Miami & Fort Lauderdale Real Estate Inventory Report | May 2016
Buying Luxury Real Estate in Southeast Florida?
In the last 30 days, the Top 10 Condos Sold totaled $52.555M with an average selling price per square foot of $1,228. It took an average of 298 days to sell, and the median sale price jumped to $4.075M from last month’s $3.950M. Even still, we’re in a definitive buyer’s market today between Miami & Fort Lauderdale condos for sale with an approximate 24 and 12-month supply, respectively.
Total CONDOS for Sale | Median List Price Per Square Foot | Median Asking Price
- Miami Beach Condos | 2783 Condos| $572 LP$/PSF | $499K Asking Price
- Bal Harbour Condos | 204 Condos| $905 LP$/PSF | $1.590M Asking Price
- Bay Harbour Condos | 143 Condos| $309 LP$/PSF | $345K Asking Price
- Surfside Condos | 82 Condos| $590 LP$/PSF | $782K Asking Price
- North Bay Village Condos | 230 Condos| $295 LP$/PSF | $365k Asking Price
- Sunny Isles Beach Condos | 1383 Condos| $600 LP$/PSF | $850K Asking Price
- Aventura Condos | 1533 Condos| $314 LP$/PSF |$449K Asking Price
- Downtown/Brickell Condos | 2599 Condos| $461LP$/PSF | $469K Asking Price
- Coconut Grove Condos | 81 Condos| $428 LP$/PSF | $750K Asking Price
- Coral Gables Condos | 171 Condos| $384 LP$/PSF | $410K Asking Price
- Key Biscayne Condos | 232 Condos| $781 LP$/PSF | $1.350M Asking Price
- Fisher Island Condos | 51 Condos| $1,567 LP$/PSF | $4.990M Asking Price
- Ft. Lauderdale Beach | 778 Condos| $356 LP$/PSF | $489K Asking Price
In the last 30 days, the Top 10 Homes that Sold totaled $62.709M with an average selling price per square foot of $873. It took an average of 369 days to sell, and the median sale price was $4.072M down from last month’s $6.225M. We’re in a buyer’s market today between Miami & Fort Lauderdale homes for sale with an approximate 13.5 month and 13.9 month supply, respectively.
Total HOMES for Sale | Median List Price Per Square Foot | Median Asking Price
- Miami Beach Homes | 424 Homes| $868 LP$/PSF | $3M Asking Price
- Bal Harbour Homes | 15 Homes| $919 LP$/PSF | $4.749M Asking Price
- Bay Harbour Homes | 25 Homes| $759 LP$/PSF | $2.750M Asking Price
- Surfside Homes | 44 Homes| $428 LP$/PSF | $825K Asking Price
- North Bay Village Homes | 15 Homes| $375 LP$/PSF | $820K Asking Price
- Sunny Isles Homes | 46 Homes| $578 LP$/PSF | $2.2M Asking Price
- Aventura Homes | 47 Homes| $368 LP$/PSF | $950K Asking Price
- Coconut Grove Homes | 89 Homes| $468 LP$/PSF | $1.599M Asking Price
- Coral Gables Homes | 371 Homes| $443 LP$/PSF | $1.3M Asking Price
- Key Biscayne Homes | 112 Homes| $998 LP$/PSF | $3.690M Asking Price
- Ft. Lauderdale Homes | 362 Homes| $589 LP$/PSF | $2.395M Asking Price
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