$1,060 per square foot. $218 per square foot
Sales price momentum of condos has finally come to a halt in the greater downtown Miami area, with September median price per-square-foot sales of condos going down from $387 to $383 and average sale prices per square foot edging up slightly to $405 from $398 based on data from the Miami Realtors MLS.  The average resale price today for a condo and townhouse in the Downtown Fort Lauderdale and Beach market is down 23 percent from the peak. In 2014, buyers have paid an average price of $291 per square foot in the Downtown Fort Lauderdale and Beach market. In 2014, buyers have paid an average price of about $405 per square foot in greater downtown compared to $415 per square foot in 2006. At the bottom of the market in 2009, condo and townhouse resale units traded at an average of $218 per square foot in greater downtown Miami. Overall in South Beach, buyers purchased 60 new units with about 108,000 square feet for nearly $101 million between January and March of 2011. This works out to an average price of $934 per square foot, according to Miami-Dade County records. Compare this year’s activity to the first quarter of 2010 when buyers purchased 14 new South Beach units with 14,600 square feet for $22.2 million, or nearly $1,520 per square foot. On a county-by-county basis, the mean price for a preconstruction condo is more than $1,060 per square foot in Miami-Dade, nearly $575 per square foot in Palm Beach, and less than $500 per square foot in Broward, according to Zalewski. Mark Freerks. The average price is $960 a square foot, according to a survey of nearly 50 projects in South Florida that have pre-sales. Condo Vultures is reporting that the average pre-sale price for condos in South Florida… more. Mark Freerks. Pre-construction pricing in South Florida ranges from below $250 to nearly $2,650 a square foot. Mark Freerks. The average price is $960 a square foot, according to a survey of nearly 50 projects in South Florida that have pre-sales. The median sales price for homes in Miami FL for Jul 15 to Oct 15 was $245,000. This represents a decline of 1.6%, or $4,000, compared to the prior quarter and an increase of 8.9% compared to the prior year. Sales prices have appreciated 64.4% over the last 5 years in Miami. The average listing price for Miami homes for sale on Trulia was $454,884 for the week ending Oct 07, which represents an increase of 1.2%, or $5,219, compared to the prior week and an increase of 1.9%, or $8,689, compared to the week ending Sep 16. Average price per square foot for Miami FL was $172, an increase of 5.5% compared to the same period last year. Popular neighborhoods in Miami include Coral Way, Wynwood-Edgewater, Upper East Side, West Little Havana, Northeast Coconut Grove, and East Little Havana. Condo Vultures is reporting that the average pre-sale price for condos in South Florida… more. Mark Freerks. The average price is $960 a square foot, according to a survey of nearly 50 projects in South Florida that have pre-sales. New condo units in the trendy South Beach neighborhood of Miami Beach sold for an average of 39 percent less in the first 90 days of 2011 on a year-over-year basis compared to the same time span in 2010, according to a new report from CondoVultures.com. This works out to an average price of $934 per square foot, according to Miami-Dade County records. Compare this year’s activity to the first quarter of 2010 when buyers purchased 14 new South Beach units with 14,600 square feet for $22.2 million, or nearly $1,520 per square foot. In Sunny Isles Beach, buyers have paid an average price of $428 per square foot for a condo and townhouse resale in the first half of 2014 compared to $435 per square foot in 2006. The bottom of the Sunny Isles Beach condo market was 2009 when condo and townhouse resales traded at an average of $230 per square foot. In 2014, buyers have paid an average price of about $405 per square foot in greater downtown compared to $415 per square foot in 2006. At the bottom of the market in 2009, condo and townhouse resale units traded at an average of $218 per square foot in greater downtown Miami. Miami Beach is the only one of the seven largest coastal South Florida markets to have a higher average resale price in 2014 than at the peak in 2006. This year, buyers have paid an average price of $512 per square foot for a condo and townhouse resale in Miami Beach. In 2014, buyers have paid an average price of about $405 per square foot in greater downtown compared to $415 per square foot in 2006. At the bottom of the market in 2009, condo and townhouse resale units traded at an average of $218 per square foot in greater downtown Miami.
http://www.marketwatch.com/story/downton-miami-condo-market-set-for-a-fall-2015-10-12 http://www.miamiherald.com/news/business/real-estate-news/article1977140.html http://www.condovultures.com/News/ViewArticle/tabid/77/ArticleId/26677/Average-New-Condo-Sales-Price-Falls-39-In-South-Beach-In-Q1.aspx http://www.bizjournals.com/southflorida/news/2013/07/31/south-floridas-average-per-square.html http://www.bizjournals.com/southflorida/news/2013/07/31/south-floridas-average-per-square.html http://www.trulia.com/real_estate/Miami-Florida/market-trends/ http://www.bizjournals.com/southflorida/news/2013/07/31/south-floridas-average-per-square.html http://www.condovultures.com/News/ViewArticle/tabid/77/ArticleId/26677/Average-New-Condo-Sales-Price-Falls-39-In-South-Beach-In-Q1.aspx http://www.miamiherald.com/news/business/real-estate-news/article1977140.html http://www.miamiherald.com/news/business/real-estate-news/article1977140.html
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