Florida Real Estate Insider: May 2014

Thursday, May 29, 2014

Star Trek and Star Wars Inspired Rooms in Florida Mansion | The Escapist

At $35 million, it's the most expensive residential listing ever in the city of Boca Raton

Price appreciation, short sales, foreclosures drop National statistics: The median sales price of U.S. residential properties – including both distressed and non-distressed sales – was $172,000 in April, an increase of 11 percent from April 2013 – the biggest year-over-year increase since U.S. median prices bottomed out in March 2012.

Wednesday, May 28, 2014

Case-Shiller: Miami home prices up 16.2 percent in March from year ago - Business - MiamiHerald.com

Tuesday, May 27, 2014

Realtors to condo boards: Get FHA certification "Since changing its policy four years ago, the number of condo developments approved for FHA financing has plummeted by over 50 percent. As of mid-May, FHA says just 10,020 communities out of roughly 144,000 condo projects nationwide had FHA certification – about 7 percent."

Peter Zalewski | Condo Vultures

Developers pushing prices higher and higher. "Presale prices of preconstruction condo towers proposed east of I-95 in South Florida are now averaging a minimum asking price premium of about 102 percent above the price of units currently on the resale market in the coastal part of Miami-Dade, Broward and Palm Beach counties"

If you want to be the first to live there, it will cost you, ...a lot!! EB