While Miami struggles, Broward County’s housing market is looking steady. Jul. July 21, 2016 02:15 PM. By Sean. housing prices continued their steady rise during June. The median price for.
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The average selling prices have been holding up so far. The average selling price of a house in the Greater Fort Lauderdale was $451,918 in January. Condos stood at $222,174. Since last June, the average sale price of a house only declined 2%, but condos declined 16% and look like they hit a wall.
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A total of 45 sales over $1 million were recorded in July, down from 62 in June and about half of the 96 properties sold a year ago. “Although we still have a ways to go, it’s encouraging to see that.
JLL announced today that it has closed the $30.3 million sale of The Gardens at Nova, a 140-unit, value-add multihousing community in Broward County, a prime suburban growth market in South Florida.
Miami-Dade County mid-market single-family home sales increased, and median prices rose for all property types in June, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. Total sales declined last month mainly due to lack of supply in certain price points, but they are expected to increase in the future because of declining mortgage rates.
The national median existing-home price for all housing types in July was $280,800, up 4.3% from July 2018 ($269,300). July’s price increase marks the 89th straight month of year-over-year gains.
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Broward County median sale prices and new pending sales increased for all properties in August 2019, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service.
The median sale price increased 5.6 percent to $380,000 in July. This was the tenth consecutive month that Broward County saw a rise in median sale price. “Investing in the current market conditions could be profitable as summer comes to an end.
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