via E Miami condos
Prices continue to rise in the Miami condo market as we enter the closing weeks of 2015. This chart via E Miami Condos shows nine key South Florida areas over the last 10 years plotted by median price per square foot. Many areas are close to returning to 2005 prices before the Recession of 2008 stuck a fork in the market. Will the market continue to climb in 2016 or take a detour with the supply rocketing?
View the enlarged chart here.
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Hey there, Perla, I was researching condo prices and developments in real estate pricing in the Florida area and I stumbled upon your article. It's good that there are people like you about there reminding the public that real estate prices are on the rise again because this nationwide scepticism is worrying. I understand that the it hasn't been a long time since the crisis but the people need to get more confident. With new projects such as the Sabbia Beach Condos (http://www.sabbiabeachcondos.com) well underway I am highly optimistic about the future of southeast Florida. Best wishes to you, Steve
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