The past year has been a year of stabilization and even modest growth (in some areas, not so modest), in the South Florida luxury real estate market. Miami-Dade county showed stable or mild improvement in most real estate market indicators such as months of inventory, average price, days on the market and list to sell price ratio. Broward County showed a robust improvement, up over 35% in pending sales and 45% in closed sales compared to this time last year accompanied by a dramatic drop in months of inventory.
Miami-Dade Luxury Real Estate Market Report by the numbers (all data for residential listings over $1,000,000)
- Total Active Listing - 2,040 in April 2012 vs 2,203 in April 2011 - positive
- Total Pending Sales (under contract) - 157 in April 2012 vs 118 in April 2011 - positive
- Total Closed Sales - 113 in April 2012 vs 117 in April 2011 - stable
- Number of Months Inventory - 18 in both April 2011 and 2012 - stable
Miami-Dade Single Family Home Luxury Real Estate Market Report
- Total Active Listing - 936 in April 2012 vs 1084 in April 2011 - positive
- Total Pending Sales (under contract) - 78 April in 2012 vs 52 in April 2011 - positive
- Total Closed Sales - 54 in April 2012 vs 51 in April 2011 - stable
- Number of Months Inventory - 17 April 2021 vs 21 in April 2011 - positive
ONE Sotheby's International Realty participated in the sale of 180 Arvida Parkway, which closed at $4,200,000
Miami-Dade Condo Luxury Real Estate Market Report
- Total Active Listing- 1104 in April 2012 vs 1119 in April 2011 - stable
- Total Pending Sales(under contract) - 79 April in 2012 vs 66 in April 2011 - positive
- Total Closed Sales- 59 in April 2012 vs 66 in April 2011 - negative
- Number of Months Inventory- 18 April 2021 vs 17 in April 2011 - stable
ONE Sotheby's International Realty participated in the sale of 100 S. Pointe Dr, #2008 which closed for $4,200,000
Miami-Dade Distressed Luxury Real Estate Market Report
- Total Active Short Sales - 36 in April 2012 vs 55 in April 2011 - positive
- Total Active REOs (Foreclosures) - 6 in April 2012 vs 7 in April 2011 - stable
Broward Luxury Real Estate Market Report by the numbers (all data for residential listings over $1,000,000)
- Total Active Listing -803 in April 2012 vs 859 in April 2011 - positive
- Total Pending Sales(under contract) - 63 in April 2012 vs 46 in April 2011 - positive
- Total Closed Sales- 42 in April 2012 vs 29 in April 2011 - positive
- Number of Months Inventory- 19 in April 2011 vs 29 in April 2012 - positive
Broward Single Family Home Luxury Real Estate Market Report
- Total Active Listing- 588 in April 2012 vs 622 in April 2011 - positive
- Total Pending Sales(under contract) - 50 April in 2012 vs 39 in April 2011 - positive
- Total Closed Sales- 30 in April 2012 vs 22 in April 2011 - positive
- Number of Months Inventory- 19 April 2021 vs 28 in April 2011 - positive
ONE Sotheby's International Realty participated in the sale of 2536 Lucille Dr. which closed for $4,410,000
Broward Condo Luxury Real Estate Market Report
- Total Active Listing- 215 in April 2012 vs 237 in April 2011 - positive
- Total Pending Sales(under contract) - 13 April in 2012 vs 7 in April 2011 - positive
- Total Closed Sales- 12 in April 2012 vs 7in April 2011 - positive
- Number of Months Inventory- 18 April 2021 vs 33 in April 2011 - positive
ONE Sotheby's International Realty participated in the sale of 4342 Elmer Dr, #2 which closed for $1,440,000
Broward Distressed Luxury Real Estate Market Report
- Total Active Short Sales- 25 in April 2012 vs 39 in April 2011 - positive
- Total Active REOs (Foreclosures) - 1 in April 2012 vs 1 in April 2011 - stable
The past year has been a year of stabilization and even modest growth (in some areas, not so modest), in the South Florida luxury real estate market. Miami-Dade county showed stable or mild improvement in most real estate market indicators such as months of inventory, average price, days on the market and list to sell price ratio. Broward County showed a robust improvement, up over 35% in pending sales and 45% in closed sales compared to this time last year accompanied by a dramatic drop in months of inventory.
