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TRENDS
2011MID-YEARUPDATE
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2 0 1 1THE FIRST 6 MONTHSBasic economic theory tells us that as supply alls and demand rises, prices should increase.
The real estate market in South Florida or the rst six months o 2011 is representative o
this basic economic theory.
Spurred by oreign buyers with cash ofers, inventory o properties or sale had dropped
to 5 year low by June 2011. Waterront property sales led the way with price increases,
bolstering an overall increase in the average sales price in both counties to a two year high
point. Cash buyers continue to uel the very high and very low end markets. Financing,
although more available, is still slowing real recovery in the middle o the market.
Will this last? Talk o the shadow inventory and the possibility o a uture correction
seem to be the caveat to all o the apparent, and now indisputable, good news about the
market. Most experts eel that there will be some increased inventory released by banks
either through short sale or oreclosure sales coming in the next ew months now that
supply is low and prices are improved. While the inventory is needed, most agree that
there is not enough shadow inventory to create any signicant backsliding momentum in
most o our market areas.
It is our privilege to share our Mid-Year 2011 Real Estate Market Trends with you and hope
that you nd the inormation useul about the market in South Florida.
CORAL GABLESSantona Corner1430 S Dixie Highway, Suite 110Coral Gables, Florida 33146
Beth Butler
President & COO
ONE Sothebys International Realty
+1 305 666 9322
onesothebysrealty.com
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MIAMI BEACHAtlantic Center Building119 Washington AvenueMiami Beach, Florida 33139
KEY BISCAYNEThe Galleria Mall328 Crandon Boulevard, Suite 222Key Biscayne, Florida 33149
FORT LAUDERDALELas Olas888 E Las Olas Boulevard, SuiteFort Lauderdale, Florida 33301
M I D - Y E A R U P D A T E 2 0
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Key ObservationsInstant gratication is on the rise with South Florida real estate buyers. Properties in tip-top shape are garnering disproportionatelhigher prices than those that need work. Buyers are no longer attached to decorator ready and are looking not only or nishe
properties but are attracted to well-designed urniture packages that can be delivered within a short time o closing.
0 4 I T R E N D S O N E S O T H E B Y S R E A L T Y . C O
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90%ULTRA LUXURY The pricedierential on average between theAsking Price and Sales Price orresidential properties over $1 million inMiami Dade County.
Source: Terradatum
41%
ON THE MOVEDid you know that one hal o all localsearches are perormed on mobiledevices? ONE Sothebys remains theonly local iPad app in South Florida.
Source: Agent Genius
While oreign purchasers make up about 7% o the U.S. residential real-estate market, their numbers havswelled: According to the National Association o Realtors, 18% o Realtors in the U.S. market reporteselling a home to at least one international buyer in 2010, up rom 12% in 2009. In the Greater Miami arenearly 60% o all sales last year were to buyers rom overseas. For sales o newly built condos downtowthat gure jumps to 90%, says the group.
THE WALL STREET JOURNAL, MAY 20
155LOOKING UP Thats the numbero $1 million+ homes that closed inJune 2011 in Miami Dade and Browardcounties, making it the highest closing
month in this price range so ar this ye
Source: Terradatum
SIGNIFICANT SALESONE Sothebys International Realtysold this property on the Sunset Islandin Miami beach or a record-breaking$19.8 Million in June 2011.Source: Southeast Florida Regional MLS
SCORCHING ZIPS With 89closed sales in excess o $1 millionthrough the end o June 2011, 33160continues to be the hottest highend market in South Florida. Weveupgraded the sales status rom hot toscorching since the number o sales istwice what they were this time last year.Source: Southeast Florida Regional MLS
SHRINKING INVENTORYOn June 30, 2011 the inventory o $1million plus homes in Miami Dade andBroward counties had dropped to thelowest point in ve years. With justunder 3,000 homes and condos on the
market in this price range, inventory isdown 41% since June 2006.Source: Southeast Florida Regional MLS
T R E N D S I
M I D - Y E A R U P D A T E 2 0
O N E S O T H E B Y S R E A L T Y . C O M
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At a Glance: Mid-Year 2011The sale o $1 million homes in Miami-Dade and Broward counties represented 8% o the total sales thus ar in 2011In 2010, just 2.4% o all sales were over that price point. With limited nancing resources still available in the market
the high-end market grows as an overall percentage due to the large number o cash buyers in this price range.
NUMBER OF HOMES
PRICERANGE
0
$10M+
$5M - $10M
$3M - $5M
$1M - $3M
$500K - $1M
1250 2500 3750 5000
Under $1 Million
Over $1 Million
Sold Mid-Year 2011
On The Market
0 6 I T R E N D S
Source: Southeast Florida Regional MLS.Source: Southeast Florida Regional MLS.
O N E S O T H E B Y S R E A L T Y . C O
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Month by MonthOverall sales in all price ranges in Miami-Dade and Broward counties show a 15%increase in the number o sales over the same time period last year. The marketis still showing some seasonality as March continues to be the month when the
most properties closed in both counties.
SHADOW INVENTORYShort Sale and REO properties now
represent only 2.9% o the homes andcondos or sale in South Florida above$1 million. There are only 6 Bank-ownedproperties currently on the market witha Listing Price over $1 million.
Source: Southeast Florida Regional MLS. Active inventory count currentas o June 30,2011.
MARKET SHIFTNo longer a buyers market, inventorylevels have dropped to a 5.2 monthsupply in Broward County. Six tonine months is considered a balancedmarket. Miami-Dade comes in at 7.7months and alling. Both countiescrested with 3-4 years supply in 2008.June 2011 is the lowest level in 5 years.Source: Terradatum
0Jan Feb Mar Apr May Jun
3000
6000
MONTH
NUMBER
OFHOMESSOLD
Miami-Dade County Broward County
T R E N D S I
Source: Southeast Florida Regional MLS
Average Sales PriceShowing slow signs o recovery, the Average Sales Price in both counties is on anupward swing. The Average Sales Price in Broward County seems to show a slowand steady increase since dropping slightly in January and ending in June 2011with a 2 year high o $197,000. Miami-Dades Average Sales Price shows a moredramatic climb this year, ending in June 2011 at a high o just under $300,000.
