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.