Miami Condo Sales Prices and Volume Rise in 1st Quarter of 2012
Even with a jump in prices, sales of Miami condos still soared in the first three months
of this year.
According to the Miami Downtown Development Authority, 1,000 Downtown Miami
condos were...
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Miami Condo Sales Prices and Volume Rise in 1st Quarter of 2012
Even with a jump in prices, sales of Miami condos still soared in the first three months
of this year.
According to the Miami Downtown Development Authority, 1,000 Downtown Miami
condos were sold from January to March of this year.
This is a 26.
7% increase in
comparison to the data in the same period last year.
In the first quarter of 2012, the average Downtown Miami condos sales price was
$371,084, the Miami Downtown Development Authority reported.
This first quarter
condo sales price data is a 5.
2 % jump compared to last year’s data.
“Downtowns across the country are seeing a resurgence as young professionals seek a
more urban lifestyle.
Yet nowhere is this trend more apparent than in downtown Miami,”
Alyce Robertson, executive director of the Miami Downtown Development Authority, told
the Miami Herald.
Foreign buyers and investors are playing a big role in the volume of home sales, this
according to Martha Poma
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