Christopher J. Lazaro, MBA Licensed Real Estate Broker & REALTOR®

The Miami Beaches Market Pulse – July 2016 vs July 2015

South Point & The Miami Beaches
South Point & The Miami Beaches

July was a lackluster month in terms of sales volume versus the same time period in 2015 as we saw marginal gains in listing volumes across all 5 zip codes.  I spent much of the Summer consumed with commercial real estate transactions and short sales of residential real estate throughout the Miami-Dade, Broward and Palm Beach Counties.   Via more than one analysis tool, the market is currently a BUYERS MARKET.   Listing Volume continues to increase while Sales Volume continues to decrease.  From basic observation, I am seeing what is likely a record number of price reductions in progress throughout the beaches.  We continue to remain in a market correction. In this issue and in August’s issue I am going to be brief with my commentary, as September’s issue will have a year-to-date 3rd quarter analysis & wrap-up as well as commentary regarding both the retail residential market and the residential distressed market.

Market Activity & Neighborhood Reports by Zip Code for the Miami Beaches

33139 – South Beach

Median Est. Home Value: $394K, Down -0.5%; Median Est. Listing Price: $269K, Up 5.5%; Median Days in RPR: 119 Up 1.7%; Sales Volume: 61, Down –64.9%

Click here to receive the 33139 Market Activity Report

Click here to receive the 33139 Neighborhood Report

MLS Sales Volume is at a 3 year low.  Listing Volume is at a 3 year high.

33140 – Mid-Beach

Median Est. Home Value: $496K,  Up 2.4%; Median Est. Listing Price: $465K, Up 19.3%; Median Days in RPR: 119, Down –4.8%; Sales Volume: 33, Down –62.9%

Click here to receive the 33140 Market Activity Report

Click here to receive the 33140 Neighborhood Report

MLS Sales Volume is at a 3 year low.  Listing Volume is at a 3 year high.

33141 – North Beach & North Bay Village

Median Est. Home Value: $262K, Down 1.5%; Median Est. Listing Price: $260K, Up 15.6%; Median Days in RPR: 108, Up 1.9%; Sales Volume: 33, Down –73.2%

Click here to receive the 33141 Market Activity Report

Click here to receive the 33141 Neighborhood Report

MLS Sales Volume is at a 3 year low.  Listing Volume is at a 3 year high.

33154 – Bal Harbour & Bay Harbor Islands

Median Est. Home Value: $682K, Up 10.8%; Median Est. Listing Price: $505K, Up 15%; Median Days in RPR: 133, Up 0.8%; Sales Volume: 17, Down –82.5%

Click here to receive the 33154 Market Activity Report

Click here to receive the 33154 Neighborhood Report

MLS Sales Volume is at a 3 year low.  Listing Volume is at a 3 year high.

33160 – Sunny Isles Beach, Eastern Shores & Golden Beach

Median Est. Home Value: $352K, Up 0.7%;  Median Est. Listing Price: $325K, Up 25%; Median Days in RPR: 125, Up –10.6%; Sales Volume: 89, Down –42.2%

Click here to receive the 33160 Market Activity Report

Click here to receive the 33160 Neighborhood Report

MLS Sales Volume is at a 3 year low.  Listing Volume is at a 3 year high.

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Christopher J. Lazaro, MBA
Licensed Real Estate Broker at Metro International Investments
Direct  1-800-798-9192 Ext. 333         Phone  1-800-798-9192         Mobile  305-878-2288         Fax  305-521-8995         Email  chris@mii.miami         Website  http://www.mii.miami       
“Quality is never an accident; it is always the result of high intention, sincere effort, intelligent direction and skillful execution; it represents the wise choice of many alternatives.”

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Christopher J. Lazaro

I am a Licensed Real Estate Broker specializing in Residential Real Estate transactions from Downtown Miami, through the Miami Beaches and into Fort Lauderdale along the US1 Corridor and East. Whether you are a First Time Home Buyer, an Institutional Buyer, or Private Investor, I will be happy to provide you a consultation to evaluate your real estate investment goals. I can be reached at 1-800-798-9192 ext. 333. My MLS Website can be found at http://REBroker.Miami. I am a Qualifying Broker Metro International Investments & Miami Beach Brokers.

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