A Florida Association of Realtors report shows that a March year-over-year home sales are down across South Florida and the state, but statewide sales did show slight improvement over February. As the median sales price fell 12 percent, to $337,900 from $382,600, existing single-family home sales were down 56 percent, to 276 homes from 634 homes in March 2007 in Miami. Single-family home sales fell 23 percent, to 463 from 601, as the median sales price fell 16 percent, to $311,400 from $372,400 in Fort Lauderdale and in West Palm Beach-Boca Raton there is 21 percent decline for the median price fell 15 percent, to $320,100 that is for single-family home sales.

Home sales in areas in South Florida are also shaky. In Fort Myers-Cape Coral, as prices declined 21 percent, to $212,500 from $268,200, fell 21 percent, to 501 from 635. In Fort Pierce-Port St. Lucie, as prices declined 29 percent, to $169,700 from $239,700, rose 14 percent, to 387 from 338. In Melbourne-Titusville-Palm Bay, as prices declined 27 percent, to $146,300 from $200,000, fell 53 percent, to 257 from 550. As prices grew 1 percent, to $523,800 from $518,800, rose 23 percent, to 32 from 23. In Punta Gorda, as prices declined 21 percent, to $152,200 from $193,000, rose 13 percent.

Condo sales fell 47 percent, to 333 from 624, as the median sales price fell 11 percent, to $263,900 from $295,100, Condominium sales also slipped in Miami. Condo sales were up 13.6 percent from February and down 24 percent from March 2007, with 3,145 condos sold. 9,142 existing single-family homes were sold in March up 10 percent from February and down 26 percent from March 2007, in Florida.

Jron Magcale
Florida Real Estate