January 2021 Real Estate market Report for South Florida including Miami

J A N UA RY 2 0 2 1

CURATED INSIGHTS ON THE REAL ESTATE MARKET ALONG FLORIDA’S EAST COAST

MARKET REPORT1

OUR OFFICES ALONG FLORIDA’S EAST COAST COCOA VILLAGE

MELBOURNE BEACH VERO BEACH

STUART JUPITER PALM BEACH GARDENS

DELRAY BEACH BOCA RATON FORT LAUDERDALE WESTON AVENTURA

SUNNY ISLES

MIAMI BEACH

BRICKELL

KEY BISCAYNE CORAL GABLES

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ONESOTH E BYSR EA LT Y.COM

LOCAL EXPERTISE WITH A GLOBAL PERSPECTIVE I am proud to share this new market report produced by ONE Sotheby’s International Realty in partnership with Rosen Consulting Group, the leading independent real estate economics consulting firm.

With offices in Berkeley and New York, Rosen Consulting Group is a trusted advisor to top public and private real estate organizations. Their analytical approach and global viewpoint, aligned with the local expertise of our real estate professionals, creates an unmatched collaboration for this piece.

Our goal is to provide high-quality and easy-to-use information to guide our clients with superior insights and a strategic perspective to real estate. By keeping a close eye on the market, we can better advise our clients with timely, important knowledge.

Along Florida’s East Coast, opportunities continue to surface for smart real estate investors as well as savvy buyers and sellers. As the market continues to evolve, our global real estate advisors remain connected to opportunities for immediate relocation, a lifestyle change or long-term investment for our clients.

With gratitude,

Daniel de la Vega, President ONE Sotheby’s International Realty

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THE REAL ESTATE MARKET ALONG FLORIDA’S EAST COAST

JAN 2021

MARKET IS PRIMED FOR GROWTH The economy along Florida’s East Coast continued to

COVID-19 era during the first couple of months of 2020

recover from the effects of the COVID-19 pandemic

and the pandemic era that brought about a rapid shift in

even as initial optimism of a rapid vaccine rollout and

consumer preferences and record low mortgage rates.

return to normalcy began to wane. Consumer spending

A growing number of households relocated from dense

continued to recover from the effects of the pandemic,

urban areas in other parts of the country where COVID-19

though still hampered by an elevated unemployment rate

related impacts were more severe. Many of these

and nascent rebound of tourism. The pandemic remains

households were able to take advantage of extended

the driving force behind economic volatility and, as long

remote working options and online schooling for children.

as COVID-19 infections are brought under control, the

Additionally, a large share of the out-of-region buyers

Florida East Coast economy should continue to recover.

came from high housing cost or high tax states seeking

The regional housing market may be defined by the pre-

more affordable options provided by Florida’s East Coast, boosting demand for housing in the region.

AVERAGE SALES PRICE BY COUNTY FLORIDA’S EAST COAST

JAN 2020

JAN 2021

SINGLE-FAMILY HOMES

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JAN 2020

JAN 2021

CONDOMINUMS

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SALES OVER $3 MILLION CONTINUE TO INCREASE As buyer demand accelerated late in 2020, particularly

reflecting the stronger demand in the upper half of the

in prime neighborhoods, and for-sale inventory fell,

pricing spectrum. The largest price increases were in

the average and median prices surged. In 2020, the

Brevard, Broward and Indian River counties.

average price of a single family home increased by

With near-term job and income prospects still lackluster

nearly 22% while the median price increased by nearly

for many households in the lower half of the income

10%. In January, seasonal factors as well as affordability

spectrum, pricing of starter homes and smaller condos

constraints curtailed the price growth trend. The median

in some neighborhoods lagged the broader housing

price of a single family home in most counties compared

market. Conversely, many higher income households

with December was flat or slightly lower in January. The

had the income security and ability to take advantage of

largest price gains for single family homes were in Martin

historically low mortgage rates to purchase homes. Sales

and Miami-Dade counties. Pricing in the condo segment

of homes priced greater than $3 million have increased

increased slightly in the majority of counties, in part

for seven consecutive months.

MEDIAN SALES PRICE FLORIDA’S EAST COAST

$410,000

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INVENTORY LEVELS REACH LOWEST POINT IN YEARS In January, total condo and single family home listings

months at the current sales pace to exhaust the supply of

fell by 7% from December, to less than 36,000 available

available single family homes. The typical pace of homes

homes and condos, the lowest level in several years. The

brought to market would accelerate as pricing increased,

largest component of the decline came from the single

but the pandemic has caused many households to remain

family home segment, where available listings decreased

in place for longer than expected. Weakened household

by 11%. By county, the largest decreases in for-sale

finances for some have slowed the trade-up market.

listings were in Brevard, Indian River and Martin counties.

