South Florida Property Values Up 11 Percent

by Isaac Benmergui, Esq on July 23, 2013

SafeProperty values are up across South Florida by 11 percent, according to the latest data from the Case-Shiller real estate index. This marks more than a year’s worth of consecutive monthly gains, since the long 82-month streak that ended in May 2006.

During the economic downturn, property values in South Florida plummeted by 51 percent from their peak in May 2006. The bottom of the trough was finally found in November 2011, and the market has been on a slow recovery ever since, still they are 44 percent off their peak values.

South Florida’s strong numbers are among the rest of the typical metropolitan real estate markets tracked by the Case-Shiller index, which show the same 11 percent for the year.

Getting Legal Help

The law offices of Isaac Benmergui can help you with your legal real estate needs; call 780-800-2510 or email Isaac@benmerguilaw.com for more information or to set up an appointment today.

 

 

 

 

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