Luxury home sales increased drastically in South Florida between the first and second quarters. Data from The Keyes Company and Illustrated Properties’ Luxury Report shows that nearly all territories in the area saw increases in residential transactions with price tags at or over $1 million.

Including Miami-Dade, Broward and Palm Beach counties, as well as the Treasure Coast and Southwest Florida, luxury home sales in the $1 million-and-up range were down 18.1% year over year. When it comes to quarter-over-quarter figures, however, sales of single-family homes in the $1 million-and-up range were up 33.8%.

“These near-term market conditions should give buyers and sellers equal confidence going forward,” said Keyes President Christina Pappas. “We are seeing quarterly increases just about everywhere in the geographic areas tracked in our report. That should translate to year-over-year gains in the upcoming quarters.”

The report also found that the number of $1 million-and-up listings increased by 53.5% from Q1. That proportion was even higher in Miami-Dade County (up 109.7%) and Broward County (up 275%).

“The notion of price reductions in our local luxury market is being emphatically disproven,” said Mike Pappas, CEO at Keyes/Illustrated. “South Florida’s limited inventory — especially when it comes to waterfront property — insulates us from what is happening in other parts of the nation.”