Ten Year Market Trends Brickell

Page 1

Shelia Gasson

ONE | Sotheby’s International Realty

January 27, 2015

MARKET UPDATE Brickell Zip Codes 33130 and 33131

New Construction Projects are still popping up all over the city. Brickell House is now open, Millicento should be any day, NINE, Le Parc and Brickell City Center are not far behind with openings planned this year in stages.

Trends up to $500,000 The Ten Year trend shows that we are still in a buyer’s market with resale inventory slowing climbing. See the following report.

Trends $500,000 to $1 million It is still a buyer’s market yet the price per square foot is on target with 2006 at an average of $497.70 per square foot. Details on the following report.

Miami Voted One of Ten Happiest Cities to Work and Play We already knew this but now Forbes Magazine recognizes our beautiful city. You can read the article here

Market Trends Delivered To Your Inbox Monthly, Quarterly, or Semi-Annua"y. You Choose.

www.MyMiamiCondoValue.com

Shelia Gasson

ONE | Sotheby’s International Realty

1


Trends for Condo Values Up to $500,000


Facts and TrendsTM - Published January 2015* Location: Property Types: Price Range: Full Baths:

ZIP 33130, ZIP 33131 Condo/Townhomes - All Properties - All Properties $0 - $499,999 SQFT Range: 0 - No Limit 0 - No Limit Half Baths: 0 - No Limit

Bedrooms: 0 - No Limit Year Built: 0 - No Limit

Prepared for you by: Shelia Gasson

Number of Homes For Sale vs. Sold vs. New Listing - Last 10 years (Quarterly)

Curnt vs. Prev Qtr Oct. 14 to Dec. 14

Jul. 14 to Sep. 14

Curnt vs. Same Qtr 1 Yr Ago

Curnt vs. Same Qtr 10 Yrs Ago

Curnt vs. Same 12 Months 1 Yr Ago

Curnt vs. Same 12 Months 9 Yrs Ago

% Change

Oct. 14 to Dec. 14

Oct. 13 to Dec. 13

% Change

Oct. 14 to Dec. 14

Oct. 04 to Dec. 04

% Change

Jan. 14 to Dec. 14

Jan. 13 to Dec. 13

% Change

Jan. 14 to Dec. 14

Jan. 05 to Dec. 05

% Change

For Sale

855

804

6.3%

855

606

41.1%

855

156

448.1%

782

488

60.2%

782

274

185.4%

New Listing

153

154

-0.6%

153

134

14.2%

153

51

200%

167

142

17.6%

167

101

65.3%

Sold

55

66

-16.7%

55

66

-16.7%

55

29

89.7%

63

74

-14.9%

63

39

61.5%

December 2014 (Quarterly) is a Buyer's market** Home For Sale in December 2014 (Quarterly) is 855 units. It is up 6.3% compared to the last quarter and up 41.1% compared to the last year. Home Listed in December 2014 (Quarterly) is 153 units. It is down 0.6% compared to the last quarter and up 14.2% compared to the last year. Home Closed in December 2014 (Quarterly) is 55 units. It is down 16.7% compared to the last quarter and down 16.7% compared to the last year. **Buyer's market: more than 6 months of inventory based on closed sales. Seller's market: less than 3 months of inventory based on closed sales. Neutral market: 3 - 6 months of inventory based on closed sales.

All reports are published January 2015, based on data available at the end of December 2014. This representation is based in whole or in part on data supplied by the Mid Florida MLS (MFRMLS), the Realtor Association of Miami, the Greater Fort Lauderdale Realtors, or the Southeast Florida Multiple Listing Service (MLS). Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market.


Facts and TrendsTM - Published January 2015* Location: Property Types: Price Range: Full Baths:

ZIP 33130, ZIP 33131 Condo/Townhomes - All Properties - All Properties $0 - $499,999 SQFT Range: 0 - No Limit 0 - No Limit Half Baths: 0 - No Limit

Bedrooms: 0 - No Limit Year Built: 0 - No Limit

Prepared for you by: Shelia Gasson

Average Price per SQFT - Last 10 years (Quarterly)

