July, 27 2014

"Downtown Miami Condo Prices Soar 75%" (GlobeStcom)
MIAMI—Would you believe Downtown Miami condo prices are nearing pre-recession levels? It’s true, according to a new study from the Miami Downtown Development Authority (DDA). Prices for resale condo units in Downtown Miami from the last boom have increased 75% over the past two years, rising from an average of $230 per square foot to $400 per square foot. The DDA credits most of appreciation to value recovery stemming from market stabilization and the launch of new projects since 2011. Read complete story at:
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