Lower short sales and high

median sale prices in the

second quarter of 2014

reflect a strengthening

condo/townhome real

estate market in the

Miami-Dade region.

Miami Beach condos for

sale are especially

appealing to international

buyers, who tend to spend

only part of the year in the

States. We’ll take a look at

the numbers from Q1

and Q2 2014, which

reflect a booming

market.

Active Listings

• Q2 2013: 46,519

• Q2 2014: 52,745

There was a 13.4% increase in active listings from the second

quarter of 2013 to the second

quarter of 2014.

Median sale price saw

a 10.1% increase from Q2 2013 to Q2 2014.

Average sale price saw

a 9.8% increase from

Q2 2013 to Q2 2014.

Median Sale Price

• Q2 2013: $128,950

• Q2 2014: $142,000

Average Sale Price

• Q2 2013: $216,291

• Q2 2014: $237,529

Traditional Closed Sales

• Q2 2013: 24,212

• Q2 2014: 24,466

There was a slight increase of 1% in traditional closed sales

between Q2 2013 and Q2 2014.

Short Sales Short sales were down 59.8% in Q2 2014,

while median short sale price increased

by 20.3% from $86,000 in Q2 of 2013 to $103,450 in Q2 of 2014.

International buyers are

increasingly important to existing home sales markets in Florida.

Consider that 63% of respondents to a 2013 survey of REALTORS®

reported having international

clients, compared with a national

average of just 27%.

Canadians lead the international

market, making up 30% of total international sales in Florida.

Venezuelans follow at 8%, followed

by Brazil at 7% and the U.K. at 6%.

International buyers

tend to buy with cash.

About 84% of

REALTORS® reported

all cash sales among

international buyers,

according to NAR’s

2012 Profile of Home

Buyers and Sellers.

A survey in 2013 of Florida realtors found

that the most common international

purchasers of real estate for Miami-Miami

Beach properties were from:

• Venezuela (23%)

• Argentina (11%)

• Brazil (10%)

• Peru (9%)

• Canada (7%)

• Colombia (7%)

The top 10 areas where international buyers

purchased real estate in 2013 were:

1. Miami-Miami Beach

2. Orlando-Kissimmee

3. Fort Lauderdale

4. Cape Coral-Fort Myers

5. Naples-Marco Island

6. Bradenton-Sarasota-Venice

7. Tampa-St. Petersburg-Clearwater

8. Palm Beach

9. Port St. Lucie

10. Jacksonville-St. Augustine

Eighty percent of respondents to a 2013 survey of

Florida REALTORS® reported that less expensive

properties in the U.S. than comparable properties

in their home countries attract international

buyers to Florida.

Resort and suburban areas are hot markets for

international buyers. Nearly half of international

buyers chose the suburbs, according to the

2014 Profile of International Home Buying

Activity Report.

In addition to affordable properties in the U.S.,

favorable exchange rates, economic stability,

and rising affluence abroad are all driving

international real estate sales in Florida.

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exceptional real estate expertise and service in South Florida. Decorus offers

a multitude of services, including:

• Luxury Real Estate • Commercial Investments • Property Management

• Legal Services • Asset Management

• Financial & Concierge Services

Visit decorusrealty.com for more information.

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