Key Biscayne Real Estate News
Key Biscayne
Florida Condo Prices Falling as Insurance and HOA Fees Skyrocket
Based on new data from national property broker Redfin, prices of condos in major Florida metros are dropping year-over-year in early 2024, as sales decline. New condo listings inventory is soaring as sellers try to offload their properties.
Greater Miami Area Home Sales Uptick in January, Condo Sales Dip
Miami Realtors are reporting this week that greater Miami-Dade County total home sales and total dollar volume rose year-over-year in January 2024, as South Florida real estate continues to outpace the nation even as mortgage rates return to the 7% range.
Greater Miami Area Home Prices Jump 15 Percent Annually in 2023
Based on new data from the Miami Association of Realtors, greater Miami area single-family home sales increased 1.3% year-over-year in December 2023, from 744 to 754.
Greater Miami Area Residential Sales Dip 8 Percent Annually in November
Based on new data by the Miami Association of Realtors, total Miami-Dade residential sales decreased 7.8% in November 2023, from 1,791 to 1,651, due to elevated mortgage rates and low inventory in key price points.
