Sales Prices Proceed to Rise Despite Mass Inventory in Miami-Dade and Broward
by Sep Niakan | May 07, 2014
Despite the housing inventory boom, prices for condos and single-family homes surged in March.
The median price for condo resales in Miami-Dade County is up 19.8%, reaching $235,000 year-over-year, according to data from the Miami Association of Realtors. This increase was 13% higher than the month before in resale prices. The resale price of single-family homes in Miami-Dade rose 4.4% to $235,000 year-over-year also.
“While additional inventory is creating a more balanced market,” Liza Mendez, chairwoman of the Miami Association of Realtors, said, “strong sales continue to drive growth as Miami remains a focal point for buyers and investors worldwide.”
Existing single-family homes in Broward County received a 10.7% median price increase year-over-year, reaching $268,000, according to data from Greater Fort Lauderdale Realtors. Median condo prices increased by 25.7% to $120,000, compared to the data from March 2013.
Photo credit: Aerial view - condoblog.com
by Sep Niakan | January 05, 2018
Welcome to the other side of the New Year! The side that’s made up of fresh energy, brand new ideas and a whole 365 days of infinite possibilities. A lot of people consider January to be the month when the festive season and all its...
by Sep Niakan | December 31, 2017
The Holiday season may be over, but the festivities don’t have to stop if you’re in Miami. Take a pick of your favorite music, art, fitness or film festival below and let the merriment continue into January 2018. Miami Cruise...
by Sep Niakan | December 21, 2017
Earlier this month, a single bedroom condo in Edgewater went on sale, and made headlines. “What’s so special about that?” you ask. Well, this Miami condo seller will accept Bitcoin only. This 480 NE 30th St. condo is listed for 33...