Have you ever wondered what options you had when buying a Miami luxury single-family home?
- How many luxury single-family homes are in Miami?
- Where they are located?
- How many of them are available?
- How many are sold each year?
First let us define Miami luxury single-family homes as those that are valued at or above $3 million. As per the Miami-Dade Appraiser’s Office 2013 Market Valuation there are 1433 single-family homes in Miami-Dade County that have appraised for more than $3 million. Although this doesn’t include homes that have appraised under $3 million and have sold for over that amount.
How many are there? Where are they?
The top three areas with the highest concentration of luxury single-family homes are
What is available now?
If you are in the market, right now there are 351 of these luxury single-family homes available. There is a nice inventory for homes between $3 and $5 million, $5 and 10 million and $10 and 20 million. There are even 14 ultra-luxury homes available priced at over $20 million. These homes have a ratio of waterfront to dry lot of about 2-to-1.
How many have sold?
Over the past 12 months, 211 Miami luxury single family homes have sold. A little more than half of them went for between $3 and 5 million. There were 16 that sold for over $10 million, including 2 that went for over $20 million. The ratio of waterfront to dry lot for homes sold over the past year is a little higher, but still close to 2-to-1.
Miami Luxury Single-Family Homes Infographic
Here is our first infographic. It visually shows where luxury single-family homes are concentrated, how many of these luxury homes are available now and how many have sold over the past year.
To work with Andres, your experienced luxury realtor, and Constec Realty Services, an established real estate agency that specializes in luxury Miami real estate, contact us now.
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