Cash is king, as luxury home sales outperform other price points in Miami-Dade
South Florida’s luxury segment outperformed lower price points again in the fourth quarter, with cash deals dominating the high end of the market. Across the board, home prices have either dropped, remained flat or grown at a much slower rate than in previous years. This was evident in December across Miami-Dade, Broward and Palm Beach counties, and it was the trend in the fourth quarter. Demand is not evenly distributed on the ultra-luxury end either. Miami-Dade single-family home sales above $30 million rose 58 percent last year, and condo sales above $20 million increased 37.5 percent. This is a limited […]This article originally appeared on The Real Deal. Click here to read the full story.
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