The Tansey Report The Industry-Leading Report on Miami Beach Real Estate
Q3 | 2022
EXCLUSIVE LISTINGS BY DARIN TANSEY
The Ritz-Carlton Residences, Sky House
$18,000,000
2901 Collins Ave. #1402
$5,950,000
9703 Collins Avenue, #2607
$4,875,000
2900 NE 7th Avenue, #1902
$1,695,000
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 Q3 | 2022
TOTAL SALES (CLOSED)
TOTAL INVENTORY
1,034
2,561
8.4% vs. Q2 2022
27.8% vs. 2021
44.1% vs. Q2 2022
AVG. SALE PRICE
$1,276,668 19.5% vs. Q2 2022
DARINTANSEY.COM
MONTH’S SUPPLY
9.3% vs. 2021
7.4
94.7% vs. Q2 2022
39.5% vs. 2021
19.4% vs. 2021
AVG. DAYS ON MARKET
69
20.7% vs. Q2 2022
43.9% 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
Q3 | By The Numbers
1034 $1,276,668 -39.5%
TRANSACTIONS
Both sales and listing inventory continued to decline from year-ago levels. Single family median sales price increased 17.9% year over year to $2,800,000, the ninth consecutive increase. With the spike in mortgage rates over the past six months, single family sales fell by 54.5% to 92 from the previous year’s quarter, causing listing inventory to expand. There were 305 single family listings at the end of the quarter, slightly above the year ago levels. Condo
DARINTANSEY.COM
CLOSED SALES YEAR-OVER-YEAR
AVG. SALE PRICE
median sales price slipped 0.5% annually to $516,250, the second straight annual decline, 47.8% above pre-pandemic levels. With condo sales falling 37.5% annually and listing inventory falling 30.6%, respectively, the condo market’s pace slowed by 10.8% but was 67.1% faster than pre-pandemic levels. The single family luxury market, which represents the top ten percent, began at $2,130,000, and the median sales price was $3,500,000, up 0.9% year over year and
305.987.1530