$0Jan Feb Mar Apr May JunJul Aug Sep Oct Nov Dec
$100K
$200K
$300K
MONTH
PRICE
Miami-Dade County Broward County
Source: Southeast Florida Regional MLS
M I D - Y E A R U P D A T E 2 0
O N E S O T H E B Y S R E A L T Y . C O M
5.2
Traditional Sales
Short Sales
Bank-Owned Properties
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CORAL GABLES COCOPLUM SNAPPER CREEK LAKES GABLES ESTATES
OLD CUTLER WATERFRONT PONCE DAVIS, HIGH PINES COCONUT GROVE
PINECREST PALMETTO BAY
South o Miami
5935 Moss Ranch Road, PinecrestOfered at $4,149,000
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C O M M U N I T Y P R O F I L E SI N D E P T H
Mid-Year 2010 29 $2,989,259 $2,500,000 10%
Mid-Year 2011 20 $1,892,975 $1,282,250 -
Change -31% -37% -49%
T R E N D S I
Waterfront Properties
SingleFamilyHomes
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 186 $693,932 $525,000 10%
Mid-Year 2011 212 $788,259 $575,000 11%
Change 14% 14% 10%
Condos($1M+)
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Non-Waterfront Properties
SingleFamilyHomes
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 7 $1,357,500 $1,262,500 -
Mid-Year 2011 12 $2,101,455 $1,245,000 -
Change 71% 55% -1%
OVERVIEW
Coral Gables
Showing better sales this year, non-waterrontproperties in the Gables are moving at a briskclip. The inventory o Single Family Homes hasdropped below the 6 month mark, signalinga sellers market and attributing to the priceincreases. The high-end condo market is up as
well, with a signicant increase in the numbero sales and the Average Sales Price.
OVERVI
Coral Gable
One o the ew areas to show a slowdown othis time a year ago, single amily waterr
homes in Coral Gables languished a bit in trst hal o the year. The Average Asking Pr
in this market is still at just under $5 milliPending sales increased in May and June aoretell a better summer sales season. It is a
interesting to note that the REO inventhas been absorbed, leaving no waterro
oreclosures let to purcha
10 Edgewater Drive #12A/C, Coral GabOfered at $6,500,000 or $30,000/mon
3200 Granada Boulevard, Coral GablesOfered at $3,900,000
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I N D E P T H C O M M U N I T Y P R O F I L E
1 0 I T R E N D S
CORAL GABL
Cocoplum
Cocoplum is one o the most prestigious gugated communities in Coral Gables, oer
24 hour roving security patrol, clubhougym, playground, tennis courts, basketbcourts and marina. Sales o non-waterr
homes increased a dramatic 175% in trst hal o 2011 compared to 2010. Outthe 11 homes sold, only 1 was a bank own
oreclosure. On the other hand, only owaterront sale closed in the rst hal o 2compared to the 3 sales in 2010, despite
average sales price dropping over 20
Waterfront Properties
# o
Transactions
Average
Sales Price
Median
Sales Price
% o
REO Sales
Single FamilyHomes
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Single FamilyHomes
Mid-Year 2010 4 $2,874,750 $2,925,000 -
Mid-Year 2011 2 $2,450,000 $2,450,000 -
Change -50% -15% -16%
Non-Waterfront Properties
Mid-Year 2010 - - - -
Mid-Year 2011 1 $2,350,000 $2,350,000 -
Change 100% 100% 100%
The ull-service marina with ull-time dockmaster and security is just one o the reasonsSnapper Creek Lakes is a viable choice orluxury home buyers. The average price orlisted homes is over $4.5 Million, showing thatthe most expensive properties are slower tosell. One waterront home has sold in SnapperCreek Lakes thus ar in 2011 with an impressivesales price o $2.35 Million. At time opublication, two non-waterront homes closedin Snapper Creek Lakes, a 50% decrease intransactions rom the same time period in 2010.
CORAL GABLES
Snapper Creek Lakes
Waterfront Properties
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Single FamilyHomes
Single FamilyHomes
Mid-Year 2010 4 $2,012,500 $1,975,000 -
Mid-Year 2011 11 $1,735,909 $1,500,000 9%
Change 175% -14% -24%
Non-Waterfront Properties
Mid-Year 2010 3 $2,865,000 $2,950,000 -
Mid-Year 2011 1 $2,225,000 $2,225,000 -
Change -67% -22% -25%
190 Paloma Drive, CocopluOfered at $5,600,0
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# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Single FamilyHomes
Mid-Year 2010 0 - - -
Mid-Year 2011 0 - - -
Change
All Properties
CORAL GABL
Gables Estate
Designed by Arvida in the 1960s, GabEstates remains a prestigious and priv
community. No transactions had taken placeGables Estates at time o publication or dur
the same time period last year, but there pending sales, signalling some activity to lo
orward to in the next six mont
400 Arvida Parkway, Gables EstaOfered at $16,975,0
Ponce Davis, High Pine
One o the astest-growing, non-waterrneighborhoods, Ponce Davis sits direc
between Coral Gables and South Miami. Mimpressively, the average sales price increas
by 25% - a gure which did not keep number o transactions in Ponce Davis/HPines rom increasing slightly during the
six months o 20# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Single FamilyHomes
Mid-Year 2010 14 $1,208,036 $1,155,000 -
Mid-Year 2011 16 $1,514,000 $1,225,000 -
Change 14% 25% 6%
Non-Waterfront Properties
4845 Southwest 80 Street, Ponce DaOfered at $3,995,0
CORAL GABLES
Old Cutler WaterrontCommunitiesOld Cutler Bay, Hammock Oaks, Journeys End
This years 2 transactions during this timeperiod both occurred in Old Cutler Bay.There was the same amount o sales in OldCutler Bay during the rst six months o 2010.However, average and median sales pricein Old Cutler Bay decreased. No sales in
Hammock Oaks or Journeys End had takenplace at time o publication.
