Some of the buyers that I work with have the mindset to wait until after the peak season to move forward with buying an oceanfront condo. The thought process is that there may be more motivation from the sellers now that South Florida is in a “slow season”. There has not been a slow down in sales along the coast for new oceanfront condos. In fact, there is an increase in activity.
Here are some statistics that reflect the Post Season Sales activity in Miami Beach and up the coast including Sunny, Isles, Bal Harbour, Hollywood -Hallandale, and Fort Lauderdale.
The information provided below is based on information from the MLS and it reflects oceanfront condos built after the year 2000.
- The the past 30 days 101 condos were sold and are pending closings.
- 35 sales were for over $1 million dollar list price
- 40 condos were on the market for 60 days or less
- 22 condos were on the market for 30 days or less
- 15 condos were on the market for 10 days or less
- 20 of the 101 condos sold never had a price reduction
- 21 of the sold condos had price increases prior to being sold