Some 10,120 residences are now under contract in Miami-Dade County, representing 46 percent over the 22,000 residences under contract in the tricounty South Florida area. This pending sales level was unseen for at least the past 18 months, according to a new report released recently by Condo Vultures that brings more favourable winds to the recovering real estate market.

These good news put Miami-Dade County on the lead. From the 10,120 pending sales in Aventura, Miami Beach and Sunny Isles Beach, condos and townhouses accounted for 57.31 percent with 5,800 units under contract. Single-family houses account for the left 42.69 percent with 4,500 houses under contract.

Pending deals currently represent a 138 percent increase from November 2008 levels, according to the source. Deep discounts and government aids played a key rol in sales activities during the 18-month period, before which only 9,200 properties were under contract in the tricounty area.

For the other two counties, Broward was the second best performing area, with 38 percent share over the 22,000 contracts. 4,700 contracts comprehend condos and townhouses while 3,800 were over single-family houses in Fort Lauderdale, Boca Raton and Pompano Beach. In Palm Beach County the cities of Boca Raton, Delray Beach and West Palm Beach signed contracts for 1,800 condos and townhouses and 1,700 single-family houses.

What is clear is that condominiums and townhouses were more appealing for buyers than other market offers like single-family houses. Contact directly with us for the best deals in the appealing Miami-Dade county real estate market, and take advantage of the confidence moment to invest safely.

Tags: Aventura City, Aventura Condos, Boca Raton, Brickell Luxury Condos, Broward County, Delray Beach, Downtown Miami, Fort Lauderdale, Hollywood, Luxury Condos, Miami Beach, Miami-Dade County, Oceanfront Condos, Palm Beach, Palm Beach County, Pending Sales, Pompano Beach, Residences Under Contract, South Beach Condos, Sunny Isles Beach Condos, Waterfront Condos

This entry was posted on Wednesday, May 5th, 2010 at 2:35 pm and is filed under Downtown/Brickell, Miami Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.