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Single FamilyHomes
Mid-Year 2010 5 $4,047,500 $4,047,500 -
Mid-Year 2011 2 $2,275,000 $2,275,000 -
Change -60% -44% -44%
Waterfront Properties
601 Reinante Avenue, Old Cutler BayOfered at $5,750,000
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I N D E P T H C O M M U N I T Y P R O F I L E
Coconut Grov
The Coconut Grove waterront single amhome market continued to show signs
improvement in the rst hal o 2011, withincrease in the amount o transactions a
Average Sales Price. Our company holds record or the highest priced single am
home sale in Coconut Grove with the salea waterront home at 3500 Curtis Lane
$13 Million in April 2011. Waterront conddropped in the amount o transaction a
prices as REO sales increased in this catego
Although waterront condo average amedian sales prices decreased, prices h
better than non-waterront cond
Non-Waterfront Properties
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Single FamilyHomes
Mid-Year 2010 75 $532,172 $499,999 16%
Mid-Year 2011 101 $610,650 $510,000 25%
Change 35% 15% 2%
Condos
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 98 $289,979 $209,450 33%
Mid-Year 2011 119 $216,755 $150,000 34%
Change 21% -25% -28%
Waterfront Properties
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Single Family
Homes
Mid-Year 2010 3 $5,216,667 $5,500,000 -
Mid-Year 2011 4 $5,354,874 $3,175,000 -
Change 33% 3% -42%
Condos
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 55 $779,448 $640,000 2%
Mid-Year 2011 36 $764,738 $539,000 6%
Change -35% -2% -16%
Coconut Grove
The Coconut Grove non-waterront singleamily home market was active comparedto the rst hal o 2010 with a 35% increase
in the amount o transactions. There wasalso an increase in average and mediansales price despite the act that 25% otransactions were REO sales. The amounto Coconut Grove non-waterront condotransactions increased as both averageand median sales price decreased. REOtransactions continue to be a signicantpercentage o sales in this category.
3618 Matheson Avenue, Coconut GroOfered at $2,975,0
3601 Matheson Avenue, Coconut GroveOfered at $2,495,000
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North Pinecrest
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Single FamilyHomes
Mid-Year 2010 46 $1,318,902 $1,020,000 2%
Mid-Year 2011 37 $1,329,797 $915,000 5%
Change -20% 1% -10%South Pinecrest
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Single FamilyHomes
Mid-Year 2010 43 $861,060 $675,000 9%
Mid-Year 2011 56 $711,530 $586,750 9%
Change 30% -17% -13%
O N E S O T H E B Y S R E A L T Y . C O M
I N D E P T H C O M M U N I T Y P R O F I L E S
Non-Waterfront Properties
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Single FamilyHomes
Mid-Year 2010 102 $383,939 $362,500 22%
Mid-Year 2011 130 $391,965 $385,000 18%
Change 27% 2% 6%
6500 Southwest 98 Street, PinecrOfered at $4,999,9
6755 Southwest 152 Street, Palmetto BayOfered at $6,499,000
Palmetto Bay
Palmetto Bay has had a avorable year thusar. The amount o transactions or the rstsix months o 2011 has increased by 27% romthis time last year despite increased salesprices. With REO transactions making up asmaller portion o the whole than in 2010, thisneighborhood is experiencing avorable trendsacross the board.
Pinecre
The amount o transactions in North Pinecrdecreased compared to 2010, as did
Median Sales Price. However, the Average SaPrice increased despite an increase in RE
transactions. South Pinecrest outperormNorth Pinecrest in quantity o transactio
which could be attributed to a decrease in boaverage and median sales pric
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BRICKELL DOWNTOWN KEY BISCAYNE
Miami, Downtown
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Waterfront Properties
Non-Waterfront Properties
I N D E P T H C O M M U N I T Y P R O F I L E S
T R E N D S I O N E S O T H E B Y S R E A L T Y . C O M
Waterfront Properties
Non-Waterfront Properties
Condos
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 27 $210,566 $140,000 37%
Mid-Year 2011 44 $238,620 $155,000 23%
Change 63% 13% 11%
Condos
# oTransactions
AverageSales Price
MedianSales Price
% o
REO SalesMid-Year 2010 89 $385,498 $280,000 10%
Mid-Year 2011 108 $436,232 $325,000 13%
Change 21% 13% 16%
Downtown
Just like Brickell, the Downtown area isabsorbing its inventory and developers areset to begin construction with condo/hotelsand a possible gaming resort. Over the 6month comparison, there were 31% more unitssold with an average sales price increase o10%. The non-waterront area with the most
REO had the largest number o sales, drivingthe REO inventory down by 14%. At time opublication the amount o active REO wasa mere 1% o the inventory and short salesrepresented 7%. Rental rates on averageare up 21% over last year, providing urtherproo that the downtown area remains a goodinvestment with positive cash fow.
