Broward County’s existing-home prices rise in July

PNC Bank said its home equity lending in Broward County soared 66 percent. for many formerly frustrated homeowners. In palm beach county, 43,630 homeowners still had underwater mortgages in the.

The median price rose to $214,950 from $191,000 in August 2011, although the number dropped by $50 compared to July 2012. Broward’s townhome and condominium market saw a 7.6 percent year-over-year increase in August. Single-family inventory in the county fell by 51 percent in August, with a 44.1 percent drop for condos and townhomes.

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A short drive from the urban bustle of Fort Lauderdale and about 30 minutes north of Miami, southwest Broward County is seeing. project in July. Apartment sizes will run between 700 square feet and.

The median sales price for single-family homes in Broward rose to $290,000 in October, up 5.5 percent from $275,000 in October 2014. Condo and townhomes grew from $119,900 to $129,900, an 8.3 percent year-over-year gain.

According to the Miami Association of Realtors’ Multiple Listing Service (MLS), broward county condominium sales increased seven percent from 1,416 in June 2010 to 1,511 in June of this year. Single-family home sales increased by six percent in June, from 1,205 to 1,274.

Existing-home sales in central Indiana bounced back in July after an unusual off-month in June. Sales jumped 7 percent in July even though prices continued to rise and inventory continued to shrink..

Broward County’s median price for existing homes soared to $275,000, 28 percent higher than a year ago, the greater fort lauderdale realtors said Wednesday.

Broward County home values have gone up 4.6% over the past year and Zillow predicts they will rise 1.4% within the next year. The median list price per square foot in Broward County is $192, which is lower than the miami-fort lauderdale-west palm beach metro average of $221.

South Florida existing home prices rose in April, despite slowing sales momentum. South Florida median home and condo prices rose again in April, amid growing inventory and slowing sales. BY MARTHA BRANNIGAN. MBRANNIGAN@MIAMIHERALD.COM