2022
Q2 UPDATE
Single Family Homes
Single Family Homes Total Active Listings in Miami-Dade, Broward and Palm Beach Counties TOTAL ACTIVE LISTINGS
9,344
5,301 4,839
Q4 2021
Q1 2022
Q2 2022
Single Family Homes Active Listings Comparison In Miami-Dade, Broward and Palm Beach Counties Q1 2022
Q2 2022
6,761
2,349
2,943
1,437 459
234
"A" HOUSES
"B" HOUSES
"C" HOUSES
(HIGH-END WATERFRONT)
(HIGH-END NON-WATERFRONT)
(EVERYTHING ELSE WEST OF I-95)
Pricing of Active Single Family Homes In Miami-Dade, Broward and Palm Beach Counties
UNDER $1M
$5,000,000 - $9,999,999
"A" HOUSES
$500,000 - $999,999 ABOVE $1M
$499,000 & UNDER
$1,000,000 - $4,999,999
ABOVE $10M
"B" HOUSES
"C" HOUSES
28% 93% 93%
2% 5%
68%
3%
74%
9%
1%
17%
PRICE RANGE $3,890,000 - $106,000,000
PRICE RANGE $890,000 - $29,000,000
PRICE RANGE $380,000 - $1,600,000
Condos
Condos Total Active Listings In Miami-Dade, Broward and Palm Beach Counties TOTAL ACTIVE LISTINGS
10,000
9,394
9,342
8,000
6,849
6,000
4,000
2,000
0
Q4 2021
Q1 2022
Q2 2022
Condos Total Active Listings Comparison In Miami-Dade, Broward and Palm Beach Counties TOTAL ACTIVE AS OF Q1 2022
TOTAL ACTIVE AS OF Q2 2022
5,394
3,629
3,373 2,467
753
ONE BEDROOM
TWO BEDROOMS
627
THREE BEDROOMS +
ONE BEDROOMS
TWO BEDROOMS
*2022 CONDO SALES BY UNIT TYPE
THREE BEDROOMS +
*ACTIVE LISTINGS BY UNIT TYPE
15% 13% 43% 43% 42% 44%
*NEW CONDOS BUILT SINCE 2012 | COCONUT GROVE - FORT LAUDERDALE, EAST OF I-95
*Active MLS Pricing Analysis AVG. LIST PRICE
AVG. $PSF
$9,150,000 $2,168
ALL TIME RECORD SALE FOUR SEASONS SURF CLUB
$1,422
SALES PRICE: $22,750,00 $1,161
*PRICE PSF: $5,762
$3,320,000
CLOSING DATE: MAY 2022
$1,491,000 $885 $733,000
ONE BEDROOMS
TWO BEDROOMS
THREE BEDROOMS
*NEW CONDOS BUILT SINCE 2012 | COCONUT GROVE - FORT LAUDERDALE, EAST OF I-95
FOUR BEDROOMS
Condo Resale Transactions Sold Under $1M From January - End Of Q2 | In Miami-Dade, Broward And Palm Beach Counties TOTAL TRANSACTIONS
AVG. SALES PRICE
29,081 28,554
17,890 13,330
$493,393
END OF Q2 2019
SALES DIFFERENCE -25% 2019-2020
$495,161
END OF Q2 2020
SALES DIFFERENCE +114% 2020-2021
$505,312
END OF Q2 2021
SALES DIFFERENCE +2% 2021-2022
$513,592
END OF Q2 2022
Condo Resale Transactions Sold Between $1,000,000-$4,999,999 From January - End Of Q2 | In Miami-Dade, Broward And Palm Beach Counties TOTAL TRANSACTIONS
AVG. SALES PRICE
2,533
2,168
725
$1,802,828
END OF Q2 2019
565
SALES DIFFERENCE -22% 2019-2020
$1,825,167
END OF Q2 2020
SALES DIFFERENCE +284% 2020-2021
$1,871,525
END OF Q2 2021
SALES DIFFERENCE +17% 2021-2022
$1,920,644
END OF Q2 2022
Condo Resale Transactions Sold Between $5,000,000-$9,999,999 From January - End Of Q2 | In Miami-Dade, Broward And Palm Beach Counties TOTAL TRANSACTIONS
AVG. SALES PRICE
190
158
33
$6,540,485
END OF Q2 2019
28 SALES DIFFERENCE -5% 2019-2020
$6,602,986
END OF Q2 2020
SALES DIFFERENCE +464% 2020-2021
$6,801,421
END OF Q2 2021
SALES DIFFERENCE +20% 2021-2022
$7,082,734
END OF Q2 2022
