ONE Sotheby's latest TRENDS Market report offers an overview of the Miami-Dade and Broward markets in the third quarter of 2014. Number of transactions, average price, median price, average price per square foot, and average days on market are all reviewed and accompanied by the percentage of change in those categories since this time last year. Its business as usual in Miami, the area in the spotlight now more than ever.
A total of 851 transactions of properties over $500K occurred in Miami-Dade County during the third quarter, selling at an average price of $1,378,571 with an average price per square foot of $474 following an average 187 days on market.Miami has always attracted buyers for many obvious reasons. But as of late, beauty and climate arent the only things that keep customers coming back.
The unique culture found in Miami seems to be one that is exclusively their own, and Miami properties offer some of the most desirable prices of large metropolitan areas, making it a great option for those in search of a second-home or investment. Naturally, these factors combine to make it one of the strongest housing markets in the country. Click here to see the entire TRENDS report for Miami-Dade.
Only mere miles north of Miami, and often overlooked by it, you will find Broward County. Dont be fooled by the shadow Miamis popularity casts. The pristine beaches of Hollywood, Hallandale, and Fort Lauderdale need no help holding their own with a total of 637 third quarter transactions of properties over $500K selling at an average price of $897,316. Broward also reported an average price per square foot of $274 after 137 average days on market.
Broward has definitely felt the effects of the overall growth of South Florida, catching the attention of international buyers and developers alike.While single-family homes and condos remain the majority, it wont be long before luxury residences are introduced to the area. Click here to view the full TRENDS report forBroward County. After reviewing the statistics presented in the ONE Sotheby's Third Quarter TRENDS, it is safe to say that the real estate market throughout South Florida is doing well. This area will continue to be a destination for homebuyers and developers well into the foreseeable future.
ONE Sotheby's latest TRENDS Market report offers an overview of the Miami-Dade and Broward markets in the third quarter of 2014. Number of transactions, average price, median price, average price per square foot, and average days on market are all reviewed and accompanied by the percentage of change in those categories since this time last year.
Its business as usual in Miami, the area in the spotlight now more than ever. A total of 851 transactions of properties over $500K occurred in Miami-Dade County during the third quarter, selling at an average price of $1,378,571 with an average price per square foot of $474 following an average 187 days on market.Miami has always attracted buyers for many obvious reasons, but as of late, beauty and climate arent the only things that keep customers coming back. The unique culture found in Miami seems to be one that is exclusively their own, and Miami properties offer some of the most desirable prices of large metropolitan areas, making it a great option for those in search of a second-home or investment. Naturally, these factors combine to make it one of the strongest housing markets in the country. Click here to see the entire TRENDS report for Miami-Dade.
Only mere miles north of Miami, and often overlooked by it, you will find Broward County.Dont be fooled by the shadow Miamis popularity casts, the pristine beaches of Hollywood, Hallandale, and Fort Lauderdale need no help holding their own with a total of 637 third quarter transactions of properties over $500K selling at an average price of $897,316 and an average price per square foot of $274 after 137 average days on market. Broward has definitely felt the effects of the overall growth of South Florida, catching the attention of international buyers and developers alike.While single-family homes and condos remain the majority, it wont be long before luxury residences are introduced to the area. Click here to view the full TRENDS report forBroward County.
After reviewing the statistics presented in the ONE Sotheby's Third Quarter TRENDS, it is safe to say that the real estate market throughout South Florida is doing well and that the area will continue to be a destination for homebuyers and developers well into the foreseeable future.
ONE Sotheby's latest TRENDS Market report offers an overview of the Miami-Dade and Broward markets in the third quarter of 2014. Number of transactions, average price, median price, average price per square foot, and average days on market are all reviewed and accompanied by the percentage of change in those categories since this time last year.
Its business as usual in Miami, the area in the spotlight now more than ever. A total of 851 transactions of properties over $500K occurred in Miami-Dade County during the third quarter, selling at an average price of $1,378,571 with an average price per square foot of $474 following an average 187 days on market.Miami has always attracted buyers for many obvious reasons, but as of late, beauty and climate arent the only things that keep customers coming back. The unique culture found in Miami seems to be one that is exclusively their own, and Miami properties offer some of the most desirable prices of large metropolitan areas, making it a great option for those in search of a second-home or investment. Naturally, these factors combine to make it one of the strongest housing markets in the country. Click here to see the entire TRENDS report for Miami-Dade.
Only mere miles north of Miami, and often overlooked by it, you will find Broward County.Dont be fooled by the shadow Miamis popularity casts, the pristine beaches of Hollywood, Hallandale, and FortLauderdale need no help holding their own with a total of 637 third quarter transactions of properties over $500K selling at an average price of $897,316 and an average price per square foot of $274 after 137 average days on market. Broward has definitely felt the effects of the overall growth of South Florida, catching the attention of international buyers and developers alike.While single-family homes and condos remain the majority, it wont be long before luxury residences are introduced to the area. Click here to view the full TRENDS report forBroward County.
After reviewing the statistics presented in the ONE Sotheby's Third Quarter TRENDS, it is safe to say that the real estate market throughout South Florida is doing well and that the area will continue to be a destination for homebuyers and developers well into the foreseeable future.
ONE Sotheby's latest TRENDS Market report offers an overview of the Miami-Dade and Broward markets in the third quarter of 2014. Number of transactions, average price, median price, average price per square foot, and average days on market are all reviewed and accompanied by the percentage of change in those categories since this time last year.
Its business as usual in Miami, the area in the spotlight now more than ever. A total of 851 transactions of properties over $500K occurred in Miami-Dade County during the third quarter, selling at an average price of $1,378,571 with an average price per square foot of $474 following an average 187 days on market.Miami has always attracted buyers for many obvious reasons, but as of late, beauty and climate arent the only things that keep customers coming back. The unique culture found in Miami seems to be one that is exclusively their own, and Miami properties offer some of the most desirable prices of large metropolitan areas, making it a great option for those in search of a second-home or investment. Naturally, these factors combine to make it one of the strongest housing markets in the country. Click here to see the entire TRENDS report for Miami-Dade.
Only mere miles north of Miami, and often overlooked by it, you will find Broward County.Dont be fooled by the shadow Miamis popularity casts, the pristine beaches of Hollywood, Hallandale, and Fort Lauderdale need no help holding their own with a total of 637 third quarter transactions of properties over $500K selling at an average price of $897,316 and an average price per square foot of $274 after 137 average days on market. Broward has definitely felt the effects of the overall growth of South Florida, catching the attention of international buyers and developers alike.While single-family homes and condos remain the majority, it wont be long before luxury residences are introduced to the area. Click here to view the full TRENDS report forBroward County.
After reviewing the statistics presented in the ONE Sotheby's Third Quarter TRENDS, it is safe to say that the real estate market throughout South Florida is doing well and that the area will continue to be a destination for homebuyers and developers well into the foreseeable future.
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