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

The South Beach Real Estate Market in a Nutshell

♦ Average prices  ♦ Inventory levels  ♦ Number of sales

 

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

Our quarterly real estate updates are excellent to gather a pulse on the South 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 South 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 South Beach homes in the price ranges of:

  • $800,000 – $2M
  • $2M – $5M
  • $5M +

Summary of the South 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

South Beach Real Estate Update - Quarter 4 2015 | Quarter 1 of 2016

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

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

Please note that this graph provides the data for three different price ranges.

Click on image to enlarge

South Beach Real Estate Update - Quarter 4 2015 | Quarter 1 of 2016

Looking to buy a South Beach Home?

Contact me today for the most up to date investors’ advise, off-market listings and much more.

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Looking to sell your South Beach Home?

Contact me today for a more-indepth and personal analysis of the market or a free Comparative Market Analysis.

How we market and sell your property

The Months of Inventory for South 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

South Beach Real Estate Update - Quarter 4 2015 | Quarter 1 of 2016

South Beach homes for sale vs South 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 South Beach home market

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

Click on images to enlarge

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!

WHY WORK WITH DAVID? THINGS YOU SHOULD KNOW...

For all our analytics we are agents driving some very unique and advanced tech. We Provide a granular and custom experience that empower our clients with the insight and tools to understand the most complex behaviors of any local markets.

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  • Experienced

    Over $2 billion in real estate sales

    Reviews
David Siddons
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Akbota YerseitAkbota Yerseit
13:29 03 Jun 22
Excellent leaders!
Cathryne HaladnerCathryne Haladner
12:12 18 Sep 21
We have only superlatives to describe how wonderful Cris Buzolin was throughout the process of selling our townhouse in Coral Gables. We were away in the UK while the transaction was taking place and Cris handled everything-from clearing out our house, selling contents when she could, arranging the moving and storage and dealing with some very difficult problems which arose. Always patient and very willing to help in every way, Cris is a consummate professional who really cares about her clients and worked extremely hard to get the price we had asked for and make things for us as easy as she could. Nothing was too much for her to handle.Cris and Marianela (who provided additional very helpful assistance to us during the transaction) are part of the team that David Siddons has assembled.When we decided to sell our property, we contacted David and he established the framework for the transaction and ensured that everything proceeded smoothly and in accordance with our wishes. In sum, David Siddons and his team are extremely competent and professional and we are totally satisfied with the service they provided. To repeat, Cris Buzolin in particular, went way beyond what one would expect from a real estate agent. The David Siddons Group has our highest recommendation!
Jose Eduardo FilhoJose Eduardo Filho
17:17 13 Jul 21
I thank the whole team and especially Cris Buzolin who, in a very professional and competent way, helped me to sell my property safely and in the best market condition.
Idan Singh (Idan)Idan Singh (Idan)
19:53 07 Jun 21
Great Service for British Expats looking to move to the States.
Simone GarrettSimone Garrett
17:20 26 Feb 21
Fantastic group of people to work with!! David and Adriana were responsive and professional throughout the entire process. We weren't familiar with South Florida so David took us under his wing and did a fabulous job giving us a tour of select neighborhoods in South Florida and shared a great deal of information about each. We fell in love with the Botaniko community in Weston and closed the deal with Adriana. If you are buying/selling this is the team you want to work with!! Thank you guys for helping us find our dream home.
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