The Real Deal Miami

Miami Beach luxury sales volume up almost 61 percent: report

December 06, 2011 01:03PM

Miami Beach luxury sales volume has increased 60 percent in the last
year, according to a report from Zilbert Realty Group. The data, which
looked at sales through Nov. 30, showed condo sales in Miami Beach’s
33139 zip code where sales prices were above $500,000. The total sales
volume in Miami Beach rose from $436 million to over $701 million, with a
51.8 percent increase in the number of sales. There were a total of 422
transactions above $500,000, up from 278 at the same time in 2010. “The
luxury market in Miami Beach has seen unprecedented demand, and the
trend appears to be continuing as we enter 2012,” said Mark Zilbert,
managing broker of Zilbert Realty Group. — Alexander Britell