Curnt vs. Prev Qtr Oct. 14 to Dec. 14 Avg. Sq. Ft. Price

359

Jul. 14 to Sep. 14 360

Curnt vs. Same Qtr 1 Yr Ago

Curnt vs. Same Qtr 10 Yrs Ago

Curnt vs. Same 12 Months 1 Yr Ago

Curnt vs. Same 12 Months 9 Yrs Ago

% Change

Oct. 14 to Dec. 14

Oct. 13 to Dec. 13

% Change

Oct. 14 to Dec. 14

Oct. 04 to Dec. 04

% Change

Jan. 14 to Dec. 14

Jan. 13 to Dec. 13

% Change

Jan. 14 to Dec. 14

Jan. 05 to Dec. 05

% Change

-0.3%

359

341

5.3%

359

289

24.2%

354.6

329.7

7.6%

354.6

343.5

3.2%

December 2014 (Quarterly) Average Sold Price per Square Footage is Neutral** Average Sold Price per Square Footage in December 2014 (Quarterly) is $359. It is down 0.3% compared to the last quarter and up 5.3% compared to the last year. **Based on 6 quarter trend - Appreciating/Depreciating/Neutral.

All reports are published January 2015, based on data available at the end of December 2014. This representation is based in whole or in part on data supplied by the Mid Florida MLS (MFRMLS), the Realtor Association of Miami, the Greater Fort Lauderdale Realtors, or the Southeast Florida Multiple Listing Service (MLS). Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market.


Facts and TrendsTM - Published January 2015* Location: Property Types: Price Range: Full Baths:

ZIP 33130, ZIP 33131 Condo/Townhomes - All Properties - All Properties $0 - $499,999 SQFT Range: 0 - No Limit 0 - No Limit Half Baths: 0 - No Limit

Bedrooms: 0 - No Limit Year Built: 0 - No Limit

Prepared for you by: Shelia Gasson

Avg Days On Market & SP/Orig LP % - Last 10 years (Quarterly)

Curnt vs. Prev Qtr Oct. 14 to Dec. 14

Jul. 14 to Sep. 14

Curnt vs. Same Qtr 1 Yr Ago

Curnt vs. Same Qtr 10 Yrs Ago

Curnt vs. Same 12 Months 1 Yr Ago

Curnt vs. Same 12 Months 9 Yrs Ago

% Change

Oct. 14 to Dec. 14

Oct. 13 to Dec. 13

% Change

Oct. 14 to Dec. 14

Oct. 04 to Dec. 04

% Change

Jan. 14 to Dec. 14

Jan. 13 to Dec. 13

% Change

Jan. 14 to Dec. 14

Jan. 05 to Dec. 05

% Change

Days on Market

112

108

3.7%

112

90

24.4%

112

107

4.7%

106

88

20.5%

106

70

51.4%

Sold/Orig LP Diff. %

92

92

0%

92

95

-3.2%

92

0

N/A

92

95

-3.2%

92

97

-5.2%

December 2014 (Quarterly) Average Days on Market trend is Rising** Average Days on Market in December 2014 (Quarterly) is 112. It is up 3.7% compared to the last quarter and up 24.4% compared to the last year.

December 2014 (Quarterly) Sold/Original List Price Ratio is Falling** Sold/Original List Price % in December 2014 (Quarterly) is 92%. It is the same as compared to the last quarter and down 3.2% compared to the last year. **Based on 6 quarter trend - Rising/Falling/Remains Steady.

All reports are published January 2015, based on data available at the end of December 2014. This representation is based in whole or in part on data supplied by the Mid Florida MLS (MFRMLS), the Realtor Association of Miami, the Greater Fort Lauderdale Realtors, or the Southeast Florida Multiple Listing Service (MLS). Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market.


Facts and TrendsTM - Published January 2015* Location: Property Types: Price Range: Full Baths:

ZIP 33130, ZIP 33131 Condo/Townhomes - All Properties - All Properties $0 - $499,999 SQFT Range: 0 - No Limit 0 - No Limit Half Baths: 0 - No Limit

Bedrooms: 0 - No Limit Year Built: 0 - No Limit

Prepared for you by: Shelia Gasson

Avg Prices & Median Price - Last 10 years (Quarterly)

