Archive for the ‘Market Statistics’ Category
Miami Beach is a really unique place. That’s why I get a tad frustrated with the media for lumping Miami Beach into Greater Miami’s real estate statistics on foreclosures, short sales and shadow inventory. Now there’s new phrase du jour, “double dip.” I liken Miami Beach to Manhattan or Beverly Hills. Manhattan real estate operates on its own from the […]
Miami Beach Luxury Real Estate: Waterfront Homes PPSF Falls 25% Y-O-Y
Friday, January 1st, 2010In 2009 there were 42 waterfront sales in Miami Beach. The average Miami Beach waterfront home sold for $702/ square foot. The high sale for 2009 was Shaq’s Star Island home which sold in June for $16M, and the low sale was a home in mid-beach for $1M. Coincidentally, the high and low sales in 2008 were just about the same.
Miami Beach Luxury Real Estate: Reduction of the Day -1350 S. Venetian Drive
Monday, December 14th, 2009I believe the high-end waterfront home sector in Miami Beach will be the story of 2010. Here’s why: Inventory is way up, homes have been sitting on the market for record amounts of time, and number of real estate transactions are way down.
Miami Beach condos have been pummeled in the media for years. Prices have dropped big time, except for the South of Fifth neighborhood. Inventory is decreasing and number of transactions are up—way up. Not the same for waterfront Miami Beach homes…
Miami Beach Real Estate: Luxury Waterfront Stats for 3Q 2009
Friday, November 20th, 2009Much like the high-end condos, Miami Beach waterfront homes had a tough go of it in the early part of this year. But, all told, the impact of the real estate correction will be most felt in the luxury waterfront sector. Our first ‘big’ sale didn’t come until June, and still stands unrivaled.
Venetian Islands: Whaaa?
What really raised my eyebrow was the lack of sales on the Venetian Islands for the first half of the year. During the first half of 2008
