Bal Harbour condos, buyers of South Florida, condos and investment, Miami Beach Condos, North Bay Village condos, the seller of South Florida, Sunny Isles Beach Condos South Beach Condos | Tags: Bal Harbour condos, foreclosure, Miami Beach Bank besessene Miami Beach short sales, North Bay Village condos South Beach Condos, Sunny Isles Beach Condos, Sunny Isles Beach real estate
Levels of summer condo trends have had, your UPS and downs and Miami Beach real estate sales slow slightly over the summer months, while inventory rose fact then fell back until April 2010. Although a steady faith along the beaches October building month proved it again a slower month for condo is sales...
Stats for the month reflect 4,356 total condominiums for sale along the Miami-Dade County oceanfront communities of South Beach, Miami Beach, Bal Harbour, North Bay Village and Sunny Isles Beach with condo inventory levels to 6% today; is this month condo inventory by 2% last month, with what is now a 27-month supply, which based on the previous 30 days sales closed with is:
* South Beach Condos: 1,535 for sale | 56 Revenue in the last 30 days | Average days on market 127 | Average buyer discount 6% | Average PPSF asking $ 338 / sold $ 308
Miami Beach Condos: 1.219 for sale | 44 Sales in the last 30 days | Average days on market 155 | Average buyer discount 5% | Average PPSF asking $ 254 / sold $ 236
* Bal Harbour condos: 237 for sale | 7 Sales in the last 30 days | Average days on market 184 | Average buyer discount 8% | Average PPSF asking $ 371 / sold $ 329
* North Bay Village condos: 216 for sale | 8 Sales in the last 30 days | Average days on market 81 | Average buyer discount 2% | Average PPSF asking $ 130 / sold $ 127
* Sunny Isles Beach Condos: 1,149 for sale | 46 Sales in the last 30 days | Average days on market 127 | Average buyer discount 4% | Average PPSF asking $ 243 / sold $ 227
On one side of the coin Miami Beach condo inventory has been declining ~ 2% every month price list price ratios have increased a buyer discount of on average 4% reflected while active days on the market to sell months fell to 4.5. All these three indicators are good signs of improvement, but I'm also on the back foot see sales price per square on the consistent downward trend. For the previous month Miami Beach (REO) bank owned foreclosures only 4% of our inventory and 101% sale list have sold, while Miami Beach short sales at 18% of our condo inventory made and sold at 96 list sale % in. 79% all closed last month were cash transactions! Seasonal demand was huge and short-term luxury rentals available via MLS are almost fully absorbed. Many tourists are on holiday in winter to enjoy the cool bliss of Miami Beach and explore the great opportunity along Miami-Dade County beaches. Just write for more information about oceanfront locations luxurious buildings or statistics and trends, find me on the "live chat" or call me toll free at 1 888 383 7326.
October 2010 - real estate statistics for the Miami beaches
September 2010 - real estate statistics for the Miami beaches
June 2010 real estate statistics for the Miami beaches
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