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South Beach Real Estate Stats for Miami Beach Condos 1st Q 2009

The South Beach Condo Index is comprised of nine buildings in the SoFi neighborhood in South Beach. These nine condo represent some of the most luxurious, prestigious, and expensive Miami Beach real estate.

Miami Beach condo statistics

In total there are 2,110 Miami Beach condos in the index. In the first quarter of this year, there were only 18 units sold.

Miami Beach Real Estate Stats for South Beach Condos

Here you can see the list price vs sale price for the first quarter of this year. Because I have been doing these stats for so long, I quickly notice that the sold/$psf is decreasing. The chart below compares sold/$psf for 2008 to 2009.

Condo	2008	1st Qt. '09
Apogee	$1354	$1209
Continuum I	$1074	$856
Continuum II	$929	$875
ICON	$724	$533
Murano	$829	$1175
Murano Grande	$638	$500
Portofino	$676	$500
S. Pointe	$619	N/A
Yacht Club	$548	$545

Related Reading:

Miami Beach Real Estate: 2008 South Beach Condo Market Index

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Posted by Kevin Tomlinson - Miami Beach Real Estate on 05/14/2009 01:06 AM

Comments (5)

Market Statistics Miami Beach in the Real Estate Market Channel

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5 Comments on South Beach Real Estate Stats for Miami Beach Condos 1st Q 2009

MAY

Thanks for the Stats, Kevin--

Good job on your graphs! This year, I used pie charts instead of bar graphs... just changing things up a bit... I had to insert a table too. But I love the way you have the actual number on each bar. Did you manually enter that, or was it automatic from a certain program?

Kevin...a great report from you as always...altho it does not sound like great news! I certainly hope you were a part of some of those sales!

Our condo market continues to feel the pinch here also. There will be 3 auctions this weekend, one in the high-end Aqua where a 1 bedroom listed in the $300's will start at $179,000 at auction. Scary!

I can say I've felt this all very personally. My own home has probably taken a $100K hit in value....I sure won't be moving anywhere soon!

Good to see you here in the Rain!

MAY

Lisa,

Hi! The graphs were prepp'd by my web wizard. There are things I just stay out of. I have NO IDEA how he makes 'em.

Thom and Ray,

Good to be back. I think I'm going to be posting to Localism more and more. I'm seeing value in that. Just really don't have time to talk about industry type of stuff anymore (although it was fun in the beginning). I just don't think it's smart to chit chat for non-essentials right now.

thanks and YES I have participated in a few (thanks to the MAN upstairs) of those sales.

Hope you guys get through relatively unscathed (as much as that can be!).