Miami Real Estate Now More Balanced
According to the Miami Association of Realtors, Miami's real estate market continued to reflect strength, healthier growth, and more balance between buyers and sellers during the month of May 2014. Miami's Median sale prices increased again for both single-family homes and condominiums in May but remain at affordable 2003 levels. The median sale price for single-family homes increased 12.6% up to $250,000 from $222,000 in May 2013, making 30 months straight of growth. The average sale price for single-family homes increased 21.4 percent from $408,021 in May 2013 to $495,525 last month.
The median sale price for condominiums has increased for 35 consecutive months. Compared to May 2013, the median sale price for condominiums increased by 3.6 to $186,600 from $180,000 a year prior. The average sale price for condominiums increased 3.8 percent to $384,900 from $370,843 in May 2013.
Call me now to schedule a complete presentation of any project in Miami. For Reservation please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.comTime is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!
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