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Elliman Report: Miami Beach + Barrier Islands Sales 1Q 2018

The housing market in Miami Beach for the first quarter of 2018 was best characterized as seeing rising prices, more inventory with fewer closed sales but surging contract volume. The median sales price for condos and single-family sales rose 11.7% to $430,000 from the prior year quarter, the third consecutive quarter with rising prices. Average sales price and the average price per square foot followed a similar pattern but were not skewed by…

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