Miami and Fort Lauderdale Real Estate Inventory Report | October 2016

Sunny Isles Beach Skyline 2016

Miami and Fort Lauderdale Real Estate Inventory Report | October 2016

In today’s market, buyers have the clear upper-hand while sellers are forced to compete. In the last 30 days, the Top 10 CONDOS Sold totaled $$43.550M (last month $36.8M) with a median selling price per square foot of $1,192 (last month $987). It took an average of 184 days to sell, with a median sale price of $4.075M.

Here we are for the month on a location by location study.

‘Total’ CONDOS for Sale | Median List Price Per Square Foot | Median Asking Price

Today we’re in a definitively strong buyer’s market between Miami & Fort Lauderdale. There were 1,868 & 304 condos for sale over $1M with 50 & 2 sold in the last 30 days showing us an approximate 37 and 152 month supply, respectively.

In the last 30 days, the Top 10 HOMES that Sold totaled $63.6M (last month $41M) with a median selling price per square foot of $1,064 (last month $716). It took an average of 234 days to sell, and the median sale price was $5.524M.

‘Total’ HOMES for Sale | Median List Price Per Square Foot | Median Asking Price

Again, we’re in a buyer’s market over $1M with an approximate 32 month and 30 month supply of Miami & Fort Lauderdale homes, respectively. There were 1,087 & 363 homes with 34 & 12 sold in the last 30 days.

  • Miami Beach Homes | 411 Homes| $797 LP$/PSF | $2.495M Asking Price
  • Bal Harbour Homes | 14 Homes| $930 LP$/PSF | $5.045M Asking Price
  • Bay Harbour Homes | 20 Homes| $628 LP$/PSF | $2.598M Asking Price
  • Surfside Homes | 38 Homes| $492 LP$/PSF | $884K Asking Price
  • North Bay Village Homes | 22 Homes| $344 LP$/PSF | $815K Asking Price
  • Sunny Isles Homes | 42 Homes| $529 LP$/PSF | $1.575M Asking Price
  • Aventura Homes | 45 Homes| $385 LP$/PSF | $950K Asking Price
  • Coconut Grove Homes | 77 Homes| $519 LP$/PSF | $1.895M Asking Price
  • Coral Gables Homes | 398 Homes| $440 LP$/PSF | $1.325M Asking Price
  • Miami Shores Homes | 112 Homes| $317 LP$/PSF | $698K Asking Price
  • Eastern Shores Homes | 7 Homes| $559 LP$/PSF | $1.995M Asking Price
  • Key Biscayne Homes | 96 Homes| $998 LP$/PSF | $3.490M Asking Price
  • Hallandale Beach Homes | 73 Homes| $301 LP$/PSF | $460K Asking Price
  • Golden Beach Homes | 41 Homes| $1093 LP$/PSF | $4.750M Asking Price
  • Ft. Lauderdale Beach Homes | 449 Homes| $494 LP$/PSF | $1.749M Asking Price
  • Lauderdale-by-the-Sea Homes | 25 Homes| $364 LP$/PSF | $629M Asking Price
  • Hillsboro Beach Homes | 4 Homes| $1672 LP$/PSF | $16.850M Asking Price
  • Lighthouse Point Homes | 153 Homes| $420 LP$/PSF | $1.199M Asking Price
Months of Inventory based on Closed Sales in September 2016: 39.1
Down 4.9% compared to the last month
Up 51.6% compared to the last year
Miami Beach CONDOS 1M plus INVENTORY OCT 2016
Average Sold Price per Square Footage in September 2016: $830
Up 8.6% compared to the last month
Down 33.3% compared to the last year
Miami CONDOS 1M plus Ave PPSF SOLD OCT 2016
Miami Condos ($1M+) For Sale in September 2016: 2306 units.
Down 1.5% compared to the last month
Up 37.5% compared to the last yearMiami Condos ($1M+) Closed in September 2016: 59 units.
Up 3.5% compared to the last month
Down 9.2% compared to the last year

Miami Condos ($1M+) Placed under Contract in September 2016: 56 units.
Down 6.7% compared to the last month
Down 18.8% compared to the last year

Miami CONDOS 1M plus INVENTORY OCT 2016
{Figures derived from South Florida MLS Listing Database & TRENDGraphix Miami Condos $1M+}

Luxury Real Estate in Southeast Florida

The Miami Beach Real Estate Blog is an awesome online resource for Sunny Isles & Miami Beach real estate information. Contact me for the perfect properties along Miami BeachSunny Isles BeachAventuraBal HarbourSurfsideNorth Bay Village and South Beach. I also cover the most desirable areas of Fort LauderdaleKey BiscayneCoconut GroveCoral Gables and Bay Harbour Islands. Whether you’re looking for the latest in waterfront estates, condo resales, land for development, corporate relocation, market trends, off-market properties, new construction, bulk sales, or just plain good deals, I’ll have it customized and ready for you.

Gain fast access to the latest in real estate trends, new listings, preferred developments, important news updates, sales & statistics by signing up to the Monthly VIP Buyer Alert. Explore new listings, property information & buying options on new Miami construction and developments, gated communitieswaterfront homesluxury townhomesMiami Penthouses plus so much more.

Over 14 Years Experience! I’m a Southeast Florida real estate broker-associate with the leading firm – ONE Sotheby’s International Realty. Why Sotheby’s? Because of the brand heritage, prestige, global reach and their propensity for perfection. Since 2002, I’ve been active in the Southeast Florida market with experience that rarely disappoints. No hassle. No pressure. Just honest advice.

Social Media, Stay Connected.

  1. Subscribe to the monthly alert for updates on Miami’s best neighborhoods
  2. Like Coleman Properties Group on Facebook
  3. Follow AshtonColeman on Instagram for real estate photography
  4. Follow AshtonColeman’s Twitter for the latest in South Florida news
  5. SnapChat Ashton.Coleman for behind the scenes real estate adventures

List Your Property to Sell:

ONE Sotheby’s International Realty & Ashton Coleman | Global Marketing. Local Prestige.

Miami Luxury Condos & Waterfront Homes for Sale:

Southeast Florida Real Estate | Websites & Blogs

Who You Are:

You are a client – not a customer:

  • Clients are under the protection of another
  • Customers purchase a commodity or service

Knowledge is protection. As a client, you can expect fully accurate information that you will understand, implement, and use to build your net worth.

Contact CPG

About Ashton Coleman

Ashton is a tech & 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.

folder_openBuyers of South Florida, Inventorylabel, , , , , ,