January 25, 2017
Douglas Elliman recently released the fourth quarter 2016 South Florida market reports covering the Miami Beach, Miami, Fort Lauderdale, Boca Raton, Delray Beach, Welligtion, Palm Beach and Jupiter/Palm Beach Gardens real estate markets. The reports are produced in conjunction with Samuel Miller and serve as an indispensable reference source for home buyers and sellers, the media, financial institutions, government agencies and other market professionals. The reports include an analysis of price trends, sales trends and other metrics to give readers an idea of current real estate conditions, along with historical and emerging market trends.
In Miami Beach and the Barrier Islands, the median sales price for condos increased. The Miami Coastal Mainland report showed a higher median sales price for both condos and single-family homes. Fort Lauderdale had a strong final quarter of 2016, with both condominium prices and single-family home prices rising. Along with Boca Raton, Fort Lauderdale was one of the strongest housing markets in South Florida. In Delray Beach, overall housing prices rose, while luxury market price trends were mixed. The median sales prices for both condos and single-family homes in Wellington and Jupiter/Palm Beach Gardens also increased. Finally, Palm Beach saw a large increase in condo sales, along with fewer days on the market.
We believe it's important for our clients to have access to the most current and accurate information on the South Florida real estate market. We are committed to providing the best service in the industry!
For the full reports, click here.
For more information on buying or selling a home in South Florida, contact Niki Higgins at +1-954-817-2500 or +1-888-242-4422.
