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Miami's Hottest (Old) Real Estate Trend

MIAMI— GlobeSt.com caught up with Mike Nunziata, division president for Central Communities, to talk more about a reemerging trend with a new twist in South Florida in part one of this EXCLUSIVE interview.

By Jennifer LeClaire | Updated on May 21, 2015

MIAMI—Luxury condo developments—including star-powered projects with never-before-seen amenities and the prices that go along with them—have dominated South Florida real estate headlines this cycle. At the same time, concerns over affordability in the region loom large and condo sales figures plateau, which is sparking a rising demand for single-family homes.

The Miami market alone saw a 10% year-over-year spike in single family home sales last month, according to the Miami Association of Realtors. That actually outpaces condo sales, which grew at 4.2%

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