S & J Journal

You might be interested in reading... Mormon church-owned company buys huge swath of Fla. Italy is stepping up its presence in Florida Investors bought 14% of U.S. homes in Sept. Report: Florida a housing market to watch in 2014

Now is the time to put your home on the market right after the first of the year, especially here in Coral Gables. A   Florida Realtors   article shows that pending sales are slowing down. The Pending Home Sales Index indicates a projection of almost 10 % higher home sales in 2014, and an 11% increase in existing home prices. Read the article.

Mia Patch Licensed Realtor 305-333-7167 mia@slesnick.net  Mia Patch is a marketing and sales executive with more than 20 years of experience in the Florida and Colorado real estate markets. Slesnick & Jochem now brings our expertise to Coconut Grove, Brickell, Key Biscayne and Downtown Miami, in addition to Coral Gables where we have consistently been #1 in the number of homes listed and sold. Welcome, Mia!

Out of the four states where 51% of foreign buyers purchase homes - Florida, California, Texas and Arizona - Florida has the largest share at 26%. This data stems from a study conducted from June 2011 to June 2012. Read the complete report online at Florida Realtors’ website: Profile of International Home Buyers in Florida 2012. Excerpts from the report: • 82% of international sales were cash transactions. • The median price paid by international buyers was $194,700 compared to an overall Florida median price of $125,100 and a U.S. median price of $167,758. • Canadian buyers tended to buy in the lower price range; European and Latin American buyers bought at a higher price range. • Condos account for 45% of properties, townhouses 10% and detached single-family homes 36% .

Florida’s Office of Economic and Demographic Research released a report last week that shows positive news for the state’s real estate market. Although real estate is contributing less to the Gross Domestic Product (GDP) as compared to 2006 and prior, it is still currently the state’s largest industry, government being Florida’s second-largest industry. Read more at the Jacksonville Daily Record . And don’t forget to check back here at our blog often, where Slesnick & Jochem provide interesting real estate tidbits concerning Coral Gables, its environs, and more.