Miami Beach homes in particular experienced a good two month performance during January to February per recent statistics regarding South Florida home and condo sales. The very same reasons that have steadily contributed towards encouraging sales have yet again lead to more incremental increases. How did things ultimately work out during those two months?
Single family residences such as Miami Beach homes in Miami-Dade County specifically managed to show improvement, albeit a very modest one. Sales were up by two percent while condo sales did even more modestly at one percent. In some very good news however, the median price for single family homes actually increased this time by four percent instead of tumbling once again and now stands at $191,000.
These welcoming numbers reaffirm what most people already know: South Florida continues its uphill climb towards getting itself out of the real estate slump it's been in for some time now. The tax credit is soon to end which may or may not affect the sales of Miami Beach homes come the summertime, but for now the market remains fragile but mostly on the right track.