“The median price of a single-family home in Miami-Dade increased 19% during 2013, while the median price of a condo in Miami-Dade increased 12%. We have had double-digit annual median price increases for over 24 months for both single-family homes and condos in both Miami-Dade and Broward counties. With the increasing inventories and new construction underway, median price increases will likely temper back in 2014 to single-digit levels. With the large numbers of new condos being offered at pre-construction (primarily in Miami-Dade), the number of available units will be increasing fairly rapidly over the next 24 months; therefore we will be keeping a close watch on the number of newly constructed units, as well” Managing Broker of EWM Realty International, Ron Shufffield indicates in his “Focus on 2014 South Florida Market Report”.
Great time to buy or sell … Call us today, but don’t wait. Restivo/Hechtman Team at EWM Realty Int’l 305 793-1365 … 305 632-0164
