by Jamey on July 13, 2009
I have to apologize because recently I have been a little slack in my blog writing. It’s not really something you are supposed to say on a blog but it’s true and honestly it’s important for me to continue writing and get it back on track. My excuse? I am working with a lot of new clients and they have been keeping me super busy!
…on to the good stuff!
As I mentioned I am working with many new buyers and as I have been calling on the listings and making appointments, I am coming to realize that many of the properties are going under contract so I wanted to update you on some interesting MLS data.
MIAMI BEACH CONDOS/TOWNHOMES
- Right now in 33139 (South Beach) there are 1904 condos/town-homes on the market for sale.
- 349 are listed as short sales
- 23 are listed as foreclosures
- 222 are under contract (I know there are more that have not been updated)
- 225 closed sales over the last 90 days
- 427 closed sales so far for this year
Focus on 1 Bedrooms
81 One bedrooms sold (60 closed with cash)
14 were short sales
16 were REOs
The most expensive 1 bedroom that sold in South Beach over the last 90 days was a 1 bedroom/1.5 bath at The Setai located at 101 20th Street. It sold for $1.250 and was closed with cash.
There were 20 properties that closed with conventional loans. A few of the more popular buildings that closed with conventional loans were: Continuum I, Decoplage and South Pointe Towers.
Market Analysis Report: 1 BEDROOMS LISTED AT $250,000 & BELOW
|
|
| |
Beds |
Baths |
SqFt |
Listing Price |
Selling Price |
SP/SqFt |
DOM |
| 1 |
1 |
1,123 |
$250,000 |
$225,000 |
$463 |
1,052 |
| 1 |
1 |
390 |
$60,390 |
$71,770 |
$108 |
6 |
| 1 |
1 |
705.44 |
$166,488 |
$152,690 |
$223 |
130.02 |
| 1 |
1 |
710 |
$169,900 |
$153,563 |
$213 |
97 |
|
Market Analysis Report 1 BEDROOMS, PARKING & POOL ( LISTED UNDER $500,000)
|
|
| |
Beds |
Baths |
SqFt |
Listing Price |
Selling Price |
SP/SqFt |
DOM |
| 1 |
1 |
1,121 |
$450,000 |
$417,500 |
$535 |
1,052 |
| 1 |
1 |
525 |
$99,900 |
$126,000 |
$168 |
10 |
| 1 |
1 |
820.29 |
$246,507 |
$223,357 |
$274 |
194.19 |
| 1 |
1 |
800 |
$210,000 |
$195,000 |
$246 |
119 |
|
Market Analysis Report: 1 BEDROOMS LUXURY LISTED AT $500,000 PLUS
|
|
| |
Beds |
Baths |
SqFt |
Listing Price |
Selling Price |
SP/SqFt |
DOM |
| 1 |
2 |
1,201 |
$1,350,000 |
$1,250,000 |
$1,523 |
187 |
| 1 |
1 |
662 |
$595,000 |
$575,000 |
$552 |
82 |
| 1 |
1.25 |
931.5 |
$957,500 |
$887,500 |
$984 |
154.25 |
| 1 |
1 |
931.5 |
$942,500 |
$862,500 |
$930 |
174 |
|
by Jamey on January 17, 2009
Over the last six months, 1041 properties have rented in South Beach (33139). Over the last thirty days 128 properties have rented. Based on the MLS statistics it’s taking about three months to rent out a unit and honestly I think that is a pretty accurate average. If price, location and condition are good, most of my rental listings rent in about 90 days or less.
A list by popular buildings of rented condos in South Beach over last 30 days.....
