Home Prices in Miami SOAR!

 
Thursday, October 10, 2013

Core Logic released the August numbers over last year and reported the home price index. As anticipated and as we have been discussing to our sellers and buyers, prices are increasing and the inventory remains at about four months in the Miami area. A healthy supply of homes is considered 6 months. With constricted inventory, and no shortage of demand in sight, we predict home prices will continue to increase well into the high season in South Florida. Here are the numbers released from Corelogic. If you are looking to sell your home, we encourage you to list before the season begins. Contact us for more details!

  • Home Prices rose 14.5% from August 2012
  • Prices Increased by 1.4% from July 2013
  • Miami and Miami Beach grew 17.6%, excluding distressed properties
  • Miami and Miami Beach  grew by 2.3% from July 2013
  • Across Florida including distressed homes, prices increased by 12.7%
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Sales Figures

10
3
171
  • $1,097,278
  • $2,093,299
  • $7,566

Sales Figures

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Main Guardhouse:
954-458-2593

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954-456-2448

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954-454-1662