January 6, 2014
Happy New Year!
2013 was a remarkable year for South Florida home values. Single-family homes and condos in Miami-Dade, Broward and Palm Beach counties are projected to gain 83.3 billion dollars in value in 2013, compared to last year’s 49.5 billion dollar gain.
The South Florida real estate market continues to move forward. The past two consecutive years of home value increases follow 5 years of home value declines. The total value of homes in the tri-county area is expected to be 646.8 billion dollars by the end of this year. This marks an annual growth of 14.8 percent. South Florida ranked fourth nationally in cumulative home value gains.
For additional information on South Florida real estate, contact Niki Higgins at 1-888-242-4422.
Source: Sun Sentinel
