Miami’s luxury properties saw a significant year-over-year rise in median sales prices in the first quarter of 2015, according to the MIAMI Association of REALTORS® (MIAMI), the nation’s largest Realtor group with 36,000 members. Single-family homes priced at $1 million or above had a median sales price of $1.7 million in the 2015 first quarter, a 6.25 percent increase from $1.6 million in the 2014 first quarter. Luxury condos also had a median sales price of $1.7 million in the first quarter of 2015, a 13.3 percent spike from $1.5 million in the 2014 first quarter
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