January 13th, 2010

As we Miamians dig out of a ten day cold snap…the Miami Condo sales statistics for 2009 are heating up.

The quarterly average price per square foot has dropped dramatically over the last fifteen months. We have compared the first three months (10/2008 – 12/2008) average of $223.00 to the last three months (10/2009 – 12/2009) average of $195.00 (see chart below) for an amazing drop of over 12.5%. Many of the…