Single FamilyNeighborhood Comparison Data Source: SEF MLS, May 20, ,2019 Inventory levels continue to steadily increase across all surveyed neighborhoods. Following 2 numbers behind each neighborhood represent inventory level as of October of 2018 and inventory level as of May of 2019: Coral Gables (9.2 months, 12.5 months), Pinecrest (10.4 months, 12.5 months), East Kendall…
CondominiumNeighborhood Comparison Data Source: SEF MLS, April 22, ,2019 Number of active listings peaked around the end of last year and beginning of this year and has since dropped in all surveyed neighborhoods with the sole exception of Edgewater. Most notable decrease was in South Beach where the number of available condominiums dropped by 6.3%…
Single FamilyNeighborhood Comparison Data Source: SEF MLS, April 14, ,2019 Let’s start from the bottom of the table and look at inventory levels first. To calculate this number I am using number of sales in the last 365 days, dividing it by 12 to derive at average monthly sales velocity. Then I take an available…
CondominiumsNeighborhood Comparison Data Source: SEF MLS, Mar. 19, ,2019 The largest increase of median sale price in 3-month trailing period year-over-year (Dec-Feb) has been observed in Coconut Grove (15.3%), followed by Key Biscayne (10.6%), and South Beach (8.9%). On the opposite side in the red is Aventura (-12.9%), Edgewater/ Midtown (6.9%), and Downtown/ Central Business…
Data Source: SEF MLS, Mar. 13, 2019 All five surveyed neighborhoods above continue to display decent growth especially the front-runners Little Haiti and Allapattah. Opa Locka and Hialeah lag behind but overall low inventory levels, ongoing strong sales velocities, and high sale/list ratios still make these good investment prospects.
Data Source: SEF MLS, Mar. 11, 2019 First, I would like to address a question I have been asked a number of times recently: Why is there such a discrepancy between between Median List Price and Median Sold Price? The answer is that the pricing spectrum or distribution of available properties does not correspond to…
Graphs above compare historical trends of sold prices and rents per-square-foot for Brickell condominiums separated by year when buildings were built. We created 3 main categories: Buildings completed before year 2000, from 2000 to 2015, and after 2015. You can observe significant average price difference between fairly newly delivered properties and 2 other groups. Overall,…
There has been an uptick in a number of active condominium listings across the board with a sole exception of South Beach. The largest inventory increase of 7.3% was observed in Sunny Isles which just surpassed 3 years at 36.7 months. Inventory is calculated by dividing the number of active listings by a number of…
Data Source: SEF MLS, Feb. 15, 2019 Amount of active listings in February increased across all surveyed neighborhoods above by an average of 6.2% with a largest increase in Key Biscayne with a jump of 11.2%. Most significant increases in median asking prices from previous month are in East Kendall (7.4%) and Upper East Side…
Coral Gables & Coconut Grove Sales Data Source: SEF MLS, Feb. 15, 2019 Above graphs depict number of closings each month and median sale price in Coral Gables and Coconut Grove from January 2018 to January 2019.