Sunny Isles Beach Condo Update – Quarter 4 2015 | Quarter 1 of 2016

The Sunny Isles Beach Condo Market in a Nutshell

♦ Average prices  ♦ Inventory levels  ♦ Number of sales

Get a quick overview of the Sunny Isles Beach Condo Market in the first half year of 2016

Our quarterly real estate updates are excellent to gather a pulse on the Sunny Isles Beach condo 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 Sunny Isles Beach condo 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 Sunny Isles Beach condos in the price ranges of:

• $350,000 – $1M
• $1M – $2M
• $2M +

Summary of the Sunny Isles Beach Condo 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.

The Average Sales Prices per Sq.Ft for Sunny Isles Beach condos

Have a look at the average sales prices per Sq.Ft for Sunny Isles Beach condos 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.

The Months of Inventory for Sunny Isles Beach Condos

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

Sunny Isles Beach condos for sale vs Sunny Isles Beach condos sold

This overview provides you with the amount of condos that sold vs the amount of condos that were listed on the market. This says something about the supply and demand of the Sunny Isles Beach real estate market

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