September home sales slid across South Florida

Miami /
Oct.October 22, 2016 09:05 AM

Realtors reported the number of September sales of single-family homes in South Florida dropped, compared with last year, while median prices rose.

September single-family home sales in Miami-Dade County fell to 1,066 closings, down 11 percent from last year’s level. However, the median price of a Miami-Dade single-family home sale in September increased to $314,500, up 10 percent from last year.

The September sales slide was smaller in Broward County and Palm Beach County, where median sale prices increased at a faster rate than in Miami-Dade.

September home sales declined from last year by 2 percent in Palm Beach to 1,475 closings and by 3 percent in Broward to 1,423 closings.

Median home sale prices in September rose to $325,000 in Broward, up 12 percent from last year, and $316,000 in Palm Beach County, up 11 percent.

Larry Revier, a Fort Lauderdale real estate agent, told the Sun-Sentinel motivated home buyers are scarcer than a year ago: “We just don’t have buyers lining up and saying, ‘I’ll take it.’”

Douglas Rill, a real estate agent in West Palm Beach, told the Sun-Sentinel political uncertainty ahead of the November 8 presidential election has slowed the pace of home sales: “The election has people anxious,” he said.

But Stephen B. McWilliam, who runs Florida State Realty Group in Fort Lauderdale, told the newspaper that the single-family home market is healthy because “it’s not over-inflated.” [Sun-Sentinel] Mike Seemuth


Related Articles

arrow_forward_ios
Mike Maroone and 2235 Okeechobee Boulevard (Getty, Google Maps)
Maroone drives away with Roger Dean Chevy dealership in West Palm Beach for $13M
Maroone drives away with Roger Dean Chevy dealership in West Palm Beach for $13M
El-Ad’s Yitzhak Tshuva and Zoam Ziv with Savannah Place at 22356 Calibre Court (Google Maps, Linkedin)
El-Ad National sells apartments west of Boca Raton for $31M
El-Ad National sells apartments west of Boca Raton for $31M
Rendering of Plantation apartments with PGIM's Eric Adler and Stiles Corp's Ken Stiles (Stiles)
Stiles, PGIM buy Plantation multifamily dev site from synagogue, score $64M financing
Stiles, PGIM buy Plantation multifamily dev site from synagogue, score $64M financing
Stateland Brown owner-brokers Ayal Frist and Dan Statlander with one of the properties, City National Bank Plaza at 7000 West Palmetto Park (Google Maps)
TJAC Development sells mixed-use portfolio near Boca Raton for $155M
TJAC Development sells mixed-use portfolio near Boca Raton for $155M
Ram Realty CEO Casey Cummings and the development site at 670 East Oakland Park Boulevard (Google Maps)
Ram Realty scores $56M construction loan for Oakland Park mixed-use multifamily project with Sprouts Farmers Market
Ram Realty scores $56M construction loan for Oakland Park mixed-use multifamily project with Sprouts Farmers Market
Cobblestone Commons at 8767 Boynton Beach Boulevard (Google Maps)
Tricor Financial sells Winn-Dixie-anchored Cobblestone Commons near Boynton Beach for $38M
Tricor Financial sells Winn-Dixie-anchored Cobblestone Commons near Boynton Beach for $38M
An aerial photo of Boca Lago Golf & Country Club (Google Maps, iStock)
Boca Lago Golf & Country Club owner wins approval to build a hotel on the property
Boca Lago Golf & Country Club owner wins approval to build a hotel on the property
Alliance HP founders Richard Previdi and Clay Hamlin III with 7233 Seacrest Boulevard, Lake Worth (Alliance)
Alliance spends $17M on Lake Worth industrial property
Alliance spends $17M on Lake Worth industrial property
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...