Additionally, federal foreclosure and eviction moratoria

With inventory constrained, it would take only 2.5

have allowed many homeowners to remain in their homes despite loss of income.

↓6%

AVAILABLE INVENTORY FLORIDA’S EAST COAST SINGLE -FAMILY HOMES AND CONDOMINIUMS COMBINED

2019

2020

January 2021 ↓5.7%

↓16%

↓19%

↓5.8%

↓20%

SOLD ABOVE LISTED PRICE FLORIDA’S EAST COAST

JAN 2020

SINGLE-FAMILY HOMES

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JAN 2021

ABOVE LISTING PRICE

JAN 2020

AT LISTING PRICE OR LOWER

JAN 2021

CONDOMINUMS

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A POSITIVE OUTLOOK, ESPECIALLY FOR THE LUXURY MARKET Into the coming year, the pandemic will continue to

exercise rooms. The low cost of capital should help some

determine the fate of the economy and the regional

households to afford to purchase, but overall housing

housing market. Job prospects will be volatile in the near

affordability will decline as home prices increase. The

term for many individuals, particularly those in service

most affordable segments of the housing market should

industries. The unemployment rate should continue

remain weak in the near term as this buyer pool is among

to decrease through the remainder of 2021, albeit

the hardest hit by the pandemic-related job and income

at a somewhat slower pace than recent months. The

losses. The share of first-time homebuyers may decrease,

regional housing market should continue to outperform

particularly in higher-priced counties and neighborhoods.

the economy, with low mortgage rates pulling some

As international borders reopen and flight schedules

potential buyers off of the sidelines and an influx of

return to normal levels, foreign buyers will expand the

households from outside of the region supplementing

potential buyer pool, particularly for higher-end product.

local housing demand. The pandemic housing trends

The luxury market should accelerate further as many

are likely to persist in the near future, with buyers

upper income household balance sheets emerge from

seeking larger homes or homes with extra bedrooms

the pandemic relatively unscathed. Limited inventory

that may be transformed into workspaces, classrooms or

throughout the pricing spectrum may continue, helping to spur additional price gains in the coming year.

LISTING/SALES BY COUNTY FLORIDA’S EAST COAST FOR SALE

CLOSED TRANSACTIONS/SALES

MEDIAN SALES PRICE

AVG SALES PRICE

PRICE PER SF

HIGHEST SALES

This report was prepared with data from public and private sources, and we believe the data to be reliable but make no representation or warranty as to its completeness or accuracy. The information contained in this report is dynamic and may change over time. Housing data is sourced from local Multiple Listing Services (MLS), including Beaches MLS, Miami MLS, RAIRC MLS, RAMC MLS and Space Coast MLS and is provided on an “as is” basis. Rosen Consulting Group and ONE Sotheby’s International Realty assume no responsibility for errors or omissions.

© 2021 ONE Sotheby’s International Realty. All rights reserved. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

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SINGL E-FAM ILY H O M ES

JAN 2021

MIAMI-DADE COUNTY

PRICE SURGE DECELERATES IN JANUARY The surge in pricing during the second half of 2020 continued to price some buyers out of the market. The lack of affordability combined with seasonal factors typical of January had a moderating effect on pricing. Sales volume decreased by 21% compared with the previous month, on par with much of the region. As sales slowed, the share of homes sold above asking decreased and the average days on market increased for the first time in six months.

AVERAGE SALES PRICE

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DAYS ON MARKET

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SALES BY NEIGHBORHOOD CLOSED TRANSACTIONS/SALES **

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

**TRAILING 12 MONTHS COVERS FEB 2020 - JAN 2021.

YOY% CHANGE OVER TRAILING 12 MONTHS COMPARES FEB 2020 - JAN 2021 TO FEB 2019 – JAN 2020.

PRICE RANGE

CLOSED TRANSACTIONS/SALES

SOLD ABOVE LISTED PRICE

JAN 2020

ABOVE LISTING PRICE

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

AVAILABLE LISTINGS

JAN 2021

AT LISTING PRICE OR LOWER

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COND OM IN IU M S

JAN 2021

MIAMI-DADE COUNTY

PRICING RECOVERY CONTINUES The median price increased for the fifth consecutive month, increasing by nearly 2% in January. Despite the slight drop off in sales activity, buyer demand remained somewhat resilient even as consumer preferences for larger living spaces shifted some potential buyers to the single family market. With nearly 13,000 active condo listings, potential buyers often have a range of options and the share of condos sold above asking remained relatively low.

