Whether you think it’s good or bad, but there aren’t any significant changes to point out in this month’s South Beach Condo market statistics. The most significant difference is that there were 56 condos sold in January of 2010, while the amount of units sold per months in the 3rd and 4th quarter of 2009…
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Average South Beach condo prices 2006-2009
Following up on yesterday’s post, here’s a little more insight on how prices of South Beach condos have developed from 2006 to date. The average sold px has actually increased every year from 2006-2008 and then dropped drastically in 2009. Now keep in mind that is the average of all condos sold in South Beach…
South Beach condos – nothing is selling ?
I’m sure you’ve heard people say that the real estate market is horrible and nothing is selling. Well, let’s examine that statement through some statistics. Total # of condos sold in South Beach (zip 33139): Year 2006: 1191 Year 2007: 885 (-26%) Year 2008: 884 (+/- 0%) 2009 YTD: 814 – if Dec 09 ends…
November 2009 Sobe Sales Stats
Just a quick update…. Both Oct and Nov showed 72 sales (each) for South Beach condos. Inventory levels have declined slightly from 1754 unit to 1723 units resulting in just under 24 months of unsold inventory so far. While that is still not great news compared to 6 months inventory that are considered to reflect a…
