3rd Quarter 2018 Archives - David Siddons Group David Siddons Group
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3rd Quarter 2018

The 2018 Key Biscayne Luxury Real Estate Report

August 23, 2018

The 2018 Market Analysis for Key Biscayne Luxury Homes for Sale Download the Complete 2018 Miami Luxury Real Estate Report here A Softened Luxury Home Market Key Biscayne luxury homes are experiencing a definitely soft market with around 50 months of inventory - not as soft as last years 60 months but still very soft. There have been just 11 sales (2 pending)so far this year, from between 1st Jan - 1st August 2018. Coming from an inventory of 64 active listings between $3m and $50m as [...]

The 2018 South of Fifth Luxury Condo Report

August 23, 2018

The 2018 Market Analysis for South of Fifth Luxury Condos for Sale Download the Complete 2018 Miami Luxury Real Estate Report here A Bullish Outlook After Some Years of Corrections South of Fifth has seen an extreme price surge in recent years. Prices increased considerably until they reached their peak in the summer of 2015. After 2015, we started seeing price corrections in South of Fifth. The most striking in this market however was the arrival of brand new, expensive properties such as One Ocean and Marea. [...]

The 2018 Miami Beach Luxury Condo Report

August 23, 2018

The 2018 Market Analysis for Miami Beach Luxury Condos for Sale Download the Complete 2018 Miami Luxury Real Estate Report here High Inventory, but not necessarily less demand The Miami Beach condo market saw a considerable correction in 2016, one year after the condo prices peaked. The properties priced at the highest price per SF saw the biggest decline while the lowest and average priced properties seem to have experienced just a small correction. Like in many other markets, the newest wave of condos offered a mix [...]

The 2018 Coconut Grove Luxury Condo Report

August 23, 2018

The 2018 Market Analysis for Coconut Grove Luxury Condos for Sale Download the Complete 2018 Miami Luxury Real Estate Report here Ultra-Luxury Condos are Demanded yet Scarce  The Coconut Grove condo market is unique in its kind. This niche market, which is currently developing a long-awaited luxury market, performed very well over the last few years. The Grove’s luxury market mainly consists of brand new condos and resale condos such as Grovenor House and Grove at Grand Bay. Newcomers include Park Grove, the Fairchild, and The Markers [...]

The 2018 Key Biscayne Luxury Condo Report

August 22, 2018

The 2018 Market Analysis for Key Biscayne Luxury Condos for Sale Download the Complete 2018 Miami Luxury Real Estate Report here Key Biscayne currently has 24 months of inventory. In quantity terms as of August 1st 2018 we have 30 condo properties listed for sale above $3m. 50% of the luxury market (15 of these) are priced between $3m and $5m. Only 2 units of the 30 are priced over $10m. Since Jan 1st 2018 to present we have seen 13 sales of which 7 have come [...]

The 2018 Fisher Island Luxury Condo Report

August 22, 2018

The 2018 Market Analysis for Fisher Island Luxury Condos for Sale Download the Complete 2018 Miami Luxury Real Estate Report here Fisher Island, the richest zip code in the US, is a unique market with almost only luxury properties. For such a small geographical space it has an inaudible number of luxury properties - there are currently 50 properties for sale over $3m! Since Jan 1st this year to August 1st we have seen 12 sales and there are a further 7 pending deals all over $3m. [...]

The 2018 Sunny Isles Beach Luxury Condo Report

August 22, 2018

The 2018 Market Analysis for Sunny Isles Beach Luxury Condos for Sale A Soft Investors Market with Extremely High Levels of Inventory The Sunny Isles Beach luxury market has been soft for sales through 2018. Just 9 sales so far this year over $3m and 2 pending up to August 1st 2018. Mansions of Aqualina and Porsche are the main two condos that feature multiple times in this list. There are no doubt a few others that may have sold in some of the remaining [...]

The 2018 Bal Harbour Luxury Condo Report

August 22, 2018

Bal Harbour Luxury Condos for Sale | The 2018 Market Analysis Please use the orange buttons to read the latest information on the Bal Harbour real estate market. The original article was written in 2018 and information might be outdated. Search Directly for Bal Harbour Condos for SaleThe Latest Bal Harbour Real estate news and market informationBal Harbour Condos belong to one of Miami's hottest real estate markets in 2020The State of the Bal Harbour Luxury Condo Market during Covid 19 A Soft Second Home [...]

The 2018 Brickell Luxury Condo Report

August 22, 2018

Brickell Luxury Condos for Sale | The 2018 Market Analysis Click here to see all the other videos for our 2018 Miami Luxury Real Estate Report (Videos for Miami Beach, Coconut Grove/CoralGables and Pinecrest) Softening of General Market has Influenced Luxury Condo Market Confidence in the general Brickell market has taken a downturn with the oversupply of GENERAL market product, between $600k and $1m (so much new product from buildings like SLS, Bond, Brickell Heights, 1010, Rise and Reach), which has resulted in an unsurprising correction. [...]

The Coconut Grove Luxury Real Estate Market Report 2018

August 16, 2018

Coconut Grove Luxury Homes for Sale | The 2018 Market Analysis Click here to see all the other videos for our 2018 Miami Luxury Real Estate Report (Videos for Miami Beach, Brickell and Pinecrest) Low Inventory Levels are Resulting in Increasing Prices per SF Luxury homes in Coconut Grove have seen a considerable surge in value over the last few years. As the Wall Street Journal expressed very well in a 2016 article, the Grove has seen a metamorphosis from Birckenstocks to Billionaires. The bohemian town [...]

The Coral Gables Luxury Real Estate Market Report 2018

August 16, 2018

Coral Gables Luxury Homes for Sale | The 2018 Market Analysis Click here to see all the other videos for our 2018 Miami Luxury Real Estate Report (Videos for Miami Beach, Brickell and Pinecrest) A Stable, even Bullish Coral Gables Luxury Market Despite a volatile Miami real estate market with rapid price increases followed by price corrections, the Coral Gables market has been quite stable. We did not experience inflated prices in the Gables, which has resulted in zero to none price corrections in recent years. [...]

Miami Beach Luxury Real Estate Market Report 2018

August 15, 2018

Luxury Homes for Sale in Miami Beach | The 2018 Market Analysis Click here to see all the other videos for our 2018 Miami Luxury Real Estate Report (Videos for Coral Gables, Coconut Grove, Brickell, and Pinecrest) A Buyers Market Miami Beach inventory continues to rise and more options than ever before are out there. This makes it by definition a buyers market. Despite an improved price per SF through the first quarter of 2018, the increasing supply of inventory gives buyers much more choices to shop around [...]

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