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Elliman Report: Miami Coastal Mainland Sales 2Q 2015

Price indicators on Miami’s coastal mainland continued to move higher. Median sales price for all property types rose 10.6% to $260,000 from the prior year quarter. Condo price indicators were once again higher than their single family counterparts, reflective of the shift towards higher priced new development sales. Condo median sales price increased 14.9% to $218,250, while single family price indicators showed more modest growth, rising 11.1% to $300,000 respectively over the prior year quarter…

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