• Service Announcement: We are currently doing maintenance of the website. Some services may be unavailable during this time.
  • PRECONSTRUCTION
    CONDO PROJECT TRACKER
    or

    Bal Harbour-Surfside-Bay Harbor Islands Market Faces 28 Months Of Condo Supply For Sale

    DOWNTOWN MIAMI (Feb. 6, 2017) - More than 500 condo units are formally listed for sale in the barrier island market of Bal Harbour-Surfside-Bay Harbor Islands in the South Florida County Of Miami-Dade, according to a new report from Condo Vultures® Realty LLC.

    Based on monthly condo sales of 18 units in 2016, the Bal Harbour-Surfside-Bay Harbor Islands market now has nearly a 28-month supply of units available for purchase at a time when the tricounty region of Miami-Dade, Broward and Palm Beach is at the peak of this year’s critical Winter Buying Season, according to the report based on data from the Southeast Florida MLXchange.

    A balanced market is generally considered to have about six months of supply. More months of condo supply listed for sale suggests a buyer’s advantage and less months typically indicates a seller’s advantage in the market.

    Tenants Paid 7% Less In Miami Beach Than Greater Downtown Miami In 2016

    DOWNTOWN MIAMI (Feb. 3, 2017) - Renters leased residential properties in the trendy barrier island city of Miami Beach for about seven percent less on a per-square-foot basis monthly than the median transaction price achieved across the MacArthur Causeway on the mainland in Greater Downtown Miami in 2016, according to a new report from Condo Vultures® Realty LLC.

    Currently, nearly 1,400 residential rental properties are formally listed for lease in the world-famous tourist town of Miami Beach in the South Florida county of Miami-Dade, according to the report.

    Based on monthly completed leases of 266 residential properties in 2016, Miami Beach now has more than a five-month supply of rentals available at a time when the tricounty South Florida region is approaching the peak of this year’s critical Winter Buying Season, according to the report based on data from the Southeast Florida MLXchange.

    A balanced market is generally considered to have about six months of supply. More months of supply listed for lease suggests a tenant’s advantage and less months typically indicates a landlord’s advantage in the market.

    39 Distressed Condos Currently Available For Purchase In Miami Beach

    DOWNTOWN MIAMI (Feb. 2, 2017) - Nearly 40 distressed condo units - both shortsales and real estate owned (REO) by lenders - are formally listed for sale in the barrier island of Miami Beach in the South
    Florida county of Miami-Dade, according to a new report from Condo Vultures® Realty LLC.

    Based on distressed condo sales of about 10 units monthly in 2016, Miami Beach now has a four-month supply of distressed units available for purchase in the world-famous tourist town at a time when the
    tricounty region of Miami-Dade, Broward and Palm Beach is near the peak of this year’s critical Winter Buying Season, according to the report based on data from the Southeast Florida MLXchange.

    A balanced market is generally considered to have about six months of supply. More months of condo supply listed for sale suggests a buyer’s advantage and less months typically indicates a seller’s
    advantage in the market.

    Nearly 1,100 Miami Beach Condos Under Construction Or Recently Completed

    DOWNTOWN MIAMI (Feb. 1, 2017) - Developers have announced - and continue to proceed with plans for - more than 2,270 new condo units in the barrier island city of Miami Beach in the South Florida county of Miami-Dade, according to a Condo Vultures® Realty report based on the latest data from the consultancy CraneSpotters.com.

    Miami Beach ranks as the seventh most active coastal condo development market in the tricounty region of Miami-Dade, Broward and Palm Beach, representing nearly five percent of the more than 47,000 new South Florida units announced east of Interstate 95 since this current real estate cycle began in 2011, according to the CraneSpotters.com data as of Jan. 30, 2017.

    By comparison, the nearby barrier island markets of North Bay Village with 707 units in the pipeline, Bay Harbour-Surfside-Bay Harbor Islands with 1,645 units in the pipeline and Sunny Isles Beach with 2,667 units in the pipeline rank - in this order - No. 12, No. 8 and No. 5, respectively, in coastal South Florida.

    Asking Prices 58% Higher Than 2016 Transactions

    DOWNTOWN MIAMI (Jan. 31, 2017) - More than 725 luxury condo units are formally listed for sale at a minimum price of at least $1 million in the barrier island city of Miami Beach in the South Florida County Of Miami-Dade, according to a new report from Condo Vultures® Realty LLC.

    Based on monthly luxury condo sales of 22 units in 2016, Miami Beach now has nearly a 34-month supply of units available for purchase at a time when the tricounty region of Miami-Dade, Broward and Palm Beach is near the peak of this year’s critical Winter Buying Season, according to the report based on data from the Southeast Florida MLXchange.

    A balanced market is generally considered to have about six months of supply. More months of condo supply listed for sale suggests a buyer’s advantage and less months typically indicates a seller’s advantage in the market.

    PRECONSTRUCTION NEWS

    PRECONSTRUCTION TRENDS