Neighborhood Economics for South Beach Condos | Q3 – Q4 2015 and Q1 2016

The South Beach Condo Market in a Nutshell

Get a quick overview of the South Beach Condo Market in 2015/2016

(South Beach Condos South of Dade Blvd and the venetian Islands
Zip Code 33139)

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

See all the details and pictures of the South of Fifth Listing, featured in the above video.

The Quarterly Update on South Beach Homes
The Quarterly Update on Miami Beach Condos

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

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

• $500,000 – $1M
• $1M – $2M
• $2M +

Summary of the South Beach Condo Market– Quarter 3 and 4 2015 and Quarter 1 2016

⇓ All the data in a nutshell ⇓

Overview of the South Beach Condo market in the last few months of 2015. We provide the market’s key data for three budgets.

For Sale vs Sold Condos in South 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.

Use the flashes to scroll between the different price ranges

The Months of Inventory in South 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.

Use the flashes to scroll between the different price ranges

The above levels of inventory do not include the brand new condos which are currently under construction and might enter the market as a resale condo between now and a few years. South Beach and Miami Beach will deliver approx. 1,200 new condo units in the upcoming years.

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 South Beach condos

Use the flashes to scroll between the different price ranges

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

david@siddonsgroup.com | +1 305 508 0899

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