The largely steady stream of good news that’s been pouring in throughout 2010 continues to bring positive signs of encouraging real estate market activity. The month of March proved to be yet another indicator that markets like that of Miami Beach real estate are displaying small gains in recovery, at least when it comes to pending home sales anyway.
Pending home sales showed a significant boost in Miami-Dade County last month, a boost of six percent compared to February. In other words, an additional six percent of people agreed to buy property like Miami Beach condos. The small increase is definitely welcome yet it’s paltry when compared to 2009. Compared to last year, pending home sales have skyrocketed by more than seventy percent.
The market situation is still very much delicate but if we combine the positive gains in home sales during February, there’s at least some concrete evidence that things are shaping up to improve significantly by the time 2010 comes to an end. Foreign buyers may make up the bulk of people who have contributed to these pending home sales by purchasing relatively inexpensive Miami Beach real estate but there are still plenty of attractive deals out there if you have the time and are looking for a new home or investment property.