Double-digit growth in sales of Miami-Dade homes and condos

condo/townhouse, market the number of cash sales fell 27.5% year over year, but still accounted for more than half, 57.4%, of all sales in the fourth quarter. mar reports home prices have continued to increase despite the slowdown in sales.

Average sales prices were also marked by double-digit growth. The average sales price of a Miami single-family home in October was $ 421,546, a 29.9% increase compared to $ 324,611 at the same time last year. Similarly, average Miami condo prices increased by 11.8% to $ 296,568 relative to the prior year where the average price was $ 265,225.

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Existing home sales, including condos and single-family, in Miami-Dade County totaled 1,230 in March. Robust condo sales have helped absorb a surplus of inventory that has limited price growth in.

South Florida home sales were. at the current sales pace to widen to 5.7 months. That’s a balanced market. Condo/townhouse sales in Miami-Dade dropped 13.6 percent to 1,150 – the ninth consecutive.

"Non-distressed Miami single-family home transactions have now increased for six consecutive months. Miami is also seeing strong demand at mid-price points in both existing single-family homes and condos." median sale prices for existing Miami-Dade County single-family homes rose 12.5 percent in June to $315,000, according to the newly-released.

Thus, the high ratio of cash sales in Miami – Dade, about twice the national average, coupled with the high percent of foreign buyers, further the continued indicates appeal of the local market to these buyers. Traditional arms-length sales continue to account for the greatest share of total condo and townhouse 2 percent in sales, 7 2015:Q1.

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Non-Distressed Miami Homes Register Double-Digit Sales Growth in June by | Jul 21, 2016 Non-distressed Miami single-family home sales increased 11.3 percent in June as median home prices rose for the 55th consecutive month, according to new report from the MIAMI Association of REALTORS (MIAMI) and the Multiple Listing Service (MLS) system.

Average sales prices were also marked by double-digit growth. The average sales price of a Miami single-family home in October was $421,546, a 29.9 percent increase compared to $324,611 at the.