August sales of single-family homes higher across S. Florida

Realtors: August sales of condos also rose in Broward and Palm Beach but fell in Miami-Dade

TRD MIAMI /
Oct.October 02, 2016 09:00 AM

August sales of single-family homes increased from last year’s volume by 9 percent in Miami-Dade, 11 percent in Broward and 12 percent in Palm Beach County.

August sales of condos also rose in Broward and Palm Beach but fell in Miami-Dade for the ninth consecutive month compared to the same month last year.

Realtors groups in Miami, Fort Lauderdale and Palm Beach County also reported that single-family homes listed for sale in August fell 11 percent from the same month last year in Broward.

However, the August inventory of single-family listings increased 6 percent in Palm Beach County and 10 percent in Miami-Dade.

Median sale prices of single-family homes in August were higher in all three counties than in August 2015, especially in Miami-Dade, where the median surged 15 percent to $315,000.

The August median increased 6 percent to $325,000 in Broward and 7 percent to $315,000 in Palm Beach County. Half of all properties sell at prices above the median and half at prices below.

Despite lower August condo sales than last year, Miami-Dade also had a median condo sale price of $215,000, up 6 percent from August 2015.

Median condo sale prices in August rose  by 7 percent from last year in Broward to $144,755 and by 9 percent in Palm Beach County to $160,000. [Sun-Sentinel] — Mike Seemuth


Related Articles

arrow_forward_ios
Quadro at Design District and Rainmundo Onetto

Alta Developers launches sales of Quadro at Design District

Jonathan Sobel and his units at the Surf Club (Credit: Realtor and Redfin)

Ex-Goldman Sachs partner picks up Surf Club condos at a discount

Elliot Eisenberg and his Aventura condo

Telling move: Housing expert relocating to South Florida for tax savings

Bruce Eichner and his Continuum penthouse (Credit: Douglas Elliman)

Bruce Eichner slashes listing on his Continuum penthouse, and eyes next Miami project

Rendering of Legacy Hotel and Residences with Dan Kodsi and Peggy Olin

Developer Dan Kodsi plans hotel-condo tower at Miami Worldcenter

Chad Carroll, Cyril Matz and Fernando Alves with unit 2501 at Oceana Bal Harbour

Brazilian retail mogul buys Oceana Bal Harbour condo for $8M

Ugo Colombo, Brickell Flatiron and Vanessa Grout (Credit: Golden Dusk Photography)

Ugo Colombo completes 64-story Brickell Flatiron condo tower

Janine Yorio

NYC startup to buy Miami condos at a discount and open to investors

arrow_forward_ios
Loading...