ONE Sotheby’s International Realty released the 2015 Trends Mid-Year Update Real Estate Report. Created to provide updated insight into key luxury markets, the 2015 Trends Mid-Year report is a snapshot of South Florida real estate. The comprehensive report examines Miami-Dade and Broward County markets in depth, including short descriptions of YTD trends by specific neighborhood, statistics and prices.
In Miami-Dade a diverse array of housing options are available from single-family homes to townhomes and condominium properties. Miami-Dade continues to prove itself a globally significant property market attracting buyers from throughout the Americas and beyond. To date, 935 transactions have occurred, with an average price per square foot of $445. Fifteen homes were sold for $10M+, with an average price in that category of approximately $15.96M. Reports for Miami-Dade County are centered in Miami’s North End, South End and Downtown, Miami Beach and Miami Islands.
The Broward County reports include Western Suburbs, North End, South End and East Fort Lauderdale. Overall, the luxury market in Broward County had a large number of single-family home transactions, reflecting its size and suburban character. It is seen as a more affordable alternative to Miami-Dade. To this date, 193 homes were sold for between $1M and $5M, accounting for 9.8% of total transactions.
For more detailed information on specific properties or to find out about the current state of our high-end markets reach out to our ONE Sir realtors.
Read the full individual reports here:
Broward: Western Suburbs
Broward: North End
Broward: South End
Broward: East Ft. Lauderdale
Miami-Dade: North End
Miami-Dade: South End
Miami-Dade: Downtown Miami
Miami-Dade: Miami Beach
Miami-Dade: Miami Islands