Major cities in South Florida saw a significant turnaround in the third quarter in what has been a slumping condo market.
Single-family home sales, meanwhile, were mixed.
The Elliman Report released its quarterly analysis of real estate sales for Miami Beach, Fort Lauderdale and West Palm Beach covering July through September, and the condo market is bouncing back.
Condo sales in Fort Lauderdale saw a spike in sales by 20.7% in the year-over-year comparison, to 466 units sold. The median price for single-family homes jumped to $650,000 during the quarter as well, an increase of 16.1%. While it’s the most affordable of the three cities, the Fort Lauderdale home sale price is also nearly double what it was six years ago.
Miami Beach also posted a notable increase in single-family med

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