Concierge

Luxury Residential Sales in Miami Increased in the First Quarter

April 9, 2013

The luxury residential market in Miami-Dade County strengthened over the first quarter, according to a new quarterly report on the overall Miami-Dade residential market by StreetEasy.com. Luxury residential sales saw an increase of 16.3 percent in the first quarter of 2013 compared with a year earlier and an increase of 8.7 percent compared with last quarter.

The luxury residential market is defined as the top 10 percent of transactions in terms of price. Based on closings in the first quarter, the luxury market was made up of sales above 855,000 dollars, an increase of .6 percent since last year.  South Beach and Fisher Island accounted for 64.1 percent of luxury closings.

Distressed property sales in Miami-Dade declined 18.8 percent in the first quarter on a year-over-year basis. Distressed condo sales dropped 20 percent compared with last year, and distressed home sales dropped 17.1 percent compared with last year. The median price of distressed sales rose 17.3 percent in the same time frame.

Source: The Miami Herald

Fisher Island Luxury Real Estate

WORK WITH US

Expect the utmost level of integrity, professionalism and discretion. Niki delivers a concierge level of service and results having sold over $1billion dollars of closed sales. Let her know when you are ready !

2100 N. Ocean Blvd. Suite #402, Fort Lauderdale, Fl 33305

Office: +1.954.828.1858 Mobile: +1.954.817.2500 Email: nhiggins@spg.cc

All information displayed on this website is subject to errors, omissions, prior sale or withdrawal without notice. All text, images, graphics, and other materials on this website are subject to copyright and other intellectual property rights of The Seaside Group at Douglas Elliman unless otherwise stated. These materials may not be reproduced, distributed of reposted to print or other websites without the express written permission of The Seaside Group at Douglas Elliman.

DOUGLAS ELLIMAN, LICENSED REAL ESTATE BROKER
All contents © Copyright 2018 Seaside Properties Group at Douglas Elliman. All rights reserved in All Countries.