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In March, the average sales price for single family homes in Miami-Dade County increased 21.8%
The Miami Association of Realtors is recording a record number of home sales, thanks in large part to increasing interest from foreign investors, cash buyers of distressed properties and vacation-home seekers. The average sales price for single-family homes in the Miami-Dade County area increased 21.8% while average condo prices rose 23% for the year ending in March, according to Florida Realtors Industry Data. That’s a significant jump, particularly when compared to statewide price averages in both categories. Sales dropped all across the state, however, despite better price performance and a continuing demand for the purchase of distressed... read more