Today’s Number: 42%
Eye-opening real estate stats
Average sales prices for single-family homes increased dramatically in Miami-Dade (42%+), Palm Beach (20%+), and Broward (12.5%) counties, year-over-year.
That’s the word from ONE Sotheby’s International Realty in conjunction with the Rosen Consulting Group, which just dropped a new market report—covering Florida’s East Coast from South Miami to Cocoa Beach—with data presented from a macro perspective down to city level. Please find the full January 2021 report and some highlights below.
- Sales of homes $3M+ have increased for 7 consecutive months
- In January 2021, 17% of single-family homes sold above listed price (compared to only 9% last year)
- Total condo and single-family home listings fell by 7% from December to January, the lowest level in several years.
Miami-Dade: Single-family home price surge decelerates in January; condo pricing recovery continues
Broward: Single-family home sales volume higher than last year; condo pricing per square foot reached a high point
Palm Beach: Single-family home trends continue into January; condo sales volume continued to slow