There are currently 500 condos listed for more than $2 million, of which 137 of these 500 are currently listed for more than $5 million.
These graphs below show that there were 135 Miami-Dade condos priced in excess of $5M for sale in the MLS on May 31, 2013. As of June 30, 2013, there were 137 units for sale.
40 condos closed between July 1, 2012 and June 30, 2013 with prices greater than $5M, for an average of 3.3 units closed per month through the MLS over the past 12 months. Based upon this current rate of sales, there is 3 1/2 years of supply for condos >$5M. Developer units not included in the MLS are in addition to these numbers, which means that the total of all available units in this price range may be considerably higher.
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Published June 2013*
| Location: |
Dade County |
| Price Range: |
$5,000,000 – No Limit |
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|
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|
| Number of Homes For Sale vs. Sold (Last 2 years) |
|
Curnt vs. Prev Month
|
Curnt vs. Same Month 1 Yr Ago
|
Curnt vs. Same Qtr 1 Yr Ago
|
Curnt vs. Same Month 2 Yrs Ago
|
Curnt vs. Same 12 Months 1 Yr Ago
|
|
May. 13
|
Apr. 13
|
% Change
|
May. 13
|
May. 12
|
% Change
|
Mar. 13 to May. 13
|
Mar. 12 to May. 12
|
% Change
|
May. 13
|
May. 11
|
% Change
|
Jun. 12 to May. 13
|
Jun. 11 to May. 12
|
% Change
|
|
For Sale
|
135
|
130
|
3.8%
|
135
|
104
|
29.8%
|
132
|
107
|
23.4%
|
135
|
86
|
57%
|
119
|
92
|
29.3%
|
|
Sold
|
9
|
2
|
350%
|
9
|
6
|
50%
|
4
|
4
|
0%
|
9
|
3
|
200%
|
3
|
3
|
0%
|
|
| Average Price per SQFT (Last 2 years) |
|
Curnt vs. Prev Month
|
Curnt vs. Same Month 1 Yr Ago
|
Curnt vs. Same Qtr 1 Yr Ago
|
Curnt vs. Same Month 2 Yrs Ago
|
Curnt vs. Same 12 Months 1 Yr Ago
|
|
May. 13
|
Apr. 13
|
% Change
|
May. 13
|
May. 12
|
% Change
|
Mar. 13 to May. 13
|
Mar. 12 to May. 12
|
% Change
|
May. 13
|
May. 11
|
% Change
|
Jun. 12 to May. 13
|
Jun. 11 to May. 12
|
% Change
|
|
Avg. Sq. Ft. Price
|
1568.2
|
1311.6
|
19.6%
|
1568.2
|
1899.5
|
-17.4%
|
1549
|
1554.1
|
-0.3%
|
1568.2
|
1499.6
|
4.6%
|
1681.9
|
1545.8
|
8.8%
|
|
| Months of Inventory Based on Closed Sales (Last 2 years) |
|
Curnt vs. Prev Month
|
Curnt vs. Same Month 1 Yr Ago
|
Curnt vs. Same Qtr 1 Yr Ago
|
Curnt vs. Same Month 2 Yrs Ago
|
Curnt vs. Same 12 Months 1 Yr Ago
|
|
May. 13
|
Apr. 13
|
% Change
|
May. 13
|
May. 12
|
% Change
|
Mar. 13 to May. 13
|
Mar. 12 to May. 12
|
% Change
|
May. 13
|
May. 11
|
% Change
|
Jun. 12 to May. 13
|
Jun. 11 to May. 12
|
% Change
|
|
Months of Inventory (Closed Sales)
|
15
|
65
|
-76.9%
|
15
|
17
|
-13.5%
|
33
|
27
|
23.4%
|
15
|
29
|
-47.7%
|
40
|
31
|
29.3%
|
|
|
Date
|
5/11
|
6/11
|
7/11
|
8/11
|
9/11
|
10/11
|
11/11
|
12/11
|
1/12
|
2/12
|
3/12
|
4/12
|
5/12
|
6/12
|
7/12
|
8/12
|
9/12
|
10/12
|
11/12
|
12/12
|
1/13
|
2/13
|
3/13
|
4/13
|
5/13
|
|
For Sale
|
86
|
84
|
78
|
73
|
77
|
86
|
91
|
94
|
100
|
106
|
105
|
111
|
104
|
106
|
104
|
110
|
108
|
111
|
116
|
116
|
132
|
128
|
130
|
130
|
135
|
|
New Listing
|
