Neighborhood Economics for Fisher Island Real Estate – Quarter 1 2015

The Fisher Island Real Estate Market in a Nutshell

Get a quick overview of the Fisher Island Real Estate Market

The quarter 2, 2015 update

The Fisher Island Real Estate Market in a Nutshell – Read our quarterly report here with all the key market data to be quickly updated on the Fisher Island Condo Market

The neighborhood economics blogs are excellent to gather a pulse on the Fisher Island Real Estate Market as we provide the market’s key indicators. This blog focuses on the last 3 months of Fisher Island Real Estate Data and is updated every quarter. All Data are derived from the MLS South Florida

Data are given for Fisher Island Condos in the price ranges of:

$1,5M – $3M
$3M – $5M
$5M +

Summary of the Fisher Island Real Estate Market– Q1 2015

Fisher Island is a very exclusive market with generally speaking a low real estate turn-over rate. The amount of listings increased only slightly in the first quarter of 2015 while only 1 property sold this quarter for $8,9M or $2,312 per Sq.Ft.
Because of the increased amount of listings and the limited amount of sales, the inventory levels rose slightly in this first quarter. Fisher Island is experiencing a buyer’s market with the exception of the $2M-$5M market in which properties are experiencing a neutral market

For Sale vs Sold Properties in Fisher Island

Largest image is provided for the price range of 1,5M – $3M. For the other price ranges please click on the thumbnail image

Fisher Island Real Estate Market of $3M- $5M

click to enlarge

Fisher Island Real Estate Market of $5M+

The Months of Inventory of Fisher Island Condos

Largest image is provided for the price range of 1,5M – $3M. For the other price ranges please click on the thumbnail image

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

Fisher Island Real Estate Market of $3M- $5M

click to enlarge