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Elliman Report: Miami Coastal Mainland Sales 3Q 2015

Median sales price for Miami’s coastal mainland surged as sales slipped due to the sharp decline in distressed sales. Condo median sales price increased 2.2% to $217,400 and single family median sales price rose 10% to $302,500 respectively from the same quarter a year ago. The luxury market, defined as the top percent of all sales in the quarter, showed weaker price trends…

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