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Miami home prices up 18.2%

October 15th, 2012 Written By Carol Pawley

According to a report by Douglas Elliman Florida in conjunction with appraisal firm Miller Samuel, Miami condominium and single-family home prices are up 18.2% for the year to date. Inventory has fallen 24.7 percent to 11,468 from 15,239 in the third quarter compared to the same period in 2011 and sales have rose 1.4%,  Miami activity contiues to climb. The residential price increase was largely driven by condos, with the median condo sales price rising 28.6% year-over-year in the third quarter to $180,000, while the median single-family home price rose 7.5% to $215,000. The report examined  Miami’s coastal communities, from Pinecrest to Surfside.

I keep up to date on the market.  I make sure my clients are well informed so they make the best decisions when buying or selling their home. Please send me an email at carolapawley@gmail.com or call me at 305-992-6188 if you are interested in buying or selling a home in Miami.

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Great to have you on my site! Seeking to sell or buy property in Coconut Grove, Coral Gables, or anywhere in Miami? I can assist you. Real estate is my area of expertise and Miami-Dade the place I grew up. I know the communities, the schools, the culture, and the business of real estate. I’ve consistently ranked in the top 1% of my field, locally and nationally. I’d love to have the opportunity to introduce myself and discuss your real estate needs. Let’s connect: PH 305-992-6188,EMAIL: carolapawley@gmail.com

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