Curnt vs. Prev Qtr Oct. 14 to Dec. 14

Jul. 14 to Sep. 14

Curnt vs. Same Qtr 1 Yr Ago

Curnt vs. Same Qtr 10 Yrs Ago

Curnt vs. Same 12 Months 1 Yr Ago

Curnt vs. Same 12 Months 9 Yrs Ago

% Change

Oct. 14 to Dec. 14

Oct. 13 to Dec. 13

% Change

Oct. 14 to Dec. 14

Oct. 04 to Dec. 04

% Change

Jan. 14 to Dec. 14

Jan. 13 to Dec. 13

% Change

Jan. 14 to Dec. 14

Jan. 05 to Dec. 05

% Change

Median

322

332

-3%

322

325

-0.9%

322

266

21.1%

327

313

4.5%

327

309

5.8%

Avg. Active Price

372

372

0%

372

366

1.6%

372

334

11.4%

372

365

1.9%

372

356

4.5%

Avg. Sold Price

323

328

-1.5%

323

313

3.2%

323

268

20.5%

324

308

5.2%

324

316

2.5%

December 2014 (Quarterly) Median Sold Price is Neutral** Average Median Sold Price in December 2014 (Quarterly) is $322. It is down 3% compared to the last quarter and down 0.9% compared to the last year.

December 2014 (Quarterly) Average For Sale Price is Neutral** Average For Sale Price (in thousand) in December 2014 (Quarterly) is $372. It is the same as compared to the last quarter and up 1.6% compared to the last year.

December 2014 (Quarterly) Average Sold Price is Neutral** Average Sold Price (in thousand) in December 2014 (Quarterly) is $323. It is down 1.5% compared to the last quarter and up 3.2% compared to the last year. **Based on 6 quarter trend - Appreciating/Depreciating/Neutral.

All reports are published January 2015, based on data available at the end of December 2014. This representation is based in whole or in part on data supplied by the Mid Florida MLS (MFRMLS), the Realtor Association of Miami, the Greater Fort Lauderdale Realtors, or the Southeast Florida Multiple Listing Service (MLS). Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market.


Facts and TrendsTM - Published January 2015* Location: Property Types: Price Range: Full Baths:

ZIP 33130, ZIP 33131 Condo/Townhomes - All Properties - All Properties $0 - $499,999 SQFT Range: 0 - No Limit 0 - No Limit Half Baths: 0 - No Limit

Bedrooms: 0 - No Limit Year Built: 0 - No Limit

Prepared for you by: Shelia Gasson

Months of Inventory Based on Closed Sales - Last 10 years (Quarterly)

Curnt vs. Prev Qtr Oct. 14 to Dec. 14 Months of Inventory (Closed Sales)

15.5

Jul. 14 to Sep. 14 12.2

Curnt vs. Same Qtr 1 Yr Ago

Curnt vs. Same Qtr 10 Yrs Ago

Curnt vs. Same 12 Months 1 Yr Ago

Curnt vs. Same 12 Months 9 Yrs Ago

% Change

Oct. 14 to Dec. 14

Oct. 13 to Dec. 13

% Change

Oct. 14 to Dec. 14

Oct. 04 to Dec. 04

% Change

Jan. 14 to Dec. 14

Jan. 13 to Dec. 13

% Change

Jan. 14 to Dec. 14

Jan. 05 to Dec. 05

% Change

27.1%

15.5

9.2

68.6%

15.5

5.4

187.8%

12.4

6.6

88%

12.4

7

76.9%

December 2014 (Quarterly) is a Buyer's market** Months of Inventory based on Closed Sales in December 2014 (Quarterly) is 15.5. It is up 27.1% compared to the last quarter and up 68.6% compared to the last year. **Buyer's market: more than 6 months of inventory based on closed sales. Seller's market: less than 3 months of inventory based on closed sales. Neutral market: 3 - 6 months of inventory based on closed sales.

All reports are published January 2015, based on data available at the end of December 2014. This representation is based in whole or in part on data supplied by the Mid Florida MLS (MFRMLS), the Realtor Association of Miami, the Greater Fort Lauderdale Realtors, or the Southeast Florida Multiple Listing Service (MLS). Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market.


