Miami single-family, condo prices rise again in January

Residential sales in Miami-Dade County rose 6.6 percent in May, year-over-year, to 2,796. Single-family home sales increased by 10.2 percent to 1,355, while condo sales increased 3.5 percent to.

Single-family home sales were up in Miami-Dade County and down in Broward County during the first quarter of this year, while prices continued to rise in both counties. and up 6.6 percent for.

Median sale prices for single-family homes increased by 13.7 percent in January over January 2015. Prices for condominiums and townhouses rose 8.75 percent during the same period, according to.

Miami-Dade County, which also had its 15-month streak of declining condo sales broken in March, saw condo sales fall again. prices will continue to rise due to demand.” Florida Realtors Chief.

Best April for Miami Condominium Sales Since 2015. Sales in the $150K to 0k range led the charge in the robust April for Miami existing condominiums. The existing condo market had 679 sales in the $150K to $300K range in April 2018, up 46.7 percent from the 463 transactions a year ago.

Sales of existing condos in Miami-Dade. The median price of an existing single-family home in Broward dipped 1.1 percent to $267,000 in November from $270,000 a year earlier, the first.

“It’s actually very cheap in Miami compared to here.” surging real estate prices in Brazil and. As many as half of the downtown Miami condos that have been sold to foreigners for more than $500,000.

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Miami-Dade County single-family home prices jumped 14.8 percent in January 2017, increasing from $270,000 to $310,000. Miami single-family home prices have now risen for 62 consecutive months, a streak spanning more than five years. Existing condos increased 8.4 percent, from $205,000 to $222,250.

They declined in Miami-Dade County. The median price of a single-family home was $355,000 in June, up 6 percent from the previous year. The median price of a condo rose at a slower pace, up 2.1.

Condos and single-family. Prices are continuing to rise in Miami due to a sharp decline in distressed sales and lack of overall inventory. Non-luxury and luxury both spent more time on the market.

Housing Sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.