The average price for a South Florida condo east of I-95 is still 15% cheaper than it was during the 2006 peak. According to data from the Southeast Florida MLXchange, between January and June of this year, buyers have acquired an average of about 1,911 condos and townhouses a month at an average price of about $298 per square foot in Miami-Dade, Broward and Palm Beach counties. By comparison, buyers acquired about 1,068 units monthly at an average price of $352 per square foot in 2006. The infusion of investment dollars from foreign buyers combined with luxury-oriented domestic buyers searching for value as well as high rents and the unprecedented development in the area has turned the condo and townhouse resale market around in South Florida.
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 atJuanSolerRealtor@gmail.comTime is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!
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Properties in Miami continue appreciated in double digits in the past years but Miami is still vastly underpriced compared to other global cities in the world. I might be different in a couple of years but for the moment Miami remains a bargain in comparison to London, Hong Kong, Tokyo or New York.
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