Miami condo prices jump 36 percent: report
The Real Deal
By Alex Britell
The median sales price of condominiums in the Miami metro area jumped by 36 percent in January compared to the same period in 2011, according to data from the Miami Association of Realtors released today. The median sales price of single-family homes rose 13 percent in the same period.
“Record demand for Miami properties has caused inventory to rapidly decline, resulting in limited supply,” said Martha Pomares, 2012 chairman of the board of the Miami Association of Realtors. “Now home prices in Miami are significantly rising and sooner than expected.” The average sales price for condos jumped single-family homes rose from $238,527 in January 2011 to $334,952 last month, a 40.4 percent increase. The average condo sales price rose 45.2 percent, from $171,077 to $248,443. Inventory fell by 37 percent over the last year.
Back to Blog
-
UPS PICKS UP MIAMI DEVELOPMENT SITE FOR DISTRIBUTION WAREHOUSE: $31M
The Real Deal by Katherine Kallergis Prologis has sold a 43-acre development site west of Miami International Airport to UPS for $31 million. Records show UPS paid about $16 a foot for the property at 13200 Northwest 17th Street, which is slated to become a distribution warehouse. The land is approved for up to 5.3 […]
Read more -
DOUGLAS ELLIMAN RELEASES EXCLUSIVE 1ST QUARTER 2021 ELLIMAN REPORT FOR THE MIAMI, BOCA RATON, FORT LAUDERDALE, AND PALM BEACH MARKETS
It is with great pleasure that I share with you the just released first quarter 2021 “Elliman Reports” for the Florida sales markets, the leading resource on the state of these markets. Our market reports are produced in conjunction with Miller Samuel to provide you and your clients with the most comprehensive and objective market insight available. Boca Raton/Highland Beach’s brisk market conditions […]
Read more -
DOUGLAS ELLIMAN RELEASES EXCLUSIVE 4TH QUARTER 2020 ELLIMAN REPORT FOR THE MIAMI, BOCA RATON, FORT LAUDERDALE, AND PALM BEACH MARKETS
It is with great pleasure that I share with you the just released fourth quarter 2020 “Elliman Reports” for the Florida sales markets, the leading resource on the state of these markets. Our market reports are produced in conjunction with Miller Samuel to provide you and your clients with the most comprehensive and objective market insight available. Sales in Boca Raton/Highland Beach rose sharply higher […]
Read more -
DOUGLAS ELLIMAN RELEASES EXCLUSIVE 3RD QUARTER 2020 ELLIMAN REPORT FOR THE MIAMI, BOCA RATON, FORT LAUDERDALE, AND PALM BEACH MARKETS
It is with great pleasure that I share with you the just released third quarter 2020 “Elliman Reports” for the Florida sales markets, the leading resource on the state of these markets. Our market reports are produced in conjunction with Miller Samuel to provide you and your clients with the most comprehensive and objective market insight available. Sales in Boca Raton/Highland […]
Read more
