Home prices in Miami-Dade and Broward continue to increase
South Florida home prices continue to appreciate in both Broward and Miami-Dade counties. In Miami-
Dade, the average sales price for existing single-family homes for this April is $285,000. It is 9.5% more
expensive compared to April 2015. The average price for single-family homes for April 2015 was
Miami property management stated that although there is an increase of new condo units on the
market, the average sales price for existing condominiums increased by 8%. In April 2015, the average
price was $199,000 but for April 2016, the average price was $215,000.
For both counties, the demand for homes priced below $400,000 remain strong, while there are new
condominiums on the market, the construction of single family homes is scarce.
For homes priced above a million dollars, the market has slowed down. Economists believe that the
slowdown is caused by increased dollar value and economic volatility. Majority of the buyers who
purchase homes beyond a million dollars are international buyer and the volatility of the stock market
has made them cautious.
Meanwhile in Broward County, the prices of existing homes continue to rise, a single-family home costs
$310,000 from $287,900. The average price for condominiums for April 2016 is $126,950; 6.3% higher
compared to last year.« « Previous Article| Next Article » »
At Woodruff Property
Management there is always a
dedicated team who will treat
your home as their own.
- (239) 920-8799 (239) 326-0864
- 557 104th Ave N Naples FL 34108
- Working Hours:
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Areas we serve:
MIAMI, HIALEAH, FORT LAUDERDALE, PEMBROKE PINES, HOLLYWOOD, POMPANO BEACH, WEST PALM BEACH, MIAMI BEACH, BOCA RATON, KENDALL, BOYNTON BEACH, HOMESTEAD, DELRAY BEACH, CUTLER BAY, JUPITER, DORAL, CORAL GABLES