1994 Home sales up by 8 percent in Florida's major metropolitan areas, TRW REDI reports.RIVERSIDE, Calif.--(BUSINESS WIRE)--Feb. 1, 1995--Sales of new and existing homes in Florida's major metropolitan areas increased by 8 percent during 1994 to a total of more than 170,000, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. TRW TRW The Real World (TV reality show) TRW The Right Way TRW Tactical Reconnaissance Wing TRW The Retriever Weekly (University of Maryland, Baltimore, MD) TRW Thompson Ramo Wooldridge Inc REDI Property Data. Statistics compiled by TRW REDI, a real estate information company, from recorded deeds deed n. 1. Something that is carried out; an act or action. 2. A usually praiseworthy act; a feat or exploit. 3. Action or performance in general: Deeds, not words, matter most. show that the housing market was particularly strong in West Palm Beach and Miami-Fort Lauderdale Lauderdale is the name of various places:
1 City (1990 pop. 29,101), Pulaski co., central Ark., inc. 1941. The city has varied industries, including printing and publishing and the manufacture of electronic equipment, ordnance, and plastic and metal products. and Orlando Orlando, city, United States Orlando (ôrlăn`dō), city (1990 pop. 164,693), seat of Orange co., central Fla., in a lake region; inc. 1875. In a citrus fruit and farm area, it is one of the world's most visited vacation spots. , sales increased marginally by 3.7 percent and 1.7 percent respectively. Florida's residential sales improved in 1994 despite the rise in interest rates which on a 30 year fixed rate mortgage averaged about 9.3 percent -- 2 percent above the average rate in 1993. "The positive effects of a bouyant economy in the state have outweighed the impact of higher mortgage costs," TRW REDI said. Sales of new homes have also shown strong gains in most markets across the state. Builders sold more than 38,000 new single family residences and condominiums in 1994 -- 18 percent more than the 32,111 sold in 1993. New home sales New Home Sales An economic indicator that measures sales of newly built homes. Released by the U.S. Department of Commerce's Census Bureau, it includes both quantity and price statistics. in the Miami-Fort Lauderdale metropolitan area was up by 35 percent and in Tampa-St Petersburg by 22 percent. New home sales now account for more than one fifth of all residential sales in the state. -0-
Incease In Number of Homes Sold By Major Metropolitan Areas
( 1993 - 1994 )
Metropolitan Area Counties All New
Miami-Fort Lauderdale Broward, Dade 10.5% 35.6%
Tampa-St Petersburg Hernando,Pasco
Hillsborough
Pinellas 8.8% 22.1%
West Palm Beach Palm Beach 11.1% 11.9%
Orlando Orange,Osceola
Seminole 1.7% 4.8%
Jacksonville Clay, Duval
Nassau, St Johns 3.7% -2.2
Total 8.1% 18.4%
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Number of All Homes Sold & Average Prices By County
1993 1994 CHANGE
NO AVERAGE NO AVERAGE NO AVERAGE
BROWARD 28,744 120,916 33,953 119,326 18.1% -1.3%
CLAY 2,174 91,575 2,608 91,048 19.9% -0.6%
DADE 32,862 114,987 34,095 114,514 3.8% -0.4%
DUVAL 11,417 93,204 11,165 93,824 -2.2% 0.7%
HERNANDO 1,721 69,750 1,872 71,570 8.8% 2.6%
HILLSBOROUGH 13,958 100,846 14,948 100,785 7.1% -0.1%
NASSAU 724 99,085 858 108,348 18.5% 9.3%
ORANGE 13,485 108,644 14,420 107,353 6.9% -1.2%
OSCEOLA 3,400 71,403 2,750 88,329 -19.1% 23.7%
PALM BEACH 19,732 137,156 21,928 132,868 11.1% -3.1%
PASCO 5,122 72,127 5,585 70,960 9.0% -1.6%
PINELLAS 15,493 101,593 17,065 97,531 10.1% -4.0%
SEMINOLE 6,648 115,002 6,773 112,220 1.9% -2.4%
ST JOHNS 2,210 129,603 2,498 127,918 13.0% -1.3%
Total 157,690 170,519 8.1%
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Number of New Homes Sold & Average Prices By County 1993 1994 CHANGE NO AVERAGE NO AVERAGE NO AVERAGE BROWARD Broward could refer to:
CLAY 615 101,879 869 98,729 41.3% -3.1% DADE 5,061 125,311 6,852 119,923 35.4% -4.3% DUVAL Duval is a surname, literally translating from french to english as 'of the valley', and may refer to
HERNANDO Hernando may refer to: Places
HILLSBOROUGH Hillsborough or Hillsboro is the name of a number of cities and counties throughout the world. Some take their names directly or indirectly from Hillsborough, South Yorkshire, in England (see below), and others from Hillsborough, County Down in Northern Ireland. 2,693 126,047 2,953 128,616 9.7% 2.0% NASSAU Nassau, former duchy, Germany Nassau (nä`sou), former duchy, W central Germany, situated N and E of the Main and Rhine rivers. It is now mostly included in the state of Hesse, and partly in the state of Rhineland-Palatinate. 136 114,826 136 150,861 0.0% 31.4% ORANGE 4,234 117,845 4,505 121,289 6.4% 2.9% OSCEOLA 1,083 101,763 1,022 97,060 -5.6% -4.6% PALM BEACH 4,450 163,527 4,978 168,291 11.9% 2.9% PASCO 782 103,994 790 103,899 1.0% -0.1% PINELLAS 1,264 137,639 2,078 104,847 64.4% -23.8% SEMINOLE 1,505 130,842 1,622 128,151 7.8% -2.1% ST JOHNS 390 164,545 526 164,423 34.8% -0.1% Total 32,111 38,024 18.4% -0- Note: 1994 sales are estimates based on the first 10 months except in Dade, Broward and Palm Beach where the data is for the full year. For more information, contact Nima Nattagh (Market Analyst) 909/276-3629. CONTACT: TRW REDI, Riverside, Calif. Nima Nattagh, 909/276-3629 |
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