News
July 25, 2017
Thanks to Lower Prices, Buyers Return to South Florida
Lower prices on condominiums and single-family homes in South Florida have given the luxury real estate market a bit of a bump, according to a report Tuesday by ONE Sotheby’s International Realty.
Overall, properties valued at $1 million in Miami-Dade and Broward counties are selling for up to 20% less than their original price points, according to the mid-year report. And with those price cuts, which have been deeper for condos than for single-family homes, comes a decline in inventory.