Miami Today ended 2013 real estate news with a bang last week. The December 31st issue recaps a very successful year for Dade County in the luxury real estate market (sales prices of $1,000,000 and up).
Read the article for details but in summary nearly 1 in every 5 single family homes closed in Dade County sold for $1,000,000 or more. In the condo market about 1 of every 8 properties sold for $1,000,000 or more. Bringing this reality a little closer to home let’s look at the $1,000,000+ single family home stats in Coral Gables (including the Ponce/Davis corridor), Coconut Grove, and Pinecrest, where I specialize in luxury properties. The graphs represent properties which have sold, are pending a closing, or are for sale on the MLS system.
Another fun fact: real estate agents at EWM Realty International sold a property for $1,000,000 or more about every 17 hours in 2013! It was an exciting year in real estate and all indications are that the momentum will continue in 2014.
To learn more about South Miami, Coral Gables, Coconut Grove, Pinecrest and Palmetto Bay, contact Val Byrne with EWM Realty International or www.MiamiRealEstateWorks.com at email at [email protected] or by phone at 305-323-6231. Val Byrne – Working For You!