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DOUGLAS ELLIMAN RELEASES EXCLUSIVE 2ND QUARTER 2018 ELLIMAN REPORT FOR THE MIAMI, BOCA RATON, FORT LAUDERDALE, AND PALM BEACH MARKETS

An overall assessment of the South Florida markets based on price, sales and inventory trends were generally good this quarter. Standout markets were Delray Beach and Fort Lauderdale with both rising prices and sales.

Miami Beach prices trended higher across the overall and luxury markets. The second quarter enjoyed the most sales in three years while the sales size of a luxury condo surged. The overall conditions for Miami Coastal Mainland reflected rising prices, stable sales, and modest inventory gains.

In Fort Lauderdale, there were sharp price gains in the overall condo and single-family markets, and all condo price indicators set new records. Prices in Boca Raton were up as inventory edged higher.

In Palm Beach, the market saw the most sales in three years. Market-wide sales and prices were generally up in Delray Beach.

Single-family prices rose as sales and inventory declined inJupiter. Single-family prices were mixed as sales and inventory also decreased in Palm Beach GardensWellington’s price trends increased.

This update is brought to you by The Kawas Team, specializing in South Beach luxury homes.  The Kawas Team can help you find the right property.  If you would like additional information on pre-construction sales, call 305.608.6681 to speak with an expert.  Visit our website for information on the many new projects throughout the many Miami luxury neighborhoods and beyond.