AVERAGE SALES PRICE

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DAYS ON MARKET

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SALES BY NEIGHBORHOOD CLOSED TRANSACTIONS/SALES **

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

**TRAILING 12 MONTHS COVERS FEB 2020 - JAN 2021.

YOY% CHANGE OVER TRAILING 12 MONTHS COMPARES FEB 2020 - JAN 2021 TO FEB 2019 – JAN 2020.

PRICE RANGE

CLOSED TRANSACTIONS/SALES

SOLD ABOVE LISTED PRICE

JAN 2020

ABOVE LISTING PRICE

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

AVAILABLE LISTINGS

JAN 2021

AT LISTING PRICE OR LOWER

© 2021 ONE Sotheby’s International Realty. All rights reserved. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

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SINGL E-FAM ILY H O M ES

JAN 2021

BROWARD COUNTY

SALES VOLUME HIGHER THAN LAST YEAR Single family home sales slowed from December but were 11% higher than January 2020. While pricing fell, as is typical of January activity, the share of homes sold above asking reached 22%, highlighting buyer competition for quality listings. Elevated buyer demand continued for homes priced in the upper ranges of the pricing spectrum.

AVERAGE SALES PRICE

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DAYS ON MARKET

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SALES BY NEIGHBORHOOD CLOSED TRANSACTIONS/SALES **

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

**TRAILING 12 MONTHS COVERS FEB 2020 - JAN 2021.

YOY% CHANGE OVER TRAILING 12 MONTHS COMPARES FEB 2020 - JAN 2021 TO FEB 2019 – JAN 2020.

PRICE RANGE

CLOSED TRANSACTIONS/SALES

SOLD ABOVE LISTED PRICE

JAN 2020

ABOVE LISTING PRICE

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

AVAILABLE LISTINGS

JAN 2021

AT LISTING PRICE OR LOWER

© 2021 ONE Sotheby’s International Realty. All rights reserved. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

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COND OM IN IU M S

JAN 2021

BROWARD COUNTY

PRICE PER SQUARE FOOT REACHES HIGH POINT With greater demand for condos in the upper price ranges, sales activity pulled the average price per square foot higher in January. While sales were higher across the board, buyer demand for lower priced condos less than $500,000 lagged other price ranges. The lingering effects of the pandemic and uncertain household finances weighed on some entry level buyers.

AVERAGE SALES PRICE

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DAYS ON MARKET

© 2021 ONE Sotheby’s International Realty. All rights reserved. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

SALES BY NEIGHBORHOOD CLOSED TRANSACTIONS/SALES**

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

**TRAILING 12 MONTHS COVERS FEB 2020 - JAN 2021.

YOY% CHANGE OVER TRAILING 12 MONTHS COMPARES FEB 2020 - JAN 2021 TO FEB 2019 – JAN 2020.

PRICE RANGE

CLOSED TRANSACTIONS/SALES

SOLD ABOVE LISTED PRICE

JAN 2020

ABOVE LISTING PRICE

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

AVAILABLE LISTINGS

JAN 2021

AT LISTING PRICE OR LOWER

© 2021 ONE Sotheby’s International Realty. All rights reserved. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

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SINGL E-FAM ILY H O M ES

JAN 2021

PALM BEACH COUNTY

TRENDS CONTINUED INTO JANUARY While sales slowed somewhat, the single family market remained on pace with year-end 2020. The median price of a single family home was virtually unchanged from the previous month. For-sale inventory decreased slightly by the lowest amount of any county in the region. Roughly 16% of homes sold at greater than the list price, a similar level to the previous six months.

AVERAGE SALES PRICE

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DAYS ON MARKET

© 2021 ONE Sotheby’s International Realty. All rights reserved. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

SALES BY NEIGHBORHOOD CLOSED TRANSACTIONS/SALES **

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

**TRAILING 12 MONTHS COVERS FEB 2020 - JAN 2021.

YOY% CHANGE OVER TRAILING 12 MONTHS COMPARES FEB 2020 - JAN 2021 TO FEB 2019 – JAN 2020.

