Is anyone buying a condo in south florida?
With the economic news of late, I was wondering how the data looked in the Miami and Fort Lauderdale oceanfront condo market for the last 30 days. There is plenty of activity out there. Furthermore, overall inventory numbers are on the decline.
In the past 30 days…..
Broward County (Fort Lauderdale, Hollywood, Hallandale, Pompano, etc.)
- 55 oceanfront condos went to contract (pending)
- 63 Closed Sales
- Closed sales are on average at 88% of asking price
Dade County (Sunny Isles, Bal Harbour, Miami Beach, etc..)
- 56 oceanfront condos went to contract (pending)
- 62 Closed Sales
- Closed sales on average are at 90% of asking price
What does this mean? Those that can buy now are taking advantage of market conditions as well as a healthy inventory to choose from.
- Sales Trend for Miami & Fort Lauderdale Oceanfront Condos
- Miami-Fort Lauderdale Sold Oceanfront Condos- Last 90 Days
- Oceanfront Condos Sold: price per square foot in Miami Beach, Bal Harbour, Sunny Isles, Hollywood-Hallandale, Fort Lauderdale
- Luxury Oceanfront Condos…One Bal Harbour and Other Condos Selling Briskly
- Bank Owned Properties- Miami and Fort Lauderdale Oceanfront Condo Deals
October 5th, 2008 at 10:04 am
That makes perfect sense! The east coast of Florida offers some of the best values in oceanfront condominiums- savvy buyers know a good deal when they see one.
October 9th, 2008 at 10:57 am
[...] Is anyone buying a condo in south florida? 56 oceanfront condos went to contract (pending); 62 Closed Sales; Closed sales on average are at 90% of asking price. Those that can buy now are taking advantage of market conditions as well as a healthy inventory … What does this mean? [...]
October 9th, 2008 at 11:19 am
Hi Mott:
…and there are deals to be had !!