Condos
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 107 $201,384 $165,000 28%
Mid-Year 2011 156 $222,249 $200,250 38%
Change 46% 10% 21%
Condos
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 307 $410,785 $245,000 19%
Mid-Year 2011 334 $430,022 $275,000 21%
Change 9% 5% 12%
Bricke
Brickell continues to absorb its invent
primarily with international buyers, whdevelopers are poised to begin build
again later this year, adding more conretail and mixed-use buildings. Over
18% more units sold and the average saprice continues an upward climb as we he
in to the second hal o 2011. There wan increase o REO sales that helped wthe inventory absorption. The distres
inventory is depleting with only 2% o actREO and 7% Short Sales remaining
time o publication. With investors takadvantage o this buyers market and t
infux o proessionals seeking the live w
environment, rental rates in the area hdriven up by an average o 12% over same peri
1425 Brickell Avenue #48E, MiaOfered at $3,400,0
Mint at Riverront, MiamiFrom $240,000 to $1,250,000
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I N D E P T H C O M M U N I T Y P R O F I L E
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Key Biscayn
Still a avorite or extraordinary living, KBiscayne waterront homes continue to
well with a whopping 133% increase in numbo transactions and a steady average price p
square oot at $1,626.91. Despite impressnumbers, the rst REO sale or this type
property occurred in the rst hal o 20
Waterfront Properties
SingleFamilyHomes
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 3 $6,887,333 $6,750,000 -
Mid-Year 2011 7 $6,972,857 $6,200,000 14%
Change 133% 1% -8%
Waterfront Properties
Condos
Mid-Year 2010 74 $1,040,926 $697,500 1%
Mid-Year 2011 74 $982,357 $705,000 5%
Change 0% -6% 1%
Key Biscayne
The beautiul oceanront buildings in thevillage o Key Biscayne are continuing tohold their value, with the same number oclosings or about the same median price inboth the rst six months o 2010 and 2011.
It is worthwhile to note that so ar this year,depending on views and building location,price per square oot ranges largely rom$223.46 all the way up to $1,058.61.
1 6 I T R E N D S
330 Harbor Drive, Key BiscayOfered at $9,950,0
455 Grand Bay Drive #1025, Key BiscayneOfered at $550,000
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O N E S O T H E B Y S R E A L T Y . C O M
I N D E P T H C O M M U N I T Y P R O F I L E S
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Key Biscayn
While the number o closings increasin quantity, the average selling price h
decreased by almost 20% - a trend justied12 sales under $1 Mill ion or the rst semes
o 2011 versus only 5 or the rst semeso 2010. Current property oerings st
at $1,100,000, which should result in higaverage selling prices in the utu
Non-Waterfront Properties
Condos
Mid-Year 2010 27 $357,519 $365,000 11%
Mid-Year 2011 34 $230,994 $207,500 41%
Change 26% -35% -43%
SingleFamilyHomes
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 25 $1,551,128 $1,252,207 4%
Mid-Year 2011 29 $1,258,159 $1,095,000 3%
Change 16% -19% -13%
Non-Waterfront Properties
Key Biscayne
Live in Key Biscayne or $200,000? Yes, that waspossible this year with non-waterront closingsnearly dominated by oreclosures, representing42% o total and causing a 43% drop in mediansales price. On a more optimistic note, 17
pending contracts at the time o publicationindicate a slight upward trend, with lessoreclosures in the mix.
1121 Crandon Boulevard #F302, Key BiscayneOfered at $1,595,000
462 Ridgewood Road, Key BiscayOfered at $3,333,333 or $20,000/mon
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Miami BeachSOUTH BEACH MID BEACH NORTH BEACH SOUTH OF FIFTH
FISHER ISLAND PALM, STAR, & HIBISCUS ISLANDS SUNSET ISLANDSVENETIAN & LA GORCE ISLANDS NORTH BAY ROAD & PINETREE DRIVE
7331 Belle Meade Island, Miami BeachOfered at $2,900,000
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I N D E P T H C O M M U N I T Y P R O F I L E S
Condos
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Non-Waterfront Properties
SingleFamilyHomes
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 332 $171,555 $130,000 24%
Mid-Year 2011 489 $173,423 $123,000 37%
Change 47% 1% -5%
Mid-Year 2010 75 $764,000 $542,000 13%
Mid-Year 2011 60 $757,000 $648,000 13%
Change -20% -1% -5%
Waterfront Properties
Condos
SingleFamilyHomes
MedianSales Price
AverageSales Price
# oTransactions
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
% oREO Sales
Mid-Year 2010 738 $600,573 $309,500 13%
Mid-Year 2011 981 $596,792 $293,000 23%
Change 33% -1% -5%
Mid-Year 2010 43 $3,503,333 $2,959,000 5%
Mid-Year 2011 56 $2,912,833 $1,999,000 14%
Change 30% -17% -32%
OVERVIEW
Miami Beach
The number o non-waterront homes or salein Miami Beach has dropped to the lowestpoint in the last 5 years. Although the numbero sales is down, the Median Sales Price isup 20%. On the other hand, non-waterront
condos show a substantial increase in numbero sales a good portion due to the distressedinventory being depleted. Pricing has beenmodestly hit as a result.
OVERVI
Miami BeacWaterront sales in Miami Beach rose 3
year over year. The Average Sales Price aoreclosures are leading indicators or t
increase. Waterront condos continue to mawaves with a robust increase in the number
sales. Despite the fushing out o the distresscondos inventory, a small 1% increase in pr
per square oot demonstrates stabilizatalong the American Rivie
1000 S Pointe Drive PH-4, Miami BeaOfered at $5,750,0
2110 Lucerne Avenue, Miami BeachOfered at $2,299,000
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# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 228 $516,630 $300,000 10%
Mid-Year 2011 279 $439,760 $300,000 19%
Change 22% -15% 0%
Waterfront Properties
Condos
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 124 $289,110 $239,000 26%
Mid-Year 2011 201 $318,112 $222,500 25%
Change 62% 10% -7%
Waterfront Properties
Condos
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 367 $684,755 $340,000 12%
Mid-Year 2011 472 $749,501 $345,000 14%
Change 29% 9% 1%
Waterfront Properties
Condos
MIAMI BEA
Mid Beac
Waterront Mid-Beach and MillionaiRow have been the most stagnant o t
Miami Beach markets, but still showincrease in number o transactions so
Price per square oot pricing was dropping 14% perhaps a unction o t
distressed inventory being deplet
MIAMI BEACH
South Beach
While 2009 to 2010 statistics were relativelyfat, 2011 is o to an impressive start with the
number o transactions closing just short o a30% increase. Meanwhile, price per square ootpricing has begun an uphill climb, with a 7%increase rom mid-year 2010.
