Miami Beach sales jump

Miami Beach luxury sales volume has jumped 60.8 per cent in the 12 months ending Nov. 30.

Total sales volume in Miami Beach rose from $436,186,981 to $701,533,956. The number of sales transactions had a similar increase. Total sales transactions rose from 278 to 422, a 51.8 per cent jump. The average selling price of condos and homes rose from $1,569,017 to $1,662,402, an increase of six per cent. The luxury market in Miami Beach has seen unprecedented demand, and the trend appears to be continuing entering 2012.

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