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Miami Beach Home Prices Increased in the 4th Quarter of 2014

Janeiro 23, 2015

According to the 4th Quarter 2014 Elliman Reports, the Miami Beach real estate market continued to post gains. Overall home prices in Miami Beach and the barrier islands increased, as did available inventory.

The Miami Beach luxury condo market, defined at the top 10 percent of sales, was especially robust in the 4th quarter of 2014. The median sales price of a luxury condominium in Miami Beach surged 47.2 percent to 2,650,000 dollars, compared to the prior year quarter. Luxury condo inventory also increased, as price indicators rose.

To list or buy a home in Miami Beach, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.

Source: Elliman Reports

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