Miami Condo Market and Lifestyle Updates
Miami Home Prices Rise 10.5% in August, but Price Gains Are Slowing

Miami Home Prices Rise 10.5% in August, but Price Gains Are Slowing

by Sep Niakan | November 10, 2014

Miami home prices are having biggest annual gain among the 20 cities tracked by S&P/Case-Shiller index.

Miami’s home prices have risen 10.5% in August since a full year before.

Even though Miami is higher than the rest of the 20 cities in price gains, the pace has slowed for them as well.

In February, prices of homes in Miami jumped 16% since the year before.

Home prices in Miami-Dade, Broward, and Palm Beach rose 0.3% from July to August according to the index. That statistic is lower than the 0.8% increase that was in the June to July time frame.

The 10-city composite index went up 5.5% since last year, and the 20-city comopsite index went up 5.6% during the same time.

“The deceleration in home prices continues,” David Blitzer, the chairman of the S&P Dow Jones Indices committee said, “Despite the weaker year-over-year numbers, home prices are still showing an overall increase, as the national index increased for its eighth consecutive month.”

The S&P/Case-Shiller index follows the re-selling of single family homes that have sold at least twice.



Photo credit:

Recent posts


7 Must-Do Pre-Halloween Events

by Sep Niakan | October 13, 2016

I know Halloween’s around the corner and it’s a given it will be the highlight of everyone’s social calendar. Miami’s Fall calendar is full of exciting events and here’s the low-down on how you can enjoy the run up to...

Real Estate News

With Approved 960-Foot Brickell Market Place, a Headache for Brickell Heights?

by Sep Niakan | September 27, 2016

Claro Development’s latest at 10 SW 8th Street is going to be a tall order, literally! Fresh-approved by the FAA, the Brickell Market Place is set to rise up to 954 feet above ground, or 960 feet above sea level. Approved after a seven-month...

Real Estate News

An Edgewater Miami Hotel Joins the Micro-unit “Tiny Homes” Trend

by Sep Niakan | September 26, 2016

Come year-end, Miami’s Edgewater neighborhood will be home to one of Best Western International’s first boutique hotel brand offerings - Vib. Best Western’s chosen only 20 key urban markets (including Miami) across North America to...

Real Estate News

Skyrise Miami: Future Tourist Destination and Hard Pill to Swallow for Miami Locals

by Sep Niakan | September 23, 2016

The Berkowitz Development Group, describes SkyRise as their “abstract version of the Statue of Liberty”. Approved in 2014, this R-shaped structure is being built in tandem with the revitalization of Bayside Marketplace. The tower will be...