Miami Beach to Palm Beach Luxury Real Estate » Miami to Palm Beach Luxury Real Estate Blog http://miamitopalmbeachluxuryrealestateblog.com Luxury Oceanfront & Waterfront Real Estate Blog Fri, 09 Jan 2015 17:24:17 +0000 en-US hourly 1 http://wordpress.org/?v=3.4.2 The Luxury Market in South Florida Continues to Record New Highs http://miamitopalmbeachluxuryrealestateblog.com/the-luxury-housing-market-in-south-florida-continues-to-post-new-highs/ http://miamitopalmbeachluxuryrealestateblog.com/the-luxury-housing-market-in-south-florida-continues-to-post-new-highs/#comments Wed, 29 May 2013 20:58:16 +0000 Andrea http://miamitopalmbeachluxuryrealestateblog.com/?p=1262 South Florida’s real estate market is continuing its upward march, with the luxury end leading the charge. Prices are rising, and home sales are breaking records.

The luxury housing market was less affected by the market crash. Wealthy sellers are able to hold on to their property through rough financial times. Therefore, the luxury end was the first to rebound, and home prices have now passed their prior highs.

Alex Rodriguez recently sold his Miami Beach home for 30 million dollars, a new record in Miami Beach. A Fort Lauderdale waterfront home recently sold for 14.5 million dollars, a near record in Broward County. Luxury waterfront condo prices are also following this trend. Two penthouse units in the Miami Beach Edition were sold to one buyer for 34 million dollars.

Source: The Miami Herald

Miami Beach Edition

Miami Beach Edition

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