Tag Archives: condo prices

Pick your poison

When it comes to the current housing and mortgage market, I guess you have to pick your poison.  If rates move lower, there is a very good chance that the economy is slowing and the housing market will struggle.  If rates move higher, the economy may be stronger, but the higher rates will hurt the […]

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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 sale price in Correction territory Our first chart today […]

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Lofty numbers all around

Real estate prices remain lofty in South Florida as we move into the summer months.  The spring is usually an active season for transactions and prices are still holding up for now.  The average sale price of a single-family home in South Florida was down slightly to $521,886 and the average sale price of a […]

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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 […]

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Hot in the city

Summer is here and it’s getting hot South Florida.  Every few weeks we like to update the average sale prices, transaction volume, inventories and foreclosure activity.  Today we will provide a snapshot of the Miami, Florida residential market in comparison to it’s neighbors down here. House prices remain hot (in Miami) House prices in South […]

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Picked off running the bases

If you aren’t careful, you will get picked off while running the bases playing baseball.  Sometimes the game gets a little sleepy and the payers and fans drift away and stop paying attention.  The past decade of federal reserve accommodation in the form of low rates has removed most of the challenges from the real […]

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Winds of change

Winds of change are blowing through the South Florida residential real estate market.  As we move through 2018 it appears that transaction volume is declining.  After several months of slower sales volume, you will typically start to see price declines.  Local real estate agents are usually slow to see the change in the market and […]

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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 […]

Posted in Condo market, Fort Lauderdale real estate, Market Insight, Miami real estate, Palm Beach real estate, South Florida Real Estate | Also tagged , | Comments closed

Are recent sales declines in South Florida storm related or something more?

South Florida residential sales have been on the decline in the past few months, so it may be difficult to blame the storms.   Although transaction volume declined sharply in September, it appears that cracks in the market started in July.  One month does not make a trend, but three months may be an indicator of […]

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Climbing the wall of worry

Party on!  It looks like prices keep climbing in the South Florida residential real estate market, at least through the month of June.   Historically that month has been strong for sales volume and prices, so once we get into the next few months, we should have a better indication if this freight train plans […]

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