DARIN TANSEY GROUP
D OUG LAS EL L I M A N N E W DE V E LO P ME NT P R O P E RTY CO L L E CTION
D A R I N TA N S E Y SENIOR DIRECTOR OF LUXURY SALES
D
arin Tansey is a highly respected top-producing Realtor for over 10 years, selling nearly a half a billion to date. He currently manages and effectively markets over two hundred million in active residential and commercial listings. Darin offers his clients a highly unique, dedicated, and cutting-edge premier service available in today’s rapid growing industry. He focuses on an exclusive inventory of luxury waterfront properties throughout South Florida with a keen focus in Miami Beach and its immediate surrounding areas. Born and raised in Iowa, then transplanted to Chicago, Tansey attributes his success to his foundation of Midwest values believing that trust, honesty and integrity are vital to professionalism in building long-term client relationships. His cultivated relationships and dignified reputation are a true testament that his analytical approach benefits beyond managing and marketing properties but
permeates to the unsurpassed added value of far more years of successes with off-market investments adding tremendous value to his client’s portfolios. With a curated Rolodex of high net worth clientele and his active networking associations, Darin leverages it all to maximize the exposure of his client’s properties. He also excels in the processes of being the best real estate agent to his Buyer, having the client experience some of the most desirable real estate available, all the while successful to match the perfect property to their needs. Along with his impeccable work ethic, Tansey holds himself to a high caliber that has similarly transcended with him through his educational years. A graduate of Western Illinois University, he proudly holds a bachelor’s degree in Public Communications, a minor in Business Management, and a second minor in Psychology. Darin enjoys an active lifestyle and allocates his limited free time traveling, fitness training, golfing, cycling, cooking, and last but certainly not least, as a wine enthusiast collecting fine wines.
M O B I L E : 3 0 5 . 9 2 4 . 4 1 0 0 | D A R I N .TA N S E Y @ E L L I M A N . C O M
NEW DEVELOPMENT
M OV E - I N R E A DY D E C E M B E R 2 0 1 8
T H E R I T Z- C A R LTO N R E S I D E N C E S , M I A M I B E A C H
4 7 0 1 M E R I D I A N AV E N U E | M I A M I B E A C H , F L S TA R T I N G AT $ 1 , 7 6 3 , 0 0 0 S TA R T I N G AT $ 3 , 1 0 0 , 0 0 0 EQUAL HOUSING OPPORTUNITY. THE RITZ-CARLTON RESIDENCES, MIAMI BEACH ARE NOT OWNED, DEVELOPED OR SOLD BY THE RITZ-CARLTON HOTEL COMPANY, L.L.C. OR ITS AFFILIATES (“RITZ-CARLTON”). 4701 NORTH MERIDIAN, L.L.C. USES THE RITZ-CARLTON MARKS UNDER A LICENSE FROM RITZ-CARLTON, WHICH HAS NOT CONFIRMED THE ACCURACY OF ANY OF THE STATEMENTS OR REPRESENTATIONS MADE HEREIN. THIS GRAPHIC IS AN “ARTIST’S RENDERING” AND IS FOR CONCEPTUAL PURPOSES ONLY. THIS IS NOT AN OFFER TO SELL, OR SOLICITATION OF OFFERS TO BUY, THE CONDOMINIUM UNITS IN STATES WHERE SUCH OFFER OR SOLICITATION CANNOT BE MADE. PRICES, PLANS AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE.ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING THE REPRESENTATIONS OF THE DEVELOPER. ADDITIONALLY, FOR NEW YORK OFFEREES, THE COMPLETE OFFERING TERMS ARE AVAILABLE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. CD16-0120.
