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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.

Click Here to Get Miami Real Estate and Beyond by Carol Pawley delivered by email

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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