In the month o June 2011, ONE SothebysInternational Realty closed $25,000,000 insales at The Residences at W South Beach.
MIAMI BEACH
North Beach
Canyon Ranch Resort and Akoya are thestrong players in the North Beach Market,eeding a robust 62% sales volume increasein this sector. Interesting to note: 9 distressedsales closed at Akoya during the rst hal o2011, while only 2 are active at the time o thispost as the distressed inventory dries up.
5757 Collins Avenue #605, Miami BeaOfered at $1,226,0
The Residences at W South BeachFrom $660,000 to $6,500,000
6365 Collins Avenue #TS-01, Miami BeachOfered at $30,000/month
O N E S O T H E B Y S R E A L T Y . C O
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# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 21 $1,936,325 $1,975,000 -
Mid-Year 2011 26 $2,503,460 $2,000,000 4%
Change 24% 29% 1%
All Properties
Condos
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 137 $1,007,315 $611,750 7%
Mid-Year 2011 204 $1,179,740 $660,000 9%
Change 49% 17% 8%
All Properties
Condos
MIAMI BEACH
Fisher Island
The typical sale on prestigious Fisher Islandremains a 3 bedroom, 3 bathroom residencewith approximately 3,000 square eet and a
waterront view. Number o closed transactionsand price per square oot pricing are bothup considerably, with price per square ootincreasing by an impressive 19%.
MIAMI BEA
South o Fit
With just short o a whopping 50% growin number o transactions closed, inventdown, and a 9% increase in price per squ
oot pricing - the most coveted condominineighborhood o Miami Beach continues
demonstrate its popularity with todays buye
T R E N D S I
300 S Pointe Drive PH-4004, Miami BeaOfered at $4,700,0
7161 Fisher Island Drive, Fisher IslandOfered at $5,500,000
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O N E S O T H E B Y S R E A L T Y . C O
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MIAMI BEA
Sunset Island
Waterront sales remain strong in the SunIslands. Although waterront homes sold at tsame pace in the rst hal o 2011 as in the
hal o 2010, both Average and Median SaPrices have nearly doubled. A home on Sun
Island I went under contract during the hal o 2011, closing in July or $19.8 milli
This was second highest sale in Miami-DaCounty at time o publicati
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Waterfront Properties
Single FamilyHomes 1647 North View Drive, Miami Bea
Ofered at $10,750,0
MIAMI BEACH
Palm, Star &Hibiscus Islands
Only Star and Hibiscus have seen waterrontsales during the rst six months o 2011. Theamount o sales in Star Island tripled andAverage Sales Price more than doubled. ThisApril, the sale o 13 Star Island or $25.5 millionbecame the highest sale or a Single Familyhome in Miami-Dade County in over 5 years.
Condos
Mid-Year 2010 6 $6,091,666 $7,175,000 -
Mid-Year 2011 6 $9,707,000 $9,707,500 -
Change 0% 59% 35%
Waterfront Properties
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Single FamilyHomes211 N Coconut Lane, Palm Island
Ofered at $3,495,000
MIAMI BEACH
Venetian,
La Gorce IslandAlthough there were no waterront sales onLa Gorce Island during the rst hal o 2011,the Venetian Islands saw an increase in activitycompared to the rst hal o 2010. Not onlydid sales increase by 30% on the Venetians,but Average Sales Price increased by 16% andMedian Sales Price increased by 28%.
Mid-Year 2010 11 $5,751,500 $5,200,000 -
Mid-Year 2011 9 $2,507,000 $2,500,000 -
Change -18% -56% -52%
Mid-Year 2010 2 $2,400,000 $2,400,000 -
Mid-Year 2011 2 $4,625,000 $4,625,000 -
Change 0% 93% 93%
Waterfront Properties
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Single FamilyHomes94 la Gorce Circle, Miami Beach
Ofered at $12,900,000
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O N E S O T H E B Y S R E A L T Y . C O M
MIAMI BEAC
North Bay RoadPinetree Driv
Although the amount o sales dropped by 27prices have signicantly increased on North BRoad and Pinetree Drive. Average and Med
Sales Prices increased by over 20% on North BRoad. Pinetree Drive prices had the most growin the rst hal o 2011, with Average and Med
Sales Prices more than doubli
MIAMI BEACH
Indian Creek
There have been no sales at Indian Creekduring the rst hal o 2011. There were 3homes on the market in this private island attime o publication.
Mid-Year 2010 11 $3,128,000 $3,133,500 -
Mid-Year 2011 8 $5,035,000 $4,921,000 -
Change -27% 61% 57%
Waterfront Properties
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Single FamilyHomes
Waterfront Properties
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Single FamilyHomes
Mid-Year 2010 1 $9,300,000 $9,300,000 -
Mid-Year 2011 0 $0 $0 -
Change -100% -100% -100%
4580 North Bay Road, Miami BeaOfered at $18,975,0
17 Indian Creek Drive, Miami BeachOfered at $32,500,000
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BAL HARBOUR GOLDEN BEACH BAY HARBOR ISLANDS
AVENTURA SUNNY ISLES
North o Miami
10295 Collins Avenue #1706, Bal HarbourOfered at $1,750,000
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MedianSales Price
AverageSales Price
# oTransactions
MedianSales Price
AverageSales Price
# oTransactions
Non-Waterfront Properties
SingleFamilyHomes
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 1 $3,000,000 $3,000,000 -
Mid-Year 2011 5 $1,982,500 $1,250,000 -
Change 400% -34% -58%
T R E N D S I
SingleFamilyHomes
% oREO Sales
% oREO Sales
Condos
Waterfront Properties
Mid-Year 2010 49 $970,462 $600,000 6%
Mid-Year 2011 82 $810,287 $465,000 5%
Change 67% -17% -23%
Mid-Year 2010 1 $2,800,000 $2,800,000 -
Mid-Year 2011 - - - -
Change - - -
Bal Harbou
One o Miamis most elegant neighborhooBal Harbour is not only known or high-eshopping and gourmet dining, but also
its luxury condo-hotels and ull amencondominiums. While the number o s
transactions and Average Sales Pricewaterront homes has decreased, Bal Harb
always has and continues to sell extremwell, with the number o waterront cond
sold increasing by 67
Bal Harbour
The exclusive gated community o BalHarbour Village is the crowning jewel osingle amily homes in this highly desirablecommunity. Real estate activity in the areahad a great rst hal o 2011, with the number
o sales o non-waterront homes increasingby a staggering 400%. This years success ismost probably due to an overall decrease o34% and 58% or average and median salesprices, respectively.
