Miami single-family, condo prices rise again in January

Condo prices also increased in May 2015, marking 47 months of growth in the last 48 months. The median sale price for single-family homes rose 12.8 percent, up to $282,000 in May 2015 from $250,000 in May 2014. The median sale price for condominiums increased 11.1 percent year-over-year to $186,500.

Miami residents need to earn an annual salary of around $67,000 to be able to afford a median-price home of $310,000, according to a national study from HSH that looked at 27 metro areas across.

Miami single-family home prices have risen for 74 consecutive months, a streak spanning more than six years. Existing condo prices rose 3.5 percent, from $222,250 to $230,000 in January. Condo prices have increased in 77 of the last 80 months.

Miami Real Estate continues selling close to List Price Miami single-family homes and condominiums continue to sell close to asking price, reflecting a strong consumer demand. The median number of days on the market for Miami single-family homes increased 4.9 percent to 43 days in June 2015 from 41 days in June 2014.

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Residential prices in Miami, meanwhile, continued to rise for the 62nd consecutive month. Asking prices for single-family homes rose by nearly 15 percent in January 2017, up from $270,000 to $310,000.

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In the village of Wellington, luxury sales prices soared 88.2% to a median of $2 million, while Miami Beach houses saw their worth increase 33% to $8 million compared to the same three months in.

Miami-Dade County single-family home prices increased 3.6 percent in February 2018, increasing from $321,000 to $332,500. Miami single-family home prices have risen for 75 consecutive months, a streak spanning more than six years. Existing condo prices rose 4.5 percent, from $220,000 to $230,000 in February.

Median sale prices for single-family homes increased by 13.7 percent in January over January 2015. Prices for condominiums and townhouses rose 8.75 percent during the same period, according to.

Boutique condo projects designed to appeal to buyers seeking the privacy of a single-family home with the convenience. With an expected completion date in January 2017, the Louver House has units.