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Miami Among Top 10 Global Markets for Luxury Real Estate

Posted: Mar. 5th, 2013  |  By DailyLuxe News

Photo: The Miami Herald

Miami is the eighth largest global market for luxury real estate, according to a report from Christie’s International Real Estate, The Miami Herald reports.

The most expensive home sold in Miami in 2012 fetched $47 million. The largest Miami deal ranked third, as the most expensive houses sold in London ($121.2 million) and New York ($88 million).

Greater Miami’s luxury homes are still a relative bargain: For the year ended Sept. 30, 2012, for Miami residences listed at more than $1 million, the average was $764 per square foot. The record price in Miami was $3,463 per square foot, the report said.

Read More on miamiherald.com
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