{"id":22647,"date":"2025-10-27T18:45:09","date_gmt":"2025-10-27T18:45:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/22647\/"},"modified":"2025-10-27T18:45:09","modified_gmt":"2025-10-27T18:45:09","slug":"south-florida-cities-see-mixed-results-for-late-summer-condo-sales","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/22647\/","title":{"rendered":"South Florida cities see mixed results for late-Summer condo sales"},"content":{"rendered":"<p style=\"text-align: justify;\">Major cities in South Florida saw a significant turnaround in the third quarter in what has been a slumping condo market.<\/p>\n<p style=\"text-align: justify;\">Single-family home sales, meanwhile, were mixed.<\/p>\n<p style=\"text-align: justify;\">The <a href=\"https:\/\/www.elliman.com\/corporate-resources\/market-reports\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer nofollow\">Elliman Report<\/a> released its quarterly analysis of real estate sales for Miami Beach, Fort Lauderdale and West Palm Beach covering July through September, and the condo market is bouncing back.<\/p>\n<p style=\"text-align: justify;\">Condo sales in Fort Lauderdale saw a spike in sales by 20.7% in the year-over-year comparison, to 466 units sold. The median price for single-family homes jumped to $650,000 during the quarter as well, an increase of 16.1%. While it\u2019s the most affordable of the three cities, the Fort Lauderdale home sale price is also nearly double what it was six years ago.<\/p>\n<p style=\"text-align: justify;\">Miami Beach also posted a notable increase in single-family median home prices, jumping 16.8% year-over-year to $2.91 million.<\/p>\n<p style=\"text-align: justify;\">Condo sales also ticked up in Miami Beach, increasing 3.6% compared to a year ago to 628 units sold.<\/p>\n<p style=\"text-align: justify;\">West Palm Beach saw some continued sluggishness with 417 condo sales, posting a 12.2% decrease for the quarter compared to a year ago, when 475 units were sold.<\/p>\n<p style=\"text-align: justify;\">The median sales price for single-family homes jumped for the quarter to $867,000, a 7% year over year.<\/p>\n<p>The South Florida city-specific sales are generally upbeat, but nowhere near the wild increase that was seen in the monthly report <a href=\"https:\/\/floridapolitics.com\/archives\/759003-south-florida-sees-huge-spike-in-september-home-sales-due-to-lower-interest-rates\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">for September<\/a>.<\/p>\n<p style=\"text-align: justify;\">The Elliman Report for sales last month took in the analysis for each county as a whole. Palm Beach County in September saw a 497.7% increase in single-family home sales compared to a year ago.<\/p>\n<p style=\"text-align: justify;\">Broward County witnessed a 320.9% jump in year-over-year sales for single-family homes.<\/p>\n<p style=\"text-align: justify;\">And Miami-Dade County saw single-family home sales surge by 118.3% in comparison to a year ago.<\/p>\n<p style=\"text-align: justify;\">Condo sales for September also saw extreme increases, with Palm Beach County numbers jumping 603.3% compared to a year ago. Broward saw a spike of 441.3% and Miami-Dade registered a 193.4% hike for the month.<\/p>\n<p style=\"text-align: justify;\">\u201cThe decrease in mortgage rates over the past two months spurred the release of pent-up demand as new signed contracts rebounded from last year\u2019s multi-year lows. The increase in sales prevented new listings from rising during the same period for the past two months,\u201d Elliman Report analysts concluded in a news release.<\/p>\n","protected":false},"excerpt":{"rendered":"Major cities in South Florida saw a significant turnaround in the third quarter in what has been a&hellip;\n","protected":false},"author":2,"featured_media":22648,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[17549,17550,249,251,250,123,9097,17551,17552],"class_list":["post-22647","post","type-post","status-publish","format-standard","has-post-thumbnail","category-fort-lauderdale","tag-condominium","tag-elliman-report","tag-fort-lauderdale","tag-fort-lauderdale-headlines","tag-fort-lauderdale-news","tag-miami","tag-palm-beach","tag-single-family-homes","tag-third-quarter"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/22647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=22647"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/22647\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/22648"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=22647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=22647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=22647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}