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Miami Dade Luxury Sales Climb in 1st Q

Miami-Dade luxury residential sales climb in first quarter

 

Staff South Florida Business Journal

Luxury residential sales in Miami-Dade County climbed 16.3 percent in the first quarter, The Miami Herald reports citing data from StreetEasy.com.

Prices on luxury sales increased 0.6 percent compared to the prior-year period. Luxury sales are defined as the top 10 percent of transactions or sales above $855,000.

South Beach and Fisher Island were the locations of 64.1 percent of luxury closings in the first quarter, the Herald reported.

An increasing amount of million-dollar mansions keep hitting the South Florida market and are attracting buyers from Brazilians and Latin Americans to northeastern executives.

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