It seems like every day I get asked about foreclosures and short sales. Many times people are curious just what percentage of properties for sale fall into these two categories. So instead of giving you my educated guess, I did some research and found out the true numbers.
In today's (February 4, 2009) MLS or Multiple Listing Service, there are 14,618 single family homes for sale in Dade County and 14,036 single family homes for sale in Broward County.
In Dade, 5,868 homes or 40.1% are foreclosures for sale. In Broward, 4,974 homes or 35.4% are foreclosures for sale. As for short sales on the market in Dade County, there are 3,501 homes or 23.9% available for sale. In Broward County, the number is 3,439 homes or 24.5% available for sale.
Today there are 22,498 condos for sale in Dade County on the MLS. Out of those, 7,853 condos or 34.9% are foreclosures for sale, and 5,136 condos or 22.8% are short sales available for purchase. In Broward County, there are 19,460 condos for sale on the MLS. Out of those, 6,613 condos or 34.0% are foreclosures for sale, and 4,099 condos or 21.1% are short sales available for purchase.
Based on the numbers above, the extremely low interest rates (sometimes in the four to five percent range), and prices that are many times less than half of what they were two years ago, now is definitely a great time to invest in real estate!
If you would like to view foreclosures available for sale, you can visit www.DadeCountyMLS.com.
Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com
Wednesday, February 04, 2009
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment