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Real Estate - Miami
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Real Estate Market Conditions, Miami Condo Statistics August
During the month of August 2007 there were 12,849 condos for sale in East Miami-Dade and the Miami Beaches areas. This was a 19.55% increase from the inventory of condos for sale in July. 80% of the condos listed for sale in August were priced under $800,000. There were 213 sales this month which was a 45.52% decrease from the 391 condos sold in August of 2006. Sales were down 33.64% from the 321 condos that were sold last month.
The following is a brake down of condo sales by price and comparison to July of 2007. This information was gathered from Realtor Association of Miami-Dade County and based on transactions that were conducted through its realtors.
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.
|
|
Aug-07 |
% Diff. from July 07 |
% of sales |
|
Aug-06 |
% Diff. from |
Last year |
Up to $299,999 |
103 |
-24.26% |
48.36% |
191 |
-46.07% |
$300,000 - $499,999 |
56 |
-39.13% |
26.29% |
98 |
-42.85% |
$500,000 - $799,999 |
24 |
-52.94% |
11.27% |
65 |
-63.07% |
$800,000 -$999,999 |
10 |
-23.08% |
4.69% |
12 |
-16.66% |
$1,000,000 - $1,499,999 |
7 |
-50.00% |
3.28% |
11 |
-36.36% |
$1,500,000 - $1,999,999 |
5 |
-28.57% |
2.35% |
8 |
-37.50% |
$2,000,000 - $3,999,999 |
5 |
66.67% |
2.35% |
5 |
0.00% |
$4,000,000 -$ 5,999,999 |
2 |
0.00% |
0.98% |
1 |
100.00% |
$6,000,000 - $7,999,999 |
0 |
-100.00% |
0.00% |
0 |
0.00% |
$8,000,000 - $9,999,999 |
1 |
0.00% |
0.47% |
0 |
100.00% |
$10,000,000 - $15,000,000 |
0 |
0.00% |
0.00% |
0 |
0.00% |
Over $15,000,000 |
0 |
0.00% |
0.00% |
0 |
0.00% |
|
|
|
|
|
|
TOTAL CONDOS SOLD |
213 |
-33.64% |
100% |
391 |
-45.52% |
|
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