Facts and TrendsTM - Published January 2015* Location: Property Types: Price Range: Full Baths: Date

ZIP 33130, ZIP 33131 Condo/Townhomes - All Properties - All Properties $0 - $499,999 SQFT Range: 0 - No Limit 0 - No Limit Half Baths: 0 - No Limit

12/04

6/05

12/05

6/06

12/06

6/07

12/07

6/08

12/08

6/09

12/09

6/10

Bedrooms: 0 - No Limit Year Built: 0 - No Limit 12/10

6/11

12/11

6/12

12/12

6/13

12/13

6/14

12/14

For Sale

156

263

301

537

569

771

1101

1192

983

892

850

850

889

708

548

454

399

428

606

778

855

New Listing

51

103

77

132

105

132

167

211

125

166

164

178

172

147

123

134

121

152

134

172

153

Sold

29

56

24

39

27

22

11

32

48

43

79

67

73

76

72

86

80

86

66

71

55

Pended

35

78

31

38

26

19

34

48

57

69

108

99

100

103

87

107

85

92

57

74

53

Months of Inventory (Closed Sales)

5.4

4.7

12.5

13.8

21.1

35

100.1

37.3

20.5

20.7

10.8

12.7

12.2

9.3

7.6

5.3

5

5

9.2

11

15.5

Months of Inventory (Pended Sales)

4.5

3.4

9.7

14.1

21.9

40.6

32.4

24.8

17.2

12.9

7.9

8.6

8.9

6.9

6.3

4.2

4.7

4.7

10.6

10.5

16.1

Absorption Rate (Closed Sales) %

18.6

21.3

8

7.3

4.7

2.9

1

2.7

4.9

4.8

9.3

7.9

8.2

10.7

13.1

18.9

20.1

20.1

10.9

9.1

6.4

Absorption Rate (Pended Sales) %

22.4

29.7

10.3

7.1

4.6

2.5

3.1

4

5.8

7.7

12.7

11.6

11.2

14.5

15.9

23.6

21.3

21.5

9.4

9.5

6.2

Avg. Active Price

334

351

374

362

358

349

353

320

298

277

271

279

277

314

320

336

360

367

366

374

372

Avg. Sold Price

268

310

334

371

370

328

291

276

218

207

208

196

199

213

231

265

282

309

313

327

323

Avg. Sq. Ft. Price

289

330

390

414

402

370

314

283

202

207

209

205

204

218

247

270

305

326

341

354

359

Sold/List Diff. %

96

98

98

98

96

97

94

94

95

94

98

95

95

95

96

96

96

96

96

96

96

Sold/Orig LP Diff. %

0

98

97

97

92

92

83

82

81

83

90

85

88

91

92

94

95

95

95

93

92

Days on Market

107

69

63

65

92

103

129

129

103

107

76

95

113

116

108

98

100

92

90

103

112

Median

266

297

347

384

394

334

296

273

194

182

193

181

195

208

222

263

280

315

325

332

322

All reports are published January 2015, based on data available at the end of December 2014. This representation is based in whole or in part on data supplied by the Mid Florida MLS (MFRMLS), the Realtor Association of Miami, the Greater Fort Lauderdale Realtors, or the Southeast Florida Multiple Listing Service (MLS). Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market.


Trends for Condo Values from $500,000 to $1 Million


Facts and TrendsTM - Published January 2015* Location: Property Types: Price Range: Full Baths:

ZIP 33130, ZIP 33131 Condo/Townhomes - All Properties - All Properties $500,000 - $999,999 SQFT Range: 0 - No Limit 0 - No Limit Half Baths: 0 - No Limit

Bedrooms: 0 - No Limit Year Built: 0 - No Limit

Prepared for you by: Shelia Gasson

Number of Homes For Sale vs. Sold vs. Pended - Last 10 years (Quarterly)

Curnt vs. Prev Qtr Oct. 14 to Dec. 14

Jul. 14 to Sep. 14

Curnt vs. Same Qtr 1 Yr Ago

Curnt vs. Same Qtr 10 Yrs Ago

Curnt vs. Same 12 Months 1 Yr Ago

Curnt vs. Same 12 Months 9 Yrs Ago

% Change

Oct. 14 to Dec. 14

Oct. 13 to Dec. 13

% Change

Oct. 14 to Dec. 14

Oct. 04 to Dec. 04

% Change

Jan. 14 to Dec. 14

Jan. 13 to Dec. 13

% Change

Jan. 14 to Dec. 14

Jan. 05 to Dec. 05

% Change

For Sale

373

340

9.7%

373

271

37.6%

373

77

384.4%

343

223

53.8%

343

159

115.7%

Sold

15

20

-25%

15

20

-25%

15

6

150%

19

20

-5%

19

13

46.2%

Pended

15

22

-31.8%

15

19

-21.1%

15

7

114.3%

21

22

-4.5%

21

15

40%

December 2014 (Quarterly) is a Buyer's market** Home For Sale in December 2014 (Quarterly) is 373 units. It is up 9.7% compared to the last quarter and up 37.6% compared to the last year. Home Closed in December 2014 (Quarterly) is 15 units. It is down 25% compared to the last quarter and down 25% compared to the last year. Home Placed under Contract in December 2014 (Quarterly) is 15 units. It is down 31.8% compared to the last quarter and down 21.1% compared to the last year. **Buyer's market: more than 6 months of inventory based on closed sales. Seller's market: less than 3 months of inventory based on closed sales. Neutral market: 3 - 6 months of inventory based on closed sales.

