Strong start to the year for Florida’s housing market !!

'For the thirteenth straight month, Florida has seen the median sales prices for both single-family homes and for townhouse-condo increase over their year-ago figures, according to a report released today by Florida Realtors, a statewide industry group. The report also showed increased closed and pending sales as well as a drop in inventory for January. Florida’s closed sales in January of existing single-family homes grew 11.7 percent from last January, to 13,679 from 12,247, the report said. Pending sales grew 31 percent over the previous January, to 23,502 from 17,945. The median sales price rose 12.4 percent over the year-ago figure — from $129,000 to $145,000. Closed sales of Florida’s townhouse-condos in January grew two percent from last January, to 6,670 from 6,539. Pending sales grew 17 percent over the previous January, to 11,779 from 10,066. The median sales price in the state jumped 18 percent over the year-ago figure — from $94,000 to $112,000, per the report. The report also stated that inventory for single-family homes stood at a 5.6-months’ supply in January, while inventory for townhouse-condos was at a 6.2-months’ supply." ** from The Real Deal, South Florida Real Estate magazine. During the month of January 2013, 15 Luxury properties went 'Pending Sale' in the Beautifull City of Coral Gables, of 42 New Active listings. During the month of February only 7 have been placed as 'Pending Sale' of 47 brand new Active listings. Please give us a call for a confidential market analysis. All the Best, Esperanza Franky "espie" Realtor Member of The Institute for Luxury Home Marketing "Selling Miami Estates" team with One Premier International Realty Cell: 305.283.5868 Follow us via Twitter: @espiefranky Visit our Blog: www.sellingmiamiestates.com Marketing Florida Real Estate at the Highest Level !