Current Status1 Miami-Dade data for select luxury markets demonstrates that overall pricing is up over 4% year-over-year between 3Q 2014 and 3Q 2015. Notably, both the SF and Condo market saw a decline in number of transactions and average sales price. However, this is due to smaller average home sizes, and pricing per sq. ft. is considered the benchmark for effective price appreciation. Following a relatively strong 2015, pricing appears to be stabilizing following two strong years of appreciation. The luxury waterfront single-family
REAL ESTATE MARKET REPORT
segment showed the largest appreciation at 6% Y-O-Y, despite an 8% decline in activity.
Number of Transactions
Average Living Area (SF)
780
2,500
h 10%
h 5%
from 863 transactions during 3Q 2014
from 2,640 square feet during 3Q 2014
Average Sales Price
Average Price per Square Foot
3Q 2015
To view our 2015 market report, please visit .
$1.27M
$510
h 5%
0%
from $1.34M during 3Q 2014
from $508 during 3Q 2014
1. Numbers include only the county’s most prominent neighborhoods. For a full list, visit onesothebysrealty.com/trends (p. 4).
MIAMI-DADE’S MOST PROMINENT NEIGHBORHOODS
http://issuu.com/tejeragroup/docs/tejera_issuu_trends2015?e=12690857/11924373
©MMXV ONE Sotheby’s International Realty, licensed real estate broker. Sotheby’s International Realty® is a licensed trademark to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Office is Independently Owned and Operated. Statistics provided by Integra Realty Resources – Miami\Palm Beach. The information contained herein is deemed accurate but not guaranteed.
For details on methodology, please see our 2015 report at onesothebysrealty.com/trends (p. 5).
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