Miami Luxury Real Estate Scores High Median Sales Prices
The Median Sales Price for Miami Luxury Real Estate increased greatly in first Quarter 2015 as compared to same period last year. The Median Sales Price for residential homes priced in excess of 1 million was $1.7 Million; which represents an increase of more than 6 percent as compared to January - March 2014, where the median price was $1.6 million. Luxury Miami Condos also saw a 13.3% increase in the Median Sales Price of $1.7 million, versus just 1.5 million during the same quarter last year.
Miami was recently ranked 7th (out of 10) most important global cities that matter to the wealthy according to the latest Knight Frank Wealth Report. with New York City ranking #1.