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More Gains in the Luxury Real Estate Market in Miami Beach

August 16, 2013

The average sales price for high-end single-family homes and condos in Miami Beach rose over the year, according to a recent report. The Miami Beach luxury real estate market also saw an increase in sales, with 826 condos and 304 homes sold since August 1, 2012.

The average sales price of luxe single-family homes rose 14.1 percent, from 2.21 million dollars to 2.52 million dollars. The average price of luxury condos in Miami Beach rose from 1.41 million dollars to 1.49 million dollars. The average price per square foot increased from 765 dollars to 808 dollars.

The priciest sales of the year were a 30 million dollar single-family home and a 27 million dollar condominium. The year before, the most expensive single-family home sold for 14.3 million dollars and the priciest condo sold for 21.5 million dollars.

Source: South Florida Business Journal

Miami Beach Real Estate

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