Miami Beach Condo inventory is fluctuating with what may possibly due to summer months and we now find 10 months of condo inventory for sale. Condo inventory is down 20% (YTD) from July of 2011 and up 2% since review last month. Luxury condo towers such as Jade Ocean, Jade Beach, Ocean Four and Turnberry Ocean Colony are noticing only 3 to 5% condo inventory […]
The Miami ‘Beach’ Markets bottom was found in 2009. Miami’s real estate market is shifting rapidly from a buyers market to a sellers market with 7.95 months of remaining inventory. I’ve explored, researched and made offers for a few clients now in Downtown Miami & Brickell with similar stats and trends happening. Similar to the Miami-Dade county beaches, […]
Miami’s real estate market is shifting from a strong buyers market to a neutral market. I’ve had the opportunity to explore, research and make offers for a particular client in Downtown Miami and Brickell. Similar to the beaches, the select properties are moving quickly and while the offers were lower (15-20% off list), we’ve been […]
Hi friends, Let’s locate and analyze the top ten Miami Beach luxury condo sales from 2007 to 2011 including the average selling price per square foot in the luxury tier for the year. 2007 (Average Price Per Square Foot = $1,243) – 1500 Ocean Drive #T8 Sold at $12M ($1005 psf) Fisher Island #7263 Sold […]
Happy New Year friends and this will be post #1 of 2010. Here’s a shocking new thought for 2010… Just because it sold for that price in 2008 & 2009, does it mean you can buy it for that price today? It seems to be happening again and again as inventory decreases.. Will there be […]
2009 Trophy Property Sales from South Beach to Sunny Isles Beach. Amazing to see 199 (733 for sale today) luxury condo sales over $1M for the YTD MLS (Multiple Listing Service) records covering the Miami Dade oceanfront communities of Sunny Isles Beach, Bal Harbour, Surfside, Miami Beach & South Beach. Over $4M there were 11 […]
With the current pace & trend of the real estate market, sellers have come to terms with what it takes to get their property(s) sold in this strong Buyer’s market by slashing their list prices. With the ultimate condo selection rising to ~40 months of inventory, buyers are taking their time to cherry-pick the sweetest […]
Ashton Coleman | One Sotheby's International Realty
119 Washington Avenue Suite 102 • Miami Beach, FL 33139 • Ashton@miamidreamrealty.com
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