Total pending listings in Broward County were up substantially from October 2010.

Pending listings in the Miami-Dade and especially Broward counties posted double-digit increases in October, further evidence of the phoenix-like resurrection that is apparent in the Miami real estate market.

For Miami-Dade, pending listings were up 10 percent year-over-year, and in Broward, listings were up an impressive 25 percent from October 2010. Even monthly sales were positive for Broward at seven percent.

Jack H. Levine, the 2011 chairman of the Miami Association of Realtors (MAR), said that the pending sales data is further indication of Miami real estate’s relative strength.

“In Miami, where market performance has outpaced the nation, strong pending sales activity has mirrored robust closed sales figures due to international buyers who mainly pay all cash and are not impacted by mortgage financing issues,” Levine said. “However, in other parts of the country, factors such as stronger underwriting standards and appraisal issues are impeding closings that are much more dependent on financing.”

Terri Bersach, the president of the Broward County Board of Governors of MAR, said that she sees Broward’s performance as encouraging.

“We continue to see encouraging market performance in Broward County,” Bersach said. “The fact that contract activity continues to expand month-over-month and year-over-year reflects a healthy and balanced marketplace supported by strong demand and diminishing supply.”

Cumulative pending condominium sales in Broward County dropped .9 percent from 4,336 in October 2010 and four percent compared to the previous month. Cumulative pending single-family home sales rose three percent from 3,317 in October 2010 and 2 percent compared to the previous month.

“Pending sales activity in Broward County denotes strengthening future sales,” said Natascha Tello, president-elect of the Broward County Board of Governors of the Miami Association of Realtors. “The local market continues to exceed expectations and outperform the nation as it benefits from the impact of international buyers.”

In Miami, condominium pending sales also posted strong yearly returns, increasing by 10 percent from last year, while single-family homes were up by 9 percent.

Ralph E. De Martino, MAR’s residential president, said a greater presence of domestic buyers, along with the much-noted international interests, has aided Miami’s market.

“In addition to the unyielding demand from foreign buyers that has boosted the local market and resulted in Miami outperforming the nation, there is also increasing demand from domestic buyers,” De Martino said. “Domestic buyers are now accounting for a higher percentage of closed sales.”