Miami-Dade Luxury Real Estate Market Report by the numbers (all data for residential listings over $1,000,000)
- Total Active Listing - 2,040 in April 2012 vs 2,203 in April 2011 - positive
- Total Pending Sales (under contract) - 157 in April 2012 vs 118 in April 2011 - positive
- Total Closed Sales - 113 in April 2012 vs 117 in April 2011 - stable
- Number of Months Inventory - 18 in both April 2011 and 2012 - stable
Miami-Dade Single Family Home Luxury Real Estate Market Report
- Total Active Listing - 936 in April 2012 vs 1084 in April 2011 - positive
- Total Pending Sales (under contract) - 78 April in 2012 vs 52 in April 2011 - positive
- Total Closed Sales - 54 in April 2012 vs 51 in April 2011 - stable
- Number of Months Inventory - 17 April 2021 vs 21 in April 2011 - positive
Miami-Dade Condo Luxury Real Estate Market Report
- Total Active Listing- 1104 in April 2012 vs 1119 in April 2011 - stable
- Total Pending Sales(under contract) - 79 April in 2012 vs 66 in April 2011 - positive
- Total Closed Sales- 59 in April 2012 vs 66 in April 2011 - negative
- Number of Months Inventory- 18 April 2021 vs 17 in April 2011 - stable
Miami-Dade Distressed Luxury Real Estate Market Report
- Total Active Short Sales - 36 in April 2012 vs 55 in April 2011 - positive
- Total Active REOs (Foreclosures) - 6 in April 2012 vs 7 in April 2011 - stable
Broward Luxury Real Estate Market Report by the numbers (all data for residential listings over $1,000,000)
- Total Active Listing -803 in April 2012 vs 859 in April 2011 - positive
- Total Pending Sales(under contract) - 63 in April 2012 vs 46 in April 2011 - positive
- Total Closed Sales- 42 in April 2012 vs 29 in April 2011 - positive
- Number of Months Inventory- 19 in April 2011 vs 29 in April 2012 - positive
Broward Single Family Home Luxury Real Estate Market Report
- Total Active Listing- 588 in April 2012 vs 622 in April 2011 - positive
- Total Pending Sales(under contract) - 50 April in 2012 vs 39 in April 2011 - positive
- Total Closed Sales- 30 in April 2012 vs 22 in April 2011 - positive
- Number of Months Inventory- 19 April 2021 vs 28 in April 2011 - positive
Broward Condo Luxury Real Estate Market Report
- Total Active Listing- 215 in April 2012 vs 237 in April 2011 - positive
- Total Pending Sales(under contract) - 13 April in 2012 vs 7 in April 2011 - positive
- Total Closed Sales- 12 in April 2012 vs 7in April 2011 - positive
- Number of Months Inventory- 18 April 2021 vs 33 in April 2011 - positive
Broward Distressed Luxury Real Estate Market Report
- Total Active Short Sales- 25 in April 2012 vs 39 in April 2011 - positive
- Total Active REOs (Foreclosures) - 1 in April 2012 vs 1 in April 2011 - stable
The past year has been a year of stabilization and even modest growth (in some areas, not so modest), in the South Florida luxury real estate market. Miami-Dade county showed stable or mild improvement in most real estate market indicators such as months of inventory, average price, days on the market and list to sell price ratio. Broward County showed a robust improvement, up over 35% in pending sales and 45% in closed sales compared to this time last year accompanied by a dramatic drop in months of inventory.
Miami-Dade Luxury Real Estate Market Report by the numbers (all data for residential listings over $1,000,000)
- Total Active Listing - 2,040 in April 2012 vs 2,203 in April 2011 - positive
- Total Pending Sales (under contract) - 157 in April 2012 vs 118 in April 2011 - positive
- Total Closed Sales - 113 in April 2012 vs 117 in April 2011 - stable
- Number of Months Inventory - 18 in both April 2011 and 2012 - stable
Miami-Dade Single Family Home Luxury Real Estate Market Report
- Total Active Listing - 936 in April 2012 vs 1084 in April 2011 - positive
- Total Pending Sales (under contract) - 78 April in 2012 vs 52 in April 2011 - positive
- Total Closed Sales - 54 in April 2012 vs 51 in April 2011 - stable
- Number of Months Inventory - 17 April 2021 vs 21 in April 2011 - positive
Miami-Dade Condo Luxury Real Estate Market Report
- Total Active Listing- 1104 in April 2012 vs 1119 in April 2011 - stable
- Total Pending Sales(under contract) - 79 April in 2012 vs 66 in April 2011 - positive
- Total Closed Sales- 59 in April 2012 vs 66 in April 2011 - negative
- Number of Months Inventory- 18 April 2021 vs 17 in April 2011 - stable
Miami-Dade Distressed Luxury Real Estate Market Report
- Total Active Short Sales - 36 in April 2012 vs 55 in April 2011 - positive
- Total Active REOs (Foreclosures) - 6 in April 2012 vs 7 in April 2011 - stable