10295 Collins Avenue #208, Bal HarboOfered at $3,495,0
70 Camden Drive, Bal HarbourOfered at $3,950,000
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2 6 I T R E N D S
Golden Beac
With the Atlantic on one side and tintracoastal on the other, the exclusive Gold
Beach is the only Miami-Dade Coucommunity oering direct oceanront lux
residences. With asking prices between $6 a$20 million, transactions o such properties
scarce. However, there has been a signicincrease (133%) in the number o intracoas
waterront properties sold since 2010spite o an increase o 90% or average saprice price . Transactions o non-waterr
properties have increased by 50% while prihave remained relatively stable. There h
been no REO sales this year in Golden Bea
while the rst hal o 2010 the area saw 2 REsales o non-waterront hom
Non-Waterfront Properties
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 2 $725,000 $725,000 2
Mid-Year 2011 3 $783,333 $890,000 0
Change 30% -3% -7%
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 3 $1,900,000 $1,950,000 -
Mid-Year 2011 7 $3,614,286 $2,500,000 -
Change 133% 90% 28%
Non-Waterfront Properties
Waterfront Properties
Single FamilyHomes
Single FamilyHomes
Bay Harbor Islands
Located directly west o Bal Harbour and northo the Indian Creek Island, separated only bysmall waterways, Bay Harbor consists o twoseparate islands. The west island contains
single amily homes, some with stunning openbay views, while the east island contains a smallbusiness district, an A-rated public school, andprimarily multi-amily housing. While therewere no sales o waterront homes in the rsthal o 2010, there were 2 sales over $1 Millionin the area in the rst hal o 2011.
AverageSales Price
MedianSales Price
% oREO Sales
650 Golden Beach Drive, Golden BeaOfered at $2,750,0
10350 W Bay Harbor Drive, Bay Harbor IslandsOfered at $357,000
Waterfront Properties
# oTransactions
Single FamilyHomes
Mid-Year 2010 0 $0 $0 -
Mid-Year 2011 2 $2,946,000 $2,946,000 -
Change 100% 100% 100%
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T R E N D S I
Aventur
With inventory o waterront condoAventura dipping to just below 800, t
supply o condos is at a 5-year low. In rst 6 months o 2011, the number o clostransactions increased by an impressive 3
versus the same time period in 2010, despitminor 3% decrease in Average Sales Pri
Sunny Isles
Sunny Isles Beach has been the topdestination or condo buyers in the last 2years. Velocity continues to grow even whileprices increase. Waterront condominiums inthe Sunny Isles area have shown an increasedactivity in the rst semester o 2011, with thenumber o transactions increasing by almostone third rom the same time period in 2010.
Mid-Year 2010 336 $376,796 $290,000 12%
Mid-Year 2011 436 $366,510 $270,000 15%
Change 30% -3% -7%
Waterfront Properties
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Single FamilyHomesCondos
Waterfront Properties
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 305 $472,033 $290,000 13%
Mid-Year 2011 403 $505,047 $250,000 18%
Change 32% 7% -14%
Condos
Bellini at Williams Island, AventFrom $950,000 to $3,700,0
16047 Collins Avenue PH-3704, Sunny IslesOfered at $5,450,000
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LAS OLAS ISLES HARBOR BEACH LAUDERDALE BY THE SEA
LIGHTHOUSE POINT RIO VISTA HILLSBORO BEACH
FORT LAUDERDALE BEACH VICTORIA PARK
HOLLYWOOD & HALLANDALE BEACH CORAL RIDGE BAY COLONY
Fort Lauderdale
209 N Birch Road #1601, Fort LauderdaleOfered at $9,750,000
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Condos
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Waterfront Properties
SingleFamilyHomes
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 172 $992,063 $631,650 12%
Mid-Year 2011 190 $1,098,336 $782,500 9%
Change 10% 11% 24%
Condos(1M+)
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Non-Waterfront Properties
Single FamilyHomes(1M+)
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 5 $1,277,540 $1,125,000 -
Mid-Year 2011 7 $1,464,286 $1,300,000 -
Change 40% 15% 16%
Mid-Year 2010 2 $1,112,500 $1,112,500 -
Mid-Year 2011 0 $0 $0 -
Change -100% -100% -100%
Mid-Year 2010 651 $347,965 $247,000 13%
Mid-Year 2011 734 $315,225 $230,000 13%
Change 13% -9% -7%
OVERVIEW
Fort Lauderdale
Sales o homes in this sector are up by 40%.Average and median sales prices have alsoincreased by 15% and 16%, respectively. Onthe other hand, non-waterront condos in thisprice range have seen no activity at all thus arin 2011.
OVERVI
Fort Lauderda
There has been a furry o activity or FLauderdales waterront homes. Numbers
sales have increased by 10% over the saperiod in 2010. Averages sales prices have a
increased by 11%. The median sales prices haincreased by 24% and REOs have decreas
which paints a bright picture or the remaino 2011. Sales o waterront condos h
increased by 13% over the same time last yewhile both Average and Median Sales Pri
have decreas
4342 El Mar Drive #2, Fort LauderdOfered at $2,450,0
2798 NE 37 Drive, Fort LauderdaleOfered at $1,150,000
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Waterfront Properties
Single FamilyHomes
Single FamilyHomes
Waterfront Properties
Single FamilyHomes
Single FamilyHomes
O N E S O T H E B Y S R E A L T Y . C O
I N D E P T H C O M M U N I T Y P R O F I L E
The exclusive community o HarborBeach, boasting deep water dockage anda private beach club, has seen an increasein sales o 38% in the rst 6 months o2011. The Average Sales Price was down
18%, while Median Sales Price was up 9%.Transactions o non-waterront propertiesin Harbor Beach have more than doubledsince 2010. Average Sales Price is up 26%and Median Sales Price is up 18%.
