Zilbert Reports Miami Beach Luxury Sales Up 60.8%
12-Month Miami Beach Real Estate Sales Volume Jumps to $701M, up from $436M
Miami Beach, FL (PRWEB) December 06, 2011
Miami-based Zilbert Realty Group, a leading real estate brokerage company, announced today that Miami Beach luxury sales volume has jumped 60.8% in the 12 months ending November 30, 2011.
Zilbert studies market sales trends as part of its ongoing market research, and noted a dramatic increase in luxury property sales in 2011. It examined condo and single family home sales in zip code 33139, where the sales price was over $500,000. Total sales volume in Miami Beach rose from $436,186,981 to $701,533,956, a 60.8% increase. The number of sales transactions, had a similar increase. Total sales transactions rose from 278 to 422, a 51.8% jump. The average selling price of condos and homes rose from $1,569,017 to $1,662,402, an increase of 6%.
Mark Zilbert, Managing Broker of Zilbert Realty Group states that, â€œThe luxury market in Miami Beach has seen unprecedented demand, and the trend appears to be continuing as we enter 2012.â€ Mr. Zilbert states that his firmâ€™s Miami Beach luxury sales this year have been the highest in the companyâ€™s history. â€œThere is a finite number of extraordinary residences in Miami Beach, and buyers appear to be competing for a shrinking condo and home inventoryâ€.
Zilbert points out some of the more-popular condos being sold in Miami Beach are found at The Continuum, ICON South Beach, Murano Grande South Beach, The Apogee, The Setai, the W South Beach Residences and the Murano at Portofino.
ABOUT ZILBERT REALTY GROUP
Zilbert Realty Group is a leading Miami real estate brokerage firm specializing in upscale and luxury properties in Miami Beach, Miami and surrounding beach cities. Based in Miami Beach, Zilbert sells over $170M of real estate annually, catering to both local and international buyers and sellers in seven languages. The firm is one of Miamiâ€™s only real estate brokerages providing multiple customer channels in its real estate practice, including a high-traffic, award-winning website (http://www.Zilbert.com), an innovative, retail-based concept, the Zilbert Realty Store, and its traditional face-to-face sales practice.
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