Miami condo sales surge 134%

Sales of Miami condominium units jumped 134 percent last month compared to January 2010, according to a report from the Miami Association of Realtors. There were a total of 1,262 condo unit sales last month, compared to just 540 in January of last year. The report is based on data from the 25,000-member Miami Association of Realtors and the Southeast Florida Multiple Listing Service. Sales of single-family homes rose 55 percent last month compared to January 2010. “These significant increases in sales for both single-family homes and condominiums reflect the strength of the Miami real estate market,” said Jack Levine, chairman of the board of the Miami Association of Realtors.