< All Market Reports

Elliman Report: Miami Coastal Mainland Sales 3Q 2014

Miami coastal mainland housing prices were mixed, as sales and inventory moved higher than year ago levels. Median sales price slipped 3.3% to $212,750 from the prior year quarter. Reflecting both a shift in the mix towards the luxury market and a decline in distressed sales, average sales price and average price per square foot jumped 14.3% and 17.4%. The market share of distressed sales represented 31.6% of the market, down 5.2% from the year ago quarter. The luxury market, specifically condos, posted large gains above year ago levels. The median sales price of a luxury condo surged 34.9% to $1,150,000 while luxury single family homes increased 10% to $1,210,000….

Download Now

Get Weekly Insights and Research

Housing Notes by Jonathan Miller

Receive Jonathan Miller's 'Housing Notes' and get regular market insights, the market report series for Douglas Elliman Real Estate as well as interviews, columns, blog posts and other content.

Follow Jonathan on Twitter

#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
NYC CT Hamptons DC Miami LA Aspen
Joined October 2007