The recorded home sales for South Florida are a mixture of figures for the month of August. The single family homes are being bought faster compared to the condominium units, a report from the Florida Realtors revealed.
The slow performance of the closely monitored condominium market in Miami-Dade County continues to go on the same path.
The tri-county area’s sales for the available single family properties have increased by 9.8 per cent and with a total of 4,580 coming from a decline in the previous month of July. The median sales amount has also risen by 8.6 per cent and is now at $315,000.
In other parts of the state, the housing market for the single family homes has also increased by 8.2 per cent with a total number of 25,070 while the median price has also risen by 12.6 per cent and is now $225,000. Out of the four largest areas in the metro, Jacksonville was found to have the highest increase when it comes to closings while Tampa gathers the highest when it comes to growth in value.
The condominium and townhouse market for South Florida is not as good because of the recent decline in sales of about 1.3 per cent which leads to total sales of only 3,785. That figure was included in the nine consecutive months where the volume is lower but it is still good news since the drop is not a double-digit figure compared to the previous months. The median sales price, on the other hand, has rise by 8.3 per cent and is now at $169,000.
All over Florida, the sales when it comes to condos and townhouses have rise by 3.3 per cent and has sold a total of 9,484 units with the median price continuing to grow with 6.7 per cent increase in the past month at $160,000. There are additional more closings in areas such as Jacksonville, Tampa and Orlando.
If you are planning to purchase a condo for sale in Bangkok then it is best to consult a local real estate agent to know the current state of the market.