Summer 2011 Real Estate Market Update

This real estate market update is presented by Ron Shuffield, President of EWM Realtors. Today’s great values, which are truly half those 5 or 6 years ago, are one reason why sales have taken off so much in 2011. However, since January 2011 we have begun to see an increase in our prices, month after month.

Median Prices

Single Family Homes: Miami-Dade County

January 2011 $150,000

May 2011 – $180,000

Single Family Homes: Broward County

January 2011 – $165,000

May 2011 – $190,000

Condominiums: Miami-Dade County

January 2011 – $90,000

May 2011 – $124,000

Condominiums: Broward County

January 2011 – $68,000

May 2011 – $78,000

This is the best time to purchase real estate in South Florida in the past 6 years.

For more information on the South Florida real estate market please contact me at (305) 329-4929 or [email protected].