Condominium Market Update – March 2020Neighborhood Comparison 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…
Miami Single Family Update – February 2020Neighborhood Comparison 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…
Condominium Market Update – January 2020Neighborhood Comparison 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…
Miami Single Family Update – January 2020Neighborhood Comparison 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…
CondominiumNeighborhood Comparison 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% to 20.4 months…
Miami Single Family Update – Dec 2019Neighborhood Comparison Data Source: SEF MLS, December 20-23, 2019 Biscayne Real Estate brings you the latest market data and trends for single-family homes throughout Miami. Kendall, Miami Shores, and Coconut Grove have their inventories of unsold single-family homes at the lowest levels in the last 12 months. It would…
AirBnb & Unfurnished Rentals GRMNeighborhood Comparison The table above originally included in our June Monthly Report has been updated with the latest data from MLS and AirDNA. We sorted the neighborhoods from highest to lowest premiums charged for short term furnished housing over median unfurnished rental rates. Please note that a significant section of Miami Beach prohibits short term…
Miami Single Family Update – Nov 2019Neighborhood Comparison Data Source: SEF MLS, November 13-14, 2019 Table above presents updated data for single family homes throughout Miami neighborhoods. East Kendall has the highest year-over-year increase in the median listing price of 15.3%. Coral Gables’ median listing price conversely dropped by 11.8% from November of last year. Although the listing prices themselves are…
Condominium Market Update – October 2019Neighborhood Comparison Data Source: SEF MLS, October 23, 2019 Most notable changes of available condominiums for sale took place in Coconut Grove where the number of available units increased by +9.4% to 233 and Edgewater where it decreased by -2.3% to 991. We show the changes of available units for…
Single FamilyNeighborhood Comparison Data Source: SEF MLS, September 9, 2019 Number of active single family listings decreased on all surveyed neighborhoods by an average of 10.6% with a sole exception of Key Biscayne where the active listings number increased by 5.2%. Most notable changes in median sale price in the last 90 days took place…