In 2011, the average volume of sales in the main South Beach condos has increase by 18.5%. Bear in mind that sales had already increased in 2010 compared to 2009. Sales from the beginning of the year till now at the Murano Grande and at the Portofino doubled compared to the same period last year. The Murano at Portofino sales tripled in 2011. At the Icon sales increased by 41%, at the Continuum by 17%.Unfortunately sales at The Waverly, the Floridian and the Mirador have decreased but the inventory has decreased as well so we expect a rebound in these condos very soon.This brings us to the conclusion that it’s the high end market that has benefited the most from this upturn in the market.
Miami Beach sales booming in 2011