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Double Digit Gain Luxe Miami Beach Homes

Aug 16, 2013, 6:48am EDT

Double-digit gains for luxe Miami Beach homes


Miami Beach luxury homes and condos saw an increase in sales over the year.

Staff South Florida Business Journal

The average sales price for single-family homes among Miami Beach's luxury units rose 14.1 percent over the year, The Real Deal reports.

According to a report by Miami-based Zilbert Realty broker Arno de Vos, single-family homes and condominiums in Miami Beach saw an increase in sales, with 826 condos and 304 single-family units sold since Aug. 1, 2012.

The average sales price of a single-family unit went from $2.21 million to $2.52 million, while the sales price per square foot rose 11.2 percent, from $480 to $534.

During the same period, the average sales price of a luxury Miami Beach condo rose to $1.49 million from $1.41 million, a 6.5 percent increase, while average sales per square foot rose 5.6 percent, from $765 to $808.

The biggest sale during the year ended last month - a $30 million single-family home.

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