Through decades of experience, The Ritz-Carlton has perfected the art of turning residential living into a luxury resort experience delivering above and beyond the highest of expectations. Imagine landing in your private jet, being whisked away via helicopter and arriving home in less than 15 minutes. Residents can schedule helicopter transportation directly through the concierge. With a short, three-minute ride on the private day yacht, owners can link up to the chopper and ascend from the navigable marine helistop on Biscayne Bay. With just a few words, a dedicated staff and elite concierge can satisfy any request: reservations at full-service beach clubs, a private car and theatre tickets, to name a few. In-residence services including culinary experiences, spa treatments and beyond – you need only think it and The Ritz-Carlton Residences, Miami Beach will make it happen with ease. Designed for life, while other Miami Beach destinations provide only an address, The Ritz-Carlton Residences, Miami Beach provides a life lived to its fullest.
1 H OT E L & H O M E S S O U T H B E A C H
102 24TH STREET | MIAMI BEACH, FL S TA R T I N G AT $ 3 , 1 0 0 , 0 0 0
EQUAL HOUSING OPPORTUNITY. THIS OFFERING IS MADE ONLY BY THE PROSPECTUS FOR THE CONDOMINIUM AND NO STATEMENT SHOULD BE RELIED UPON IF NOT MADE IN THE PROSPECTUS. FOR NEW YORK PURCHASERS ONLY, REFERENCE SHOULD BE MADE TO THE CPS-12 APPLICATION FOR THE CONDOMINIUM FILED WITH THE STATE OF NEW YORK, DEPARTMENT OF LAW FILE NO. CP16-0063.
PA R K G R O V E
T W O PA R K G R O V E P E N T H O U S E 2 8 2 1 SS OTA U TRHT IBNAY HO G S AT $R 3E , 0D 0 0R,I0V0E0, M I A M I S TA R T I N G AT $ 3 , 0 0 0 , 0 0 0
THIS PROJECT IS BEING DEVELOPED BY 2701 BAYSHORE ONE PARK GROVE, LLC, A FLORIDA LIMITED LIABILITY COMPANY (“DEVELOPER”). ALL IMAGES AND DESIGNS DEPICTED HEREIN ARE ARTIST’S CONCEPTUAL RENDERINGS, WHICH ARE BASED UPON PRELIMINARY DEVELOPMENT PLANS, AND ARE SUBJECT TO CHANGE WITHOUT NOTICE IN THE MANNER PROVIDED IN THE OFFERING DOCUMENTS. NO GUARANTEES OR REPRESENTATIONS WHATSOEVER ARE MADE THAT EXISTING OR FUTURE VIEWS FROM A UNIT OR OF THE PROJECT AND SURROUNDING AREAS WILL BE PROVIDED OR, IF PROVIDED, WILL BE AS DEPICTED HEREIN. ALL FIXTURES, FURNITURE AND ITEMS OF FINISH AND DECORATION OF RESIDENCES SHOWN ARE FOR DISPLAY ONLY AND MAY NOT TO BE INCLUDED WITH THE UNIT, UNLESS EXPRESSLY PROVIDED IN THE PURCHASE AGREEMENT. THIS IS NOT AN OFFER TO SELL, OR SOLICITATION OF OFFERS TO BUY, THE CONDOMINIUM UNITS IN STATES WHERE SUCH CANNOT BE MADE. ALL RIGHTS RESERVED.
A KOYA
2 0 1 5 5 B O C A W E S T D R I V E | B O C A R ATO N , F L S TA R T I N G AT $ 9 0 0 , 0 0 0 WE ARE PLEDGED TO THE LETTER AND SPIRIT OF THE U.S. POLICY FOR THE ACHIEVEMENT OF EQUAL HOUSING OPPORTUNITY THROUGHOUT THE NATION. WE ENCOURAGE AND SUPPORT AN AFFIRMATIVE ADVERTISING AND MARKETING PROGRAM IN WHICH THERE ARE NO BARRIERS TO OBTAINING HOUSING BECAUSE OF RACE, COLOR, RELIGION, SEX, HANDICAP, FAMILIAL STATUS OR NATIONAL ORIGIN. ORAL REPRESENTATION CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATION MAKE REFERENCE TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUES, TO BE FURNISHED BY A DEVELOPER TO A BUYER. OBTAIN THE PROPERTY REPORT REQUIRED BY FEDERAL LAW AND READ IT BEFORE SIGNING ANYTHING. NO FEDERAL AGENCY HAS JUDGED THE MERITS OR VALUE, IF ANY, OF THIS PROPERTY. ALL FEATURES, DIMENSIONS, DRAWINGS, GRAPHIC MATERIAL, PICTURES, CONCEPTUAL RENDERINGS, PLANS AND SPECIFICATIONS ARE NOT NECESSARILY AN ACCURATE DEPICTION AND ARE SUBJECT TO CHANGE WITHOUT NOTICE, AND DEVELOPER EXPRESSLY RESERVES THE RIGHT TO MAKE MODIFICATIONS. ALL PRICES ARE SUBJECT TO CHANGE WITHOUT NOTICE. ALL IMPROVEMENTS, DESIGN AND CONSTRUCTION ARE SUBJECT TO FIRST OBTAINING APPROPRIATE PERMITS AND APPROVALS. THIS IS NOT AN OFFER TO SELL, OR SOLICITATION OF OFFERS TO BUY, THE CONDOMINIUM UNITS IN STATES WHERE SUCH CANNOT BE MADE.