| SN |
#BEDS |
#FB |
#HB |
LA |
List Price |
Rented Price |
| 1500 OCEAN DRIVE CONDO |
2 |
2 |
1 |
1740 |
6,900 |
7,000 |
| 1500 OCEAN DRIVE CONDO |
2 |
3 |
0 |
1740 |
5,500 |
7,000 |
| ABSOLUT CONDO |
2 |
2 |
0 |
1445 |
2,900 |
2,625 |
| ABSOLUT CONDO |
2 |
2 |
0 |
1444 |
2,850 |
2,400 |
| ABSOLUT CONDO |
2 |
2 |
0 |
1444 |
2,700 |
2,450 |
| Artecity Governor |
1 |
1 |
0 |
651 |
1,500 |
1,500 |
| BAYVIEW CONDO |
2 |
2 |
0 |
890 |
1,600 |
1,550 |
| BONNE VIE CONDO |
1 |
1 |
0 |
723 |
1,500 |
1,400 |
| CONTINUUM NORTH TOWER |
2 |
2 |
1 |
1924 |
9,000 |
8,000 |
| Continuum North Tower |
2 |
2 |
1 |
2122 |
8,800 |
8,000 |
| CONTINUUM NORTH TOWER |
2 |
2 |
1 |
1491 |
5,150 |
4,100 |
| CONTINUUM NORTH TOWER |
1 |
1 |
1 |
992 |
4,250 |
3,500 |
| CONTINUUM NORTH TOWER |
1 |
1 |
0 |
760 |
3,500 |
3,400 |
| CONTINUUM ON SOUTH BEACH |
2 |
2 |
1 |
|
7,500 |
6,900 |
| CONTINUUM ON SOUTH BEACH |
2 |
2 |
1 |
1591 |
6,800 |
6,200 |
| CONTINUUM ON SOUTH BEACH |
2 |
2 |
1 |
1591 |
6,500 |
5,500 |
| FLAMINGO SOUTH BEACH I |
2 |
2 |
0 |
1221 |
2,600 |
2,600 |
| FLAMINGO SOUTH BEACH I CO |
2 |
2 |
0 |
1072 |
3,500 |
2,000 |
| FLAMINGO SOUTH BEACH I CO |
2 |
2 |
0 |
1121 |
2,800 |
2,000 |
| FLAMINGO SOUTH BEACH I CO |
2 |
2 |
0 |
1121 |
2,000 |
1,700 |
| FLAMINGO SOUTH BEACH I CO |
0 |
1 |
0 |
461 |
1,775 |
2,000 |
| FLAMINGO SOUTH BEACH I CO |
1 |
1 |
0 |
737 |
1,650 |
1,300 |
| FLAMINGO SOUTH BEACH I CO |
1 |
1 |
0 |
745 |
1,600 |
1,600 |
| FLAMINGO SOUTH BEACH I CO |
1 |
1 |
0 |
737 |
1,500 |
1,500 |
| HENDERSON CONDO |
2 |
2 |
0 |
900 |
1,850 |
1,850 |
| ICON |
3 |
3 |
0 |
2158 |
8,000 |
4,900 |
| ICON |
2 |
2 |
1 |
1750 |
5,000 |
4,300 |
| ICON CONDO |
2 |
2 |
1 |
1750 |
4,950 |
4,500 |
| ICON CONDO |
2 |
2 |
0 |
1536 |
4,900 |
4,900 |
| IL VILLAGGIO ON SOUTH BEA |
2 |
3 |
0 |
1780 |
14,000 |
10,000 |
| IL VILLAGGIO ON SOUTH BEA |
2 |
2 |
1 |
1550 |
13,000 |
10,000 |
| MIRADOR 1000 CONDO |
2 |
2 |
0 |
1187 |
1,700 |
1,700 |
| MIRADOR 1200 CONDO |
1 |
1 |
0 |
837 |
1,900 |
2,000 |
| MURANO AT PORTOFINO CONDO |
2 |
2 |
1 |
2008 |
6,500 |
6,500 |
| MURANO GRANDE AT PORTOFIN |
2 |
2 |
1 |
2003 |
5,100 |
4,500 |
| NINE ISLAND AVENUE CONDO |
2 |
2 |
0 |
1154 |
2,200 |
1,900 |
| OCTAGON TOWERS I CONDO |
2 |
2 |
0 |
830 |
1,795 |
1,700 |
| PORTOFINO TOWER CONDO |
3 |
2 |
1 |
2340 |
6,250 |
5,800 |
| RIVO ALTO AMD |
4 |
2 |
1 |
2088 |
6,750 |
6,400 |
| Roney Palace |
2 |
2 |
0 |
1488 |
3,500 |
0 |
| RONEY PALACE CONDO |
1 |
1 |
0 |
880 |
2,300 |
1,800 |
| RONEY PALACE CONDO |
1 |
1 |
0 |
880 |
1,650 |
4,950 |
| ROYAL ATLANTIC CONDO |
1 |
1 |
0 |
654 |
1,750 |
1,750 |
| SOUTH POINTE TOWERS CONDO |
3 |
3 |
0 |
1802 |
4,500 |
4,500 |
| SUNDANCE CONDO |
2 |
2 |
0 |
1377 |
2,900 |
2,800 |
| THE ALLIAGE CONDO |
2 |
2 |
0 |
1256 |
2,600 |
2,500 |
| THE AMBASSADORS CONDO |
2 |
2 |
0 |
940 |
2,000 |
1,900 |
| THE COSMOPOLITAN RESIDENC |
2 |
2 |
1 |
1247 |
2,900 |
2,650 |
| THE COSMOPOLITAN RESIDENC |
1 |
1 |
0 |
686 |
1,800 |
1,700 |
