statistics: South Beach Condo Market Report for June 2008
- 07/19/08 04:12 PM
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. For more information about South Beach, Miami, Miami Beach and the surrounding areas, please contact us at 786.553.0697, or email us. Visit our award winning website at www.HomesForVIPs.com. We are here to help … (0 comments)
statistics: Miami Beach Single Family Home Market Report for June 2008
- 07/19/08 03:50 PM
There are currently 453 single family homes for sale in Miami Beach. In June 2008, 12 houses sold for an average of $2,079,000 and was on the market for an average of 112 days. The median price was $1,910,000 and the sold price to list price percentage averaged 87%. It seems the market has slowed some as only 9 houses went into contract or pending. Half of the houses sold were waterfront. For more information about Miami, Miami Beach and the surrounding areas, please contact us at 786.553.0697, or email us. Visit our award winning website at www.HomesForVIPs.com. We are here to … (2 comments)
statistics: June 2008 Market Report for Single Family Homes in Miami-Dade County
- 07/12/08 03:00 PM
In June 2008 in Miami-Dade County, the inventory increased, sales decreased slightly and pending sales increased over the last month. Compared to a year ago, the inventory is up over 20% and sales are down over 35%. Currently there are 17,474 single family homes available for sale; 443 homes sold for an average price of $504,000 and was on the market for an average of 114 days. The median price was $288,000, the lowest level in several years. 739 homes went pending in June (into contract), which is the highest amount in 18 months. For more information about real estate in Miami, Miami … (1 comments)
statistics: Miami Real Estate Market Report for May 2008
- 06/21/08 04:33 PM
In Miami-Dade County for May 2008, there were 1,004 closed sales. Currently, there are 42,956 condos and houses for sale in the county. 1,567 units are pending sale -meaning they went into contract. The average sale price was $496,000, however, the median price was $288,000. Average days on market was 134 and sold for an average of 91% of list price. A year ago, inventory was 37,820 units and there were 1,572 closed sales. From one year ago, there was an increase in inventory of over 5,000 units or more than 13%, where as there was a sales decrease of more than … (4 comments)
statistics: Miami Luxury Home Market in 1st Quarter of 2008
- 06/21/08 01:33 AM
In the first quarter of 2008, 85 single-family homes sold for $1 million or more with an average of 162 days on market before they went into contract for an average of 88.6% of the list price and for an average of 83.5% of the original list price when the house first went on the market. Of the 85 houses, 52 were in the $1 million range; 18 in the $2 million range; 8 in the $3 million range; 3 sold for over $6 million t0 $7.5 million; and 4 sold for over $10 million. Currently, there are 1,871 houses for … (0 comments)
statistics: Miami & Fort Lauderdale Real Estate Improving Since January
- 06/13/08 11:51 PM
The real estate numbers have been improving for both Miami-Dade County and Broward County (which includes Fort Lauderdale) since the beginning of the year in both closed sales as well as pending sales (the number of transactions in contract). I always find it humorous that the media seems to be consistently late when it comes to reporting good real estate news, especially in South Florida, however, they are very quick to report the bad news and often exaggerate things, which really does not help our market. Case in point is the Miami Herald stating that the month of March was the … (2 comments)
statistics: Miami Real Estate Data Analyzed... To Some Degree
- 06/13/08 11:43 PM
Currently there are 42,402 homes and condos for sale in all of Miami-Dade County of which 811 sold in the month of March 2008. The sales numbers for March are down by 51% from one year ago, however, they are up 3.6% from December of last year. In the last month, the sales increased by 11%, which shows hope for the market, especially, when you factor in the pending sales (the transactions that went into contract), which for the month of March are up by 63% since December 2007. Ths bodes well for the next few months as there are … (0 comments)
statistics: Fisher Island Real Estate Sales Statistics for April 2008
- 06/08/08 07:09 AM
There were 2 closed sales at Fisher Island for the month of April, which brings the total to 5 closed sales for the first four months of 2008. Average days on market for the 5 sales was 319 days. Last year there were 4 closed sales in April 2007 and 15 sales in the first four months of 2007. Currently, Fisher Island has 140 residential properties for sale. Based on the first four months of this year, it will take 9 years to sell the remaining inventory. Of course, we expect things to pick up, however, this is one of … (0 comments)
statistics: Miami and Florida Statistics for Distressed Properties and Foreclosures
- 06/06/08 12:35 AM
As of May 11, 2008, the following statistics were found relating to distressed properties. Miami-Dade County currently has 113,127 Preforeclosures, 38,786 Auctions and 10,122 REOs, which totals over 162,000 distressed properties. The Miami area is believed to be #4 in number of distressed properties. There were an estimated 2,537,260 Pre-foreclosures, 1,518,436 properties in Auctions and 1,829,992 REOs, which total 5.885 million distressed properties nationally. This does not take into account homeowners who are late with mortgage payments or have not been reported. Florida accounts for approximately 15% of all the distressed properties in the U.S.; California accounts for about 20%. In … (0 comments)
statistics: Miami Beach Homes- Largest Price Declines
- 06/03/08 11:49 PM
After I researched the condos, I became curious about the single family homes in the area. Here is what I found. Note that this information is based on the southeast MLS and is from May 2008, so some data may have changed. Currently, there are 467 single-family houses for sale in Miami Beach. Of those currently listed, here are the 10 listings that have experienced the largest price declines on a percentage basis. 1100 Bay Drive -56% 4618 Post Ave -55% 1551 Stillwater Dr -50% 5850 Alton Rd -46% 1234 13 St -44% 1255 West Ave -44% 4365 N Michigan Ave … (1 comments)
statistics: South Beach Condos-Largest Price Declines
- 06/03/08 11:39 PM
Out of curiosity the other day, I wanted to see which currently listed condos in South Beach have adjusted their prices down the most from the original list price. Keep in mind that this information has been extracted from the Southeast MLS and is based on the information provided there, so if the property was previously listed under a different MLS number, then the statistics provided here would be changed. As of May, 2008, the ten condos in South Beach currently listed at $500,000 or more that declined the most percentage-wise are as follows: 400 Alton Road #411 -49% 3801 Collins Ave … (0 comments)
statistics: Miami Beach Real Estate Sales Statistics for April 2008
- 06/03/08 11:24 PM
In the month of April 2008, there were 117 closed sales in Miami Beach, which includes both condos and single family homes. The average sales price was $949,578 at $455 per square foot and was on the market an average of 171 days before it went into contract. The median price was $425,000 - meaning 55 properties sold for less and 55 sold for more. Compared to April 2007, sales are down 27%, however they are up 5% from the prior month. Note that 80 of the 117 closed sales occurred in South Beach, the most expensive and exclusive area of … (0 comments)
Information about real estate in Miami Beach, South Beach and nearby oceanfront and waterfront areas. Check here for the latest market reports on condos and luxury homes and related information.
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