Condominium Inventory for April 2007 –Comparison
The following statistics were gathered from areas: 12, 22, 32 and 42 which includes the areas of Golden Beach, Sunny Isles and the areas from South Beach up to North Miami Beach.
During the month of April 2007 there were 12,861 condominiums for sale in the areas that were listed above. This information was gathered from Realtor Association of Miami-Dade County based on transactions that were conducted through its realtors.
The following is a brake down by price and comparison to March of 2007:
Sperling's work included several analyses, such as: the most romantic cities and best cities for women; however the crux of his work is researching and ranking metropolitan statistical areas, and the first edition of "Cities Ranked & Rated". The census estimates about 39 million Americans, or 14 percent of the population, change addresses every year, so the main goal of Sperling is to help them make the best decision.
Previous Month
CONDO PRICES |
April ’07 |
% |
% of Market |
Up to $299,000 |
4,178 |
2.15% |
32.5% |
$300,000 - $499,999 |
3,818 |
0.24% |
29.7% |
$500,000 - $799,999 |
2,607 |
-0.38% |
20.3% |
$800,000 - $999,999 |
732 |
-2.92% |
5.7% |
$1,000,000 - $1,499,999 |
710 |
-1.25% |
5.5% |
$1,500,000 - $1,999,999 |
347 |
11.58% |
2.6% |
$2,000,000 - $3,999,999 |
360 |
-50.55% |
2.7% |
$4,000,000 - $5,999,999 |
64 |
-3.03% |
0.5% |
$6,000,000 - $7,999,999 |
25 |
0.00% |
0.2% |
$8,000,000 - $9,999,999 |
14 |
-6.67% |
0.1% |
$10,000,000 - $15,000,000 |
6 |
0.00% |
0.05% |
TOTAL |
12,861 |
-2.12% |
100% |
The amount of condominiums listed for sale this month decreased by 2.2%. Once again this month the majority of condos listed for sale were under $799,999. There was a significant decrease in the inventory for condos priced between $2 million and $4 million.
Contributed by MLR Realty
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