It wouldn’t seem like Florida would be doing well in real estate right now, given the fact that as a state, Miami has been taking somewhat of a battering recently.  But apparently that’s exactly what has been happening.  Just taking a look at the statistics for the sale of various properties in the region, according to the Miami Realtors Association, it seems like right now Florida might just be setting a record.

Every Cloud…

This fact however, has probably stemmed from bad news however, in the Florida housing market.  What’s been happening is that there have been many discount priced foreclosures as well as short sales.  Still, the facts are the facts and there has been an increase in condominium sales by 58 percent as pointed out by Housing Predictor. Further, from its peak in August 2008, there has been a reduction of over 65 percent in the amount of residential properties available in Miami-Dade County.  Close to 60 percent of residential sales – such as bank-owned REOs and short sales – experienced “distress” last month.  This figure was almost 70 percent in September of last year.