ORRA HOUSING MARKET REPORT – SEPTEMBER 2017
Hurricane Irma helped drive Orlando’s home sales down by nearly 20 percent in September compared to September of last year, reports the Orlando Regional REALTOR® Association. In addition, sales decreased by almost 30 percent when compared to last month.
Colombians Continue to Register Most South Florida Real Estate Searches
Colombia continues to be the top foreign country searching for South Florida real estate on the MIAMI Association of REALTORS® (MIAMI) website, according to new statistics from the nation’s largest local Realtor group. Colombia registered 10.2 percent of all international searches on MIAMI’s portal, www.MiamiRealtors.com, in July 2017.
Realtors Commercial Alliance of MIAMI Hosts 2017 RCA Conference
The Realtors Commercial Alliance of the MIAMI Association of REALTORS® (RCA MIAMI) will present its 17th annual RCA Conference on Friday, Oct. 13 at the Biltmore Hotel in Coral Gables. Five panels and more than 10 speakers will address how real estate professionals can enhance their business by learning the latest trends in all commercial real estate sectors.
Colombia Tops Miami Real Estate Searches for Fourth Consecutive Month
Colombia continues to be the top foreign country searching for South Florida real estate on the MIAMI Association of REALTORS® (MIAMI) website, according to new statistics from the nation’s largest local Realtor group. Colombia registered the most South Florida property searches among all countries on MIAMI’s portal, www.MiamiRealtors.com, in June 2017
Orlando home sales, median price both rise in August
The median price of Orlando homes sold during the month of August increased nearly 10 percent while sales increased almost 3 percent compared to August 2016, report the Orlando Regional REALTOR® Association. Inventor continued its year-over-year slide and dropped about 16 percent
Florida Realtors®: Flood Insurance Needed Now More Than Ever
Mass destruction caused by Hurricane Harvey and floodwaters in Texas and Louisiana. Severe flooding due to heavy rains in Southwest Florida. The devastating aftermath on people’s lives and livelihoods is a shocking reminder of what can happen when disaster strikes – and the critical need for the National Flood Insurance Program (NFIP).
Florida Realtors®: Miami Realtor Is 2017 Realtor ® of Year
Florida Realtors® honored Matey H. Veissi, 2016 president of the state Realtor association, as its 2017 Realtor of the Year. The Realtor of the Year award was presented at the state association’s recent 101st annual Convention & Trade Expo at Rosen Shingle Creek in Orlando, Fla.
Orlando Regional REALTOR® Association recognizes young REALTOR® standouts
The Orlando Regional REALTOR® Association is pleased to announce 2017 class of ORRA Young Professionals Network 20 Under 40 Rising Stars In Real Estate Awards recipients. These notable young REALTORS® were selected by the ORRA Awards Committee for their demonstrated excellence in career and service to both community and the real estate industry.
Orlando Unclaimed Property Auction Earns $1.186M
Chief Financial Officer Jimmy Patronis today announced that the second 2017 unclaimed property auction, hosted Saturday in Orlando, earned $1.186M. Nearly 60,000 individual items went up for auction, and every item sold. The highest individual grossing item was a pair of 17.6-carat diamond and platinum earrings with a starting reserve value of $19,000 that sold for $75,000. The pair features two 5.78-carat diamonds, flanked by a total of 112 diamonds
Miami Association of Realtors Partners with and Integrates MLS Offers Into MLS
The Miami Association of Realtors® (MIAMI) has signed an agreement with the real estate technology firm MLS Offers to make MLS Offers’ patented offer submission and negotiation platform available as a member benefit to their 46,000+ members through an integration into their Matrix MLS software.
Miami Condominium Sales, Total Luxury Home Transactions Jump in July
Miami existing condominium sales increased for the second time in three months and $1-million-and-up luxury transactions surged for all properties in July, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
Miami Realtors Commercial President Honored with Florida Realtors Commercial Achievement
MIAMI Association of REALTORS® (MIAMI) Commercial President José María “Chepe” Serrano was awarded the prestigious 2017 Commercial Achievement Award by the Florida Realtors® for his excellence in commercial real estate, and his dedication and commitment. Florida Realtors® awarded Serrano the honor at its 101st annual Convention & Trade Expo at Rosen Shingle Creek in Orlando.
Fla. Housing Market: More Sales, Higher Median Prices in July 2017
Just like the weather, Florida’s housing market was hot in July with more closed sales, higher median prices, increased pending sales and more new listings, according to the latest housing data released by Florida Realtors®. Sales of single-family homes statewide totaled 24,546 last month, up 2 percent compared to July 2016.
Miami Realtors to Exhibit at Colombia’s Largest Real Estate Expo
The MIAMI Association of REALTORS® (MIAMI) will again promote South Florida’s lifestyle and real estate market at Colombia’s largest property showcase, El XII Gran Salón Inmobiliario – Feria Internacional, on Aug. 24-27 in Bogotá, Colombia. MIAMI will make a South Florida market presentation at the 12th annual expo, which is expected to attract 30,000 visitors and 200 exhibitors
Orlando median price rises as home sales slow in July
The median price of Orlando homes sold during the month of July increased almost 7 percent while sales decreased 0.2 percent compared to July 2016, reports the Orlando Regional REALTOR® Association. Inventory continued its year-over-year slide.
Miami Single-Family Home, Luxury Sales Surge in 2Q
Miami real estate posted a robust second quarter as single-family home transactions, single-family luxury sales, median sale prices and dollar volume surged, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the local Multiple Listing Service systems
Second-Best June in Miami Real Estate History
Miami’s single-family home market continued its strong selling pace by registering its second-most June transactions in history, and the $1 million-plus luxury sales segment rose for both single-family homes and condominiums, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
CFO Patronis Invites Floridians to 2017 Unclaimed Property Auction in Fort Lauderdale
Chief Financial Officer Jimmy Patronis invites Floridians to participate in the 2017 Florida Unclaimed Property Auction. This public auction featuring the sale of nearly 50,000 individual items valued at more than $630,000 will be hosted Saturday, July 29, at the Sheraton Suites Cypress Creek in Fort Lauderdale. A public preview will be held Friday, July 28, at the Sheraton Suites hotel.
Fla. Housing Market: Sales, Median Prices Up in June 2017
Florida’s housing market had more closed sales, higher median prices and more new listings in June, according to the latest housing data released by Florida Realtors®. Sales of single-family homes statewide totaled 28,205 last month, up 4.3 percent compared to June 2016.
Orlando housing update: Single-family homes receive a boost in sales
The median price of Orlando homes sold during the month of June increased more than 7 percent while sales likewise climbed nearly 8 percent compared to June 2016, reports the Orlando Regional REALTOR® Association. Inventory continued its year-over-year slide but registered the smallest decline this year with 14 percent