Miami Florida Property Market Continues to Set Records as Condominiums Reach New Heights of Luxury
Aventura, FL, March 07, 2014 --(PR.com
)-- For the third consecutive year, strong demand for Miami real estate has resulted in record sales, following two years of double-digit price growth. International demand has also been increasing dramatically, with foreign investors driving prices to all-time highs in the luxury property market.
In 2013 the median sales price for condominiums rose 19.9% to $175,000 compared to 2012, according to the Miami Association of Realtors and condominium sales increased 4.6%, from 16,383 in 2012 to 17,140 in 2013.
In 2013 Miami Beach saw the record for sales price and sales price per square foot broken with the PH-B unit at the Setai building sold for $27,000,000, corresponding to $3,799 per square foot.
Danny Anysz, from Miami real estate agents, The Real Estate Dans said, “We expect the strong demand from international buyers to continue in 2014, especially due to the recent development of ultra-luxurious beach front condominiums, such as The Porsche Design Tower, Muse Residences and The Mansions at Acqualina.”
These luxurious Sunny Isles Beach skyscrapers are 649 feet high and all boast a range of unique features. Each unit in the Porsche Tower comes equipped with a glass, car elevator. Every apartment in Muse will contain a specially designed light-reflecting steel sculpture by the artist, Helidon Xhixha. While The Mansions at Acqualina will offer residents a cigar-bar, state-of-the-art games room and Hamam Spa.
The Real Estate Dans: With extensive experience in the UK and US real estate markets, The Real Estate Dans specialize in advising and purchasing investments in both residential and commercial property market in Miami, Florida.