The National Association of Realtors announced the indices today regarding pending home sales and they show that they are at a record high not witnessed since April 2006. Median existing home prices for all housing reached peak prices set in 2006 and buyers are proving to come back in full force with an incredible pace. Chief economist Lawrence Yun of NAR has called this spring's buying the strongest since the downturn. A rise in mortgage rates encouraged some buyers to buy now rather than wait for prices to come down. Total aggregate sales of resl estate were up 3.2%.

Inventory on a national level remains low, however it is up slightly from a year ago. With inventory low, the bidding wars are becoming fierce. Properties are selling faster, and 47% of homes sold in less than a month in June with propertries typically on the market 34 days. One of the reasons sellers who would consider selling at the moment are not selling is that they are concerned with finding affordable housing post move. In Miami, this could not be more apparent and has led to a rash in new development, totally over 65. New homes are also being developed in Miami. For information on New Homes in Miami, contact me today!

Miami Beach has been experiencing a veritable boom in development in 2014 and 2015 with dozens of new developments planned and Latelier is one of that I recommend to my clients. Located in the North Beach neighborhood of Miami Beach, it is fifteen minutes to the Miami International Airport and ten minutes to the international shopping mecca, Bal Harbour Shoppes. The beaches in North Miami Beach are some of the best in Miami and are less populous than on South Beach, making them a favorite for locals. Latelier is located directly on the beach and takes full advantage of its’ premier appointment.

Latelier Miami Beach building amenities include Holly Hunt and Enzo Enea design, concierge, 24 hour valet, pool and beach attendants, infinity edge swimming pool, uppder deck lap pool, cabanas, pool bar and BBQ, spa and treatment rooms, beauty salon, state of the art gym, and sauna and steam rooms. Residences are either half floor or full floor and range between three to six bedrooms, with expansive balcomnies, panoramic ocean and city views, ten and eleven foot ceilings, Gaggenau appliances, and outdoor whirlpool spa. Between the building amenities and the residence features, and of course the location, this Miami Beach new development is sure to sell quickly, for more information on buying Latelier Condominiums, contact me today!