Monday, July 4, 2011

Miami Beach Property Market Report for Quarter 2: April 1st-June 30th 2011

Currently there are a total of 2181 active listings in the MLS (multiple listings service) in the Miami Beach region (down 20% over quarter 1 with 2732 active listings). This includes condominiums and single family homes.

Of these 11% (239) are listed as short sales (down from 14% in Qtr 1) and 2.3% (50) are ‘REO’ or bank owned (Qtr 1 = 2.4%).

There have been 762 reported closed sales in the MLS for quarter two of 2011. This is a 23% increase over the 621 reported sales for the same period last year and 4% increase over the first quarter.

Comparison of Number of Homes and Condominiums Sold during Quarter 2 of 2011 v 2010, By Location
South Beach
Ocean Drive

South of Fifth
Miami Beach (33140)
Miami Beach (33141)







Comparison of Median Selling Price per square foot ($) during Quarter 2 of 2011 v 2010, By Location

South Beach (33139)
Ocean Drive
South of Fifth
Miami Beach (33140)
Miami Beach (33141)






*All numbers and data in this report are pulled from the MLS (multiple listing service) and do not include sales directly by owner.

www.BritishMiamiRealtor.com

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