Luxury condo closings up 38%, luxury homes up 15%
Written by Miami Today on March 13, 2018
An uptick in luxury condo sales surpassing that of standalone luxury homes shouldn’t fool you: homes in the sky fall behind in sales to single-family properties.
Keyes Co. President and CEO Mike Pappas says there’s an increase in luxury closings across the board. In the past three months, he says, closings on houses selling for $1 million and up are up by 15% and luxury condo closings are up by 38%. However, more luxury condos than houses are on the market…To read the full story click here