Neighborhood Economics for South Beach Condos – Quarter 1 and 2 of 2015

The South Beach Condo Market in a Nutshell

Get a quick overview of the South Beach Condo Market in the first half year of 2015

(South Beach Condos South of Dade Blvd and the venetian Islands
Zip Code 33139)

The South Beach Condo Market in a Nutshell – Read our quarterly report here with all the key market data to be quickly updated on the South Beach Condo Market

The Quarterly Update on South Beach Homes
The Quarterly Update on Miami Beach Condos

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

Data are given for South Beach Condos in the price ranges of:

$750,000 – $1,5M
$1,5M – $3M
$3M +

Summary of the South Beach Condo Market– Q2 2015

⇓ All the data in a nutshell ⇓

Overview of the South Beach Condo market in the first half year of 2015. We provide the market’s key data for three budgets.

For Sale vs Sold Condos in South Beach

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

How many condos were listed and how many condos sold in South Beach in 2015 (first half year)?

The Months of Inventory in South Beach

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 months of inventory for South Beach condos.

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