House For Sale At 19141 N Bay Road In Sunny Isles Beach

The currently best home for sale in Sunny Isles Beach sits in Golden Shores in Sunny Isles Beach and is listed by Brosda and Bentley Realtors. The 6008 square feet house has a luxurious backyard pool, finest finishes and is in walking distance to the beautiful Sunny Isles Beach beaches.

The Miami mansion features 6 bedrooms, 7 baths, plus a library, fireplace, Jerusalem marble and Brazilian Cherry wood flooring. The house for sale also has a 2-car garage.

The total number of listings, including single-family homes and condominiums, that pended* in Miami-Dade County during the month of August increased 15 percent, from 2,693 to 3,087, year-over-year and decreased nine percent compared to the previous month, according to the 25,000-member MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) systems.  The number of single-family and condominium listings that pended in August increased 26.3 percent and 6.28 percent respectively compared to August 2011.

“Pending sales in the Miami real estate market remain at historically strong levels, particularly when considering the current shortage of local housing inventory,” said Martha Pomares, 2012 chairman of the board of the MIAMI Association of REALTORS. “Pending sales continue to reflect strong demand compared to record sales levels in 2011.  This activity is driving home prices to rise sooner and stronger than expected.”

Total cumulative pending home sales** – including single-family homes and condominiums - in Miami-Dade County currently are one percent above what they were a year ago, up from 11,915 to 12,222, but 1.5 percent below what they were the previous month, down from 12,210.

Pending sales of single-family homes were 10 percent above what they were a year earlier, up from 4,941 to 5,435, and 0.5 percent above the previous month, when pending single-family homes sales totaled 5,407. Pending sales of condominiums were 5.5 percent lower than they were a year earlier, down from 6,974, and 3.1 percent below what they were the previous month, down from 6,803 to 6,587.

“The Miami real estate market has experienced rising demand from international buyers over the last year,” said 2012 MIAMI Association of REALTORS Residential President Patricia Delinois. “Foreign buyers have been and continue to be an instrumental factor in strengthening the Miami real estate market unlike any other in the nation.  As a global city, Miami will continue to draw demand from international buyers and investors long into the future.” 

Nationally, the Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 2.6 percent to 99.2 in August from 101.9 in July, according to the National Association of Realtors. The index is 10.7 percent higher than the 89.6 index reported in August 2011.

Increased pending sales are an indication of increased future sales. A sale is listed as pending when a contract is signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

*“Pended sales” are defined as only the sales that pended during a particular month

**”Total cumulative pending sales” refer to all sales cumulatively pending at the end of a particular month.

Miami real estate buyers may contact the Miami Real Estate Hotline or look at the video and call (786) 406-1757.