FORT LAUDERDALE
Harbor Beach
FORT LAUDERDA
Las Olas Isle
These exclusive waterront nger isles Las Olas Boulevard have seen an incre
o 60% in sales, which may be due to tprime location and attractive prices. Avera
Sales Price is down by 11%. The numbernon waterront home sales o Las Olas h
maintained rom this time last year. Averaprice is down 12% and median price is up 26
Non-Waterfront Properties
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 3 $691,667 $585,000 -
Mid-Year 2011 7 $874,286 $693,000 -
Change 133% 26% 18%
# o
Transactions
Average
Sales Price
Median
Sales Price
% o
REO SalesMid-Year 2010 8 $2,353,875 $1,462,500 -
Mid-Year 2011 11 $1,923,182 $1,600,000 -
Change 38% -18% 9%
Non-Waterfront Properties
Waterfront Properties
Single FamilyHomes
Single FamilyHomes
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Non-Waterfront Properties
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Waterfront Properties
Single FamilyHomes
Single FamilyHomes
Mid-Year 2010 3 $835,900 $575,000 -
Mid-Year 2011 3 $731,667 $725,000 -
Change 0% -12% 26%
Mid-Year 2010 25 $2,091,952 $1,450,000 4%
Mid-Year 2011 40 $1,852,074 $1,460,000 13%
Change 60% -11% 1%
Non-Waterfront Properties
2550 Del Lago Drive, Fort LauderdaleOfered at $12,000,000
540 Lido Drive, Fort LauderdOfered at $2,495,0
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Waterfront Properties
# o
Transactions
Average
Sales Price
Median
Sales Price
% o
REO SalesMid-Year 2010 23 $779,217 $707,000 9%
Mid-Year 2011 39 $939,806 $755,000 5%
Change 70% 21% 7%
Non-Waterfront Properties
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 18 $298,419 $310,000 11%
Mid-Year 2011 18 $330,972 $327,500 11%
Change - 11% 6%
Single FamilyHomes
Single FamilyHomes
T R E N D S I
FORT LAUDERDALE
Lighthouse Point
As we move to the north o Fort Lauderdale,Lighthouse Point sales are up 70%, AverageSales Prices have seen increases o 21% andMedian Sales Prices are up 7%. The number o
non-waterront sales have remained consistentwith the mid-year 2010 sales, despite AverageSales Prices increasing by 11% and MedianSales Prices up by 6%.
FORT LAUDERDA
Lauderdale by the Se
The number o sales are down on this barisland. Average Sales Price has increasby 158%. The number o REO sales ha
increased in waterront and non-waterrmarkets. Non-waterront property sales
down 25% in the area. Overall Average SaPrices are down 62% and Median Sales Pri
are down 58
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Non-Waterfront Properties
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Waterfront Properties
Single FamilyHomes
Single FamilyHomes
Mid-Year 2010 8 $987,187 $855,000 13%
Mid-Year 2011 6 $373,400 $355,450 33%
Change -25% -62% -58%
Mid-Year 2010 11 $452,045 $431,000 -
Mid-Year 2011 5 $1,167,378 $860,000 20%
Change -55% 158% 100%
Non-Waterfront Properties
1600 S Ocean Blvd #1001, Fort LauderdOfered at $1,590,0
3930 NE 31 Avenue, Fort LauderdaleOfered at $1,299,000
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3 2 I T R E N D S
Single FamilyHomes
Single FamilyHomes
Single FamilyHomes
Single FamilyHomes
O N E S O T H E B Y S R E A L T Y . C O
I N D E P T H C O M M U N I T Y P R O F I L E
Waterfront Properties
# o
Transactions
Average
Sales Price
Median
Sales Price
% o
REO Sales
Mid-Year 2010 10 $1,364,215 $1,277,950 10%
Mid-Year 2011 8 $1,062,863 $1,076,450 -
Change -20% -22% -16%
Non-Waterfront Properties
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 15 $440,667 $390,000 13%
Mid-Year 2011 11 $572,455 $570,000 18%
Change -27% 30% 46%
Single FamilyHomes
Single FamilyHomes
FORT LAUDERDA
Rio Vist
With easy access to the ocean, Rio Vista one o the most desirable neighborhood
Fort Lauderdale. Number o transactions down 20% thus ar in 2011, with Average Sa
Price down 22%. Non-waterront properthave also seen a decrease in sales, w
Average Sales Price increasing by 30% aMedian Sales Prices up by 46
FORT LAUDERDALE
Hillsboro Beach
This enclave o waterront homes has seen nochange in the total number o sales thus arin 2011 but has seen a 10% decline in both theAverage and Median Sales Prices. There was asingle oreclosure sale in the rst hal o 2011,which was the rst in 2 years.
