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Elliman Report: Miami Beach + Barrier Islands Sales 2Q 2019

The market share of condo sales increased for studio and 1-bedroom sales as the 2-bedroom and 3-bedroom market share slipped. This shift played a role in overstating the year over year decline in the overall condo price trend indicators. Condo median sales price decreased 7.9% to $350,000, and the average sales price fell 14.8% to $752,415 respectively from the year-ago quarter. The singlefamily market showed the opposite pattern with…

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