Miami Condo Market and Lifestyle Updates
South Florida's Hot Housing Market continue to Cool Down

South Florida's Hot Housing Market continue to Cool Down

by Sep Niakan | August 15, 2014

Home prices in South Florida are still increasing year-over-year. However, the rate of increase is slowing down every month according to Standard & Poor’s Case-Shiller index.

The Case-Shiller index for Broward county, Palm Beach county, and Miami-Dade county have surged 14.7% between April 2013 and April 2014. However, the year-over-year increase in March was 16.2%.

Case-Shiller tracks the value of similar homes over time in 20 metropolitan areas. According to the Sun-Sentinel, Boston was the only metro area that increased year-over-year in April.

The latest index agrees with reports from South Florida real estate groups, which report that year-over-year home price gains are slowing.

Broward County’s median price in May for existing homes was $280,000, 10% up from last year. Palm Beach County's the median price was $281,900, or 7% up from May 2013. Both counties have seen price increases of over 20% since last year.

 

Source: therealdeal.com

Photo credit: Fourt Lauderdale waterfrontlife.com,

Recent posts

Lifestyle

What to do for November in Miami?

by Sep Niakan | November 02, 2017

It’s Thanksgiving month and you’ll have plenty to be grateful for if you’re in Miami. The run up to the holiday season just got more exciting. Catch comedy nights, live concerts, art shows, parades and even a NASCAR championship...

Real Estate News

Miami’s New and Pre-Construction Condo Update: September 2017

by Sep Niakan | October 29, 2017

From Hurricane Irma’s impact to change of sales teams, we have it all covered in our September Issue of pre-construction news from Miami’s condo market. Read on to know more…     Completed   Louver House...

Real Estate News

Luxury Miami Condo Report : Sept 2017

by Sep Niakan | October 25, 2017

Miami Luxury Condo Report Overall Market Report Summary City and Neighborhood Luxury Condo Reports             Miami Beach Luxury Condo Report                  ...

Real Estate News

Miami’s Luxury Real Estate Makes a Statement with High-fashion Brands

by Sep Niakan | October 23, 2017

Love the finer things in life? Swear by your brands? What if you could “live” in one of your favorite brands? In Miami you can do just that. From Fendi to Armani and Porsche, the luxury branded condo trend has hit Miami in a big...