Broward Luxury Real Estate Market Report by the numbers (all data for residential listings over $1,000,000)
- Total Active Listing -803 in April 2012 vs 859 in April 2011 - positive
- Total Pending Sales(under contract) - 63 in April 2012 vs 46 in April 2011 - positive
- Total Closed Sales- 42 in April 2012 vs 29 in April 2011 - positive
- Number of Months Inventory- 19 in April 2011 vs 29 in April 2012 - positive
Broward Single Family Home Luxury Real Estate Market Report
- Total Active Listing- 588 in April 2012 vs 622 in April 2011 - positive
- Total Pending Sales(under contract) - 50 April in 2012 vs 39 in April 2011 - positive
- Total Closed Sales- 30 in April 2012 vs 22 in April 2011 - positive
- Number of Months Inventory- 19 April 2021 vs 28 in April 2011 - positive
Broward Condo Luxury Real Estate Market Report
- Total Active Listing- 215 in April 2012 vs 237 in April 2011 - positive
- Total Pending Sales(under contract) - 13 April in 2012 vs 7 in April 2011 - positive
- Total Closed Sales- 12 in April 2012 vs 7in April 2011 - positive
- Number of Months Inventory- 18 April 2021 vs 33 in April 2011 - positive
Broward Distressed Luxury Real Estate Market Report
- Total Active Short Sales- 25 in April 2012 vs 39 in April 2011 - positive
- Total Active REOs (Foreclosures) - 1 in April 2012 vs 1 in April 2011 - stable
The past year has been a year of stabilization and even modest growth (in some areas, not so modest), in the South Florida luxury real estate market. Miami-Dade county showed stable or mild improvement in most real estate market indicators such as months of inventory, average price, days on the market and list to sell price ratio. Broward County showed a robust improvement, up over 35% in pending sales and 45% in closed sales compared to this time last year accompanied by a dramatic drop in months of inventory.
Miami-Dade Luxury Real Estate Market Report by the numbers (all data for residential listings over $1,000,000)
- Total Active Listing - 2,040 in April 2012 vs 2,203 in April 2011 - positive
- Total Pending Sales (under contract) - 157 in April 2012 vs 118 in April 2011 - positive
- Total Closed Sales - 113 in April 2012 vs 117 in April 2011 - stable
- Number of Months Inventory - 18 in both April 2011 and 2012 - stable
Miami-Dade Single Family Home Luxury Real Estate Market Report
- Total Active Listing - 936 in April 2012 vs 1084 in April 2011 - positive
- Total Pending Sales (under contract) - 78 April in 2012 vs 52 in April 2011 - positive
- Total Closed Sales - 54 in April 2012 vs 51 in April 2011 - stable
- Number of Months Inventory - 17 April 2021 vs 21 in April 2011 - positive
Miami-Dade Condo Luxury Real Estate Market Report
- Total Active Listing- 1104 in April 2012 vs 1119 in April 2011 - stable
- Total Pending Sales(under contract) - 79 April in 2012 vs 66 in April 2011 - positive
- Total Closed Sales- 59 in April 2012 vs 66 in April 2011 - negative
- Number of Months Inventory- 18 April 2021 vs 17 in April 2011 - stable
Miami-Dade Distressed Luxury Real Estate Market Report
- Total Active Short Sales - 36 in April 2012 vs 55 in April 2011 - positive
- Total Active REOs (Foreclosures) - 6 in April 2012 vs 7 in April 2011 - stable
Broward Luxury Real Estate Market Report by the numbers (all data for residential listings over $1,000,000)
- Total Active Listing -803 in April 2012 vs 859 in April 2011 - positive
- Total Pending Sales(under contract) - 63 in April 2012 vs 46 in April 2011 - positive
- Total Closed Sales- 42 in April 2012 vs 29 in April 2011 - positive
- Number of Months Inventory- 19 in April 2011 vs 29 in April 2012 - positive
Broward Single Family Home Luxury Real Estate Market Report
- Total Active Listing- 588 in April 2012 vs 622 in April 2011 - positive
- Total Pending Sales(under contract) - 50 April in 2012 vs 39 in April 2011 - positive
- Total Closed Sales- 30 in April 2012 vs 22 in April 2011 - positive
- Number of Months Inventory- 19 April 2021 vs 28 in April 2011 - positive
Broward Condo Luxury Real Estate Market Report
- Total Active Listing- 215 in April 2012 vs 237 in April 2011 - positive
- Total Pending Sales(under contract) - 13 April in 2012 vs 7 in April 2011 - positive
- Total Closed Sales- 12 in April 2012 vs 7in April 2011 - positive
- Number of Months Inventory- 18 April 2021 vs 33 in April 2011 - positive
Broward Distressed Luxury Real Estate Market Report
- Total Active Short Sales- 25 in April 2012 vs 39 in April 2011 - positive
- Total Active REOs (Foreclosures) - 1 in April 2012 vs 1 in April 2011 - stable
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