V I S TA B LU E 3730 NORTH OCEAN DRIVE S I N G E R I S L A N D, F L S TA R T I N G AT $ 1 , 6 0 0 , 0 0 0
ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING THE REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE.IN NEW YORK, THE COMPLETE OFFERING TERMS ARE IN A FLORIDA PROSPECTUS AVAILABLE FROM DEVELOPER.  A CPS-12 APPLICATION HAS BEEN ACCEPTED IN NEW YORK AS FILE NO. CP-160073.
R I VA F O R T L A U D E R DA L E
1 1 8 0 N O R T H F E D E R A L H I G H W AY | F O R T L A U D E R DA L E , F L 3 3 3 0 4 S TA R T I N G AT $ 7 0 0 , 0 0 0
WE ARE PLEDGED TO THE LETTER AND SPIRIT OF THE U.S. POLICY FOR THE ACHIEVEMENT OF EQUAL HOUSING OPPORTUNITY THROUGHOUT THE NATION. WE ENCOURAGE AND SUPPORT AN AFFIRMATIVE ADVERTISING AND MARKETING PROGRAM IN WHICH THERE ARE NO BARRIERS TO OBTAINING HOUSING BECAUSE OF RACE, COLOR, RELIGION, SEX, HANDICAP, FAMILIAL STATUS OR NATIONAL ORIGIN. ORAL REPRESENTATION CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATION MAKE REFERENCE TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUES, TO BE FURNISHED BY A DEVELOPER TO A BUYER. OBTAIN THE PROPERTY REPORT REQUIRED BY FEDERAL LAW AND READ IT BEFORE SIGNING ANYTHING. NO FEDERAL AGENCY HAS JUDGED THE MERITS OR VALUE, IF ANY, OF THIS PROPERTY. ALL FEATURES, DIMENSIONS, DRAWINGS, GRAPHIC MATERIAL, PICTURES, CONCEPTUAL RENDERINGS, PLANS AND SPECIFICATIONS ARE NOT NECESSARILY AN ACCURATE DEPICTION AND ARE SUBJECT TO CHANGE WITHOUT NOTICE, AND DEVELOPER EXPRESSLY RESERVES THE RIGHT TO MAKE MODIFICATIONS. ALL PRICES ARE SUBJECT TO CHANGE WITHOUT NOTICE. ALL IMPROVEMENTS, DESIGN AND CONSTRUCTION ARE SUBJECT TO FIRST OBTAINING APPROPRIATE PERMITS AND APPROVALS. THIS IS NOT AN OFFER TO SELL, OR SOLICITATION OF OFFERS TO BUY, THE CONDOMINIUM UNITS IN STATES WHERE SUCH CANNOT BE MADE.
