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Miami Beach home prices increase

According to Zillow, home prices in Miami Beach have been increasing slightly since hitting the bottom in May 2010. This is a good indicator that the time if right to buy your Miami Beach condo.

Miami Beach Zillow Home Value Index

Click on the chart for a more detailed view

Another chart, I would like to share with you is the Miami Beach price index over the past 10 years. As you can see, even after the boom and bust of the early – mid 2000’s, Miami Beach condos were solid investments increasing in value by an average of 50% over the past 10 years.

Miami Beach Zillow Home Value Index