PRICE RANGE

CLOSED TRANSACTIONS/SALES

SOLD ABOVE LISTED PRICE

JAN 2020

ABOVE LISTING PRICE

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

AVAILABLE LISTINGS

JAN 2021

AT LISTING PRICE OR LOWER

© 2021 ONE Sotheby’s International Realty. All rights reserved. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

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COND OM IN IU M S

JAN 2021

PALM BEACH COUNTY

SALES VOLUME CONTINUED TO SLOW Closed condo sales declined by 23% in January from the previous month, continuing the trend of slowing sales. Condo sales were somewhat sluggish in the less than $500,000 range while buyer demand strengthened in the $500,000 to $1,000,000 range. As for-sale inventory did not decline as much as other parts of the region, pricing was fairly stable in Palm Beach County.

AVERAGE SALES PRICE

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DAYS ON MARKET

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SALES BY NEIGHBORHOOD CLOSED TRANSACTIONS/SALES **

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

**TRAILING 12 MONTHS COVERS FEB 2020 - JAN 2021.

YOY% CHANGE OVER TRAILING 12 MONTHS COMPARES FEB 2020 - JAN 2021 TO FEB 2019 – JAN 2020.

PRICE RANGE

CLOSED TRANSACTIONS/SALES

SOLD ABOVE LISTED PRICE

JAN 2020

ABOVE LISTING PRICE

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

AVAILABLE LISTINGS

JAN 2021

AT LISTING PRICE OR LOWER

© 2021 ONE Sotheby’s International Realty. All rights reserved. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

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SINGL E-FAM ILY H O M ES

JAN 2021

MARTIN COUNTY

INVENTORY PLUMMETS After a large decrease in December, for-sale inventory fell further by 25% in January. Despite price gains, few sellers are putting homes on the market, driving buyers to compete for available homes. This heightened competition led to the three-month trailing share of homes sold at greater than asking to surge to 11% from less than 7% just two months ago.

AVERAGE SALES PRICE

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DAYS ON MARKET

© 2021 ONE Sotheby’s International Realty. All rights reserved. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

SALES BY NEIGHBORHOOD CLOSED TRANSACTIONS/SALES **

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

**TRAILING 12 MONTHS COVERS FEB 2020 - JAN 2021.

YOY% CHANGE OVER TRAILING 12 MONTHS COMPARES FEB 2020 - JAN 2021 TO FEB 2019 – JAN 2020.

PRICE RANGE

CLOSED TRANSACTIONS/SALES

SOLD ABOVE LISTED PRICE

JAN 2020

ABOVE LISTING PRICE

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

AVAILABLE LISTINGS

JAN 2021

AT LISTING PRICE OR LOWER

© 2021 ONE Sotheby’s International Realty. All rights reserved. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

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COND OM IN IU M S

JAN 2021

MARTIN COUNTY

TIME ON MARKET FALLS While the pace of sales slowed in January, the average time on market fell to 61 days, the lowest level since the onset of the pandemic. Buyers faced with few options, as the number of for-sale listings fell by 15% in January, quickly absorbed available condos that were placed on the market. The county is quickly catching up to regional trends after a somewhat lagging pace in the second half of 2020.

AVERAGE SALES PRICE

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DAYS ON MARKET

© 2021 ONE Sotheby’s International Realty. All rights reserved. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

SALES BY NEIGHBORHOOD CLOSED TRANSACTIONS/SALES **

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

**TRAILING 12 MONTHS COVERS FEB 2020 - JAN 2021.

YOY% CHANGE OVER TRAILING 12 MONTHS COMPARES FEB 2020 - JAN 2021 TO FEB 2019 – JAN 2020.

PRICE RANGE

CLOSED TRANSACTIONS/SALES

SOLD ABOVE LISTED PRICE

JAN 2020

ABOVE LISTING PRICE

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

AVAILABLE LISTINGS

JAN 2021

AT LISTING PRICE OR LOWER

© 2021 ONE Sotheby’s International Realty. All rights reserved. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

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SINGL E-FAM ILY H O M ES

JAN 2021

INDIAN RIVER COUNTY

LACK OF INVENTORY CONSTRAINS SALES The number of homes for sale declined by 19% in January, and is roughly half of the inventory level of a year ago. The tight inventory was one reason for a 42% decline in January sales volume. Despite the decrease in affordability, as available inventory improves, sales volume should recover.

AVERAGE SALES PRICE

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DAYS ON MARKET

© 2021 ONE Sotheby’s International Realty. All rights reserved. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

SALES BY NEIGHBORHOOD CLOSED TRANSACTIONS/SALES **

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

**TRAILING 12 MONTHS COVERS FEB 2020 - JAN 2021.

YOY% CHANGE OVER TRAILING 12 MONTHS COMPARES FEB 2020 - JAN 2021 TO FEB 2019 – JAN 2020.