G A L L E R I A LO F T S 1025 NORTHEAST 18 AVENUE | FORT LAUDERDALE, FL S TA R T I N G AT $ 5 0 0 , 0 0 0
ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY THE DEVELOPER TO A BUYER OR LESSEE. THESE MATERIALS DO NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY A UNIT IN GALLERIA LOFTS, A CONDOMINIUM (THE “CONDOMINIUM”). NO SOLICITATION, OFFER OR SALE OF A UNIT IN THE CONDOMINIUM WILL BE MADE IN ANY STATE OR COUNTRY IN WHICH SUCH ACTIVITY WOULD BE UNLAWFUL PRIOR TO ANY REQUIRED REGISTRATION IN SUCH JURISDICTION, AND NO STATEMENT HEREIN SHOULD BE CONSTRUED AS OR RELIED UPON AS A REPRESENTATION OR GUARANTEE. ALL OFFERS AND INCENTIVES HEREIN (“OFFERS”) ARE SUBJECT TO ADDITIONAL TERMS, CONDITIONS AND RESTRICTIONS. OFFERS ARE GOOD FOR A LIMITED TIME ONLY AND SUBJECT TO AVAILABILITY. GALLERIA LOFTS, LLC, A FLORIDA LIMITED LIABILITY COMPANY (THE “DEVELOPER”) RESERVES THE RIGHT TO CHANGE OR WITHDRAW ANY OFFER AT ANY TIME, WITHOUT NOTICE. OFFERS ARE SPECIFIC TO THE CONDOMINIUM AND MAY NOT BE COMBINED WITH OTHER OFFERS. ALL OFFERS ARE VOID WHERE PROHIBITED BY LAW AND IN STATES WHERE PRIOR REGISTRATION IS REQUIRED.
D O U G L A S E L L I M A N R E A L E S TAT E
DIVISION
PROVEN TRACK RECORD OF SERVING THE REAL E S TAT E N E E D S OF OUR CLIENTS WORLDWIDE
Douglas Elliman Sports & Entertainment is a curated, sales division that provides an elite level of real estate brokerage services for clients within the sports and entertainment industries, as well as ultra-high net-worth parties. Our Sports & Entertainment team is comprised of real estate agents who have an extensive history of working with professional athletes and celebrities, as well as the reputation for tending to every need involved with their transactions. This highly-specialized and personalized division is the first of its kind to be created under one cohesive brand that offers unparalleled international reach.
WE DELIVER THE
INTERNATIONAL BUYER
Douglas Elliman Real Estate and Knight Frank Residential’s global alliance has resulted in the largest interactive and connected network for luxury residential properties in the world. Our alliance is a testament to our shared history, vision, and commitment to our clientele. With the best agents, the finest international properties, and in depth global market analysis, we are offering our customers a truly seamless experience whether they’re in Malibu, Manhattan or Moscow. We attract the most qualified buyers from all over the world. Douglas Elliman’s alliance with Knight Frank Residential allows us to connect you to the right buyer, no matter where they live.
523 OFFICES
United Kingdom 2,145 people 85 offices 3 countries
Continental Europe 1,025 people 80 offices 16 countries
60
Asia Pacific 5,615 people 58 offices 14 countries
700+ DATABASE OF
IN
COUNTRIES
The Americas 12,025 people 271 offices 15 countries
BILLIONAIRES
Africa 700 people 23 offices 10 countries
The Middle East 50 people 3 offices 2 countries
21,500+ OVER
PEOPLE
MONAD TERRACE 1300 -1375 Monad Terrace Miami Beach, FL 33139
EIGHTY SEVEN PARK BY RENZO PIANO BUILDING WORKSHOP 8701 Collins Avenue Miami Beach, FL 33154
