Neighborhood Economics for Miami Beach Condos | April 2015 to April 2016

The Miami Beach Condo Market in a Nutshell

Get a quick overview of the Miami Beach condo market in the last 12 months
April 2016


From Dade Blvd to 88th Street
Zip codes 33140 and 33141

A listing at the Edition Residences in Miami Beach. These brand, new ultra-luxury hotel and residences are in high demand.

Check here for the South Beach Condo Market

The ‘neighborhood economics‘ blogs are excellent to gather a pulse on the Miami Beach Real Estate Market as we provide the market’s key indicators. This blog focuses on the last 12 months of Miami Beach Real Estate Data and is updated every quarter.  All Data are derived from the MLS South Florida

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

  • $500,000 – $1M
  • $1M – $2M
  • $2M +

The Miami Beach Condo Market: For Sale vs Sold

An overview of how many properties were listed for sale as well as how many properties were sold per month in each price range.

The Miami Beach Condo Market Analysis of 2016

The Miami Beach Condo Market: The Months of Inventory

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.

The trend lines are really the most important in these tables. It indicated whether we see a general increase or decrease in the months of inventory

The Miami Beach Condo Market Analysis of 2016

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 Miami Beach Condo Market: The Sales Prices per Sq.Ft

The trend lines are really the most important in these tables. It indicated whether we see a general increase or decrease in the Miami Beach condo prices per Sq.Ft

The Miami Beach Condo Market Analysis of 2016

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

 

Stefania Cambarau

stefania@siddonsgroup.com | +1 305 965 1232

David Siddons

david@siddonsgroup.com | +1 305 508 0899

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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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