Danny's Blog

Home Prices Continue to Rise

Wednesday, September 30, 2015
Tags:   Miami Beach Condos, Miami Beach Waterfront Homes

Prices throughout South Florida have continued to rise, indicative of healthy market activity and continued interest in properties like Miami Beach waterfront homes. In some additional positive news for any prospective buyers, the pace of these increases is slowing down. Recent reports suggest that the working and middle class is having a bit more trouble when it comes to finding affordable homes due to prices soaring above wages so this news could prove to be beneficial in terms of finding properties that are actually affordable.

Per the S&P/Case-Shiller Home Price Indices Miami-Dade, Broward and Palm Beach County all saw a small increase of .4 percent during the month of July, showing a growth of just over seven percent when compared to July 2014. Back in 2013 home prices surged by at least two percent or more and although price growth has slowed, the small gains are certainly welcome news. Middle-class buyers will hopefully begin to find greater buying opportunities in the coming months.

With steadier prices throughout Miami-Dade County, now is a great time to explore the many buying and investing opportunities in cities like Miami and Miami Beach or the affluent village of Bal Harbour. Danny Hertzberg of The Jills can assist you in finding great properties for sale like Miami Beach condos, the homes of private Fisher Island, and many more. The Jills are ranked as the number one team in the state of Florida. Call 305-505-1950 to speak with Danny and get started exploring Miami-Dade real estate.

 
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