FOUR SEASONS PRIVATE RESIDENCES FORT LAUDERDALE 525 North Fort Lauderdale Fort Lauderdale, FL 33304
321 AT WATER’S EDGE 321 North Birch Road Fort Lauderdale, FL 33304
THE WAVE ON BAYSHORE 620 Bayshore Drive Fort Lauderdale, FL 33304
33 INTRACOASTAL 2895 Northeast 33RD Court Fort Lauderdale, FL 33306
THIS PROJECT IS BEING DEVELOPED BY 2701 BAYSHORE ONE PARK GROVE, LLC, A FLORIDA LIMITED LIABILITY COMPANY (“DEVELOPER”). ALL IMAGES AND DESIGNS DEPICTED HEREIN ARE ARTIST’S CONCEPTUAL RENDERINGS, WHICH ARE BASED UPON PRELIMINARY DEVELOPMENT PLANS, AND ARE SUBJECT TO CHANGE WITHOUT NOTICE IN THE MANNER PROVIDED IN THE OFFERING DOCUMENTS. NO GUARANTEES OR REPRESENTATIONS WHATSOEVER ARE MADE THAT EXISTING OR FUTURE VIEWS FROM A UNIT OR OF THE PROJECT AND SURROUNDING AREAS WILL BE PROVIDED OR, IF PROVIDED, WILL BE AS DEPICTED HEREIN. ALL FIXTURES, FURNITURE AND ITEMS OF FINISH AND DECORATION OF RESIDENCES SHOWN ARE FOR DISPLAY ONLY AND MAY NOT TO BE INCLUDED WITH THE UNIT, UNLESS EXPRESSLY PROVIDED IN THE PURCHASE AGREEMENT. THIS IS NOT AN OFFER TO SELL, OR SOLICITATION OF OFFERS TO BUY, THE CONDOMINIUM UNITS IN STATES WHERE SUCH CANNOT BE MADE. ALL RIGHTS RESERVED.
3550 SOUTH OCEAN 3550 South Ocean Boulevard Palm Beach, FL 33480
THE RESIDENCES AT MANDARIN ORIENTAL, BOCA RATON 10 East Boca Raton Road Boca Raton, FL 33432
THE BRISTOL 1101 South Flagler Drive West Palm Beach, Florida 33401
CONTACT ME FOR ADDITIONAL INFORMATION OR INQUIRES
D A R I N TA N S E Y SENIOR DIRECTOR OF LUXURY SALES
MOBILE: 305.924.4100 | DARIN.TANSEY@ELLIMAN.COM
THIS PROJECT IS BEING DEVELOPED BY 2701 BAYSHORE ONE PARK GROVE, LLC, A FLORIDA LIMITED LIABILITY COMPANY (“DEVELOPER”). ALL IMAGES AND DESIGNS DEPICTED HEREIN ARE ARTIST’S CONCEPTUAL RENDERINGS, WHICH ARE BASED UPON PRELIMINARY DEVELOPMENT PLANS, AND ARE SUBJECT TO CHANGE WITHOUT NOTICE IN THE MANNER PROVIDED IN THE OFFERING DOCUMENTS. NO GUARANTEES OR REPRESENTATIONS WHATSOEVER ARE MADE THAT EXISTING OR FUTURE VIEWS FROM A UNIT OR OF THE PROJECT AND SURROUNDING AREAS WILL BE PROVIDED OR, IF PROVIDED, WILL BE AS DEPICTED HEREIN. ALL FIXTURES, FURNITURE AND ITEMS OF FINISH AND DECORATION OF RESIDENCES SHOWN ARE FOR DISPLAY ONLY AND MAY NOT TO BE INCLUDED WITH THE UNIT, UNLESS EXPRESSLY PROVIDED IN THE PURCHASE AGREEMENT. THIS IS NOT AN OFFER TO SELL, OR SOLICITATION OF OFFERS TO BUY, THE CONDOMINIUM UNITS IN STATES WHERE SUCH CANNOT BE MADE. ALL RIGHTS RESERVED.
REPORT Q2-2018
REPORT
Q2-2018
MIAMI BEACH/BARRIER ISLANDS SALES
Miami Beach Matrix
Miami Beach - Luxury Condo Matrix Average Sales Price Average Price Per Square Foot Median Sales Price Number of Sales (Closed) Days on Market (From Last List Date) Listing Discount (From Last List Price)
Miami Beach- Luxury Single Family Matrix Average Sales Price Average Price Per Square Foot Median Sales Price Number of Sales Days on Market (From Last List Date) Listing Discount (From Last List Price)
Highlights of the Quarterly Survey of Fort Lauderdale Residential Sales
The market continued to show robust results with a burst of condo sales, rising price trends and new records.