Mid-Year 2010 2 $6,600,000 $6,600,000 -
Mid-Year 2011 2 $5,950,000 $5,950,000 50%
Change 0% -10% -10%
Waterfront Properties
# oTransactions
AverageSales Price
MedianSales Price
% oREO
Single FamilyHomes
1716 Southeast 9 Street, Fort LauderdOfered at $3,195,0
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Waterfront Properties
Single FamilyHomes
Single FamilyHomes
Waterfront Properties
Single FamilyHomes
Single FamilyHomes
O N E S O T H E B Y S R E A L T Y . C O M
I N D E P T H C O M M U N I T Y P R O F I L E S
O N E S O T H E B Y S R E A L T Y . C O M
I N D E P T H C O M M U N I T Y P R O F I L E S
Waterfront Properties
# o
Transactions
Average
Sales Price
Median
Sales Price
% o
REO SalesMid-Year 2010 1 $955,000 $955,000 -
Mid-Year 2011 - - - -
Change - - -
Non-Waterfront Properties
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 32 $368,107 $315,500 22%
Mid-Year 2011 25 $399,297 $330,000 4%
Change -22% 8% 5%
Single FamilyHomes
Single FamilyHomes
Non-Waterfront Properties
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 6 $581,483 $533,450 -
Mid-Year 2011 8 $715,162 $539,000 13%
Change 33% 23% 1%
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 222 $400,134 $310,000 7%
Mid-Year 2011 232 $369,144 $247,500 9%
Change 5% -8% -20%
Non-Waterfront Properties
FORT LAUDERDA
Victoria Par
There have been no sales o waterrhomes so ar this year in Victoria Park
non-waterront homes, sales are down by 22with Average Sales Price up 8% and Med
Sales Price up 5%. The non-waterront hom
continue to be active with a decrease in saover this same time period last year, but REinventory has been absorbed and prices
now on the r
FORT LAUDERDALE
Fort Lauderdale BeachThe total number o waterront homes soldin Fort Lauderdale Beach in mid-year 2011has increased by 5%. Average Sales Price isdown 8% and Median Sales Price is down 20%,which could be due to the number o REOsbeing slightly higher than this time last year.Non-waterront homes in this sector haveperormed well this year, with the number otransactions up 33% and Average Sales Priceup 23%.
Waterfront Properties
Single FamilyHomes
Single FamilyHomes
101 S Ft Lauderdale Bch #2801, Fort LauderdaleOfered at $2,999,000
431 N Victoria Park Road, Fort LauderdOfered at $979,0
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Condos
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Non-Waterfront Properties
SingleFamilyHomes
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 764 $152,444 $120,250 40%
Mid-Year 2011 734 $148,366 $111,000 39%
Change -4% -3% -8%
Mid-Year 2010 450 $86,578 $66,000 36%
Mid-Year 2011 605 $85,650 $63,000 37%
Change 34% -1% -5%
Condos
SingleFamilyHomes
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Waterfront Properties
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 18 $1,206,042 $1,227,500 -
Mid-Year 2011 12 $1,357,806 $1,247,444 -
Change -33% 13% 2%
Mid-Year 2010 634 $228,072 $170,000 21%
Mid-Year 2011 760 $223,789 $158,000 26%
Change 20% -2% -7%
FORT LAUDERDALE
Hollywood Beach,
Hallandale Beach
Non waterront condos in Hollywood andHallandale Beach saw a 34% increase in activity,while single amily homes witnessed a 4%
decrease in transactions between the rst halo 2010 and the rst hal o 2011. Bank ownedproperties still represent a large percentageo the sold properties in the area. The highestprice sold on an REO single amily home was$350,000, closing in 29 days rom the timeit came on the market. For non-waterronthomes, 569 residences sold under $200,000 inthe rst 6 months o 2011.
FORT LAUDERDA
Hollywood Beach
Hallandale BeacA gated community o waterront homes w
oversize docks on deepwater canals andxed bridges, Golden Isles in Hallandal
considered a hidden gem among avid boateIn Hollywood, Harbour Island oers t
best resort living, with homes ranging rcharming cottages to luxurious mansio
Bank-owned properties remain a strong oin the waterront condo market, with an RE
sale taking place in 1 out o every 4 condThe highest price sold on an REO condo w
$950,000, but low numbers pull the avera
sales price down to $223,789 and median saprice to an even lower $158,000. Bank-own
condos in this area are snatched up quicspending an average o 36 days on the mark
3 4 I T R E N D S
1000 Washington Street, HollywoodOfered at $1,375,000
643 Palm Drive, HallandOfered at $3,500,0
O N E S O T H E B Y S R E A L T Y . C O
I N D E P T H C O M M U N I T Y P R O F I L E
Condos
SingleFamilyHomes
-
7/31/2019 Market TRENDS Luxury Miami&Fort Lauderdale mid year 2011
35/36T R E N D S I
FORT LAUDERDALE
Coral Ridge,
The Landings
The numbers o homes sold in Coral Ridgeand The Landings has increased signicantlyby 59% and prices have seen an upward trend.Non-waterront homes have kept pace withtheir waterront counterparts, also experiencingincreased number o sales and increasedAverage and Median Sales Prices.
Waterfront Properties
Non-Waterfront Properties
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 33 $538,693 $480,000 9%
Mid-Year 2011 41 $606,341 $470,000 17%
Change 24% 13% -2%
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Mid-Year 2010 27 $919,933 $705,000 11%
Mid-Year 2011 43 $1,018,573 $875,000 12%
Change 59% 11% 24%
Non-Waterfront Properties
Single FamilyHomes
Single FamilyHomes
Mid-Year 2010 4 $2,606,875 $2,601,250 -
Mid-Year 2011 0 0 0 -
Change -100% - -
Waterfront Properties
# oTransactions
AverageSales Price
MedianSales Price
% oREO Sales
Single FamilyHomes
FORT LAUDERDA
Bay Colon
This rst hal o 2011 has been quiet in tprivate enclave o waterront homes, with
properties on the market at time o publicati
30 N Compass Drive, Fort LauderdOfered at $1,750,0
5961 Bayview Drive, Fort LauderdaleOfered at $875,000
O N E S O T H E B Y S R E A L T Y . C O M
I N D E P T H C O M M U N I T Y P R O F I L E S
Waterfront Properties
-
7/31/2019 Market TRENDS Luxury Miami&Fort Lauderdale mid year 2011
36/36
Bellini at Williams Island, AventuraFrom $950,000 to $3,700,000
Everything about Belliniis the best there is.
RENDS IS PROVIDED BY:
onesothebysrealty.com