Miami Beach Luxury Homes Hit Record $30M Listings
Exploring the $30M+ Market in Miami Beach The $30 million-plus luxury home market in Miami Beach is a burgeoning segment. It is marked by resilience despite broader market slowdowns. The first quarter of 2025 showed a remarkable 65% surge in $10 million-plus sales, which pushed average luxury home prices significantly higher. Even with wider market challenges, this segment presents strong investment opportunities. It appeals most to high-net-worth individuals, particularly international investors and tech entrepreneurs. Price per square foot for luxury condos climbed nearly 15% year-over-year, cementing Miami Beach as a central hub for this trend. High-performing areas contributed roughly $23.2 billion in ultra-luxury transactions, spotlighting powerhouse markets like New York and Miami Beach. Inventory has seen a slight rise. Surplus inventory levels create more buying choices while maintaining a buyer-friendly pricing atmosphere in this tier. Strong investor activity and cash buyer...