PRICE RANGE

CLOSED TRANSACTIONS/SALES

SOLD ABOVE LISTED PRICE

JAN 2020

ABOVE LISTING PRICE

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

AVAILABLE LISTINGS

JAN 2021

AT LISTING PRICE OR LOWER

© 2021 ONE Sotheby’s International Realty. All rights reserved. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

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COND OM IN IU M S

JAN 2021

INDIAN RIVER COUNTY

MEDIAN PRICE SURGED IN JANUARY The median condo price increased by more than 14% in January, the largest increase in the region. Sales volume decreased slightly, but combined with few new listings in January, available inventory fell to roughly 2.5 months of supply based on the current pace of sales.

AVERAGE SALES PRICE

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DAYS ON MARKET

© 2021 ONE Sotheby’s International Realty. All rights reserved. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

SALES BY NEIGHBORHOOD CLOSED TRANSACTIONS/SALES **

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

**TRAILING 12 MONTHS COVERS FEB 2020 - JAN 2021.

YOY% CHANGE OVER TRAILING 12 MONTHS COMPARES FEB 2020 - JAN 2021 TO FEB 2019 – JAN 2020.

PRICE RANGE

CLOSED TRANSACTIONS/SALES

SOLD ABOVE LISTED PRICE

JAN 2020

ABOVE LISTING PRICE

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

AVAILABLE LISTINGS

JAN 2021

AT LISTING PRICE OR LOWER

© 2021 ONE Sotheby’s International Realty. All rights reserved. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

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SINGL E-FAM ILY H O M ES

JAN 2021

BREVARD COUNTY

LOW INVENTORY LEADS TO INCREASED COMPETITION For-sale inventory decreased by 17% for single family homes in January, one of the largest inventory declines in the region. Buyer competition for this limited number of homes led to a growing share of sales closed greater than the asking price. Of total sales in January, more than 18% closed for more than the list price. The lack of available homes continued to constrain sales beyond seasonal norms, and sales volume declined for the third consecutive month.

AVERAGE SALES PRICE

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DAYS ON MARKET

© 2021 ONE Sotheby’s International Realty. All rights reserved. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

SALES BY NEIGHBORHOOD CLOSED TRANSACTIONS/SALES **

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

**TRAILING 12 MONTHS COVERS FEB 2020 - JAN 2021.

YOY% CHANGE OVER TRAILING 12 MONTHS COMPARES FEB 2020 - JAN 2021 TO FEB 2019 – JAN 2020.

PRICE RANGE

CLOSED TRANSACTIONS/SALES

SOLD ABOVE LISTED PRICE

JAN 2020

ABOVE LISTING PRICE

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

AVAILABLE LISTINGS

JAN 2021

AT LISTING PRICE OR LOWER

© 2021 ONE Sotheby’s International Realty. All rights reserved. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

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COND OM IN IU M S

JAN 2021

BREVARD COUNTY

AVERAGE PRICE UP BY 2.5% The average condo price increased in January after a modest decrease in December. Though demand for entry-level condo units remained sluggish, accelerating sales at higher price points helped to pull the average price higher as well.

With little available inventory, sales closed above asking price increased to 13% of volume and the average number of days on the market fell below 50 days for the first time in several months.

AVERAGE SALES PRICE

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DAYS ON MARKET

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SALES BY NEIGHBORHOOD CLOSED TRANSACTIONS/SALES **

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

**TRAILING 12 MONTHS COVERS FEB 2020 - JAN 2021.

YOY% CHANGE OVER TRAILING 12 MONTHS COMPARES FEB 2020 - JAN 2021 TO FEB 2019 – JAN 2020.

PRICE RANGE

CLOSED TRANSACTIONS/SALES

SOLD ABOVE LISTED PRICE

JAN 2020

ABOVE LISTING PRICE

AVG SALES PRICE

PRICE PER SF

DAYS ON MARKET

AVAILABLE LISTINGS

JAN 2021

AT LISTING PRICE OR LOWER

© 2021 ONE Sotheby’s International Realty. All rights reserved. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

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AVENTURA BRICKELL BOCA RATON COCOA VILLAGE CORAL GABLES DELRAY BEACH FT LAUDERDALE JUPITER KEY BISCAYNE MELBOURNE BEACH MIAMI BEACH PALM BEACH GARDENS STUART SUNNY ISLES VERO BEACH WESTON © 2021 ONE Sotheby’s International Realty. All rights reserved. Sotheby’s International Realty® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission. ONE Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Sotheby’s International Realty Affiliates LLC nor any of its affiliated companies. The information contained herein

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is deemed accurate but not guaranteed.