Luxury Housing Market Snapshot | Ultra-Luxury 1% • Miami Beach Real Estate Blog

Luxury Housing Market Snapshot | Ultra-Luxury 1%

Defining Luxury

Luxury is defined dynamically using sale prices to track and identify the luxury tier in each market over time.

We focus on two luxury tiers — Luxury is defined as the top 5% (95th percentile) as the threshold; the other tier is Ultra-Luxury using the top 1% (99th percentile) as the threshold.

Miami, Fort Lauderdale, & West Palm Beach

Miami-Dade County

Methodology

Home sale prices from each luxury tier (top 1% or top 5%) were used to calculate the monthly price and index values. The data range begins from January 2011 and values are calculated monthly using a 12-month average. To calculate the index, each month’s 12-month average sale price was divided by the benchmark sale price from January 2011 for reference. Data series are updated monthly on a three-month lag and are not seasonally-adjusted.

Source: Realtor.com® Residential Home Sales Database

Luxury Condos, Unique Penthouses, & Waterfront Homes

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The Miami Beach Real Estate Blog is an excellent resource for Southeast Florida residential real estate data, trends, and property information. I’ll soon be researching South Florida’s population influx so check back soon to find out about South Florida’s anticipated growth.🤔

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