Miami Beach Real Estate Update – Quarter 4 2015 | Quarter 1 of 2016

The Miami Beach Real Estate Market in a Nutshell

♦ Average prices  ♦ Inventory levels  ♦ Number of sales

 

The Miami Beach Real Estate update for Quarter 4 of 2015 and Quarter 1 for 2016.

Get a quick overview of the Miami Beach Real Estate Market in the first half year of 2016

Our quarterly real estate updates are excellent to gather a pulse on the Miami Beach real estate market as we provide the market’s key indicators. Although our real estate updates are refreshed each quarter they focus on the last half year of Miami Beach real estate data to provide you with a more complete overview of the market.  All data are derived from the MLS South Florida

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

  • $750,000 – $1,5M
  • $1,5M – $3M
  • $3M +

Summary of the Miami Beach Real Estate Market– Q4 2015 and Q1 2016

Please find all the data in the table below. For the more visual people, the graphs will follow hereafter.

Click on image to enlarge

The Miami Beach Real Estate update for Quarter 4 of 2015 and Quarter 1 for 2016.

The Average Sales Prices per Sq.Ft for Miami Beach homes

Have a look at the average sales prices per Sq.Ft for Miami Beach homes in the last 6 months

Please note that this graph provides the data for three different price ranges. The thicker, straight lines are trend lines and provide you with a better idea of to where the market is heading.

Click on image to enlarge

The Miami Beach Real Estate update for Quarter 4 of 2015 and Quarter 1 for 2016.

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The Months of Inventory for Miami Beach Homes

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.

Please note that this graph provides the data for three different price ranges. The thicker, straight lines are trend lines and provide you with a better idea of to where the market is heading.

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

Click on image to enlarge

The Miami Beach Real Estate update for Quarter 4 of 2015 and Quarter 1 for 2016.

Miami Beach homes for sale vs Miami Beach homes sold

This overview provides you with the amount of homes that sold vs the amount of homes that were listed on the market. This says something about the supply and demand of the Miami Beach home market

Please note that there are three different graphs for three different price ranges in the gallery

Click on images to enlarge

  • The Miami Beach Real Estate update for Quarter 4 of 2015 and Quarter 1 for 2016.
  • The Miami Beach Real Estate update for Quarter 4 of 2015 and Quarter 1 for 2016.
  • The Miami Beach Real Estate update for Quarter 4 of 2015 and Quarter 1 for 2016.

Miami Beach Condos for Sale
New Miami Beach Condos for Sale
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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!

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