Tag Archives: Save money

Today’s investors must work harder to flip homes

Higher prices haven’t put an end to home flipping in South Florida, a new report shows.

Flips accounted for 6.3 percent of third-quarter home and condominium sales in Palm Beach County, up from 5.9 percent in the same period of 2014, according to real estate website Trulia.com.

In Broward, flips accounted for 6.1 percent of sales, compared with 5.7 a year earlier. Miami-Dade County’s share of flipped homes was 6.4 percent, up from 4.7 percent, ranking as the biggest increase in the country, Trulia said.

Residents selling co-op building in Miami Beach

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A group of Miami Beach residents has decided to sell their co-op building, according to a news report.

Bidding starts at $26 million for the fiveunit building at 1446 Ocean Drive, The Miami Herald reported.

Foreclosure rate falls in South Florida

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The foreclosure rate in Miami-Dade and Broward continues to fall as the economic recovery heals the local housing market.

The percentage of Miami-Dade homes in foreclosure in May was 3.68 percent, according to a report from the property analytics firm CoreLogic released Tuesday.

That’s down from 3.88 percent in April and 6.61 percent in May 2014.

Kolter building 1,300 homes, townhomes in Palm Beach Gardens

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Construction has started on an upscale development in northern Palm Beach County that could add 1,300 homes and townhomes over the next eight years.

Kolter Homes is building Alton on 270 acres at Interstate 95 and Donald Ross Road in Palm Beach Gardens. The property is across the street from the Scripps Research Institute at Abacoa in Jupiter.

Prices will range from the $400,000s to more than $1 million.

Housing market hot as buyers spring into action

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Homebuyers continued their spring stampede in May.

Broward County had its most prolific month for home sales in 11 years with 1,527 existing single-family closings, up 14 percent from a year ago, the Greater Fort Lauderdale Realtors said Monday.

The median price of $290,000 was 4 percent higher than in May 2014.

In Palm Beach County, 1,739 homes traded hands, a 6 percent increase from a year earlier, according to the Realtors Association of the Palm Beaches. There were only four fewer sales in May than April, which was the county’s best month since June 2004.