A Comprehensive analysis of Ponce Davis Luxury Homes – Quarter 1, 2015

The Comprehensive Analysis of luxury homes in Ponce Davis

What is the status of Ponce Davis Luxury Homes in Q1 2015

The Q2 2015 Ponce Davis luxury home update

♦ Averages prices ♦ Price changes ♦ Inventory levels

Ponce Davis Luxury Homes are very desired as the area is safe and family friendly. Ponce Davis is know for its large lots and lots of superb pre-construction homes. For a personalized search of Ponce Davis Luxury Homes for sale call me at +1 305 508 0899

Ponce Davis Luxury Homes are very desired as the area is safe and family friendly. Ponce Davis is know for its large lots and superb pre-construction homes. For a personalized search of Ponce Davis Luxury Homes for sale call me at +1 305 508 0899

The comprehensive analysis outlines the Ponce Davis luxury real estate market. This research focuses on the Ponce Davis luxury homes and it includes only those truly luxury properties with a sales price of $2M or more.

This analysis not only shows you the Ponce Davis Luxury market status in the first quarter of 2015 but also the price evolution of luxury homes in your neighborhood over the last 4 years.

 

Average sales prices per Sq.Ft for luxury homes in Ponce Davis – Q1 2015

 

The average sales prices for luxury homes in Ponce Davis

The average sales prices for luxury homes in Ponce Davis

As can be seen from the table above, Ponce Davis’ averages sales prices per Sq.Ft took a dive in 2012, and a major upsurge in 2014. Q1 2015 wasn’t as strong as 2014 but the price level is higher than the average in the last 4 years.

The amount of luxury homes sold with a sales price of $2M or more also increased heavily. In Q1 2015 however, only 2 luxury properties were sold in Ponce Davis.

Click to enlarge

Ponce Davis Table

 

Months of inventory for luxury homes in Ponce Davis

 

Looking at the inventory levels of luxury properties elsewhere in Miami, Ponce Davis shows a slightly higher level of inventory for luxury properties (see graph below in section “Comparing the Ponce Davis Luxury Real Estate Market“).

The luxury property market always sees higher inventory levels than the more affordable properties therefore numbers here are higher than what you might normally see in our analytical reports.

Months of inventory for luxury homes in Ponce Davis

Months of inventory for luxury homes in Ponce Davis

 

Closed sales and Pending sales of Ponce Davis Luxury Homes in Q1 2015

 

In the overview below you can see which Ponce Davis luxury properties sold and which ones where under pending sales in Q1 2015

Closed sales and luxury homes under pending sales in Ponce Davis in the first quarter of 2015

Closed sales and luxury homes under pending sales in Ponce Davis in the first quarter of 2015

 

Comparing the Ponce Davis Luxury Real Estate Market with Luxury Real Estate in other areas

 

How does the Ponce Davis Luxury Real Estate market compare to luxury homes in surrounding areas?
In the overview below we compare Ponce Davis luxury homes with Coral Gables, Pinecrest and Coconut Grove
Average prices for luxury properties in Coconut Grove and other Miami areas

Average prices for luxury properties in Coconut Grove and other Miami areas

The months of inventory of luxury homes in Pinecrest, Coconut Grove, Coral Gables and Ponce Davis combined

The months of inventory of luxury homes in Pinecrest, Coconut Grove, Coral Gables and Ponce Davis combined

 

Looking to invest in Ponce Davis luxury real estate or would you like to sit down for a more personal approach? Contact me today

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