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    Sellers Seek Average Luxury Condo Listing Price Of $3.1 Million

    DOWNTOWN MIAMI (Jan. 17, 2017) - Nearly 2,450 luxury condo units listed for sale at a minimum price of at least $1 million are formally available for purchase in the South Florida county of Miami-Dade, according to a new report from Condo Vultures® Realty LLC.

    Based on monthly condo sales of 62 units in 2016, Miami-Dade County now has more than a 39-month supply of units available for purchase at a time when the tricounty region 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.

    Current Condo Asking Prices 137% Higher Than 2016 Transaction Prices

    Nearly 13,200 condo units are formally listed for purchase in the South Florida county of Miami-Dade as of Jan. 16, 2017, according to a new report from Condo Vultures® Realty LLC.

    Based on monthly condo sales of 944 units in 2016, Miami-Dade County now has a 14-month supply of units available for purchase at a time when the tricounty region 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.

    Residences Rented At Median Price Of $1.68 PSF Monthly In 2016

    Nearly 6,400 coastal residential rental properties are formally listed for lease east of Interstate 95 and/or U.S. 1 in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach counties as of Jan. 13, 2017, according to a new report from Condo Vultures® Realty LLC.

    Based on monthly completed leases of 1,511 residential properties in 2016, South Florida now has a four-month supply of rentals available at a time when the tricounty 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.

    More than 5,600 coastal condo units priced under $300,000 are formally listed for sale east of Interstate 95 and/or U.S. 1 in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach counties as of Jan. 12, 2017, according to a new report from Condo Vultures® Realty LLC.

    Based on monthly condo sales of 711 units in 2016, South Florida now has a nearly eight-month supply of units available for purchase under $300,000 at a time when the tricounty 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 condo supply listed for sale suggests a buyer’s advantage and less months typically indicates a seller’s advantage in the market.

    Nearly 17,600 coastal condo units are formally listed for sale east of Interstate 95 and/or U.S. 1 in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach counties as of Jan. 11, 2017, according to a new report from Condo Vultures® Realty LLC.

    Based on monthly condo sales of 1,268 units in 2016, South Florida now has a nearly 14-month supply of units available for purchase at a time when the tricounty 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 condo supply listed for sale suggests a buyer’s advantage and less months typically indicates a seller’s advantage in the market.

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