Household costs surged across South Florida in February.
Condo closings were being down throughout the tri-county location, according to Numerous Listing Provider knowledge collected by the Miami Association of Realtors. Overall greenback volume for residential income reached $4 billion, up from $3.7 billion in February of previous yr.
Miami-Dade County
House gross sales in Miami-Dade County rose 1 %, year-around-yr, to 1,705. One-family property closings jumped 5 per cent to 764, whilst condo revenue fell 3 per cent to 941.
Median costs for one-family members homes surged 17 per cent, reaching $650,000. Median apartment selling prices jumped 8 p.c to $390,000.
Full greenback volume for the county strike $1.5 billion in February. Greenback volume for single-family houses was up 9 p.c, to $767 million. Condo dollar volume elevated 7 p.c to $708 million.
Broward County
In Broward County, total dwelling sales dipped 1 %, yr-above-year, to 1,817 closings. One-spouse and children household profits held regular with 831 bargains, and rental profits dropped 2 % to 986.
Single-loved ones property median rates swelled 12 per cent to $625,000, and condo median selling prices climbed 7 p.c to $290,000.
Broward County greenback volume totaled $1.1 billion. One-relatives greenback quantity ballooned 17 percent, year-about-12 months, to $720 million. Condominium greenback quantity jumped 8 % to $364 million.
Palm Seaside County
Whole residence sales in Palm Beach County fell 2 percent, 12 months-about-year, to 1,762. Solitary-family dwelling sales rose 5 p.c to 1,026 closings. Condominium income plunged 10 percent to 736.
Median prices for one-household properties jumped 12 p.c to $615,000, and apartment median prices grew 5 per cent to $314,000.
Palm Seashore total greenback quantity hit $1.4 billion. Dollar quantity for one-spouse and children homes surged 19 per cent to $1 billion, and apartment greenback quantity climbed 12 percent to $371 million.
