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

{Figures derived from South Florida MLS Listing Database & TRENDGraphix Miami Condos $1M+}

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