Released January 19, the FNC Residential Price Index reported that home prices in November remained largely unchanged, a dip of 0.1 percent, from October but are still increasing on an annual basis. Miami stood out as the no. 1 most improved market on a annual basis with home values increasing 13 percent.
In a year-end Douglas Elliman market report, the theme that unites the South Florida sales scene just may be recovery. In large part, single family homes outperformed condos, and prices inched upward. As inventories climbed, sales volumes slid. But records were also broken.
Crescent Heights, a Miami developer, continued it’s Chicago shopping spree recently, adding North Harbor Tower, to its already well-stocked arsenal of Windy City apartment homes. The 600-unit building is located at 175 N. Harbor, north of Maggie Daley Park, and just went on the market in November.