Condo Resale Transactions Sold Above $10m From January - End Of Q2 | In Miami-Dade, Broward And Palm Beach Counties TOTAL TRANSACTIONS
AVG. SALES PRICE
85
66
12
$11,440,000
END OF Q2 2019
12 SALES DIFFERENCE 0% 2019-2020
$12,900,000
END OF Q2 2020
SALES DIFFERENCE +450% 2020-2021
$15,157,308
END OF Q2 2021
SALES DIFFERENCE +29% 2021-2022
$15,945,096
END OF Q2 2022
Condos New Construction (current cycle)
Traditional Condos (NO SHORT TERM RENTALS)
6
FORT LAUDERDALE
5
BAY HARBOR ISLANDS
2
3
3
BRICKELL
MIAMI BEACH / SOUTH BEACH
1
DOWNTOWN MIAMI
SUNNY ISLES BEACH
2
COCONUT GROVE
2
BISCAYNE CORRIDOR DESIGN DISTRICT MIDTOWN WYNWOOD
24 CONDOS TOTALING 3,693 RESIDENCES
CURRENT CYCLE (COCONUT GROVE - FORT LAUDERDALE, EAST OF I-95)
New Construction Groundbreakings For Traditional Condos
UNDER CONSTRUCTION 160 Marina Bay - 5 Stories Casa Murano - 5 Stories Onda Residences - 7 Stories La Baia - 8 Stories Selene Oceanfront Residences - 26 Stories Five Park - 48 Stories Aria Reserve - 62 Stories
SAMPLE OF DEVELOPMENTS Bentley Residences - 60 Stories Baccarat Residences - 75 Stories Cipriani Residences - 80 Stories Waldorf Astoria - 100 Stories
17
7
2021 - 2022
2023+
Aston Martin Residences Break Ground In Miami October 2017
391 Residences | 66 Stories
Demand
South Florida's 4 Feeder Markets 1.
CLIMATE (SECOND HOME/ PERMANENT RESIDENCES)
2.
LATIN AMERICA
3.
2017 TAX REFORM RELOCATION
4.
CORPORATE RELOCATIONS
Latin America ANDRÉS LÓPEZ OBRADOR President of Mexico
NICOLÁS MADURO President of Venezuela GUSTAVO PETRO President of Colombia
GUILLERMO LASSO President of Ecuador
PEDRO CASTILLO President of Peru LUIS ARCE President of Bolivia LUIZ INACIO LULA DA SILVA Brazil - Projected Winner (Presidential Election Oct. 2022)
ALBERTO FERNÁNDEZ President of Argentina GABRIEL BORIC President of Chile
South Florida's Corporate Relocations
In The News
May 2022
In the past 19 months, 122 companies have either expanded or opened main or regional headquarters within city limits, according to figures released by Venture Miami, an economic initiative affiliated with the office of Mayor Francis Suarez.
122 Corporate Relocations 27 HEADQUARTER RELOCATIONS
95 REGIONAL RELOCATIONS
In The News
July 2022
The United Nations estimates that the world's population will reach 8 billion on Nov. 15 and that India will replace China as the world's most populous nation next year, with the United States remaining 3rd.
World Population | 1920 - 1.5 Billion People | 2022 - 8 Billion People
United States Population Growth 400,000,000
333,000,000 300,000,000
200,000,000 100,000,000
1914
SOURCE: WORLDPOPULATION.COM *PROJECTED
1967
2006
2022
*2050
In The News
June 2022
Based on Realtor.com's calculations, we are short 5.8 million new single-family homes across the country which will sustain demand and prices.
Average Total Sales In The U.S. - 5.6 Million U.S. Population to Add Another 2.4 Million People Per Year Through 2050
Takeaways 1. 2. 3.
POPULARITY OF SOUTH FLORIDA SUPPLY SHOCK PERSISTS REAL ESTATE REMAINS THE BLUE CHIP INVESTMENT
2022
Q2 UPDATE