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Elliman Report: Miami Beach/Barrier Islands Sales 2Q 2014

The Miami Beach/Barrier Islands region was characterized by rising housing prices, an increase in inventory off of year ago lows and a decline in distressed sales. Listing inventory has jumped 34.3% to 3,681 from the year ago “bottom.” Sellers have been pulled into the market by rising housing prices. Median sales price increased 5.4% to $390,000 from the same period a year ago. Average sales price and average price per square foot followed the same pattern, rising 8.7% and 9.7% respectively…

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