Condo market

Condos in South Florida. Sales, prices and transaction volume.

Just waiting on the buyers…..

There are plenty of condos available in South Florida, they are just waiting on buyers to emerge.  The current inventory from Miami to Palm Beach has reached a level we haven’t seen since we emerged from the housing crisis.  In February there were 32,578 condos available for sale.  This is the highest inventory since June […]

Also posted in South Florida Real Estate | Tagged , , , | Comments closed

What to watch in the condo market

What are a few things to watch in the South Florida condo market?  Inventory, transaction volume and sale prices will tell you everything you need to know.  Today we will take a look at the Broward County / Greater Fort Lauderdale market with some charts. Available condo inventory The number of condos on the market […]

Also posted in Fort Lauderdale real estate, Market Insight | Tagged , | Comments closed

Price action – going nowhere fast

Price action hit a wall in the South Florida residential market.  Today we will look at the median sale prices of single-family homes and condos in Miami, Fort Lauderdale, Boca Raton and surrounding areas. Existing home sales  on a national level look like they are exhausted as well.   South Florida was ground zero during the last […]

Also posted in Fort Lauderdale foreclosures, Miami foreclosures, Palm Beach foreclosures, Single-family homes, South Florida Real Estate | Tagged , , , | Comments closed

Has the condo correction already started?

Has the condo correction already started in South Florida?  By looking at the latest numbers, it appears so.  Today we will focus on Broward County, which includes the cities of:  Fort Lauderdale, Pompano Beach, Deerfield beach, Hollywood and Hallandale Beach just to name a few. Average condo sale price in correction territory Our first chart […]

Also posted in Fort Lauderdale real estate, Market Insight | Tagged , , , , | Comments closed

Will they see it this time around?

Will the real estate agents see it this time around?  So many of them were blindsided by the last downturn.  They were busy selling and collecting commissions on overpriced properties, ignoring all of the signs of a frothy market.  My guess is they won’t see it, because they don’t want to.  More importantly, real estate […]

Also posted in Fort Lauderdale real estate, Market Insight, Mortgage rates, South Florida Real Estate | Tagged , , , | Comments closed

Trick or Treat?

It’s trick or treat time in the South Florida real estate market.  Not just because we are at the end of October, but we may finally see changes in the market,. Higher mortgage rates may finally be doing some damage and could impact selling prices going forward.  Our first chart shows the average selling price […]

Also posted in Fort Lauderdale real estate, Market Insight, Single-family homes | Tagged , , | Comments closed

Cooling process

A cooling process is underway in the South Florida residential real estate market.  Prices are stretched and buyers are finally taking notice.  It has been ten years since the housing bust and some of the same behavior is present in the market today.  Let’s look at a few charts. Condos cooling off? During the month […]

Also posted in Fort Lauderdale real estate, Market Insight, Mortgage rates, South Florida Real Estate | Tagged , , , | Comments closed

Watching the charts

We are watching closely as the charts of South Florida real estate may be changing.  Today we will look at the sale prices, transaction volume and foreclosure activity in Miami-Dade, Broward and Palm Beach County Florida.  Just as the speculators are getting excited (again), they may be the bag holders for the second time in […]

Also posted in Market Insight, Single-family homes, South Florida Real Estate | Tagged , , , | Comments closed

Pump it up

Pump it up!  Memorial Day weekend is here and it’s time to kick back, relax and look at a few charts of the South Florida residential real estate market. Today we will look at the average sale prices, transaction volume, mortgage rates and foreclosure filings. Pump up the prices The April existing home sales data […]

Also posted in Market Insight, Single-family homes, South Florida Real Estate | Tagged , , , , | Comments closed

Line in the sand

The South Florida condo market appears to be crossing a crucial line in the sand.  During the month of February, the number of condos listed for sale reached 31,137.  That surpassed the recent high of 31,055 condos listed for sale in February of 2017.  Prior to that, we have to look back to June of […]

Also posted in Fort Lauderdale real estate, Market Insight, Miami real estate, Palm Beach real estate, South Florida Real Estate | Tagged , , | Comments closed
  • Meet the Broker
  • Commercial Listings
  • Residential Listings
  • Allied Realty Group, Inc
    2550 North Federal Highway
    Suite 200
    Fort Lauderdale, FL 33305

    Phone: 954-586-8400
    Fax: 954-586-8410
    Email: Contact Us
  • Skyscrapers
%d bloggers like this: