RelatedISG Realty SoFlo Intel Report | Sunny Isles Edition 2.0

SoFlo Intel Report GREAT BUYS IN SOUTH FLORIDA’S POPULAR NEIGHBORHOODS | SUNNY ISLES BEACH 2.0 EDITION

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Welcome to the SoFlo Intel Report: RelatedISG Realty’s submarket snapshot of the best buys in South Florida’s best neighborhoods. In each issue, we will dive into factors and projects that make these neighborhoods so popular.

In this edition, we will focus on South Florida’s Sunny Isles Beach Market.

Sunny Isles Absorption Analysis for New Condos built since 2012 2,118

TOTAL UNITS RELEASED

UNSOLD DEVELOPER UNITS

400

348

350

294

300 250

163

200 150 100 50 0

Q2-2019

Q2-2020

Q2-2021

Sunny Isles Resale Snapshot for condos built since 2012

400

366 17%

TOTAL ACTIVE LISTINGS

350

REAL ESTATE RULE OF THUMB 10% OR MORE OF INVENTORY = BUYER’S MARKET

301 14%

300

10% OR LESS OF INVENTORY = SELLER’S MARKET

BUYERS MARKET

256 12%

250 200 150 100 50 0

Q2-2019

Q2-2020

Q2-2021

Sunny Isles New Condo Resales 2019 - 2021 (Condos Built Since 2012)

123

JAN - JUL

2021

69

JAN - DEC

2020

JAN - DEC

2019

31 0

20

40

60

80

TOTAL SOLD RESALES

100

120

140

JAN - JULY 178% OF 2020 SALES

At current sales pace, Sunny Isles MLS resales is on pace to triple 2020 sales by Q4 2021

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