All reports are published January 2015, based on data available at the end of December 2014. This representation is based in whole or in part on data supplied by the Mid Florida MLS (MFRMLS), the Realtor Association of Miami, the Greater Fort Lauderdale Realtors, or the Southeast Florida Multiple Listing Service (MLS). Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market.


Facts and TrendsTM - Published January 2015* Location: Property Types: Price Range: Full Baths:

ZIP 33130, ZIP 33131 Condo/Townhomes - All Properties - All Properties $500,000 - $999,999 SQFT Range: 0 - No Limit 0 - No Limit Half Baths: 0 - No Limit

Bedrooms: 0 - No Limit Year Built: 0 - No Limit

Prepared for you by: Shelia Gasson

Average Price per SQFT - Last 10 years (Quarterly)

Curnt vs. Prev Qtr Oct. 14 to Dec. 14 Avg. Sq. Ft. Price

521

Jul. 14 to Sep. 14 513

Curnt vs. Same Qtr 1 Yr Ago

Curnt vs. Same Qtr 10 Yrs Ago

Curnt vs. Same 12 Months 1 Yr Ago

Curnt vs. Same 12 Months 9 Yrs Ago

% Change

Oct. 14 to Dec. 14

Oct. 13 to Dec. 13

% Change

Oct. 14 to Dec. 14

Oct. 04 to Dec. 04

% Change

Jan. 14 to Dec. 14

Jan. 13 to Dec. 13

% Change

Jan. 14 to Dec. 14

Jan. 05 to Dec. 05

% Change

1.6%

521

488

6.8%

521

360

44.7%

497.7

477.6

4.2%

497.7

432.3

15.1%

December 2014 (Quarterly) Average Sold Price per Square Footage is Appreciating** Average Sold Price per Square Footage in December 2014 (Quarterly) is $521. It is up 1.6% compared to the last quarter and up 6.8% compared to the last year. **Based on 6 quarter trend - Appreciating/Depreciating/Neutral.

All reports are published January 2015, based on data available at the end of December 2014. This representation is based in whole or in part on data supplied by the Mid Florida MLS (MFRMLS), the Realtor Association of Miami, the Greater Fort Lauderdale Realtors, or the Southeast Florida Multiple Listing Service (MLS). Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market.


Facts and TrendsTM - Published January 2015* Location: Property Types: Price Range: Full Baths:

ZIP 33130, ZIP 33131 Condo/Townhomes - All Properties - All Properties $500,000 - $999,999 SQFT Range: 0 - No Limit 0 - No Limit Half Baths: 0 - No Limit

Bedrooms: 0 - No Limit Year Built: 0 - No Limit

Prepared for you by: Shelia Gasson

Avg Days On Market & SP/Orig LP % - Last 10 years (Quarterly)

Curnt vs. Prev Qtr Oct. 14 to Dec. 14

Jul. 14 to Sep. 14

Curnt vs. Same Qtr 1 Yr Ago

Curnt vs. Same Qtr 10 Yrs Ago

Curnt vs. Same 12 Months 1 Yr Ago

Curnt vs. Same 12 Months 9 Yrs Ago

% Change

Oct. 14 to Dec. 14

Oct. 13 to Dec. 13

% Change

Oct. 14 to Dec. 14

Oct. 04 to Dec. 04

% Change

Jan. 14 to Dec. 14

Jan. 13 to Dec. 13

% Change

Jan. 14 to Dec. 14

Jan. 05 to Dec. 05

% Change

Days on Market

129

117

10.3%

129

94

37.2%

129

125

3.2%

120

123

-2.4%

120

86

39.5%

Sold/Orig LP Diff. %

92

95

-3.2%

92

95

-3.2%

92

0

N/A

93

95

-2.1%

93

97

-4.1%

December 2014 (Quarterly) Average Days on Market trend Remains Steady** Average Days on Market in December 2014 (Quarterly) is 129. It is up 10.3% compared to the last quarter and up 37.2% compared to the last year.

