February 2025 Florida Real Estate Review

I hope this February 2025 Florida Real Estate Review finds you well.?I?encourage you to share it with clients, colleagues, and friends who may find it interesting.

If you are considering?selling your home, my team and I would be more than happy to provide a no-obligation valuation of your property and a complete sales?and marketing strategy.?

Reviews, referrals, and recommendations have become?the lifeblood of the real estate?business. If you have had a good experience working with me, in any market, and would be so inclined, I would appreciate your positive review: Sure, I'd love to recommend Andrew Fishkind

Thanks and Regards,?

Andrew

FEBRUARY 2025?FLORIDA REAL ESTATE REVIEW

January 2025 Florida Contracts Signed Report By County

Highlights from the?Florida?report include:

Palm Beach County

Newly signed contracts for single-family homes and condos increased annually for the first time in more than a year as new listings continued to expand. Since August, new contracts for single-family homes priced over $1 million have been rising significantly year-over-year.

Broward County

Newly signed contracts for single-family homes and condos fell after rising annually in the prior month for the first time in more than a year. New listings growth stalled, falling year-over-year for the second time in 3 months.??

Miam-Dade County

Newly signed contracts for single-family homes and condos decreased after experiencing annual growth in the previous month for the first time in a year. The growth of new listings remained significant, increasing annually each month for nearly 1.5 years.

January 2025 Year-Over-Year Sales, by County

(Source:? Realtors of the Palm Beach and Greater Fort Lauderdale)

EAST COAST?

Broward County

• Single-Family Home Sales Volume?increased?8.2%
• CONDO and Townhouse Sales Volume decreased?11.6%
• Single-Family Home Median Sales Prices increased?11.3% to $640,000 from $575,000
• CONDO and Townhouse Median Sales Prices decreased 1.1%?to $272,000 from $275,000

Miami-Dade County

• Single-Family?Home Sales Volume?decreased?0.2%
• CONDO and Townhouse Sales Volume?decreased?4.8%
• Single-Family Home Median Sales Prices?increased?7.1% to?$675,000 from $630,000
• CONDO and Townhouse Median Sales Prices?increased?2.3% to $415,000 from $405,750

Palm Beach?County

• Single-Family?Home Sales Volume increased?4.8%
• CONDO and Townhouse Sales Volume?increased?1.3%
• Single-Family Home Median Sales Prices increased?5.7% to?$650,000 from $615,000
• CONDO and Townhouse Median Sales Prices?increased?1.5% to $330,000 from $325,000

?

WEST COAST

Collier County

• Single-Family?Home Sales Volume?increased?20.9%
• CONDO and Townhouse Sales Volume?increased?7.5%
• Single-Family Home Median Sales Prices increased?9.5% to $925,000 from $845,000
• CONDO and Townhouse Median Sales Prices?increased?2.0% to $515,000?from $505,000

Hillsborough County

• Single-Family?Home Sales Volume?decreased?6.5%
• CONDO and Townhouse Sales Volume?decreased?14.4%
• Single-Family Home Median Sales Prices?increased?1.0% to $415,000 from $411,000
• CONDO and Townhouse Median Sales Prices?decreased?0.6% to $286,000 from $287,725

Pinellas County

• Single-Family?Home Sales Volume increased?23.2%
• CONDO and Townhouse Sales Volume?decreased?2.6%
• Single-Family Home Median Sales Prices decreased?4.4% to?$435,000?from $455,000
• CONDO and Townhouse Median Sales Prices?decreased?9.0% to $264,000 from $290,000

Interested in Brand New Construction? View:?New Developments in Florida

If you are interested in buying or selling properties in any of these regions, my team and I would be happy to assist you.