Miami and Fort Lauderdale Real Estate Inventory Report | January 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 $36M (last month $47M) with a median selling price per square foot of $956 (last month $1,101). It took an average of 112 days to sell, with a median sale price of $2.6M.

Today we’re in a strong buyer’s market between Miami & Fort Lauderdale. There were 2,563 & 448 condos for sale over $1M with 28 & 12 sold in the last 30 days showing us an approximate 91.5 and 37 month supply, respectively.

• Miami Beach Condos | 2953 Condos| $555 LP$/PSF | $490K Asking Price
• Bal Harbour Condos | 248 Condos| $915 LP$/PSF | $1.763M Asking Price
• Bay Harbour Condos | 155 Condos| $330 LP$/PSF | $460K Asking Price
• Surfside Condos | 108 Condos| $594 LP$/PSF | $855K Asking Price
• North Bay Village Condos | 251 Condos| $282 LP$/PSF | $320k Asking Price
• Sunny Isles Beach Condos | 1408 Condos| $549 LP$/PSF | $775K Asking Price
• Aventura Condos | 1607 Condos| $313 LP$/PSF |$439K Asking Price
• Downtown/Brickell Condos | 2635 Condos| $465 LP$/PSF | $470K Asking Price
• Coconut Grove Condos | 85 Condos| $516 LP$/PSF | $975K Asking Price
• Coral Gables Condos | 196 Condos| $388 LP$/PSF | $465K Asking Price
• Key Biscayne Condos | 268 Condos| $743 LP$/PSF | $1.143M Asking Price
• Fisher Island Condos | 50 Condos| $1,594 LP$/PSF | $5.675M Asking Price
• Hallandale Beach Condos | 1043 Condos| $247 LP$/PSF | $290K Asking Price
• Ft. Lauderdale Beach | 694 Condos| $362 LP$/PSF | $475K Asking Price
• Lauderdale-by-the-Sea Condos | 141 Condos| $353 LP$/PSF | $569K Asking Price
• Hillsboro Beach Condos | 82 Condos| $354 LP$/PSF | $454K 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 $43.1M (last month $49M) with a median selling price per square foot of $853 (last month $992). It took an average of 171 days to sell, and the median sale price was $4.480M.

Again, we’re in a buyer’s market over $1M with an approximate 56 month and 23 month supply of Miami & Fort Lauderdale homes, respectively. There were 1351 & 768 homes with 24 & 33 sold in the last 30 days.

• Miami Beach Homes | 427 Homes| $838 LP$/PSF | $2.7M Asking Price
• Bal Harbour Homes | 16 Homes| $930 LP$/PSF | $5.2M Asking Price
• Bay Harbour Homes | 20 Homes| $644 LP$/PSF | $2.749M Asking Price
• Surfside Homes | 48 Homes| $439 LP$/PSF | $797K Asking Price
• North Bay Village Homes | 18 Homes| $332 LP$/PSF | $788K Asking Price
• Sunny Isles Homes | 45 Homes| $529 LP$/PSF | $1.6M Asking Price
• Aventura Homes | 38 Homes| $413 LP$/PSF | $975K Asking Price
• Coconut Grove Homes | 72 Homes| $520 LP$/PSF | $2.1M Asking Price
• Coral Gables Homes | 365 Homes| $458 LP$/PSF | $1.4M Asking Price
• Miami Shores Homes | 116 Homes| $319 LP$/PSF | $650K Asking Price
• Eastern Shores Homes | 2 Homes| $524 LP$/PSF | $1.792M Asking Price
• Key Biscayne Homes | 106 Homes| $994 LP$/PSF | $3.493M Asking Price
• Hallandale Beach Homes | 64 Homes| $375 LP$/PSF | $900K Asking Price
• Golden Beach Homes | 46 Homes| $928 LP$/PSF | $4.375M Asking Price
• Ft. Lauderdale Beach Homes | 214 Homes| $632 LP$/PSF | $2.710M Asking Price
• Lauderdale-by-the-Sea Homes | 25 Homes| $392 LP$/PSF | $829K Asking Price
• Hillsboro Beach Homes | 4 Homes| $1760 LP$/PSF | $16.850M Asking Price
• Lighthouse Point Homes | 154 Homes| $414 LP$/PSF | $1.162M Asking Price

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

Average Sold Price per Square Footage in December 2016: $843
Down 23.2% compared to the last month
Down 17.7% compared to the last year