December 2014 (Quarterly) Sold/Original List Price Ratio is Falling** Sold/Original List Price % in December 2014 (Quarterly) is 92%. It is down 3.2% compared to the last quarter and down 3.2% compared to the last year. **Based on 6 quarter trend - Rising/Falling/Remains Steady.

All reports are published January 2015, based on data available at the end of December 2014. This representation is based in whole or in part on data supplied by the Mid Florida MLS (MFRMLS), the Realtor Association of Miami, the Greater Fort Lauderdale Realtors, or the Southeast Florida Multiple Listing Service (MLS). Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market.


Facts and TrendsTM - Published January 2015* Location: Property Types: Price Range: Full Baths:

ZIP 33130, ZIP 33131 Condo/Townhomes - All Properties - All Properties $500,000 - $999,999 SQFT Range: 0 - No Limit 0 - No Limit Half Baths: 0 - No Limit

Bedrooms: 0 - No Limit Year Built: 0 - No Limit

Prepared for you by: Shelia Gasson

Avg Prices & Median Price - Last 10 years (Quarterly)

Curnt vs. Prev Qtr Oct. 14 to Dec. 14

Jul. 14 to Sep. 14

Curnt vs. Same Qtr 1 Yr Ago

Curnt vs. Same Qtr 10 Yrs Ago

Curnt vs. Same 12 Months 1 Yr Ago

Curnt vs. Same 12 Months 9 Yrs Ago

% Change

Oct. 14 to Dec. 14

Oct. 13 to Dec. 13

% Change

Oct. 14 to Dec. 14

Oct. 04 to Dec. 04

% Change

Jan. 14 to Dec. 14

Jan. 13 to Dec. 13

% Change

Jan. 14 to Dec. 14

Jan. 05 to Dec. 05

% Change 6.2%

Median

706

681

3.7%

706

669

5.5%

706

691

2.2%

668

662

0.9%

668

629

Avg. Active Price

672

672

0%

672

676

-0.6%

672

744

-9.7%

670

679

-1.3%

670

657

2%

Avg. Sold Price

703

701

0.3%

703

679

3.5%

703

716

-1.8%

682

681

0.1%

682

658

3.6%

December 2014 (Quarterly) Median Sold Price is Appreciating** Average Median Sold Price in December 2014 (Quarterly) is $706. It is up 3.7% compared to the last quarter and up 5.5% compared to the last year.

December 2014 (Quarterly) Average For Sale Price is Neutral** Average For Sale Price (in thousand) in December 2014 (Quarterly) is $672. It is the same as compared to the last quarter and down 0.6% compared to the last year.

December 2014 (Quarterly) Average Sold Price is Appreciating** Average Sold Price (in thousand) in December 2014 (Quarterly) is $703. It is up 0.3% compared to the last quarter and up 3.5% compared to the last year. **Based on 6 quarter trend - Appreciating/Depreciating/Neutral.

All reports are published January 2015, based on data available at the end of December 2014. This representation is based in whole or in part on data supplied by the Mid Florida MLS (MFRMLS), the Realtor Association of Miami, the Greater Fort Lauderdale Realtors, or the Southeast Florida Multiple Listing Service (MLS). Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market.


Facts and TrendsTM - Published January 2015* Location: Property Types: Price Range: Full Baths:

ZIP 33130, ZIP 33131 Condo/Townhomes - All Properties - All Properties $500,000 - $999,999 SQFT Range: 0 - No Limit 0 - No Limit Half Baths: 0 - No Limit

Bedrooms: 0 - No Limit Year Built: 0 - No Limit

Prepared for you by: Shelia Gasson

Months of Inventory Based on Closed Sales - Last 10 years (Quarterly)

Curnt vs. Prev Qtr Oct. 14 to Dec. 14 Months of Inventory (Closed Sales)

