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Elliman Report: Miami Beach + Barrier Islands Sales 3Q 2015

Overall Miami Beach housing prices were mixed as sales fell short of year ago levels and inventory expanded. Median sales price was $403,500, down a nominal 0.4% from a year ago. Average sales price increased 5.4% to $919,284 over the same period. Within the condo market, all price indicators moved higher while the single family market reflected mixed results. Overall sales slipped 11.1% to 940 from the year ago quarter as both property types fell short of year ago levels…

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