| THE COSMOPOLITAN RESIDENC |
1 |
1 |
0 |
686 |
1,800 |
1,600 |
| THE COURTS AT SOUTH BEACH |
2 |
2 |
0 |
1300 |
2,999 |
2,750 |
| THE FLAMINGO SOUTH TOWER |
1 |
1 |
0 |
792 |
1,500 |
1,500 |
| THE FLORIDIAN CONDO |
2 |
2 |
0 |
1078 |
2,600 |
2,500 |
| THE GRAND VENETIAN CONDO |
2 |
2 |
0 |
1477 |
4,250 |
3,800 |
| THE LEXINGTON EUCLID COND |
2 |
2 |
0 |
1000 |
2,000 |
2,000 |
| THE MERIDIAN CONDO |
1 |
1 |
0 |
996 |
1,850 |
1,600 |
| THE MONTCLAIR CONDO |
1 |
2 |
0 |
1035 |
2,700 |
2,600 |
| THE MONTCLAIR CONDO |
1 |
2 |
0 |
995 |
2,600 |
2,400 |
| THE MONTCLAIR CONDO |
2 |
2 |
0 |
1014 |
1,900 |
1,800 |
| THE WAVERLY AT SOUTH BEAC |
2 |
2 |
0 |
1262 |
3,000 |
2,900 |
| THE WAVERLY AT SOUTH BEAC |
2 |
2 |
0 |
1262 |
3,000 |
3,200 |
| THE WAVERLY AT SOUTH BEAC |
2 |
2 |
0 |
1084 |
2,450 |
2,100 |
| YACHT CLUB AT PORTIFINO C |
2 |
2 |
0 |
1130 |
4,000 |
3,900 |
| YACHT CLUB AT PORTIFINO C |
4 |
3 |
1 |
1920 |
3,795 |
3,800 |
| YACHT CLUB AT PORTIFINO C |
2 |
2 |
0 |
1130 |
3,500 |
3,500 |
| YACHT CLUB AT PORTIFINO C |
2 |
2 |
0 |
1130 |
2,800 |
2,300 |
| YACHT CLUB AT PORTIFINO C |
1 |
1 |
0 |
780 |
2,500 |
2,500 |
| YACHT CLUB AT PORTIFINO C |
1 |
1 |
0 |
780 |
2,000 |
1,750 |
| YACHT CLUB AT PORTOFINO |
2 |
2 |
0 |
1080 |
2,600 |
2,400 |
The compilation of listing and market data information is provided by the REALTORS Association of Greater Miami and the Beaches. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental.
I do my best to double check for accuracy, however I am human and errors can occur. Please contact me if you find something that doesn’t look correct and I will be happy to look into it and correct if necessary.
by Jamey on December 8, 2008
Popular Buildings in 33139
| Building |
Active |
Pending |
Closed 2008 |
| Continuum N |
58 |
1 |
13 |
| Continuum S |
48 |
1 |
19 |
| Portofino |
26 |
0 |
10 |
| Apogee |
17 |
0 |
6 |
| Murano Port. |
28 |
2 |
4 |
| Yacht Club |
29 |
3 |
23 |
| Murano G. |
59 |
3 |
22 |
| Icon |
48 |
0 |
33 |
| Bentley Bay |
56 |
0 |
9 |
| The Courts |
17 |
2 |
9 |
| Cosmopolitan |
10 |
2 |
16 |
| Floridian |
67 |
6 |
17 |
| Mirador 1000 |
55 |
7 |
18 |
| Mirador 1200 |
58 |
12 |
21 |
| Mondrian |
8 |
N/A |
N/A |
| Waverly |
50 |
3 |
25 |
| Flamingo |
94 |
16 |
17 |
| Capri |
9 |
N/A |
N/A |
| Sunset Ha. S |
23 |
1 |
21 |
| Sunset Ha. N |
19 |
3 |
17 |
| Setai |
40 |
0 |
14 |
| Il Villaggio |
17 |
0 |
5 |
| W |
3 |
4 |
N/A |
| Decoplage |
46 |
6 |
21 |
| South Pt. To. |
22 |
1 |
11 |
I do my best to double check for accuracy, however I am human and errors can occur. Please contact me if you find something that doesn’t look correct and I will be happy to look into it and correct if necessary. All information provided is deemed reliable but is not guaranteed and should be independently verified. Please see the site disclaimer for more information. The compilation of listing and market data information is provided by MLS of the REALTORS Association of Greater Miami and the Beaches.
