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The Miami Beaches Market Pulse – February 2017 Results

Christopher J. Lazaro, MBA Licensed Real Estate Broker & REALTOR® Christopher J. Lazaro, MBA, Licensed Real Estate Broker & REALTOR®, 1-800-798-9192 ext. 333, License #: BK3252123, Metro International Investments, MLS: http://REBroker.Miami
Miami Beach

Aerial View of Miami Beach

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

33139 – South Beach


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.

Nothing new here.  My firm has two listings in South Beach and has had these for over a year.  Price reductions have finally be permitted, but not enough to generate interest in, what is still, overpriced real estate.  It is a Buyer’s Market and will continue to be so into the foreseeable future.

33140 – Mid-Beach

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.

Sales Price vs Sales Volume ticked higher due to well above average closing prices on some high-ticket properties, but this does not change the fact that Listing Price is declining as Listing Volume increases.  Sales Volume continues to diminish.

33141 – North Beach & North Bay Village

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.

I continue to reiterate my position on 33141.  I believe this is the last vestige of affordability for the average to above average earner(s).  There are very good buying opportunities here for people with 5-10 year investment time horizons.  Listing Prices continue to decline and Sales Volume is way down; there are Sellers ready to make a deal.  Call me for an appointment!

 33154 – Bal Harbour & Bay Harbor Islands


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.

We are coming off January’s uptick; Listing Volume continues its northward climb, Sales Volume is heading back lower.  I expect the Bal Harbour Market will re-synchronize with the rest of the Miami Beaches Real Estate Market.

33160 – Sunny Isles Beach, Eastern Shores & Golden Beach

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.

Listing Volume inched higher while Sales Volume dropped further.  Many of the new listings are coming out of new/newer buildings that were recently completed.  I believe we are going to see a mass exodus, dwarfing the current trend, from overpriced luxury and ultra luxury condo assets.  Between the taxes and the condo association fees, it is impossible to recover an investment in any of these as asset appreciation cannot possibly increase in value enough and fast enough; especially in light of even more, newer, capacity coming online.

The Miami Association of REALTORS® publishes a market update themselves called Market Focus.  For the Miami-Dade County area in February, this is the South Florida Market Focus Update for February 2017.

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About Christopher J. Lazaro (47 Articles)
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 for and partner in, Metro International Investments.

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