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---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---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%…

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AirBnb & Unfurnished Rentals GRM Update – November 2019

[vc_row][vc_column][vc_empty_space height=”20px”][vc_single_image image=”1639″ img_size=”large” alignment=”center” onclick=”link_image”][vc_column_text]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 vacation…

email-blast-header---october-2019-condominiums

Condominium Market Update – October 2019

[vc_row][vc_column][vc_empty_space height=”20px”][vc_single_image image=”1353″ img_size=”large” alignment=”center” onclick=”link_image”][vc_column_text]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 sale (above)…

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South Beach Condominiums – Median Sold & Rented Prices – May 2019

[vc_row][vc_column][vc_empty_space height=”20px”][vc_single_image image=”1125″ img_size=”large” alignment=”center” onclick=”link_image”][vc_empty_space height=”20px”][vc_single_image image=”1126″ img_size=”large” alignment=”center” onclick=”link_image”][vc_column_text]Data Source: SEF MLS, May 31, ,2019 The two graphs above compare monthly price trends for waterfront and non-waterfront condominiums in South Beach. The top graph depicts median sale prices for condominiums on the water and inland whereas the graph below shows the same criteria…

email-blast-header---MAY-2019-condominiums

Condominium Market Update – May 2019

[vc_row][vc_column][vc_empty_space height=”20px”][vc_single_image image=”1122″ img_size=”large” alignment=”center” onclick=”link_image”][vc_column_text]Data Source: SEF MLS, May 27, ,2019 Most notable decreases in the last 90-day sold prices have been observed in Sunny Isles and Key Biscayne. While the last 3 months of 2018 the median sold price in Sunny Isles was well over $400,000, the current median sold price dropped to $350,000.…

email-blast-header---APRIL-2019-condominiums

Condominium Market Update – April 2019

[vc_row][vc_column][vc_empty_space height=”20px”][vc_single_image image=”1031″ img_size=”large” alignment=”center” onclick=”link_image”][vc_column_text]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…

email-blast-header---MARCH-2019-condominiums

Condominium Market Update – March 2019

[vc_row][vc_column][vc_empty_space height=”20px”][vc_single_image image=”417″ img_size=”large” alignment=”center” onclick=”link_image”][vc_column_text]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…