Douglas Elliman just published their 4Q 2014 Real Estate Market Reportscovering Miami, Fort Lauderdale, Boca Raton, and Palm Beach. After a long hiatus from the pages of Curbed MIami, report author Jonathan Miller of Miller Samuel, lover of charts and graphs, is back to break down the Miami market for us.
The five 4Q 2014 market studies my firm Miller Samuel prepares for Douglas Elliman were published today. To drill down into each of the market areas and see the trends shaped by the 8,205 transactions that were analyzed in the fourth quarter, you can click on the following Elliman Report series links, or read on for some top level observations from each market, after the jump:
Miami Coastal Mainland
Miami Beach/Barrier Island
Boca Raton
Fort Lauderdale
Palm Beach
Here are some top level observations for each market:
Miami Coastal Mainland – One of the best performing markets measured by sale and price trends:
– Overall housing prices continued to rise
– Sales increased sharply from a year ago but inventory rising as well
– Despite inventory rising faster than sales, the absorption period remained low
– Condo price gains outpaced single family price gains
– Distressed condo sales fell sharply