market reports: June 2013 Real Estate Market Update
- 06/14/13 02:35 AM
June 2013 Real Estate Market Update According to a new report from CondoVultures.com, the downtown Fort Lauderdale and Beach condo market could soon be faced with a shortage of units and increasing prices. Despite a 29% increase in the average resale price of a unit in the first quarter of 2013, the downtown condo market now has less than 6 months of unit inventory available for resale. The prospect of continued rising prices is possible given the current climate of strengthening rental rates, dwindling inventory and the number of newly-proposed condo towers. Of the newly proposed South Florida condos, … (0 comments)
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