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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.

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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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