Sales build for Miami’s luxury real estate
The crème de la crème of luxury real estate continues to sell like hotcakes. Homes are at the top 10% of the entire market show higher sales this year than last.
Mike Pappas, CEO of the Keyes Co., said about 2,000 houses are on the million-dollar-plus market. The homes average 150 days on the market from listing to signing a contract, with a median price of $1.8 million. The most popular neighbourhoods with waterfront views include Coconut Grove, Cocoplum, and Miami Beach. These neighbourhoods see 110 to 120 properties sold per month.
Realtors see a surge from certain international markets. A top producer for Avatar Real Estate. Predictions for coming months are positive.