Miami & Fort Lauderdale Homes

Months of Inventory by South Florida Locations

In order to have a general idea on the amount of SE Florida single family home inventory available today, we simply take the 2015 sales, then the average sales per month (total sales div. by 12) and then divide into the total number of homes for sale today.

Where are Miami & Fort Lauderdale’s healthier housing markets?
How does your South Florida neighborhood compare?

Miami-Dade County | Inventory with Median Sale Price

Star Island | 3 Homes for sale | 0 Sold in 2015 or n/a Month Supply | $17.995M
Palm Island | 29 Homes for sale | 6 Sold in 2015 or 58 Month Supply | $5.760M
Hibiscus Island | 14 Homes for sale | 10 Sold in 2015 or 16.8 Month Supply | $3.3M
Sunset Islands | 18 Homes for sale | 14 Sold in 2015 or 15 Month Supply | $4.136M
Venetian Islands | 52 Homes for sale | 32 Sold in 2015 or 19.5 Month Supply | $4.675M
Fisher Island | 1 Home for sale | n/a Sold in 2015 or n/a Month Supply | $21.750M
South Beach | 20 Homes for sale | 11 Sold in 2015 or 21.7 Month Supply | $1.283M
Miami Beach | 209 Homes for sale | 166 Sold in 2015 or 15 Month Supply | $1.395M
La Gorce Island | 6 Homes for sale | 2 Sold in 2015 or 35 Month Supply | $11.290M
Normandy Island | 38 Homes for sale | 69 Sold in 2015 or 6.6 Month Supply | $525k
North Bay Village | 16 Homes for sale | 22 Sold in 2015 or 8.8 Month Supply | $525k
Surfside | 38 Homes for sale | 58 Sold in 2015 or 8 Month Supply | $680k
Indian Creek Island | 2 Homes for sale | 1 Sold in 2015 or 24 Month Supply | $30M
Bay Harbour Islands | 19 Homes for sale | 13 Sold in 2015 or 17.6 Mo. Supply | $1.650M
Bal Harbour | 13 Homes for sale | 4 Sold in 2015 or 39 Month Supply | $2.050M
Sunny Isles | 35 Homes for sale | 19 Sold in 2015 or 22 Month Supply | $865k
Eastern Shores | 27 Homes for sale | 21 Sold in 2015 or 15 Month Supply | $1.353M
Miami Shores | 93 Homes for sale | 223 Sold in 2015 or 5 Month Supply | $460k
Keystone Islands | 32 Homes for sale | 57 Sold in 2015 or 6.7 Month Supply | $853k
San Souci | 15 Homes for sale | 27 Sold in 2015 or 6.6 Month Supply | $825k
Bell Meade | 28 Homes for sale | 45 Sold in 2015 or 7.5 Month Supply | $595k
Morningside | 11 Homes for sale | 24 Sold in 2015 or 5.5 Month Supply | $840k
Bay Point | 20 Homes for sale | 11 Sold in 2015 or 22 Month Supply | $2.1M
Coral Gables | 322 Homes for sale | 583 Sold in 2015 or 6.6 Month Supply | $840k
Coconut Grove | 102 Homes for sale | 133 Sold in 2015 or 9 Month Supply | $1.050M
Key Biscayne | 91 Homes for sale | 70 Sold in 2015 or 15.7 Month Supply | $2.850M
Aventura | 36 Homes for sale | 38 Sold in 2015 or 11 Month Supply | $768k
Golden Beach | 30 Homes for sale | 16 Sold in 2015 or 23 Month Supply | $2.225M

Broward County | Inventory with Median Sale Price

This research took awhile as a new(er) system called ‘MLSMatrix’ was forced upon us this month by the local boards. MLXChange is now limited by default.

Hallandale | 59 Homes for sale | 127 Sold in 2015 or 5.6 Month Supply | $170K
Hollywood (LP over $500k) | 136 Homes for sale | 126 Sold in 2015 or 13 Month Supply | $667k
Bermuda Riviera | 13 Homes for sale | 18 Sold in 2015 or 8.7 Month Supply | $1.060M
Rio Vista | 37 Homes for sale | 57 Sold in 2015 or 7.8 Month Supply | $1.105M
Victoria Park | 48 Homes for sale | 90 Sold in 2015 or 6.4 Month Supply | $565k
Sunrise Intracoastal | 2 Homes for sale | 7 Sold in 2015 or 3.4 Month Supply | $1.240M
Bay Colony | 6 Homes for sale | 9 Sold in 2015 or 8 Month Supply | $2.825M
Las Olas Area & Isles | 114 Homes for sale | 64 Sold in 2015 or 21.5 Month Supply | $1.756M
Sunrise Key | 6 Homes for sale | 4 Sold in 2015 or 18 Month Supply | $1.9M
Coral Ridge + Country Club Estates | 98 Homes for sale | 177 Sold in 2015 or 6.6 Month Supply | $719k
The Landings | 19 Homes for sale | 32 Sold in 2015 or 7 Month Supply | $1.051M
Lauderdale by the Sea | 24 Homes for sale | 72 Sold in 2015 or 4 Month Supply | $518k

Assuming a “healthy” market is 6-8 months or less, I’ll reconfirm Miami home buyers have the advantage & leverage. Fort Lauderdale real estate offers a very balanced housing market. In review of overall housing inventory, Fort Lauderdale is doing quite well. Maybe that’s why many of the Miami developers have their sights set in & on Broward County as the South Florida development boom is underway.

In contrast to the CONDO Inventory research from the prior post:

South Beach (1st through 25th Street) | 385 condos for sale / 26 Month Supply
Mid-Beach (25th through 63rd) | 146 condos for sale / 17 Month Supply
North Beach #NoBe (63rd through 87th) | 67 condos for sale / 37 Month Supply
Surfside (87th through 94th) | 68 condos for sale / 126 Month Supply
Bal Harbour (95th through 102nd) | 131 condos for sale / 30 Month Supply
Bay Harbour Islands | 15 condos for sale / 25 Month Supply
Sunny Isles Beach (150th through 195th) | 30 Month Supply
North Bay Village (Island off Miami Beach at 71st Street and Miami mainland at 79th) | n/a
Fisher Island | 78 condos for sale / 56 Month Supply
Key Biscayne | 117 condos for sale / 13 Month Supply
Coral Gables | 28 condos for sale / 16 Month Supply
Coconut Grove | 23 condos for sale / 13 Month Supply
Aventura | 191 condos for sale / 27 Month Supply
Hollywood | 72 condos for sale / 16.7 Month Supply
Fort Lauderdale (Beaches) | 17 Month Supply

For further insights on your property, simply contact me to look at the finite details specific to your home. If you would like to discuss general Miami and Fort Lauderdale real estate, please contact my office toll-free at 888.38.DREAM or send me a note here. I’m a Miami area real estate broker-associate. Since 2002, I’ve marketed, sold & serviced Sunny Isles Beach to South Beach along with Aventura to Coral Gables. Whether you’re looking for the latest in new developments, off-market properties, condo resales, market trends, South Beach lofts or lofts for sale in Miami, I have it all for your convenience. Review new listings, property information & buying options on new Miami construction, the premier gated communities, waterfront homes, luxury townhomes, Miami Penthouses plus much more. Gain access to the latest in the news, listings, trends, sales & statistics by signing up to the Monthly e-Newsletter to the right.

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Miami & Fort Lauderdale Homes | Months of Inventory by South Florida Locations

Months of Inventory by South Florida Locations