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The South Beach Real Estate Report | Homes for Sale in South Beach
South Beach is the Southern part of Miami Beach. The area reaches from Dade Boulevard in the North all the way to South of Fifth, including the Venetian Islands and the islands of Hibiscus, Palm and Star Island. South Beach is known for its sizzling nightlife, restaurants and beautiful beaches. The South Beach islands however are very secluded and peaceful enclaves with many luxurious waterfront homes that provide for superb waterviews.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width="1/6"][/vc_column][vc_column width="2/3"][vc_single_image image="20689" img_size="600x400"][/vc_column][vc_column width="1/6"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]The South Beach Real Estate Report – Inventory levels in 2015 – 2016
Inventory levels of South Beach real estate show high numbers. The entire market is experiencing a buyer's market with the luxury market showing the highest levels of inventory. Rule of Thumb- Below 6 months of inventory: More demand than supply, creating a seller’s market
- Between 6 and 9 months of inventory: A neutral market with a balanced relation between supply and demand
- More than 9 months of inventory: More supply than demand, creating a buyer’s market
South Beach Real Estate Report | The Average Sales Prices per Sq.Ft for the different price ranges
Below you can see what homes of different price ranges are selling for per Sq.Ft. South Beach luxury properties saw large price fluctuations although it seems the market remained steady over all. The lower-end of the market saw a sharp price decline while the $2-$5M market didn't have enough sales to make valid conclusions.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width="1/6"][/vc_column][vc_column width="2/3"][vc_single_image image="20686" img_size="600x400"][/vc_column][vc_column width="1/6"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]The South Beach Real Estate Report – The Average Sales Prices per Sq.Ft over the last 4 years Looking at the general growth of the market over the last years (made easier for the eye with the help of trend lines*) we see increasing prices in South Beach. All South Beach properties have seen considerable price increases, yet the ultra-luxury market of $5M + properties saw the largest increase with average prices rising from $1,000 per SF to more than $1,500 per SF. This is a 50%+ increase. *Especially in the luxury segment of the market prices might differentiate substantially from month to months due to limited sales or a sporadic sale of a property with features that are driving prices up (eg a private beach). Using automatically generated trend lines offers the reader a better idea of where the market is heading.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width="1/6"][/vc_column][vc_column width="2/3"][vc_single_image image="20687" img_size="full"][/vc_column][vc_column width="1/6"][/vc_column][/vc_row][vc_row][vc_column width="1/6"][/vc_column][vc_column width="2/3"][vc_cta h2=""]Interesting Links and Related Miami Beach Real Estate News
The Miami Beach Neighborhood Blog The Miami Beach Real Estate Reports Miami Beach Neighborhood News Miami Beach – A Top 10 Selection of properties Miami Beach Luxury Condos (Resale) Miami Beach Pre-construction condos
[/vc_cta][/vc_column][vc_column width="1/6"][/vc_column][/vc_row]Post Source Here: The South Beach Real Estate Report and Market Analysis July 2016
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