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…
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…
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…
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…
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…
Single FamilyNeighborhood Comparison Data Source: SEF MLS, June 15, ,2019 Number of active listings increased in all markets above except Miami Beach and Upper East Side. Most notable increase took place in Miami Shores and Coral Gables with 24.2% and 22.3% active listing increase from October of 2018. Median asking prices dropped in Coral Gables…
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…
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…