Home Prices Up But Condo Prices Down

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BY MATTHEW HAGGMAN
mhaggman@MiamiHerald.com
Posted on Tue, Apr. 25, 2006

South Florida single-family home prices held strong while Miami-Dade condominium prices weakened in March, according to figures released Tuesday by the Florida Association of Realtors.

Miami-Dade condo prices dropped four percent compared to the same period a year ago. A median priced condo in Miami-Dade was $249,200. In Broward it was $202,600, up 16 percent compared to the same period a year ago.

In the first three months of this year condo prices have swung wildly in both counties.

Meanwhile, single-family home prices were up handsomely in both Miami-Dade and Broward from a year ago. A median-priced single family in Miami-Dade was $383,100 in March, up 19 percent. Broward came in at $368,100, an 11 percent jump.

Single-family home prices were also up compared to the previous month. The number of single-family homes sold were also up sharply in Miami-Dade compared to March last year. More than 940 homes were sold, up 21 percent from March last year.