Information On How The Market For El Portal Homes Performed In 2012
Friday, January 25 2013 @ 12:07 am UTC
El Portal homes are considered to be one of the most highly recommended real estate options for people who are looking for a small village setting within Miami. People who are interested in being able to purchase real estate options such as these will be doing the right thing by taking the time to find out how the market performed in 2012.
First of all, the community itself is considered to be so ideal because of its location in the northeastern section of Miami-Dade County in South Florida because it offers an opportunity for people to reside within a place that offers magnificent natural beauty in the form of lush landscapes and tree-lined streets. It is also a bird sanctuary which makes it even more outstanding because people who have always wanted to wake up to birds chirping will find today’s selection of El Portal homes to be the ultimate key to such a lifestyle.
2012 Sales Activity
There were a total of 30 homes sold within El Portal in 2012. A third of all sales were distressed sales which include both short sales and foreclosures which is significantly better than the percentages in 2011 and 2010 as distressed sales made up for up to 52 percent of all sales in 2011 and 72 percent of all sales in 2010.
Real estate experts will agree that the market for El Portal homes is not as remarkable as other communities within Miami today. However, there is no denying the fact that people can definitely see improvements compared to previous years which is why El Portal homes is still a worthy option to consider on today’s property market.
Price Per Square Foot
According to real estate data, the average price per square foot within the community was $132 per square foot with the highest sale going for $214 per square feet and the lowest being $62 per square foot. Property buyers who would like to purchase one of several El Portal homes will find that the price will easily vary based on factors such as the actual location and the condition of the home properties for sale.
Nevertheless, real estate options such as the ones found within the community remain to be one of the best choices for people who are working under a budget.
Most Expensive Sales In 2012
Property buyers will find the most expensive sales within the community to be under $500,000. The most expensive was a three-bedroom, three-bathroom canal-front home which sold for $450,000. The next was a four-bedroom, two-bedroom historic home which sold for $425,000. The third most expensive home sold in 2012 was a three-bedroom, three-bathroom newly constructed home which sold for $415,000.
Much like other housing markets within Miami today, the market for El Portal homes only has a limited number of options available in its inventory supply. If you wish to find out more information regarding the availability of options within the community, you may contact a professional real estate agent for further details.
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