Q2–2018
%∆ (qtr)
Q1–2018
%∆ (yr)
Q2–2017
Ft. Lauderdale Market Matrix (Condos/TH)
$1,098,024 $709 $438,000 1,025 148 11.0% 6,319 18.5
8.5% 1.4% 1.9% 30.1% 85.0%
15.8% 8.2% 7.0% 10.7% 6.5%
$948,445 $655 $409,500 926 139 9.7% 6,081 19.7
Average Sales Price
-6.4% -28.0%
$1,011,741 $699 $430,000 788 80 10.4% 6,748 25.7
3.9% -6.1%
FORT LAUDERDALE SALES
REPORT
Highlights of the Quarterly Survey of Miami Beach/Barrier Islands Residential Sales
More overall sales activity with a lower rate of inventory growth and a shift towards larger luxury units.
Average Sales Price Average Price per Sq Ft Median Sales Price Number of Sales (Closed) Days on Market (From Last List Date) Listing Discount (From Last List Price) Listing Inventory (Active) Absorption Rate (Months)
2018
ELLIMAN Q2 Q2–2018
%∆ (qtr)
Q1–2018
%∆ (yr)
Q2–2017
$4,456,177 $1,426 $3,370,000 93 196 12.7%
3.9% -2.3% 17.7% 29.2% 42.0%
$4,290,644 $1,459 $2,862,500 72 138 11.5%
30.0% 10.8% 47.6% 13.4% 1.0%
$3,428,342 $1,287 $2,283,000 82 194 11.4%
Q2–2018
%∆ (qtr)
Q1–2018
%∆ (yr)
Q2–2017
$12,828,750 $1,371 $10,760,000 12 262 16.5%
55.1% -7.7% 71.5% 33.3% 85.8%
$8,273,611 $1,485 $6,275,000 9 141 17.9%
32.1% 7.4% 34.5% 0.0% -10.3%
$9,712,500 $1,276 $8,000,000 12 292 14.5%
There were 1,025 sales in the quarter, up 10.7% from the year-ago quarter. Condo sales showed higher sales growth with an expansion of market share of 3, 4 and 5-bedroom units as well as an 8.6% rise in average sales square footage. Overall inventory growth was 3.9% to 6,319 listings over the same period. The combination of rising sales and falling supply resulted in a slightly faster market pace. Overall median sales price rose 7% to $438,000, and the average sales price jumped 15.8% to $1,098,024 respectively from the prior-year quarter.
Average Price per Sq Ft Median Sales Price Number of Sales (Closed) Days on Market (From Last List Date)
Ft. Lauderdale Market Matrix (Single Family) Average Sales Price Average Price per Sq Ft Median Sales Price Number of Sales Days on Market (From Last List Date)
Q2–2018
%∆ (qtr)
Q1–2018
$494,226
7.8%
$458,359
22.1%
$326
3.2%
$316
%∆ (yr) 12.0%
Q2–2017 $291
$386,000
19.0%
$324,250
34.8%
$286,250
805
44.8%
556
32.4%
$404,738
608
82
-28.1%
114
-31.1%
119
Q2–2018
%∆ (qtr)
Q1–2018
%∆ (yr)
Q2–2017
$718,254
12.9%
$635,988
29.4%
$555,167
$343
5.2%
$326
19.1%
$288
7.9%
$366,000
16.5%
$339,000
17.0%
454
-10.2%
87
-3.8%
80
%∆ (qtr)
Q1–2018
%∆ (yr)
Q2–2017
1.1%
$1,458,612
19.8%
$1,231,540
6.6%
$548
25.6%
$465
-2.0%
$1,307,500
9.8%
$1,167,500
57
19.1%
$395,000 531 77
-11.5%
Luxury Market Matrix (Condos/TH)
Q2–2018
Average Sales Price Average Price per Sq Ft Median Sales Price Number of Sales (Closed) Days on Market (From Last List Date)
$1,475,104 $1,281,600 81
42.1%
88
-47.9%
169
-53.9%
191
Luxury Market Matrix (Single Family)
Q2–2018
%∆ (qtr)
Q1–2018
%∆ (yr)
Q2–2017
Average Sales Price Average Price per Sq Ft Median Sales Price Number of Sales Days on Market (From Last List Date)
$2,874,503
20.7%
$2,382,033
32.6%
$2,168,030
$589
8.3%
$544
19.7%
$492
$2,265,500
9.2%
$2,075,000
35.0%
$1,678,750
56
21.7%
46
0.0%
56
167
2.5%
163
7.7%
155
$584
591
68
The median sales price for condos jumped 34.8% to a new record of $386,000, and the median sales price for single families jumped 16.5% to $395,000 respectively from the year-ago quarter. Condo sales rose sharply, up 32.4% to 805 as single family sales declined 10.2% to 531 respectively over the same period. The luxury condo median sales price rose 9.8% to $1,281,600 while the luxury single-family market sales price surged 35% to $2,265,500 respectively the prior-year quarter.
