Sun-Sentinel reports real estate sales cool as average prices increase:
“Statewide median sales price rose 31 percent last month to $246,500; a year ago, it was $188,700. In 2000, the statewide median sales price for single-family existing homes was $117,100, which translates to an increase of about 97.8 percent over the five-year period, according to association records.”
Florida cities reporting lower sales last month compared to August 2004 include:
• Fort Walton Beach (where 380 homes sold for of 33% decline)
• Fort Lauderdale (where 966 homes sold for a 25 percent decline)
• Miami (where 1,106 homes sold for a 5 percent decline)
However, the average sales prices were up in each of these cities.
Florida cities reporting higher sales last month compared to August 2004 include:
• Orlando (where 3,418 homes sold for a 9 percent gain)
• Jacksonville (where 1,796 homes sold for a 15 percent gain)
• West Palm Beach (where 1,319 homes sold for a 5 percent gain)
The average sales price rose in:
• Orlando (up 43 percent to $248,000)
• Jacksonville (up 18 percent to $197,200)
• West Palm Beach (up 27 percent to $411,400)
Gus Moore heads up Miami Beach 411 as site administrator. You can reach him at 1-305-754-2206.