Short Sale Safety Valve Closing Fast Says The Cherry Group, Coconut Grove's Real Estate Experts

The Cherry Group, Coconut Grove's Real Estate Experts, thinks we'll see less single family foreclosures and short sales as condos have moved from a buyer's to a seller's market. With approximately 2 months of condo inventory available in Miami, walking away from your home and living the "carefree" life in a 'cheap' rental is no longer an option. Rental prices for condos and single family homes are going up,up,up. Also as a consequence of 'sold-out' condos, we see a continued increase in single home sales. June sales were up almost 6 percent over May and we see this as a signal of what's to come. Call the Coconut Grove's Real Estate Experts at 305.607.8360 - The Cherry Group