Miami Beach and Fort Lauderdale Real Estate | Residential Inventory Report for December 2017

In the last 30 days, the Top 10 CONDOS that Sold in Southeast Florida totaled $50.265M (NOV $47.5M) with a median selling price per square foot of $1,405 (NOV $1,037). It took an average of 164 days to sell, with a median sale price of $3.650M.

Today we’re in a strong buyer’s market between Miami & Fort Lauderdale. In the last 30 days, there were 2,685 & 219 condos for sale over $1M with 39 & 8 sold showing us an approximate 69 and 27.4 month supply, respectively.

‘Total’ CONDOS for Sale | Median List Price Per Square Foot | Median Asking Price

• Miami Beach Condos | 3,008 Condos| $543 LP$/PSF | $475k Asking Price
• Bal Harbour Condos | 294 Condos| $885 LP$/PSF | $1.689M Asking Price
• Bay Harbour Condos | 197 Condos| $338 LP$/PSF | $509k Asking Price
• Surfside Condos | 111 Condos| $604 LP$/PSF | $920k Asking Price
• North Bay Village Condos | 208 Condos| $288 LP$/PSF | $330k Asking Price
• Sunny Isles Beach Condos | 1,454 Condos| $568 LP$/PSF | $799k Asking Price
• Aventura Condos | 1,568 Condos| $305 LP$/PSF |$430k Asking Price
• Downtown/Brickell Condos | 2,834 Condos| $465 LP$/PSF | $490k Asking Price
• Coconut Grove Condos | 65 Condos| $878 LP$/PSF | $2.4M Asking Price
• Coral Gables Condos | 224 Condos| $398 LP$/PSF | $465k Asking Price
• Key Biscayne Condos | 307 Condos| $677 LP$/PSF | $1.079M Asking Price
• Fisher Island Condos | 29 Condos| $1,598 LP$/PSF | $4.950M Asking Price
• Hallandale Beach Condos | 894 Condos| $263 LP$/PSF | $300k Asking Price
• Ft. Lauderdale Beach | 310 Condos| $502 LP$/PSF | $793k Asking Price
• Lauderdale-by-the-Sea Condos | 113 Condos| $367 LP$/PSF | $459k Asking Price
• Hillsboro Beach Condos | 78 Condos| $327 LP$/PSF | $422k Asking Price

South Florida Homes for Sale | Explore Motivated Sellers

In the last 30 days, the Top 10 HOMES that Sold totaled $76.5M (NOV $96M) with a median selling price per square foot of $851 (NOV $658). It took an average of 163 days to sell, and the median sale price was $5.248M.

Again, we’re in a buyer’s market over $1M with an approximate 38.6 month and 22.5 month supply of Miami & Fort Lauderdale homes, respectively. There were 1,660 & 406 homes with 43 & 18 sold in the last 30 days.

‘Total’ HOMES for Sale | Median List Price Per Square Foot | Median Asking Price

• Miami Beach Homes | 422 Homes| $834 LP$/PSF | $2.499M Asking Price
• Bal Harbour Homes | 15 Homes| $857 LP$/PSF | $5.250M Asking Price
• Bay Harbour Homes | 18 Homes| $723 LP$/PSF | $2.389M Asking Price
• Surfside Homes | 42 Homes| $426 LP$/PSF | $855k Asking Price
• North Bay Village Homes | 22 Homes| $352 LP$/PSF | $872k Asking Price
• Sunny Isles Homes | 49 Homes| $475 LP$/PSF | $1.5M Asking Price
• Aventura Homes | 32 Homes| $387 LP$/PSF | $989k Asking Price
• Coconut Grove Homes | 67 Homes| $472 LP$/PSF | $1.335M Asking Price
• Coral Gables Homes | 320 Homes| $487 LP$/PSF | $1.597M Asking Price
• Miami Shores Homes | 112 Homes| $341 LP$/PSF | $628k Asking Price
• Eastern Shores Homes | 43 Homes| $552 LP$/PSF | $1.795M Asking Price
• Key Biscayne Homes | 105 Homes| $947 LP$/PSF | $3.5M Asking Price
• Golden Beach Homes | 36 Homes| $1,015 LP$/PSF | $5.3M Asking Price
• Hallandale Beach Homes | 50 Homes| $397 LP$/PSF | $1.224M Asking Price
• Ft. Lauderdale Beach Homes | 93 Homes| $644 LP$/PSF | $2.195M Asking Price
• Lauderdale-by-the-Sea Homes | 26 Homes| $426 LP$/PSF | $998k Asking Price
• Hillsboro Beach Homes | 5 Homes| $1,924 LP$/PSF | $10.750M Asking Price
• Lighthouse Point Homes | 131 Homes| $419 LP$/PSF | $1.545M Asking Price

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

Home For Sale in November 2017: 1988 units.
Up 4.2% compared to last month
Up 2.3% compared to last year

Home Closed in November 2017: 25 units.
Down 43.2% compared to last month
Down 28.6% compared to last year

Home Placed under Contract in November 2017: 45 units.
Up 15.4% compared to last month
Up 73.1% compared to last year

Average Days on Market in November 2017: 156
Down 24.6% compared to last month
Down 3.7% compared to last year

November 2017 Sold/Original List Price Ratio Remains Steady*

Sold/Original List Price % in November 2017: 83%
Up 3.8% compared to last month
Up 2.5% compared to last year

Average Sold Price per Square Footage in November 2017: $1040
Up 7.5% compared to last month
Down 4.7% compared to last year

Average For Sale Price (in thousand) in November 2017: $3212
Down 3.3% compared to last month
Down 2.4% compared to last year

November 2017 Average Sold Price is Neutral*

Average Sold Price (in thousand) in November 2017: $2510
Up 7.3% compared to last month
Down 15.4% compared to last year

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