The Tansey Report The Industry-Leading Report on Miami Beach Real Estate
Q2 | 2022
EXCLUSIVE LISTINGS BY DARIN TANSEY
The Ritz-Carlton Residences, Sky House
$18,000,000
5777 Pine Tree Drive
$19,999,000
2901 Collins Ave. #1402
$5,950,000
261 1809th Street, Golden Shores
$5,400,000
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
55 Palm Avenue
The Bristol
3009 Pine Tree Drive
$12,700,000
$11,800,000
$15,000,000
$9,100,000
$15,000,000
$5,960,000
Record-Breaking Results As a resident of Miami for over 15 years, Darin focuses on an exclusive inventory of luxury waterfront properties throughout South Florida with a keen focus in Miami Beach and its immediate surrounding areas. Together with his team of top producing agents, he offers his clients cutting-edge premier service in today’s rapidly growing market. Working alongside developers to convert ideas from blueprints, Darin is involved in the development of multi-million dollar properties from the ground up, including the purchase of land, architectural design & layout, approvals, and positioning. Darin’s strong background in property management, specifically larger residential properties, fuels his commitment to the business of real estate investment and management.
Miami Beach
SINGLE-FAMILY HOME S AND C OND OS Q2 | 2022
TOTAL SALES (CLOSED)
TOTAL INVENTORY
1,849
2,363
11.2% vs. Q1 2022
33.1% vs. 2021
3.0% vs. Q1 2022
AVG. SALE PRICE
$1,585,816 4.4% vs. Q1 2022
DARINTANSEY.COM
MONTH’S SUPPLY
3.0% vs. 2021
3.8
15.2% vs. Q1 2022
22.7% vs. 2021
13.6% vs. 2021
AVG. DAYS ON MARKET
87
14.7% vs. Q1 2022
42.8% vs. 2021
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
Q2 | By The Numbers
1849 $1,585,816
TRANSACTIONS
AVG. SALE PRICE
Single family median sales price surged 70.3% annually to $3,500,000, a new record for the seventh time in eight quarters and more than double pre-pandemic levels. Single-family sales fell by 49% from the prior year quarter to 149 as listing inventory slipped 2% to 295, 61.1% below pre-pandemic levels. With the more significant decline in sales than listing inventory, months of supply, the number of months to sell all single-family listing inventory at the current sales rate was 5.9 months, 73.3% faster than pre-pandemic levels.
DARINTANSEY.COM
The market share of bidding wars rose to a record 21.5%. Condos median sales price slipped 2.8% to the third highest on record and was 50% above pre-pandemic levels. Condo sales fell by 19.1% from the prior year quarter to 1,700 as condo listing inventory dropped 36% to 2,068 and 62. 9% below pre-pandemic levels. The market share of condo bidding wars increased to 14.8% for the fourth consecutive quarter with a new high.
305.987.1530