Home Sales Shoot Up in April

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Sunny Isles Beach, Aventura, Bal Harbour and South Beach - Paradise is selling well!

Defying forecasts of an imminent slowdown, sales of new homes shot up in April to the fastest sales pace this year.

The Commerce Department reported Wednesday that sales of new single-family homes increased by 4.9 percent last month to a seasonally adjusted annual rate of 1.198 million units, the highest rate since last December.

Home sales were strong in all parts of the country last month except the Midwest, where sales fell by 1.1 percent, the second straight monthly decline. Sales were up 8.2 percent in the Northeast, 7.8 percent in the South and 2 percent in the West.

Federal Reserve Chairman Ben Bernanke said last week that he believed the housing market, which has been a key driver of the U.S. economy, was cooling but that it appeared to be a ``very orderly and moderate kind of cooling.''

“I see a lot of activity in the local real estate market and in Florida in general,” said Katerina Brosda, a licensed Realtor with Century 21 Oceanfront Realty and owner of http://www.MiamiJustListed.com. “I show properties daily in Aventura, Sunny Isles Beach, Hallandale Beach, Bal Harbour and South Beach. I even fly to Tampa, to show investment properties, and yes, I do close on my listings, just last week on an ultra-luxurious The Beach Club unit in Hallandale Beach,” she continued. “What we are dealing with these days are the real buyers and real sellers, and if a property is properly priced and not artificially inflated, it sells. It may stay a little longer on the market than in the previous years, but it will sell! The hottest properties in Sunny Isles Beach are the Trump Towers and Trump Grande Ocean Resort, Acqualina, Jade Beach and Jade Ocean, Ocean Four and Turnberry Ocean Colony. The influx of South Americans and Europeans, who enjoy the Mediterranean flair and rich cultural variety the greater Miami area has to offer, is uninterrupted and makes this little piece of paradise unique from what may or may not be going on in the rest of the country, as far as real estate in concerned.”

MiamiJustListed.com, in association with Century 21 Oceanfront Realty, one of the world's leaders in real estate transactions is a full-service brokerage located at 17070 Collins Avenue, Suite # 261 in Sunny Isles Beach, Florida and specializing in residential, luxury, commercial, pre-construction, investments and recreational properties.

Century 21 Real Estate LLC is the franchisor of the world's largest residential real estate sales organization, providing comprehensive training, management, administrative and marketing support for the Century 21 System. The Systems is comprised of more than 7,680 independently owned and operated franchised real estate offices in 42 countries and territories worldwide. Century 21 Real Estate LLC is a subsidiary of Cendant Corporation (NYSE:CD).

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Katerina Brosda
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