Mansion Global has reported that prices in Miami’s luxury real estate market have increased more than any other city in the world. This news does not come as a surprise to Miami realtors as we have been watching prices skyrocket over the past year. With the international borders opening up and Covid restrictions easing creating an influx of international money, this trend is not expected to subside anytime soon. With high buyer demand and low supply, prices will certainly continue to rise across all segments, not only the luxury space.
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If you’re thinking of selling and curious about the value of your home in today’s evolving real estate market, contact The Riley Smith Group today. We would be happy to provide you with a no pressure home valuation and help you reach your real estate goals!