The monthly 2010 Real Estate Market Report for Broward County is posted on my website. View the full report and Charts here.
Highlights:
- For Single Family Homes, the largest number of sales occurred in the $300,000 and under price range, so the $300,000 and under price range is VERY competitive. Homes in this price range are selling EXTREMELY quickly and Buyers searching for Homes in this price range often find that the availability of Homes that meet their search criteria is very limited. In many areas, more Inventory is needed within this price range to meet the demand.
- Sales have increased, Inventory has decreased, and the number of pending Offers has increased
- Of the Bank Owned Foreclosures that were purchased, the average purchase price was $152,524, so there are very few Luxury Foreclosure sales
- ~40% of the Sales were Cash sales
View the full report and Charts here
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