MARKET UPDATE Cervera Real Estate Market Update in collaboration with the Miami DDA
Issue 1 | January 2012
Miami: The #1 Turn-around Market in the Nation!
• Sales & Leasing Activity Report • Number of Residential Sales • Sales & Rental Price Trends • Top Downtown Buildings • Foreclosure Activity • Downtown Updates • Downtown Map
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1,046
2, 00 0
561
Condominium Units
Cervera Real Estate 1492 S. Miami Avenue Miami, FL 33130
What’s inside…
1,298 1,238
1, 50 0
Unsold 4,014 = 17%
Brickell CBD Wynwood/Edgewater Arts & Entertainment
1, 00 0
Units by District = 4,014 Total = 22,785 As ofInventory September 30, 2011 New SOLD Condominium = 18,771 (83%) Units SOLD = 83% Unsold==18,771 4,014 (17%)
0
Sold 18,771 83%
Total Inventory New Condominium Units Increased to 22,785
50
17%
Completed/Unsold New Condominium Units by District ~ September 2011
0
Cervera Real Estate and the Miami Downtown Development Authority are pleased to bring you this residential market update. According to the National Association of Realtors, Miami is the #1 turn-around market in the nation. Condo sales have increased 79 percent in the first five months of this year, largely due to an influx of foreign investors. As a downtown resident/business-owner it is important for you to know what’s happening in your area. We hope you find this information valuable.