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Elliman Report: Miami Coastal Mainland Sales 4Q 2014

Housing price indicators on Miami’s coastal mainland moved higher at the end of 2014. Median sales price increased 9.1% to $240,000 from the same period last year. Year to date, median sales price was up 17.5% to $235,000. Condos showed larger price gains than single family sales did in the fourth quarter. Condo median sales price was $210,000, up 20% and single family median sales was $270,000 up 5.2% over the same period. The luxury condo market showed the largest increase with a 46.7% rise in median sales price to $1,100,000. The luxury market is defined as the top 10% of all sales during the period…

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