As Real Estate professionals we can best answer the recurring “Where is the market heading” question by analyzing the facts. You will hear a lot of opinions from experts and not-so-experts, but the reality is that none of us know exactly what the future holds, all we can do is analyze and share the facts with you .
Like in many industries and sectors throughout the globe, business has slowed down. However there is still activity and buyers are out there. Whether it’s local families or out-of-towners, our weather will always be a big draw, together with the appealing low interest rates, Florida being a no-income tax state, and our small city ambiance offering big city amenities will continue to make Miami Beach extremely alluring.
Below are the results of our market research, analyzing and comparing the numbers of April 2019 against the market activity of April 2020.
We pride ourselves in knowing our market in order to properly service sellers and buyers in making an informed and educated decision.
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SINGLE FAMILY MARKET
The graphs below compare the Miami Beach single family market from April 2019 to April 2020, separated by Active Listings, New Pending Sales (or properties that went under contract in the month of April), and Closed Sales (properties that sold in the month of April). This data is further broken down by price range.
CONDO MARKET
The graphs below compare the Miami Beach residential condo market (including townhouses and co-ops) from April 2019 to April 2020, separated by Active Listings, New Pending Sales (or properties that went under contract in the month of April), and Closed Sales (properties that sold in the month of April). This data is further broken down by price range.
