1Q 2014 Condo Report By Area

1Q 2014 Condo Report By Area

North Miami

All condo price indicators were up from last year. Median sales price increased 8.5% to $320,000. Average sales price and average price per square foot were up 14.1% and 15.2% respectively.

Miami Beach

Condo price indicators continued to post sharp gains. Median sales prices increased 16.8% to $353,250 as sales declined 6.7% to 306.

South Beach

Condo price indicators posted double-digit gains. Median sales price jumped 19.6% to $335,000, as sales slipped 11.7% to 362 from the prior year quarter.

Downtown & Brickell

Condo price indicators jumped as sales edged higher.  Median sales price jumped 22.1% to $160,000 as sales increased 5% to 1,689 from the prior year quarter.

South Miami

Condo price indicators surged with shift to larger sizes sales. Median sales price surged 50% to $345,000 as the average square footage jumped 13.5% to 1,360.  * To see full report go to Douglas Elliman Real Estate.

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