The Miami Beach Real Estate RE-Views for September 2010

The summer time buyer mentality is that Miami Beach real estate sales slow and although a steady confidence builds, the month of August proved it to be so…

Statistics for the month reflect 4,514 total condos for sale along the oceanfront communities of South Beach, Miami Beach, Bal Harbour, North Bay Village and Sunny Isles Beach and down 8% over this time last year; up 1% over last month:

** South Beach Condos1,673 for sale | 60 Sales in last 30 days | Average Days on Market 145 | Average Buyer Discount 7% | Average PPSF Asking $371/Sold $333

** Miami Beach Condos1,229 for sale | 46 Sales in last 30 days | Average Days on Market 127 | Average Buyer Discount 7% | Average PPSF Asking $285/Sold $259

** Bal Harbour Condos225 for sale | 11 Sales in last 30 days | Average Days on Market 161 | Average Buyer Discount 10% | Average PPSF Asking $384/Sold $341

** North Bay Village Condos243 for sale | 17 Sales in last 30 days | Average Days on Market 102 | Average Buyer Discount 5% | Average PPSF Asking $139/Sold $129

** Sunny Isles Beach Condos1,144 for sale | 37 Sales in last 30 days | Average Days on Market 159 | Average Buyer Discount 5% | Average PPSF Asking $256/Sold $235

This video on the Today Show caused many web visitors to try and search for Miami Beach and South Beach Florida condo opportunities under $50,000, only to be greatly disappointed. Whether it be the lack of true condo inventory under $100k, quality of property, the taxes or the monthly fees, most were a bit mislead on the vast opportunity along Miami-Dade County Beaches. For more information on oceanfront locations, buildings or statistics simply write, find me on Live Chat or call me toll free at 1.888.383.7326.

June 2010 – Real Estate Statistics for the Miami Beaches

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