Inspite of value progress throughout the tri-county place, household income tumbled in Miami-Dade and Broward counties in November.
Condos reigned king in Palm Beach County, with revenue dollar quantity surging 26 %, 12 months-in excess of-12 months, in accordance to Numerous Listing Assistance details gathered by the Miami Affiliation of Realtors. Total dollar volume for the area hit $3.5 billion in November, up from $3.4 billion for the duration of the same thirty day period of previous yr.
Miami-Dade County
Complete house gross sales in Miami-Dade County fell 8 %, 12 months-in excess of-calendar year, to 1,651. Solitary-household household gross sales dropped 2 % to 707, when condominium sales plummeted 12 percent to 944.
The median price tag for solitary-family residences jumped 12 % to $615,000. Rental charges rose 6 % to $420,000.
Overall income dollar volume for Miami-Dade attained $1.3 billion in November. Dollar quantity for single-spouse and children residences enhanced 9 p.c, year-about-12 months, to $698 million, though condominium greenback quantity fell 10 p.c to $637 million.
Broward County
Broward County complete residence product sales declined by 5 p.c, 12 months-around-12 months, to 1,830 closings. One-family members household sales dropped 6 per cent to 821. Condominium gross sales fell 4 percent to 1,009.
Solitary-household property median prices surged 11 percent to $600,000. For condos, median rates rose 10 % to $280,000.
Greenback volume for Broward specials hit $1 billion. Greenback volume for solitary-household houses jumped 7 p.c, calendar year-over-calendar year, to $648 million. Condominium quantity spiked 11 percent to $388 million.
Palm Beach County
Whole house profits across Palm Seashore County rose 3 % to 1,695. Single-spouse and children property income slipped by 1 percent to 914. Condominium sales ballooned 8 per cent to 781.
Median prices for both solitary-spouse and children properties and condos elevated 6 per cent to $600,000 and $308,500, respectively.
Sales greenback quantity in Palm Beach hit $1.2 billion, fueled by a 26 p.c annual surge in condominium greenback quantity, which totaled $394 million. Greenback volume for single-relatives residences rose 2 %, year-above-year, to $846 million.
