Miami single-family, condo prices rise again in January

The average price of a condo in Miami-Dade County is down 43% to $151,000. In Broward County, the average home sale is down 30% to $219,500 and median condo prices are down 40% to $82,100. In the state, the average cost of a home is $141,300, down 30% from the year before and the median condo cost is $108,800, 37% less than the year before.

 · For the second straight month, miami-dade condo prices were flat. For the second straight month, Miami-Dade condo prices were flat. Search.

The mid-year report, which breaks down market statistics by area and property location, provides useful data on single family homes and condominiums in each area including the average sales price.

The median price of a single-family home in Miami-Dade was $337,500 in August, up 12.5 percent from $300,000 a year ago. For condos, the median price rose to $225,000 from $215,000, up 4.7 percent from the previous year. Broward. Broward County’s housing market sang a similar tune as Miami’s last month.

Miami single-family home prices have risen for 74 consecutive months, a streak spanning more than six years. Existing condo prices rose 3.5 percent, from $222,250 to $230,000 in January. Condo prices have increased in 77 of the last 80 months.

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In January, Miami/Dade had a 32-month supply of single-family homes priced over $1 million and a whopping 76-month supply of condos, according to EWM statistics Mr. Shuffield provided to Mansion.

Miami's Real Estate Market is Benefiting from Rising Sea Levels (HBO) Housing Bubble Watch – Florida Housing Market Update: In January 2019, statewide median home sales price of single-family homes and condo-townhouse properties increased year-over-year for the 85th.

Miami-Dade County single-family home prices increased 3.6 percent in February 2018, increasing from $321,000 to $332,500. Miami single-family home prices have risen for 75 consecutive months, a streak spanning more than six years. Existing condo prices rose 4.5.

“We have a good business climate, low interest rates and low oil prices. single-family home building has not come back at all.. The upper end of the condo market has been exceptionally strong,

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 · Miami single-family home prices have now risen for 63 consecutive months, a streak spanning more than five years. Existing condos increased 6.3 percent, from $206,950 to $220,000. Condo prices have increased in 67 of the last 69 months.

Condo prices also increased in May 2015, marking 47 months of growth in the last 48 months. The median sale price for single-family homes rose 12.8 percent, up to $282,000 in May 2015 from $250,000 in May 2014. The median sale price for condominiums increased 11.1 percent year-over-year to $186,500.