2012-04-20 — housingwire.com
The median sales price of condominiums in Miami-Dade County surged 46% to $141,700 in March compared to a year earlier, according to the Miami Association of Realtors and the local multiple listing service system.
Distressed properties continue to make up a large portion of sales, but demand is strong, MAR said. In March, 49% of all closed residential sales in Miami-Dade County were distressed.
We wonder what the gains would look like restricted to same-unit (or comparable unit sales. I.e., are prices really going up 46%, or are people (such as foreign buyers) buying larger units?
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