Real estate values in South Florida generally remained depressed in the third quarter, but a rising volume of home sales and rentals are among the hopeful indicators suggesting that property appreciation potential is building.

Along upscale Brickell Avenue in Miami, “the unsold condos are now being rented to people,” said South Beach Capital’s Bruce Foerster. So despite a deep setback in the condo market in recent years, “we’ve taken a step forward.”