Miami Beach Condo Sales & Trends – 2011 Year In Review

Hello friends and only 5 days until 2012! As KT would say, I am a ‘Realtor first and a blogger second’ so please forgive the delay in posting new local information. What we’re reviewing below is the Miami Beach condo sales & trends for 2011 compared to prior years. I plan on doing an updated Sunny Isles Beach condo index soon so stay tuned!

Miami Beach Condo Sales vs. Selling Price Per Square Foot (SP$/SF):

 

  • 20114,067 Sold at $315 SP/SF (UP 10% YTD)
  • 2010 – 3,220 Sold at $282 SP/SF (Down 3% YTD)
  • 2009 – 2,515 Sold at $290 SP/SF (Down 30% YTD)
  • 2008 – 2,100 Sold at $415 SP/SF (Down 7% YTD)
  • 2007 – 1,922 Sold at $448 SP/SF

Available condo inventory today rests at 2,819 with 248 sales last month for an 11 month supply.

Harbour House Penthouse for Short Term Leasing

All figures derived from the South Florida MLS (Multiple Listing Service) including Miami Beach, South Beach, Bal Harbour, North Bay Village and Sunny Isles Beach.

About Ashton Coleman

Ashton is a technology & social media savvy professional who understands the industry providing white-glove service with a wealth of experience, an impeccable reputation and a keen ability to efficiently handle all facets of real estate. Ashton’s territory has grown significantly since 2002, marketing & selling extraordinary South Florida coastal real estate from Miami Beach to Lighthouse Point. A Certified Luxury Homes Marketing Specialist (Million Dollar Guild), with a multitude of other residential certifications, Ashton provides both exceptional service and unique selling techniques. His success is attributed to an unparalleled work ethic with years of experience including top-tier professional services where the ‘art of the deal’ is mastered in contract negotiations, deal-making intricacies and the end, results-driven real estate.

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