The Miami Beach Real Estate RE-Views for October 2010

by on October 05th, 2010., under Bal Harbour Condos, Buyers of South Florida, Condos and Development, Luxury Residential Market, Miami Beach Condos, North Bay Village Condos, Seller's of South Florida, South Beach Condos, Sunny Isles Beach Condos
Bal Harbour Condos, Buyers of South Florida, Condos and Development, Luxury Residential Market, Miami Beach Condos, North Bay Village Condos, Seller's of South Florida, South Beach Condos, Sunny Isles Beach Condos | Tags: , , , , , , , , , , ,

The summer time buyer mentality is that Miami Beach real estate sales slow down and although a steady confidence builds, the month of September again proved it to be so…

Statistics for the month reflect 4,434 total condos for sale along the oceanfront communities of South Beach, Miami Beach, Bal Harbour, North Bay Village and Sunny Isles Beach and down 5% over this time last year; down 2% over last month:

** South Beach Condos: 1,621 for sale | 58 Sales in last 30 days | Average Days on Market 138 | Average Buyer Discount 4% | Average PPSF Asking $337/Sold $311
** Miami Beach Condos: 1,205 for sale | 39 Sales in last 30 days | Average Days on Market 150 | Average Buyer Discount 6% | Average PPSF Asking $255/Sold $236
** Bal Harbour Condos: 232 for sale | 4 Sales in last 30 days | Average Days on Market 147 | Average Buyer Discount 9% | Average PPSF Asking $380/Sold $332
** North Bay Village Condos: 232 for sale | 12 Sales in last 30 days | Average Days on Market 79 | Average Buyer Discount 3% | Average PPSF Asking $136/Sold $130
** Sunny Isles Beach Condos: 1,144 for sale | 51 Sales in last 30 days | Average Days on Market 142 | Average Buyer Discount 4% | Average PPSF Asking $240/Sold $231

Seasonal demand is huge and short term luxury rentals are rare. Customers will be in for the holidays to enjoy the bliss of Miami during winter and to explore the vast opportunity along Miami-Dade County Beaches. For more information on oceanfront locations, buildings or statistics simply write, find me on ‘Live Chat’ or call me toll free at 1.888.383.7326.

September 2010 - Real Estate Statistics for the Miami Beaches

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