According to the South Florida Business Journal, homes sales were up in June. Sales of single family homes in June rose by 23.6% from May. However, new home sales nationwide were down 16.7% from the same period a year ago.
This may be a good time to consult with an experienced real estate attorney, and foreclosure defense attorney, to determine your best course of action if you are looking to either sell or buy your home at this time. The changing real estate market requires you to consult with a professional that knows this market, and is prepared to guide you through the ups and downs of the ever changing market.
In Miami-Dade County, in June, 33% more condominiums were sold than in June of 2009. As for single family homes, June saw a 1% increase of sales as compared with June of 2009. However, median sale prices for both condos and single family homes were down for the year.
In June of 2010, median sales prices, in Miami-Dade County, was down 9% compared to June of last year, but up 2% from May of this year. For instance, the median prices for a condo was $128,800. For single family homes, the median sales price for a single family home was $203,000, down 4% for the year, but up 3.4% for the month.
Statewide, sales prices were also down. For instance, median prices were down 5% for single family homes, and 16% for condos. Nationally, June sales of existing homes were down 5.1% from May, but up 9.8% from June of 2009.
We have been successful in defending many foreclosure cases when given an opportunity to develop a plan to properly defend the foreclosure.
If you are on the brink of foreclosure, need a real estate attorney, or just need to assess your legal rights, please contact our office today.