Single-family homes valued at least $1 million sold for $1.7 million on average in the first quarter of this year, a 6.25-percent increase from the first quarter of 2014, according to a report from the Miami Association of Realtors. Luxury condos also sold for $1.7 million on average in the first quarter of this year, a 13.3-percent gain from the same period in 2014.
