Boom, Bust or Back???? Miami's Real Estate Market Recovery By Zip Code
Miami's Real Estate Market had a run-up in prices during the boom, the painful crash, and the Miami real Estate recovery has varied dramatically from ZIP code to ZIP code across Miami. Search for your Miami Zip code to explore how prices and sales changed over time in various areas of Miami-Dade and Broward counties for single-family homes and condos.
Here's a look at how Miami Lakes Zip code 33014 performed over the last few years.. Search other zips codes..
Single Family Homes (Miami Lakes, 33014)
Home prices peaked at $461,000 in 2007 and bottomed at $275,000 in 2009
Percent change from...
- '03-'13 +10.6%
- '03-peak +79.4%
- peak-bot. -40.3%
- bot.-'13 +3.4%
- peak-'13 -38.3%
- '12-'13 +3.4%
Condos (Miami Lakes, 33014)
Condo prices peaked at $189,490 in 2007 and bottomed at $60,000 in 2011
Percent change from...
- '03-'13 +21.1%
- '03-peak +99.5%
- peak-bot. -68.3%
- bot.-'13 +91.7%
- peak-'13 -39.3%
- '12-'13 +64.3%
Miami's Real Estate Market Recovery has been found to be uneven in South Florida. Well-to-do neighborhoods such as Coral Gables, Pinecrest and Key Biscayne have made an incredible recovery while inner city home owners are still underwater struggling with home values.
“By contrast, the county’s affluent areas were spared. In the ZIPs covering Coral Gables and Pinecrest, for instance, the median price of a single-family home fell 27 percent from peak to bust, compared with a 45 percent loss in home values countywide during that dark period.” Miami Herald
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