Miami Beach's luxury real estate market surged in Q1 2025, with single-family home prices rising 54% to $7.5M and $10M+ sales up 65%. Condo prices increased 12-14%, driven by new developments, despite a 10% drop in sales and a 23% rise in inventory. Miami Coastal Mainland saw a 1% rise in single-family sales, with prices up 9-31%, while condo sales fell 14% amid a 48% inventory increase. Luxury segments remain strong despite overall cooling.
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