Q2 2018 saw a record number of $3M+ condo transactions in Miami Beach. After years of declining sales volume, sellers are starting to meet buyers. The oceanfront luxury condo market is starting to clear at 2013 prices, and high profile hedge fund managers are leading the way.
2018 Q1 & Q2: The top 10 Miami Beach condo sales ranged from $8.7M - $26M. The second quarter saw a record number of $3M+ sales, as buyers negotiated significant discounts. The top ten sales averages a 29% discount off of their original list price and took an average of 503 days to sell. Post has interactive map and table.