Broward home prices continue to rise

Sales prices for single-family homes up 25.8 percent compared to Aug. 2012

By Steve Owen - Assistant News Director

FORT LAUDERDALE, Fla. - There is more positive news about Broward's real estate market. Prices rose year-to-year, according to the Greater Fort Lauderdale Realtors.

The association reported the median sales price of single-family homes surged to $270,500. That's up 25.8 percent from Aug. 2012. The median sales price of condominiums rests at $118,000 in Aug. 2013. That's a 36.8 percent spike from Aug. 2012.

"Sellers continuing to receive close to the asking price of their single-family homes, condominiums and townhouses, is an indication of a healthy and sustained housing market," said Charles Bonfiglio, president of the Greater Fort Lauderdale Realtors.

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