Boom, Bust or Back?? Miami's Real Estate Market Recovery By Zip Code

By
Real Estate Broker/Owner with Realty Empire Incorporated
https://activerain.com/droplet/4gNP

 

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.Miami Housing Recovery | Stephanie Leon


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 

Posted by

 

Stephanie Leon

Real Estate Broker
Realty Empire

6625 Miami Lakes Dr.
Miami Lakes, FL 33014

Contact me at:
786-664-7710
SLeon@RealtyEmpire.net

 

 

                        

  

 

All Rights Reserved. Copyright 2010-2018 Stephanie Leon Realty Empire 

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Rainmaker
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Donald Urschalitz
One World Realty Inc. - Jupiter, FL
P.A. Realtor ABR RSPS North Palm Beach County

Great news, I love Miami.

May 16, 2014 11:23 PM #1
Ambassador
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Norma Toering Broker for Palos Verdes and Beach Cities
Charlemagne International Properties - Rancho Palos Verdes, CA
Palos Verdes Luxury Homes in L.A.

You point out a fact many ignore--the micro markets within a big city can vary dramatically.  The same is true for the greater Los Angeles real estate market.

May 17, 2014 06:45 AM #2
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Rainer
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Stephanie Leon | Miami Lakes Realtor®

Turning For Sale Into SOLD!
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