Market News for Ft. Lauderdale Florida.
No. 25 Worst Housing Market: Deerfield Beach, Fla.
Percentage change: -33.2
MSA: Miami-Fort Lauderdale
Population: 75,018
The Miami-Fort Lauderdale Metropolitan Statistical Area is suffering a glut of condominiums. According to a 2007 Bloomberg article, 20,000 new units were being built in Miami alone, joining 22,924 existing condos already for sale in the county. Like many other communities in the area, Deerfield Beach, in Broward County, has seen a sharp drop in home values following the housing boom of the early 2000s. The median home value in the city is $83,100, according to the Zillow Home Value Index, and the median sale price was $83,400 as of Aug. 31.
Percentage change: -33.2
MSA: Miami-Fort Lauderdale
Population: 75,018
The Miami-Fort Lauderdale Metropolitan Statistical Area is suffering a glut of condominiums. According to a 2007 Bloomberg article, 20,000 new units were being built in Miami alone, joining 22,924 existing condos already for sale in the county. Like many other communities in the area, Deerfield Beach, in Broward County, has seen a sharp drop in home values following the housing boom of the early 2000s. The median home value in the city is $83,100, according to the Zillow Home Value Index, and the median sale price was $83,400 as of Aug. 31.
Comments
Post a Comment
Please feel free to give us your opinion.