Miami Luxury Real Estate Analysis -The Luxury Real Estate market over the years
The Miami Luxury Real Estate Market
An Independent Review
The Miami Real Estate Market is one dynamic market. As preferred Miami Real Estate Analysts we always tell our clients not to look at generalized analysis, which is the case with most of the reports out there. Miami’s Real Estate is diverse and sub-markets need to be identified as such, whether this is a neighborhood or a specific price category.
We created this report for a client who is looking for a high-end Miami property to reside with his family while at the same time making a safe investment. Therefore he asked us to look into the different Miami luxury neighborhoods and investigate what happened in the last 7 years.
We showed him the average price and average price per Sq.Ft evolution since 2008 for both waterfront and non-waterfront properties
Please find below the Luxury Real Estate Analysis for Miami’s most upscale neighborhoods.
This analysis is done for Coconut Grove (North East and South East), Key Biscayne, Miami Beach (the Miami Beach Islands and La Gorce), Coral Gables (Sunrise Point, Tahiti, Gables Estates and Cocoplum as well as Snapper Creek, Hammock Oaks and Gables by the Sea)
The Miami Luxury Real Estate Market: The Overall Luxury Real Estate Market
Please find the average sales prices per Sq.ft for the different neighborhoods in Miami over the past 7 year (2008 until 2014).
See the individual neighborhoods here:
♦ Key Biscayne
♦ Hammock Oaks/ Snapper Creek / Gables by the Sea
♦ Old Cutler / Gables Estates / Tahiti / Cocoplum
♦ North East Coconut Grove
♦ South East Coconut Grove
♦ La Gorce
♦ The Venetian Islands
♦ Palm, Star and Hibiscus Island
Click to enlarge table
The Miami Luxury Real Estate Market: Waterfront homes in Miami
Please find the average sales prices per Sq.ft for waterfront properties for the different neighborhoods in Miami over the past 7 year (2008 until 2014).
The Miami Luxury Real Estate Market: Non – Waterfront homes in Miami
Please find the average sales prices per Sq.ft for non- waterfront properties for the different neighborhoods in Miami over the past 7 year (2008 until 2014).
Also read our 2015 Update to the Investors Guide to Miami Condos!
We show you the Inventory levels, average sales prices and much more to really gather a quick understanding of your market
Meet the team and see our unique insights into the Miami Real Estate Market
No generalized opinions but an analytic approach