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[International Story] 4Q 2012 Miami Sales Report
Posted By Jonathan Miller On January 12, 2013 @ 8:46 pm In Miami | No Comments
Here’s an excerpt from the report:
…The market pace within Miami’s coastal communities continued to quicken in the fourth quarter. Distressed sale market share and listing inventory continued to fall, prices trended markedly higher, properties sold faster with less negotiability, and international buyers continued to play a key role in demand.
All price indicators posted large increases from year ago levels; median sales price jumped 27.3% to $210,000, average sales price surged 27.8% to $402,626, and average price per square foot increased 21.5% to $260. A portion of these substantial gains was attributable to the continued decline in market share of lower priced distressed sales, which fell to a 3-year low at 40.2%. However, the average sales price of non-distressed condo and single-family sales still jumped 16.6% above prior year levels…
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URL to article: http://www.millersamuel.com/blog/international-story-4q-2012-miami-sales-report/27820
URLs in this post:
 Image: http://www.millersamuel.com/reports/elliman-report-miami-sales-4q-2012
 report on the Miami sales market for 4Q 2012: http://www.ellimanflorida.com/media/138565/miami_q4_2012.pdf
 Douglas Elliman: http://www.elliman.com/marketreports/
 build your own custom data tables: http://aggregate-data.millersamuel.com/
 charts: http://www.millersamuel.com/charts-category/miami
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