FAR: November home sales, prices down

South Florida existing single-family home sales and prices declined again in November, the Florida Association of Realtors said.

In Fort Lauderdale, sales of existing single-family homes fell 34 percent to 401 from 605, as prices fell 4 percent to $348,100 from $362,000. In Miami, existing single-family home sales fell 59 percent -- the biggest drop in South Florida -- to 263 from 645, as prices fell 4 percent, to $359,300 from $372,400. In West Palm Beach-Boca Raton, existing single-family home sales fell 13 percent, to 459 from 525, as prices dropped 7 percent, to $345,700 from $370,400.

Near South Florida, median existing single family home sales:

* fell 25 percent in Fort Piece-Port St. Lucie, to 230 from 305, as prices declined 17 percent, to $206,300 from $247,600.
* fell 18 percent in Melbourne-Titusville-Palm Bay, to 379 from 461, as prices declined 9 percent, to $184,000 from $203,300.
* fell 29 percent in Punta Gorda, to 154 from 218, as prices declined 18 percent, to $177,300 from $215,100.

FAR said single-family home data from Fort Meyers-Cape Coral and Naples-Marco Island was not available.

FAR said existing condominium sales were down across the area, as well, though prices inched up 3 percent in Miami, to $264,700 from $257,400. Miami condo sales fell 53 percent, to 297 from 627.

In Fort Lauderdale, existing condo sales were down 23 percent, to 430 from 560, as prices dropped 17 percent, to $166,700 from $199,700. In West Palm Beach-Boca Raton, condo sales fell 17 percent, to 347 from 420, as prices fell 19 percent, to $177,400 from $219,800.

Near South Florida, median existing condo sales:

* increased 28 percent, to 68 from 53, in Fort Pierce-Port St. Lucie, as prices grew 6 percent, to $185,000 from $174,000.
* fell 37 percent, to 67 from 106, in Melbourne-Titusville-Palm Bay, as prices grew 10 percent, to $172,500 from $157,300.
* fell 36 percent, to 21 from 33, in Punta Gorda, as prices declined 24 percent, to $142,500 from $187,500.

FAR said condominium sales data from Fort Meyer-Cape Coral and Naples-Marco Island was not available.

Statewide, existing single-family home sales were down 30 percent in November, to 8,106 from 11,609, as prices declined 10 percent, to $215,800 from $239,800.

Condo sales in Florida fell 29 percent, to 2,375 from 3,356, as prices declined 9 percent, to $186,700 from $204,500.

Source : http://www.bizjournals.com/