Currently there are 2,185 condos for sale in South Beach. In June 2008, 76 condos sold for an average of $828,000 and was on the market for an average of 132 days. The median price was $408,000 and the sold price to list price percentage averaged 89%. 115 units went pending or into contract, which is the third month in a row that over 100 went pending.
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Date
4/07
5/07
6/07
7/07
8/07
9/07
10/07
11/07
12/07
1/08
2/08
3/08
4/08
5/08
6/08
For Sale
2207
2603
2207
2229
2209
2249
2302
2320
2200
2263
2243
2217
2144
2165
2185
Sold
80
91
96
80
66
52
36
59
35
46
48
67
85
94
76
Pended
91
90
94
58
133
85
46
55
41
59
82
93
113
109
115
Mon of Inv. on Sold
27.6
28.6
23.0
27.9
33.5
43.3
63.9
39.3
62.9
49.2
46.7
33.1
25.2
23.0
28.8
Mon of Inv. on Pended
24.3
28.9
23.5
38.4
16.6
26.5
50.0
42.2
53.7
38.4
27.4
23.8
19.0
19.9
19.0
Avg. Act Price
747
668
740
692
695
709
731
722
729
722
727
731
752
763
775
Avg. Sld Price
548
703
648
681
560
801
464
573
432
598
651
546
724
633
828
Avg. Sq. Ft. Price
542
662.88
630.15
597.58
521.58
655.39
459.47
586.34
512.23
571.97
625.91
514.63
586.03
585.82
655.15
Sold/List Diff. %
94
95
93
88
92
82
92
91
90
91
90
92
91
91
89
Days On Market
117
136
110
155
126
119
127
143
147
184
139
126
145
139
132
Median Price
378
358
392
394
308
310
355
351
312
350
352
340
400
375
408
This representation is based in whole or in part on data supplied by Southeast Florida Association of Realtors or its MLS. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market.
Facts and TrendsTM
Published Jul. 2008
Location : ZIP 33139
Months of Inventory Based on Closed Sales
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
Condo/Townhomes - All Properties
Prepared for you by: Michael Sahlman, P.A.
Date
4/07
5/07
6/07
7/07
8/07
9/07
10/07
11/07
12/07
1/08
2/08
3/08
4/08
5/08
6/08
For Sale
2207
2603
2207
2229
2209
2249
2302
2320
2200
2263
2243
2217
2144
2165
2185
Sold
80
91
96
80
66
52
36
59
35
46
48
67
85
94
76
Pended
91
90
94
58
133
85
46
55
41
59
82
93
113
109
115
Mon of Inv. on Sold
27.6
28.6
23.0
27.9
33.5
43.3
63.9
39.3
62.9
49.2
46.7
33.1
25.2
23.0
28.8
Mon of Inv. on Pended
24.3
28.9
23.5
38.4
16.6
26.5
50.0
42.2
53.7
38.4
27.4
23.8
19.0
19.9
19.0
Avg. Act Price
747
668
740
692
695
709
731
722
729
722
727
731
752
763
775
Avg. Sld Price
548
703
648
681
560
801
464
573
432
598
651
546
724
633
828
Avg. Sq. Ft. Price
542
662.88
630.15
597.58
521.58
655.39
459.47
586.34
512.23
571.97
625.91
514.63
586.03
585.82
655.15
Sold/List Diff. %
94
95
93
88
92
82
92
91
90
91
90
92
91
91
89
Days On Market
117
136
110
155
126
119
127
143
147
184
139
126
145
139
132
Median Price
378
358
392
394
308
310
355
351
312
350
352
340
400
375
408
This representation is based in whole or in part on data supplied by Southeast Florida Association of Realtors or its MLS. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market.
0 Comments on South Beach Condo Market Report for June 2008
Michael Sahlman e-PRO - Miami Beach Florida Real Estate
Miami Beach, FL
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