Medium-priced home sales flourish in Miami-Dade and Broward Counties

Posted on Wednesday, April 9th, 2014 at 10:37am.

Homes priced between $250,000 and $500,000 in Miami-Dade and Broward counties enjoyed a 35 percent jump in sales from 2012 to 2013, according to new reports.

Miami-Dade's residential market totaled 31,909 transactions in 2013, an increase of 8 percent from 2012. The county's average per square foot sale price rose 8.3 percent to $273.

Broward County recorded 29,952 transactions in 2013 for a gain of just under 6 percent from 2012. Prices per square foot in the county increased 15.3 percent from 2012 to $155.

With an average sale price per square foot of $1,692, La Gorce Island was Miami-Dade's priciest residential market in 2013. Hilsboro Beach was Broward's most expensive, selling at an average of $919 per square foot.

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