The Tansey Report The Industry-Leading Report on Miami Beach Real Estate
Q1 | 2022
RECENTLY SOLD BY DARIN TANSEY
The Ritz-Carlton Villas | 9 Sold
$53,350,000
45 E. Dilido Drive
$15,775,000
4701 Meridian Avenue, #PH01
4701 N Meridian Ave, #PH 21 + 24
35 E Dilido Drive
4701 N Meridian Ave, #107
1000 Biscayne Blvd, #1601
$6,350,000
3009 Pine Tree Drive
$5,960,000
4701 N Meridian Ave, #LPH-24
4701 N Meridian Ave, #421
5777 Pine Tree Drive
5699 Pine Tree Drive
$12,700,000
$4,500,000
$8,500,000
$4,400,000
$15,000,000
$4,000,000
Record-breaking results paired with a distinctive client experience The best thing about Miami, my clients tell me, is that it is so close to the United States! Miami is one of the best places in the world to live in. You can find diverse cultures, infinite sunny beaches, towering skylines, international economy & commerce, delectable cuisines, shopping for the most exquisite of tastes, and a glamorous night scene. Owning real estate in Miami is a luxury, so whether it’s residential or commercial property that you’re looking for, you’re on the right page. I specialize in the most exclusive properties in Miami Beach and its surrounding areas. Whether you’re looking for a luxury waterfront home, a condo with an incredible view, or vacant land to build your own masterpiece, guiding you to make an investment on your new lifestyle is my priority.
$15,000,000
$3,950,000
Miami Beach
SINGLE-FAMILY HOME S AND C OND OS Q1 | 2022
TOTAL SALES (CLOSED)
TOTAL INVENTORY
1,907
2,125
28.4% vs. Q4 2021
MONTH’S SUPPLY
54.0% vs. 2021
15.4% vs. Q4 2021
38.9% vs. Q4 2021
33.8% vs. 2021
AVG. SALE PRICE
102
1.9% vs. Q4 2021
8.70% vs. 2021
Miami Beach / Barrier Islands
Median Sales Price
66.0% vs. 2021
AVG. DAYS ON MARKET
$1,518,287 2.0% vs. Q4 2021
3.3
39.3% vs. 2021
Number of Sales
$750K
2,450
$650K
2,050
$550K
1,650
$450K
1,250
$350K
850
$250K
450 2013
DARINTANSEY.COM
2014
2015
2016
2017
2018
2019
2020
2021
2022
305.987.1530
Executive Director of Luxury Sales 305.987.1530 darin.tansey@elliman.com Douglas Elliman Miami Beach 1111 Lincoln Road #805 Miami Beach, FL 33139
Q1 | By The Numbers
1907 $1,518,827 +33.8%
TRANSACTIONS
Listing inventory fell to new lows as sales surged and price trend indicators pressed higher. Single family median sales price increased 18.9% year over year to a record $2,700,000 and was nearly double prepandemic levels. Listing inventory for single families dropped 33.1% annually as their sales declined 30.9% from the prior-year quarter. With the decline in sales, months of supply was 4.3 months, the third-fastest on record. As a result, its bidding war market share expanded to 12.4%, the second-highest on record. Condo market conditions were generally
DARINTANSEY.COM
CLOSED SALES YEAR-OVER-YEAR
AVG. SALE PRICE
similar, with rising prices and low listing inventory. Condo’s median sales price increased 5.1% year over year to $536,250, the second-highest on record. Listing inventory dropped 55.7% annually to a new low of 1,893, while sales surged 46.5% to 1,746. With listing inventory falling and sales rising, the pace of the market was 3.3 months, 69.2% faster than the same period last year and the fastest pace on record. Condos’ bidding war market share rose to 9.7% from 2.4% in the prior quarter.
305.987.1530