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South Florida Condo Prices Continue to Rise

September 23, 2013

South Florida condo prices rose again in August. Robust demand and limited inventory continue to drive condominium prices in Broward and Palm Beach Counties higher.

The median price for an existing condo in Broward County rose 37 percent in August, compared to August 2012. The median Palm Beach condo price increased 30 percent, on a year-over-year basis.

To satisfy the strong demand, developers are building more units. Forty new condo projects are in various stages of planning and construction in Broward and Palm Beach Counties.

For more information on buying or selling luxury condos in South Florida, contact Niki Higgins at +1-888-242-4422.

Source: Sun-Sentinel

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