24.9

Jul. 14 to Sep. 14 17

Curnt vs. Same Qtr 1 Yr Ago

Curnt vs. Same Qtr 10 Yrs Ago

Curnt vs. Same 12 Months 1 Yr Ago

Curnt vs. Same 12 Months 9 Yrs Ago

% Change

Oct. 14 to Dec. 14

Oct. 13 to Dec. 13

% Change

Oct. 14 to Dec. 14

Oct. 04 to Dec. 04

% Change

Jan. 14 to Dec. 14

Jan. 13 to Dec. 13

% Change

Jan. 14 to Dec. 14

Jan. 05 to Dec. 05

% Change

46.5%

24.9

13.6

83.4%

24.9

12.8

94.3%

18.1

11.2

61.9%

18.1

12.2

48.2%

December 2014 (Quarterly) is a Buyer's market** Months of Inventory based on Closed Sales in December 2014 (Quarterly) is 24.9. It is up 46.5% compared to the last quarter and up 83.4% compared to the last year. **Buyer's market: more than 6 months of inventory based on closed sales. Seller's market: less than 3 months of inventory based on closed sales. Neutral market: 3 - 6 months of inventory based on closed sales.

All reports are published January 2015, based on data available at the end of December 2014. This representation is based in whole or in part on data supplied by the Mid Florida MLS (MFRMLS), the Realtor Association of Miami, the Greater Fort Lauderdale Realtors, or the Southeast Florida Multiple Listing Service (MLS). Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market.


Facts and TrendsTM - Published January 2015* Location: Property Types: Price Range: Full Baths: Date

ZIP 33130, ZIP 33131 Condo/Townhomes - All Properties - All Properties $500,000 - $999,999 SQFT Range: 0 - No Limit 0 - No Limit Half Baths: 0 - No Limit

12/04

6/05

12/05

6/06

12/06

6/07

12/07

6/08

12/08

6/09

12/09

6/10

Bedrooms: 0 - No Limit Year Built: 0 - No Limit 12/10

6/11

12/11

6/12

12/12

6/13

12/13

6/14

12/14

For Sale

77

128

239

462

550

589

614

457

323

219

157

164

159

177

168

187

184

199

271

354

373

New Listing

21

44

58

115

111

103

75

64

28

22

19

23

28

22

20

31

38

53

49

67

72

Sold

6

16

11

24

17

15

4

4

7

4

8

7

3

7

9

15

17

21

20

23

15

Pended

7

19

12

25

21

11

6

8

8

5

9

7

8

5

9

14

18

24

19

22

15

12.8

8

21.7

19.3

32.4

39.3

153.5

114.3

46.1

54.8

19.6

23.4

53

25.3

18.7

12.5

10.8

9.5

13.6

15.4

24.9

Months of Inventory (Closed Sales) Months of Inventory (Pended Sales)

11

6.7

19.9

18.5

26.2

53.5

102.3

57.1

40.4

43.8

17.4

23.4

19.9

35.4

18.7

13.4

10.2

8.3

14.3

16.1

24.9

Absorption Rate (Closed Sales) %

7.8

12.5

4.6

5.2

3.1

2.5

0.7

0.9

2.2

1.8

5.1

4.3

1.9

4

5.4

8

9.2

10.6

7.4

6.5

4

Absorption Rate (Pended Sales) %

9.1

14.8

5

5.4

3.8

1.9

1

1.8

2.5

2.3

5.7

4.3

5

2.8

5.4

7.5

9.8

12.1

7

6.2

4

Avg. Active Price

744

669

640

678

680

679

662

679

670

680

706

695

673

665

697

692

678

680

676

668

672

Avg. Sold Price

716

656

659

624

619

633

737

642

672

650

638

660

673

662

693

659

644

712

679

663

703

Avg. Sq. Ft. Price

360

419

458

462

458

457

469

418

390

364

374

384

382

414

415

435

437

479

488

491

521

Sold/List Diff. %

96

97

98

97

96

94

91

97

91

94

89

93

91

91

94

94

95

95

96

95

95

Sold/Orig LP Diff. %

0

98

97

96

95

93

88

96

81

72

82

88

87

90

91

92

94

93

95

93

92

Days on Market

125

90

79

80

113

106

141

77

152

204

144

117

179

138

114

176

104

139

94

137

129

Median

691

634

630

575

590

604

755

629

652

653

627

633

643

618

679

630

623

711

669

634

706

All reports are published January 2015, based on data available at the end of December 2014. This representation is based in whole or in part on data supplied by the Mid Florida MLS (MFRMLS), the Realtor Association of Miami, the Greater Fort Lauderdale Realtors, or the Southeast Florida Multiple Listing Service (MLS). Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market.


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