In order toprovide the most updated insights into key real estate luxury markets, One Sothebys International Realty has released the 2017 Mid-Year Trends Report. Studying both Miami and Broward markets, the report is a snapshot of South Florida's topneighborhoods including everything from properties sold to average prices per square foot, and much more.
The main takeaway from the analysis is a notable increase in the number of homes available on the market despite a 31% increase in price on water front homes, single-family throughout Miami Beach. Waterfront markets leading the first half of 2017 were Key Biscayne, Normandy Isles and the Venetian Island; for non-waterfront, Golden Beach and Bal Harbor were the clear leaders.
Demonstrating a stronger absorption rate, the condo market in Miami Dade remained choppy as predicted in the annual report. Available units in the waterfront market increased about 9% and about 11% in the non-waterfront market. A drop in price was also predicted and has been proved offering great buying opportunities in the condo market, attributed to several pre-construction projects.
The Broward County reports include Western Suburbs, North End, South End and East Fort Lauderdale. Overall, the market in Broward County had a significant increase in price especially in Las Olas, Harbor Beach, Victoria Park and Cole Hammock.
The condo stats for Broward were mostly stable.
To see the complete report: click here.
Created to provide updated insight into key real estate luxury markets, One Sothebys International reality released the 2017 Mid-Year Trends report. Studying both Miami and Broward markets in depth, the report is a snapshot of the whole South Florida Real Estate top area and neighborhoods that includes everything from properties sold to average prices per square foot and much more.
The main takeaway from the analysis is a notable increase in the number of homes available on the market despite a 31% increase in price on water front homes, single-family throughout Miami Beach. Waterfront markets leading the first half of 2017 were Key Biscayne, Normandy Isles and the Venetian Island; for the Non-waterfront Golden Beach and Bal Harbor were the clear leaders.
Demonstrating a stronger absorption rate, the condo market in Miami Dade remained choppy as predicted on our annual report. Available units in the waterfront market increased about 9% and about 11% in the non-waterfront market. A drop in price was also predicted and has been proved offering great buying opportunities in the condo market, attributed to several pre-construction projects.
The Broward County reports include Western Suburbs, North End, South End and East Fort Lauderdale. Overall, the market in Broward County had a significant increase in price especially in Las Olas, Harbor Beach, Victoria Park and Colee Hammock.
The Condo stats for Broward were mostly stable.
For more detailed information click here Created to provide updated insight into key real estate luxury markets, One Sothebys International reality released the 2017 Mid-Year Trends report. Studying both Miami and Broward markets in depth, the report is a snapshot of the whole South Florida Real Estate top area and neighborhoods that includes everything from properties sold to average prices per square foot and much more.
The main takeaway from the analysis is a notable increase in the number of homes available on the market despite a 31% increase in price on water front homes, single-family throughout Miami Beach. Waterfront markets leading the first half of 2017 were Key Biscayne, Normandy Isles and the Venetian Island; for the Non-waterfront Golden Beach and Bal Harbor were the clear leaders.
Demonstrating a stronger absorption rate, the condo market in Miami Dade remained choppy as predicted on our annual report. Available units in the waterfront market increased about 9% and about 11% in the non-waterfront market. A drop in price was also predicted and has been proved offering great buying opportunities in the condo market, attributed to several pre-construction projects.
The Broward County reports include Western Suburbs, North End, South End and East Fort Lauderdale. Overall, the market in Broward County had a significant increase in price especially in Las Olas, Harbor Beach, Victoria Park and Colee Hammock.
The Condo stats for Broward were mostly stable.
For more detailed information click here Created to provide updated insight into key real estate luxury markets, One Sothebys International reality released the 2017 Mid-Year Trends report. Studying both Miami and Broward markets in depth, the report is a snapshot of the whole South Florida Real Estate top area and neighborhoods that includes everything from properties sold to average prices per square foot and much more.
The main takeaway from the analysis is a notable increase in the number of homes available on the market despite a 31% increase in price on water front homes, single-family throughout Miami Beach. Waterfront markets leading the first half of 2017 were Key Biscayne, Normandy Isles and the Venetian Island; for the Non-waterfront Golden Beach and Bal Harbor were the clear leaders.
Demonstrating a stronger absorption rate, the condo market in Miami Dade remained choppy as predicted on our annual report. Available units in the waterfront market increased about 9% and about 11% in the non-waterfront market. A drop in price was also predicted and has been proved offering great buying opportunities in the condo market, attributed to several pre-construction projects.
The Broward County reports include Western Suburbs, North End, South End and East Fort Lauderdale. Overall, the market in Broward County had a significant increase in price especially in Las Olas, Harbor Beach, Victoria Park and Colee Hammock.
The Condo stats for Broward were mostly stable.
For more detailed information click here
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