Neighborhood Economics for Miami Beach Condos – Quarter 1 and 2 of 2015

The Miami Beach Condo Market in a Nutshell

Get a quick overview of the Miami Beach Condo Market in the first half year of 2015


(From Dade Blvd to 88th Street)

The Miami Beach Condo Market in a Nutshell – Read our quarterly report here with all the key market data to be quickly updated on the Miami Beach Condo Market

The Miami Beach Condo Market in a Nutshell – Read our quarterly report here with all the key market data to be quickly updated on the Miami Beach Condo Market

Check here for the Miami Beach Home Market

The ‘neighborhood economics’ blogs are excellent to gather a pulse on the Miami Beach Condo Market as we provide the market’s key indicators. This blog focuses on the last 6 months of Miami Beach Real Estate Data and is updated every quarter.  All Data are derived from the MLS South Florida

Data are given for Miami Beach Condos in the price ranges of:

  • $500,000 – $1M
  • $1M – $2M
  • $2M +

 

Summary of the Miami Beach Condo Market– Q2 2015

 

The Miami Beach condo market remained fairly stable. Inventory levels remained at a steady average level (Besides the jump in inventory in April for the luxury market). Generally speaking Miami Beach condos are in a buyers market albeit not a strong buyers market. Sales prices remained at an average level over the second quarter of 2015.

Stayed tuned during the next quarters to see whether the above finding are new trends!

⇓ All the data in a nutshell ⇓

Overview of the Miami Beach Condo market in the first half year of 2015. We provide the market's key data for three budgets.

Overview of the Miami Beach Condo market in the first half year of 2015. We provide the market’s key data for three budgets.

For Sale vs Sold Condos in Miami Beach

 

An overview of how many properties were listed for sale as well as how many properties were sold per month in each price range.

How many condos were listed and how many condos sold in Miami Beach in 2015 (first half year)?

How many condos were listed and how many condos sold in Miami Beach in 2015 (first half year)?

The Months of Inventory in Miami Beach

 

The months of inventory is an important indicator in real estate. It indicates how many months it takes to sell all the current listings under the assumption that no new listings will enter the market.

The months of inventory for Miami Beach condos.

The months of inventory for Miami Beach condos.

Rules of Thumb

Buyer’s market: more than 9 months of inventory based on closed sales
 Seller’s market: less than 6 months of inventory based on closed sales
 Neutral market: 6 – 9 months of inventory based on closed sales

 

The Sales Prices of condos in Miami Beach

 

Miami Beach sales prices (per Sq.Ft) in the first 6 months of 2015.

Miami Beach sales prices (per Sq.Ft) in the first 6 months of 2015.

 

Read our Quarterly Neighborhood analytics for:

♦ Aventura
♦ Bal Harbour
♦ Brickell
♦ Coconut Grove
♦ Coral Gables
♦ Downtown / Midtown Miami
♦ Fisher Island
♦ Key Biscayne Condos / Key Biscayne Homes
♦ Miami Beach Condos / Miami Beach Homes 
♦ Pinecrest
♦ South Beach Condos / South Beach Homes 
♦ South Miami
 Sunny Isles

DAvid Siddons Footer

Meet the team and see our unique insights into the Miami Real Estate Market

No generalized opinions but an analytic approach

Preferred agents of First time buyersSellersInvestors and Wealth Managers

Miami Beach Condos for Sale
New Miami Beach Condos for Sale
Miami Beach Homes for Sale
New Miami Beach Homes for Sale
Miami Beach Waterfront Homes for Sale
Miami Beach Homes for Sale in Gated Communities
Miami Beach Luxury Homes for Sale

FAQ

These are the most commonly asked Google Real Estate Related questions

1. What are the Current Best New Condos in Miami?

If you want to hear in more details our opinions on the best new Miami new construction condos. Please read this article:Best New Construction Condos 2022-2023

2. What is the best New Construction Condo in Fort Lauderdale?

In our opinion, the Residences at Pier Sixty-six are certainly the most interesting and unique. Already well underway this 32 Acre project will be home to the first of its kind Marina where owners will be able to anchor up vessels up to a staggering 400 ft! For specifics of this project see our independent review of this project.

3. How can I compare the new luxury construction Condos to the best existing Luxury Condos in Miami? 

Our Best Luxury Condos in Miami article will prove to be very useful to those looking to compare the existing to the new. You may also want to watch this video which shows the performance of the best Condos in Miami over the last 15 years!

WHY WORK WITH DAVID? THINGS YOU SHOULD KNOW...

For all our analytics we are agents driving some very unique and advanced tech. We Provide a granular and custom experience that empower our clients with the insight and tools to understand the most complex behaviors of any local markets.

  • Analytical

    Over 100 reports produced to date

  • Knowledgeable

    Over 1800 published articles and counting

  • Experienced

    Over $2 billion in real estate sales

    Reviews
David Siddons
blog

Related Articles