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.
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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!