IF YOU HAVE ANY QUESTIONS REGARDING THIS QUARTER’S REPORT OR IF YOU WOULD LIKE TO REVIEW THE REPORT IN ITS ENTIRETY PLEASE CONTACT ME TODAY.
IF YOU HAVE ANY QUESTIONS REGARDING THIS QUARTER’S REPORT OR IF YOU WOULD LIKE TO REVIEW THE REPORT IN ITS ENTIRETY PLEASE CONTACT ME TODAY.
LEADERS IN FLORIDA REAL ESTATE MARKET REPORTS
Q2-2018
REPORT
Q2–2018
%∆ (qtr)
Q1–2018
%∆ (yr)
Q2–2017
Average Sales Price
$349,111
22.3%
$285,371
17.8%
$296,454
Average Price per Sq Ft
19.6%
$179
15.7%
$185
$220,000
2.3%
$215,000
6.3%
$207,000
860
34.6%
639
-0.6%
865
72
0.0%
72
-11.1%
81
Boca Raton Market Matrix (Single Family)
Q2–2018
%∆ (qtr)
Q1–2018
%∆ (yr)
Q2–2017
Average Sales Price
$702,277
-3.3%
$726,374
4.1%
$674,650
$201
-4.3%
$210
2.0%
$197
$457,500
6.4%
$430,000
5.9%
$432,001
Days on Market (From Last List Date)
Average Price per Sq Ft Median Sales Price Number of Sales Days on Market (From Last List Date)
Luxury Market Matrix (Condos/TH) Average Sales Price Average Price per Sq Ft Median Sales Price Number of Sales (Closed) Days on Market (From Last List Date)
Luxury Market Matrix (Single Family) Average Sales Price Average Price per Sq Ft Median Sales Price Number of Sales Days on Market (From Last List Date)
$214
721
32.8%
543
-2.6%
740
79
2.6%
77
9.7%
72
Q2–2018
%∆ (qtr)
Q1–2018
%∆ (yr)
Q2–2017
$1,394,111
46.3%
$953,036
31.3%
$1,061,516
$476
26.9%
$375
15.8%
$411
32.6%
$792,500
24.8%
$842,500
$1,051,250
Highlights of the Quarterly Survey of Palm Beach Residential Sales
The market experienced the most sales in three years, declining inventory and a shift to smaller sized condos.
Boca Raton Market Matrix (Condos/TH)
Number of Sales (Closed)
PALM BEACH SALES
REPORT
Highlights of the Quarterly Survey of Boca Raton & Highland Beach Residential Sales
The market was characterized by rising prices and a faster market pace.
Median Sales Price
Q2-2018
BOCA RATON SALES
88
37.5%
64
0.0%
88
128
10.3%
116
14.3%
112
Q2–2018
%∆ (qtr)
Q1–2018
%∆ (yr)
Q2–2017
$2,605,203
-14.9%
$3,061,767
1.8%
$2,559,491
$366
-12.2%
$417
2.2%
$358
$1,900,000
-11.6%
$2,150,000
-4.8%
$1,995,000
73
32.7%
55
-2.7%
75
142
6.0%
134
-13.9%
165
Median sales price for condos rose 6.3% to $220,000 and median sales price for single families increased 5.9% to $457,500. Average sales price and average price per square foot followed the same pattern. Luxury condo median sales price surged 24.8% to $1,051,250 aided by a 13.5% rise in average sales size to 2,931 square feet.
