As we come to the end of June, a 6 month marker for the year, we thought it would be a good time to take a look at the data. We pulled statistical data for Miami Beach, Bal Harbour, Sunny Isles, Hollywood-Hallandale, and Fort Lauderdale (which includes Lauderdale by the Sea and Pompano Beach). Each city has its own statistical identity which you will see in the charts.
We used the following criteria for the data:
- Oceanfront Condo
- Built after 2002
- Units with over 1500 square feet under air
- Minimum of 2 bedrooms
We are looking at average asking price, average closed sale price, average percentage sold to asking price and the number of condo sales with this criteria. This information was sourced from the MLS of South Florida.
On average, Miami Beach commands the highest price per square foot.
Bal Harbour, a much smaller geographic area has the highest percentage of selling to asking price. Sellers are less negotiable.
Sunny Isles had the highest number of closed sales. Sunny Isles also has a dense concentration of relatively new oceanfront condos built after 2002.
You can see that Hollywood and Hallandale offer the best prices per square foot.
Fort Lauderdale does not have that many newer oceanfront condos.
A footnote to add, there is always a delay of reporting on closed sales so additional closed sales data for June is expected.
(6) comments - leave a commentCategories: Buying Real Estate, Condo Statistics, Fort Lauderdale Oceanfront Condos, Miami Oceanfront Condos, Palm Beach Oceanfront Condos, Uncategorized
