Miami and Fort Lauderdale Real Estate Inventory Report | April 2017

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

In the last 30 days, the Top 10 CONDOS Sold totaled $60.751M (JAN $36M) with a median selling price per square foot of $1,614 (JAN $956). It took an average of 253 days to sell, with a median sale price of $5.8M.

Today we’re in a strong buyer’s market between Miami & Fort Lauderdale. There were 2,709 & 462 condos for sale over $1M with 76 & 16 sold in the last 30 days showing us an approximate 36 and 29 month supply, respectively.

• Miami Beach Condos | 3027 Condos| $498 LP$/PSF | $495k Asking Price
• Bal Harbour Condos | 285 Condos| $874 LP$/PSF | $1.650M Asking Price
• Bay Harbour Condos | 172 Condos| $330 LP$/PSF | $455k Asking Price
• Surfside Condos | 100 Condos| $607 LP$/PSF | $899k Asking Price
• North Bay Village Condos | 260 Condos| $281 LP$/PSF | $319k Asking Price
• Sunny Isles Beach Condos | 1502 Condos| $566 LP$/PSF | $797k Asking Price
• Aventura Condos | 1695 Condos| $306 LP$/PSF |$425k Asking Price
• Downtown/Brickell Condos | 2808 Condos| $460 LP$/PSF | $470k Asking Price
• Coconut Grove Condos | 94 Condos| $535 LP$/PSF | $1.049M Asking Price
• Coral Gables Condos | 239 Condos| $407 LP$/PSF | $520k Asking Price
• Key Biscayne Condos | 309 Condos| $745 LP$/PSF | $1.189M Asking Price
• Fisher Island Condos | 43 Condos| $1,561 LP$/PSF | $4.9M Asking Price
• Hallandale Beach Condos | 1010 Condos| $255 LP$/PSF | $299k Asking Price
• Ft. Lauderdale Beach | 699 Condos| $379 LP$/PSF | $489k Asking Price
• Lauderdale-by-the-Sea Condos | 152 Condos| $349 LP$/PSF | $499k Asking Price
• Hillsboro Beach Condos | 92 Condos| $341 LP$/PSF | $429k Asking Price

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

In the last 30 days, the Top 10 HOMES that Sold totaled $115.2M (JAN $43M) with a median selling price per square foot of $859 (JAN $853). It took an average of 174 days to sell, and the median sale price was $7.063M.

Again, we’re in a buyer’s market over $1M with an approximate 29 month and 20 month supply of Miami & Fort Lauderdale homes, respectively. There were 1489 & 798 homes with 51 & 40 sold in the last 30 days.

• Miami Beach Homes | 446 Homes| $829 LP$/PSF | $2.575M Asking Price
• Bal Harbour Homes | 14 Homes| $858 LP$/PSF | $4.820M Asking Price
• Bay Harbour Homes | 20 Homes| $644 LP$/PSF | $2.574M Asking Price
• Surfside Homes | 50 Homes| $423 LP$/PSF | $754k Asking Price
• North Bay Village Homes | 23 Homes| $326 LP$/PSF | $740k Asking Price
• Sunny Isles Homes | 48 Homes| $501 LP$/PSF | $1.550M Asking Price
• Aventura Homes | 44 Homes| $396 LP$/PSF | $966k Asking Price
• Coconut Grove Homes | 67 Homes| $457 LP$/PSF | $1.930M Asking Price
• Coral Gables Homes | 389 Homes| $457 LP$/PSF | $1.395M Asking Price
• Miami Shores Homes | 108 Homes| $322 LP$/PSF | $699k Asking Price
• Eastern Shores Homes | 40 Homes| $597 LP$/PSF | $2.098M Asking Price
• Key Biscayne Homes | 114 Homes| $995 LP$/PSF | $3.562M Asking Price
• Hallandale Beach Homes | 59 Homes| $286 LP$/PSF | $397k Asking Price
• Golden Beach Homes | 41 Homes| $892 LP$/PSF | $4.950M Asking Price
• Ft. Lauderdale Beach Homes | 96 Homes| $547 LP$/PSF | $1.858M Asking Price
• Lauderdale-by-the-Sea Homes | 29 Homes| $370 LP$/PSF | $650k Asking Price
• Hillsboro Beach Homes | 4 Homes| $1,433 LP$/PSF | $12.375M Asking Price
• Lighthouse Point Homes | 141 Homes| $385 LP$/PSF | $995k Asking Price

{Figures derived above from South Florida MLS Listing Database & below, TRENDGraphix ‘Miami Coastal Condos $1M+‘}

Months of Inventory based on Closed Sales in February 2017: 48.3
Down 14.8% compared to the last month
Up 27.5% compared to the last year