Real Estate Market Update

Here's a quick update on the South Florida real estate market for the month ending December 2006.

Miami-Dade County Statistics for December 2006

• There were 630 single family homes sold.
• On average, the single family homes were on the market for sale for 89 days before a contract was accepted with an average sale price of $370,000.
• There were 11,340 single family homes for sale.
• There were 664 condos/townhouses sold.
• On average, the condos/townhouses were on the market for sale for 91 days before a contract was accepted with an average sale price of $260,000.
• There were 20,463 condos/townhouses for sale.

Broward County Statistics for December 2006

• There were 802 single family homes sold.
• On average, the single family homes were on the market for sale for 90 days before a contract was accepted with an average sale price of $371,000.
• There were 13,231 single family homes for sale.
• There were 868 condos/townhouses sold.
• On average, the condos/townhouses were on the market for 99 days before a contract was accepted with an average sale price of $205,000.
• There were 20,793 condos/townhouses for sale.

Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com