April 17, 2014
The Miami real estate market recorded the most first-quarter residential sales in the 8 years the Elliman Report has been tracking the metric. Sales in Miami’s coastal communities rose 3.9 percent to 5,133, on a year-over-year basis.
The overall median sale price in Miami increased 16.1 percent, compared to a year ago. The median sales price of a luxury condo in Miami increased 17.2 percent to 1,347,000 dollars in the same time period. Similarly, the median sales price of a luxury single-family home in Miami rose 25.1 percent to 1,770,000 dollars.
To list your Miami condo or home for sale, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: Elliman Report
