Housing price indicators on Miami’s coastal
mainland moved higher at the end of 2014. Median
sales price increased 9.1% to $240,000 from the
same period last year. Year to date, median sales
price was up 17.5% to $235,000. Condos showed
larger price gains than single family sales did in
the fourth quarter. Condo median sales price was
$210,000, up 20% and single family median sales
was $270,000 up 5.2% over the same period.
The luxury condo market showed the largest
increase with a 46.7% rise in median sales price
to $1,100,000. The luxury market is defined as the
top 10% of all sales during the period…