Miami bits all previous records in real estate sales.

Real Estate Broker/Owner with Global Realty Partners

 We have decided to use this small blog for today, which has been written before in our web

The last few years have marked an increases in Miami’s luxury real estate market t, which has led to one record-breaking sale after another. Regardless of the notion that the housing market was at its peak in 2005, the recent years have seen a boost in real estate values that have clearly overshadowed the prior market boom.

Even with a lower real estate supply, the 2012 year resulted in higher sales than the previous year. In addition, prices gained significant values in appreciation that distinguish the year as a turning point for South Florida real estate.

This year, Miami Beach real estate competes with sales at the newest luxury project, St. Regis at Bal Harbour for the highest sales in real estate. Previously, St. Regis Bal Harbour condo's sales beats Apogee for the record when one of the buyers bought and combined 5 units together to make a total sale of over 25 million. Previously in this year, one of the houses in Indian Creak, which is located less than a mile from Bal Harbour, was sold to a Russian buyer who prefered to stay incognito for 47 million.

For more information, please visit our web

Comments (1)

Phil Hillerman
Crye-Leike Realtors® - Rogers, AR
Crye-Leike Realtors®

Hi Igor, I am glad to hear things are getting better year after year.  You have a great target market, I hope you have a great spring season.

Apr 15, 2013 08:41 AM