email-blast-header---FEBRUARY-2020-condominiums

Condominium Market Update – March 2020

[vc_row][vc_column][vc_empty_space height=”20px”][vc_single_image image=”1952″ img_size=”large” alignment=”center” onclick=”link_image”][vc_column_text]We have yet to see more data in the upcoming months to quantify the effect of Covid-19 on local real estate. The initial data from online platforms indicate a surge in demand for real estate in the U.S. This will likely wear off though as we continue to face the…

email-blast-header---FEBRUARY-2020-single-family-homes

Single Family Market Update – February 2020

[vc_row][vc_column][vc_empty_space height=”20px”][vc_single_image image=”1925″ img_size=”large” alignment=”center” onclick=”link_image”][vc_column_text]A number of active listings hold more or less the same compared to a month ago but are significantly lower in all surveyed markets compared to a year ago. The largest active listings reductions have taken place in Coconut Grove (-24.4%), Palmetto Bay (-20.1%), Upper East Side (-20.0%), and Kendall…

email-blast-header---january-2020-CONDOMINIUMS

Condominium Market Update – January 2020

[vc_row][vc_column][vc_empty_space height=”20px”][vc_single_image image=”1871″ img_size=”large” alignment=”center” onclick=”link_image”][vc_column_text]Inventory levels continue to decline across all markets compared to the previous month. Edgewater once again decreased its inventory level by almost 2 months from December 2019 and by almost 11 months from a year ago. Significant inventory level drops also took place in South Beach and Sunny Isles Beach where time to sell…

email-blast-header---january-2020-single-family-homes

Single Family Market Update – January 2020

[vc_row][vc_column][vc_empty_space height=”20px”][vc_single_image image=”1863″ img_size=”large” alignment=”center” onclick=”link_image”][vc_column_text]Data Source: SEF MLS, January 19-20, 2020 Active listings increased slightly in Miami Shores and Palmetto Bay from a month ago but a majority of surveyed markets have a significantly lower number of active listings compared to a year ago. Neighborhoods with largest active listings year-over-year reductions include Palmetto Bay (-11.6%), Miami Shores (-13.0%), Coconut Grove (-13.4%), Upper East Side (-15.0%), and Kendall (-15.1%). Median…

email-blast-header---december-2019-single-family-homes-&-condominiums

Condominium Market Update – December 2019

[vc_row][vc_column][vc_empty_space height=”20px”][vc_single_image image=”1774″ img_size=”large” alignment=”center” onclick=”link_image”][vc_column_text]Data Source: SEF MLS, December 27, 2019 As the year-end approaches, many unsold listings are expiring compressing the inventory levels. Most of the surveyed markets have their inventory levels lower compared to not only the last month but also a year ago. The sole exception is Aventura, where the inventory level increased by 3.0%…