South Florida Housing Prices Continue Climb, Fort Lauderdale Leads in Real Estate Appreciation
Broward County’s median price for existing homes increased 32 percent in September from a year ago. The the Greater Fort Lauderdale Realtors most recent report shows that the county’s median last month was $270,000, compared with $205,000 in September 2012. There were 1,211 home sales, up 13 percent from a year earlier.
Miami-Dade County showed an impressive 18% gain for the same time period, and Palm Beach County rounded out the South Florida real estate market with a healthy 11% gain. Broward’s large price gain continued a 10-month trend in which Broward’s median sale prices have risen year over year by more than 20 percent.
The South Florida real estate market is showing signs of possibly leveling off and catching its’ breath, which we see as a good sign for a stable market. I wouldn’t even mind seeing a little retrenching on median housing prices as we witnessed first hand in California the havoc accelerated appreciation can wreak on the market.
With our investment approach on both designer quality restorations and cash flow properties, Restore 818 is in a unique position two capitalize on the South Florida real estate market for our investors. The type of buyer we focus on for our homes and quality of our restorations places us at the top of the market regardless of the size of the property since there just aren’t homes that compare to ours on the market.
That means not only great ROI but also stability in those returns as the market continues to stabilize. The opportunities in cash flow properties will continue to improve as well as more and more foreign buyers show interest in South Florida real estate.
To learn more about investing in South Florida properties with Restore 818 Inc. simply contact us using the Investor Contact page.