Sunny Isles Beach condo sales are unexpectedly strong

Sunny Isles Beach condo sales are unexpectedly strong

Sales of new U.S. homes were unexpectedly strong in November and the backlog of unsold homes shrank, according to government data on Wednesday that suggested the worst of the housing slump may be in the past.

New single-family home sales rose 3.4 percent last month to an annual rate of 1.047 million units from an upwardly revised 1.013 million units in October, the Commerce Department said. It also revised August and September sales higher.

Wall Street analysts had expected sales to rise to a 1.018 million rate in November from the previously reported October pace of 1.004 million units.

Alex Beuzelin, senior market analyst for Ruesch International in Washington, said the report provided "further evidence to support the view that the worst of the housing downturn may have passed."

The data helped push U.S. stock prices higher as shares of home builders rose. At mid-day, the blue chip Dow Jones industrial average was up over 70 points.

Katerina Brosda, Broker Associate at Century 21 Oceanfront Realty and owner of MiamiJustListed.com is marketing real estate in the greater Miami area and the beaches and she is headquartered in Sunny Isles Beach where activity has been very strong in November and continues in December.

About Katerina Brosda

Katerina Brosda is a preeminent negotiator dominating by far her industry and field of expertise. As the sole principal at MiamiJustListed.com Ms. Brosda is charged with the day-to-day operations of a boutique real estate services and development firm that caters to the haves and wants of an international upscale clientele in the greater Miami area and in particular on the beaches. Ms. Brosda is recognized by the largest real estate services firm in the world, Century 21, as one of its most successful and outstanding professionals. Ms. Brosda’s firm is located in chic Sunny Isles Beach, Florida, a barrier reef island in North Miami (305) 788-9393. 

About Century 21 Real Estate LLC

Century 21 Real Estate is the franchisor of the world’s largest residential real estate sales organization, providing comprehensive training, management, administrative and marketing support for the CENTURY 21 System.  The System is comprised of more than 7,800 independently owned and operated franchised broker offices in 42 countries and territories worldwide. Century 21 Real Estate LLC is a subsidiary of Realogy Corporation (NYSE: H), the world’s largest real estate franchisor.

©2006 Century 21 Real Estate LLC.  CENTURY 21® is a registered trademark licensed to Century 21 Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity.  Each CENTURY 21 Office is Independently Owned and Operated.