6
|
5
|
6
|
8
|
10
|
19
|
17
|
15
|
13
|
13
|
13
|
13
|
16
|
13
|
16
|
16
|
11
|
16
|
15
|
16
|
31
|
14
|
26
|
17
|
38
|
|
Sold
|
3
|
3
|
4
|
5
|
3
|
2
|
1
|
3
|
0
|
1
|
3
|
3
|
6
|
2
|
2
|
5
|
2
|
0
|
3
|
8
|
2
|
2
|
2
|
2
|
9
|
|
Pended
|
6
|
2
|
6
|
5
|
0
|
3
|
3
|
1
|
3
|
3
|
2
|
1
|
13
|
2
|
3
|
3
|
0
|
4
|
6
|
4
|
6
|
4
|
11
|
7
|
9
|
|
Months of Inventory (Closed Sales)
|
28.7
|
28
|
19.5
|
14.6
|
25.7
|
43
|
91
|
31.3
|
N/A
|
106
|
35
|
37
|
17.3
|
53
|
52
|
22
|
54
|
N/A
|
38.7
|
14.5
|
66
|
64
|
65
|
65
|
15
|
|
Months of Inventory (Pended Sales)
|
14.3
|
42
|
13
|
14.6
|
N/A
|
28.7
|
30.3
|
94
|
33.3
|
35.3
|
52.5
|
111
|
8
|
53
|
34.7
|
36.7
|
N/A
|
27.8
|
19.3
|
29
|
22
|
32
|
11.8
|
18.6
|
15
|
|
Absorption Rate (Closed Sales) %
|
3.5
|
3.6
|
5.1
|
6.8
|
3.9
|
2.3
|
1.1
|
3.2
|
0
|
0.9
|
2.9
|
2.7
|
5.8
|
1.9
|
1.9
|
4.5
|
1.9
|
0
|
2.6
|
6.9
|
1.5
|
1.6
|
1.5
|
1.5
|
6.7
|
|
Absorption Rate (Pended Sales) %
|
7
|
2.4
|
7.7
|
6.8
|
0
|
3.5
|
3.3
|
1.1
|
3
|
2.8
|
1.9
|
0.9
|
12.5
|
1.9
|
2.9
|
2.7
|
0
|
3.6
|
5.2
|
3.4
|
4.5
|
3.1
|
8.5
|
5.4
|
6.7
|
|
Avg. Active Price
|
8196
|
8091
|
8325
|
8223
|
8244
|
8199
|
8746
|
9028
|
8886
|
8956
|
8913
|
8933
|
9216
|
9192
|
9363
|
9528
|
9285
|
9383
|
9643
|
9316
|
10085
|
10113
|
10106
|
10083
|
10099
|
|
Avg. Sold Price
|
7375
|
6045
|
6017
|
6654
|
5833
|
7250
|
5200
|
11002
|
0
|
16200
|
5837
|
5333
|
7079
|
10625
|
6750
|
5892
|
6237
|
0
|
6033
|
8989
|
17287
|
5725
|
7095
|
5400
|
7963
|
|
Avg. Sq. Ft. Price
|
1500
|
1165
|
1168
|
1380
|
1488
|
1137
|
1188
|
2789
|
0
|
2547
|
860
|
1557
|
1900
|
1703
|
1357
|
1324
|
1326
|
0
|
1666
|
1757
|
3588
|
1918
|
1700
|
1312
|
1568
|
|
Sold/List Diff. %
|
83
|
84
|
87
|
85
|
90
|
94
|
82
|
82
|
0
|
95
|
88
|
97
|
96
|
83
|
93
|
84
|
97
|
0
|
94
|
91
|
78
|
89
|
97
|
96
|
88
|
|
Sold/Orig LP Diff. %
|
83
|
81
|
83
|
86
|
82
|
94
|
82
|
83
|
0
|
95
|
73
|
97
|
96
|
83
|
93
|
83
|
97
|
0
|
88
|
91
|
79
|
89
|
104
|
93
|
85
|
|
Days on Market
|
37
|
386
|
250
|
194
|
196
|
16
|
49
|
406
|
0
|
180
|
334
|
68
|
98
|
67
|
158
|
97
|
61
|
0
|
101
|
175
|
252
|
90
|
128
|
266
|
201
|
|
Median
|
6500
|
5500
|
5910
|
6800
|
5000
|
7250
|
5200
|
6000
|
0
|
16200
|
5750
|
5000
|
7050
|
10625
|
6750
|
5864
|
6238
|
0
|
5100
|
6500
|
17288
|
5725
|
7095
|
5400
|
6550
|
|
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*All reports are published June 2013, based on data available at the end of May 2013. This representation is based in whole or in part on data supplied by the Realtor Association of Miami, the Greater Fort Lauderdale Realtors, or the Southeast Florida Multiple Listing Service (MLS). Neither the Associations nor their MLS guarantees, or are in any way responsible for its accuracy. Data maintained by the Associations or their MLS may not reflect all real estate activity in the market. This statistical information is produced by and for the exclusive use of EWM Realty International. Report reflects activity by all Brokers participating in the MLS.
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