Largest Sale to-date in 2012 – 7BR Waterfront Home in Gables Estates – $15,835,000

Miami’s high end residental market continues to accelerate in contrast to many stagnant real estate markets in other parts of the country.

2011 By the Numbers:

Number of Luxury Residential Sales
540 residences sold in Miami-Dade for $1 million or higher

Average Sales Price
The median sales price in this niche was approximately $2.7 million

Per Square Foot Price
Residences averaged 5,100 square feet, or $453 p.s.f. for all luxury sales

Increase/Decrease
Luxury residential sales grew by 22% compared to 2010, and 41% when compared to 2009

YTD 2012
183 luxury properties have closed, or are “pending sale” through February 2012, which indicates another good season for luxury residential in Miami

Miami Apartment Finders represents buyers and sellers of luxury condos and homes in Coconut Grove, Coral Gables, Brickell, South Beach, Bal Harbour and Surfside

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