sales
In Broward County pending home sales increased 0.9 percent, from 7,204 to 7,266 in October 2009. Pending sales of single-family homes fell 1.2 percent in October 2009 from the previous month, from 3,458 to 3,418. Pending sales of condominiums in Broward County rose 2.7 percent from 3,746 to 3,848.

In the last Seven months Broward pending sales of single-family homes rose 35.2 percent, while pending sales of condominiums increased 67.7 percent. The total number of pending sales increased 50.7 percent from March 2009 to October 2009.

A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing. Increased pending sales are an indication of increased future sales, and in the current market, are signs that the South Florida market is stabilizing.

Related Article: http://news.yahoo.com/s/ap/20091106/ap_on_go_co/us_jobless_benefits_homebuyers

Miami Real Estate Sales : (786) 406-1757

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Miami metropolitan area, is the seventh-largest metro area in the United States with over 5.4 million residents. Miami is recognized as a global city because of its importance in finance, commerce, media, entertainment, arts and international trade. The city is home to many company headquarters, banks, and television studios. It is an international center for popular entertainment in television, music, fashion, film, and the performing arts. The city's Port of Miami is known for accommodating the largest volume of cruise ships in the world. Miami is also home to the largest concentration of international banks in the United States.

Since 2001, Miami has been undergoing a large building boom with more than 50 skyscrapers rising over 400 feet (122 m) built or currently under construction in the city. Miami's skyline is ranked third most impressive in the U.S., behind New York City and Chicago, and 18th in the world according to the Almanac of Architecture and Design. Its growth has made it the ninth tallest skyline in the United States and 25th tallest in the world. The city currently has the eight tallest (as well as thirteen of the fourteen tallest) skyscrapers in the state of Florida, with the tallest being the 789-foot (240 m) Four Seasons Hotel & Tower.

In 2008, Miami was ranked as "America's Cleanest City" according to Forbes Magazine for its year-round good air quality, vast green spaces, clean drinking water, clean streets and city-wide recycling programs. In 2008, Miami was also ranked the 3rd-richest city in the United States and the world's 22nd-richest city in a UBS study.

Downtown Miami Condos for under $350,000 by Brosda & Bentley Realtors^TM the Premier Miami Real Estate Authority (786) 406-1757

Miami Real Estate News: Florida's Existing Condo Sales Up 77% in September 2009

Florida's existing home sales rose in September, which marks more than a year (13 months) that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors®. September's statewide sales also increased over sales activity in August in both the existing home and existing condominium markets.

Existing home sales rose 34 percent last month with a total of 14,419 homes sold statewide compared to 10,778 homes sold in September 2008, according to Florida Realtors. Statewide existing home sales last month increased 4.1 percent over statewide sales activity in August.

Florida Realtors also reported a 77 percent increase in statewide sales of existing condos in September compared to the previous year's sales figure; statewide existing condo sales last month rose 8.9 percent over the total units sold in August.

All of Florida's metropolitan statistical areas (MSAs) reported increased existing home sales in September; all but one MSA also showed gains in condo sales. A majority of the state's MSAs have reported increased sales for 15 consecutive months.

Florida's median sales price for existing homes last month was $142,000; a year ago, it was $174,900 for a 19 percent decrease. Housing industry analysts with the National Association of Realtors® (NAR) note that sales of foreclosures and other distressed properties continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes. The median is the midpoint; half the homes sold for more, half for less.

The national median sales price for existing single-family homes in August 2009 was $177,500, down 12.1 percent from a year earlier, according to NAR. In Massachusetts, the statewide median resales price was $315,000 in August; in California, it was $292,960; in Maryland, it was $265,862; and in New York, it was $205,000.

NAR's latest industry outlook notes positive signs in the housing sector, but adds that extension of the federal first-time homebuyer tax credit would help sustain a fragile recovery."Now that the market is showing some momentum, we have an opportunity to achieve a more rapid and broader stabilization in home prices," said NAR Chief Economist Lawrence Yun. The outlook for home sales and prices depends on whether the tax credit is extended, he said, describing it as "the best tool in our arsenal to encourage financially qualified buyers to stimulate the economy and help reduce the budget deficit."

In Florida's year-to-year comparison for condos, 5,088 units sold statewide last month compared to 2,870 units in September 2008 for a 77 percent increase. The statewide existing condo median sales price last month was $102,500; in September 2008 it was $153,500 for a 33 percent decrease. The national median existing condo price was $179,300 in August 2009, according to NAR.

Interestrates for a 30-year fixed-rate mortgage averaged 5.06 percent last month, a significant drop from the average rate of 6.04 percent in September 2008, according to Freddie Mac. FAR's sales figures reflect closings, which typically occur 30 to 90 days after sales contracts are written.

Among the state's smaller markets, the Pensacola MSA reported a total of 275 homes sold in September compared to 267 homes a year earlier for a 3 percent increase. The market's existing home median sales price last month was $135,000; a year ago it was $146,900 for an 8 percent decrease. A total of 48 condos sold in the MSA in September, up 41 percent over the 34 units sold in September 2008. The existing condo median price last month was $190,000; a year earlier, it was $180,000 for a 6 percent gain.

Contact: (786) 406-1757