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[Improving In Any Language] 3Q 2012 Miami Sales Report


We published our report on the Miami sales market for 3Q 2012 [2].   This is part of an evolving market report series I’ve been writing for Douglas Elliman [3] since 1994.

Key Points

Here’s an excerpt from the report:

…The Miami coastal communities experienced a sharp decline in listing inventory, a decline in distressed sales and rise in non-distressed sales, rising price pressure and continued demand from international buyers. All price indicators posted large gains as distressed sale market share activity continued to fall. Median sales price jumped 18.2% to $195,000 from $165,000 in the prior year quarter. Average sales price and average price per square foot saw similar year-over-year gains of 16.7% and 18.2%. The median sales price year-to date was $190,000 and increased at a similar rate of 22.6%. Distressed sales market share fell to 41.3% from 53.3% over the same period last year helping drive overall prices higher due to their lower price levels…

You can build your own custom data tables [4] on the Miami sales market – now updated with 3Q 12 data. I’ll have the latest charts [5] on the Miami sales market uploaded soon.

The Elliman Report: 3Q 2012 Miami Sales [Miller Samuel [1]]
The Elliman Report: 3Q 2012 Miami Sales [Prudential Douglas Elliman [6]]