Miami and Fort Lauderdale Real Estate Inventory Report | November 2016

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

Today we’re in a strong buyer’s market between Miami & Fort Lauderdale. There were 1,970 & 222 condos for sale over $1M with 32 & 2 sold in the last 30 days showing us an approximate 62 and 111 month supply, respectively.

• Miami Beach Condos | 2821 Condos| $559 LP$/PSF | $489K Asking Price
• Bal Harbour Condos | 231 Condos| $852 LP$/PSF | $1.519M Asking Price
• Bay Harbour Condos | 156 Condos| $310 LP$/PSF | $448K Asking Price
• Surfside Condos | 103 Condos| $584 LP$/PSF | $750K Asking Price
• North Bay Village Condos | 252 Condos| $288 LP$/PSF | $345k Asking Price
• Sunny Isles Beach Condos | 1404 Condos| $550 LP$/PSF | $750K Asking Price
• Aventura Condos | 1576 Condos| $315 LP$/PSF |$449K Asking Price
• Downtown/Brickell Condos | 2722 Condos| $464 LP$/PSF | $460K Asking Price
• Coconut Grove Condos | 75 Condos| $452 LP$/PSF | $849K Asking Price
• Coral Gables Condos | 204 Condos| $397 LP$/PSF | $445K Asking Price
• Key Biscayne Condos | 265 Condos| $776 LP$/PSF | $1.248M Asking Price
• Fisher Island Condos | 51 Condos| $1,682 LP$/PSF | $6.443M Asking Price
• Hallandale Beach Condos | 1035 Condos| $254 LP$/PSF | $300K Asking Price
• Ft. Lauderdale Beach | 697 Condos| $352 LP$/PSF | $465K Asking Price
• Lauderdale-by-the-Sea Condos | 133 Condos| $350 LP$/PSF | $549K Asking Price
• Hillsboro Beach Condos | 81 Condos| $356 LP$/PSF | $480K Asking Price

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 24 month and 24 month supply of Miami & Fort Lauderdale homes, respectively. There were 1473 & 549 homes with 62 & 23 sold in the last 30 days.

• Miami Beach Homes | 404 Homes| $820 LP$/PSF | $2.5M Asking Price
• Bal Harbour Homes | 17 Homes| $919 LP$/PSF | $4.790M Asking Price
• Bay Harbour Homes | 16 Homes| $643 LP$/PSF | $2.699M Asking Price
• Surfside Homes | 41 Homes| $472 LP$/PSF | $899K Asking Price
• North Bay Village Homes | 20 Homes| $344 LP$/PSF | $840K Asking Price
• Sunny Isles Homes | 42 Homes| $530 LP$/PSF | $1.845M Asking Price
• Aventura Homes | 39 Homes| $411 LP$/PSF | $963K Asking Price
• Coconut Grove Homes | 75 Homes| $525 LP$/PSF | $1.999M Asking Price
• Coral Gables Homes | 386 Homes| $456 LP$/PSF | $1.347M Asking Price
• Miami Shores Homes | 107 Homes| $318 LP$/PSF | $695K Asking Price
• Eastern Shores Homes | 6 Homes| $636 LP$/PSF | $1.948M Asking Price
• Key Biscayne Homes | 96 Homes| $997 LP$/PSF | $3.495M Asking Price
• Hallandale Beach Homes | 70 Homes| $347 LP$/PSF | $510K Asking Price
• Golden Beach Homes | 41 Homes| $1024 LP$/PSF | $4.750M Asking Price
• Ft. Lauderdale Beach Homes | 326 Homes| $582 LP$/PSF | $2.3M Asking Price
• Lauderdale-by-the-Sea Homes | 27 Homes| $376 LP$/PSF | $750M Asking Price
• Hillsboro Beach Homes | 5 Homes| $1510 LP$/PSF | $15.750M Asking Price
• Lighthouse Point Homes | 147 Homes| $435 LP$/PSF | $1.275M Asking Price

Average Sold Price per Square Footage in October 2016: $1005
Up 22.3% compared to the last month
Down 2.7% compared to the last year

Home For Sale in October 2016: 2317 units.
Up 0.3% compared to the last month
Up 28.4% compared to the last yearHome Closed in October 2016: 41 units.
Down 37.9% compared to the last month
Down 35.9% compared to the last yearHome Placed under Contract in October 2016: 32 units.
Down 52.9% compared to the last month
Down 46.7% compared to the last year

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