Palm Beach Market Matrix (Condos/TH)
Q2–2018
%∆ (qtr)
Q1–2018
%∆ (yr)
Q2–2017
Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales (Closed) Days on Market (From Last List Date) Listing Discount (From Last List Price) Listing Inventory (active) Absorption Rate (Mos)
$1,103,469
5.7%
$1,043,854
-16.7%
$1,325,261
$632
1.8%
$621
-15.1%
$744
$625,000
4.2%
$600,000
-22.8%
$810,000
116
43.2%
81
26.1%
119
45.1%
82
15.5%
10.1%
92 103
10.3%
254
-23.0%
330
8.9% -4.2%
265
6.6
-45.9%
12.2
-23.3%
Palm Beach Market Matrix (Single Family)
Q2–2018
%∆ (qtr)
Q1–2018
%∆ (yr)
Q2–2017
Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales (Closed) Days on Market (From Last List Date) Listing Discount (From Last List Price) Listing Inventory (active) Absorption Rate (Mos)
$8,209,197
25.6%
$6,537,783
1.7%
$8,072,791
$1,489
-1.7%
$1,515
-11.7%
$1,686
33.1%
$4,000,000
26.8%
$4,200,000
Luxury Market Matrix Average Sales Price Average Price Per Sq Ft Median Sales Price Number of Sales (Closed) Days on Market (From Last List Date) Listing Discount (From Last List Price) Listing Inventory (active) Absorption Rate (Mos)
$5,325,000 44
33.3%
100
-16.7%
16.0%
33
-6.4%
120
-23.1%
8.6
47 130
13.8%
126
-19.2%
156
13.8% -10.0%
140
8.6
-39.4%
14.2
-3.4%
Q2–2018
%∆ (qtr)
Q1–2018
%∆ (yr)
Q2–2017
$15,817,653
20.9%
$13,078,948
-15.2%
$18,645,943
8.9
$1,766
-15.1% 25.1%
$2,081
-20.9%
$2,232
$10,025,000
-20.8%
$15,826,900
17
41.7%
12
21.4%
148
21.3%
122
5.7%
$12,537,970
17.7%
14.6%
14 140 15.3%
69
-31.0%
100
30.2%
53
12.2
-51.2%
25.0
7.0%
11.4
Condo sales surged for the second quarter in a row on a year over year basis. There were 116 sales, up 26.1% from the same period a year ago. Single family sales slipped by 6.4% to 44 over the same period, but the combination of property types resulted in the most overall sales since 2015. Listing inventory continued to decline across the market. There were 254 condo listings, down 4.2% and 126 single
Unlike the overall market, luxury listing inventory fell as older supply was cleared from the market. The largest drop was seen in
family listings, down 10% respectively from the same period last year.
the luxury condo market, which fell 21.1% to 243 from the year ago quarter.
Condo listing discount rose to 10.1% from 8.9% in the prior-year quarter. Single-family listing discount increased to 16% from 13.8% in the year-ago quarter suggesting a rise in negotiability.
IF YOU HAVE ANY QUESTIONS REGARDING THIS QUARTER’S REPORT OR IF YOU WOULD LIKE TO REVIEW THE REPORT IN ITS ENTIRETY PLEASE CONTACT ME TODAY.
IF YOU HAVE ANY QUESTIONS REGARDING THIS QUARTER’S REPORT OR WOULD LIKE TO REVIEW THE REPORT IN ITS ENTIRETY PLEASE CONTACT ME TODAY.
DARIN TANSEY GROUP
DARIN TANSEY | SENIOR DIRECTOR OF LUXURY SALES MOBILE: 305.924.4100 | DARIN.TANSEY@ELLIMAN.COM DARINTANSEY.COM