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[Infographic] Getting Graphic in South Florida in 1Q 2014

April 18, 2014 | 4:30 pm | delogo | Infographics |

Here’s a jumbo infographic from Douglas Elliman covering the findings of the four market reports in South Florida we prepare for them. Thank goodness Matrix can handle super tall images.

1q14infographicelliman-florida


[Ready, Set, Download] South Florida Market Reports 1Q 2014

April 18, 2014 | 4:01 pm | delogo | Reports |

Our 4 comprehensive reports for Douglas Elliman on the residential sales markets for Miami, Boca Raton, Fort Lauderdale and Palm Beach this week.

Click on each report to download!

Miami_1Q14

MIAMI
With the Miami housing market well into the third year of its recovery, rising prices have begun to pull listing inventory into the market. Median sales price increased 16.1% to $244,000, the highest point reached since 2008. Average sales price jumped 19.1% to $461,374 over last year to a 5 year high and average price per square foot exceeded $305 per square foot for the first time in 6 years. Listing inventory bottomed in the second quarter of 2013, trending higher, up 15.2% to 12,664 from the prior year quarter. Along with the rise in supply, demand continued to rise. The number of sales rose 3.9% to 5,133 from the prior year quarter, to the highest first quarter total in the 8 years this metric has been tracked. The market share of distressed sales, once the majority of the market, continued to decline. Excluding short sales and foreclosures, market share rose to 69.4%, the highest level reached in the 4 years this metric has been tracked. The number of distressed listings and distressed With the Miami housing market well into the third year of its recovery, rising prices have begun to pull listing inventory into the market. Median sales price increased 16.1% to $244,000, the highest point reached since 2008. Average sales price jumped 19.1% to $461,374 over last year to a 5 year high and average price per square foot exceeded $305 per square foot for the first time in 6 years…

BocaRaton_1Q14

BOCA RATON
CONDO Median sales price surged 16.3% to $150,000 and average sales price declined 8.8% to $229,569 respectively from the prior year quarter. Listing discount, the percent difference between the list price at time of contract and the sales price, rose to 7% from 3.8% in the prior year quarter, but fell from 7.7% in the prior quarter…

SINGLE FAMILY Median sales price jumped 19.4% to $370,000 and average sales price rose 5.3% to $528,616 respectively from the prior year quarter. Listing discount edged up to 6.9% from 6.1% in the prior year quarter, as sellers were slightly more optimistic when determining their listing price…

FtLauderdale_1Q14

FORT LAUDERDALE
CONDO Median sales price jumped 19.8% to $255,000 from the same quarter last year, the highest level reached since 2008. Average sales price followed the same pattern, rising 23.9% to $379,391 over the same period also reaching a 5 year high.

SINGLE FAMILY The average time to market a property was 91 days, essentially unchanged from 90 days in the prior year quarter. Listing discount, the percentage difference between the list price at time of contract and the sales price, jumped to 8.1% from 4.5% as sellers pressed list prices higher than market trends support.

PalmBeach_1Q14

PALM BEACH
CONDO There were 68 sales during the quarter, 25.9% more than the same period last year. Listing inventory fell 16.9% to 360 over the same period. As a result the absorption rate, the number of months to sell all inventory at the current pace of sales, fell 34% to 15.9 months from the same period last year. The faster market pace pushed down days on market, the number of days from the last price change to the contract date, by 10 days to an average of 182 days.

SINGLE FAMILY Median sales price increased 10.7% to $3,100,000 from the prior year quarter to the highest first quarter reached since 2009. Average sales price jumped 56.7% to $6,450,093 over the same period. The average square footage of a sale was 5,261, up 20.9% from the prior year quarter.

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3Q 2013 Market Report Gauntlet Comes to a Close

October 26, 2013 | 5:15 pm | delogo | Reports |

This week marked the end of what I call the “quarterly gauntlet” market report releases that I author for Douglas Elliman. If you’re interested, we’ve analyzed a bunch of markets:

NYC Metro Area
- Manhattan Sales
- Manhattan & Brooklyn Rentals
- Brooklyn Sales
- Queens Sales
- Westchester/Putnam Sales
- Long Island Sales
- Hamptons Sales
- North Fork Sales

South Florida
- Miami Sales
- Boca Raton Sales
- Fort Lauderdale Sales
- Palm Beach Sales

I’ve been writing this expanding report series for Douglas Elliman since 1994. You can also build custom data tables on information included in the reports using our aggregate database and a growing library of market charts.


Reporting from South Florida 2Q13: Miami, Boca Raton, Fort Lauderdale and Palm Beach

July 18, 2013 | 5:05 pm | delogo | Reports |

Today Douglas Elliman published four 2Q 2013 South Florida market reports we prepare that include Miami, Boca Raton, Fort Lauderdale and Palm Beach.


1Q 2013 South Florida Housing Market Reports Gone Wild

May 13, 2013 | 9:20 am | delogo | Reports |


[click images to open each market report]

We recently completed the 1Q 2013 South Florida market report series for Douglas Elliman. These markets include Miami, Boca Raton, Fort Lauderdale and Palm Beach.


[Rising, Faster] 4Q 2012 Boca Raton Report

January 21, 2013 | 10:29 pm | delogo | Reports |

We published our report on the Boca Raton, Florida sales market for 4Q 2012. This is part of an evolving market report series I’ve been writing for Douglas Elliman since 1994.

Key Points

  • Overall price indicators show sharp year over year gains.
  • Overall sales levels trending higher.
  • Marketing times fell sharply and negotiability between buyers and seller narrowed.




Here’s an excerpt from the report:

CONDO/TOWNHOUSE Median sales price of a Boca Raton condo jumped 28.2% from $93,000 in the prior year quarter to $119,250. Over the same period, the number of sales edged 1.4% higher to 642. With 1,227 active listings, the monthly absorption rate was 5.7 months, consistent with the past several quarters…

SINGLE FAMILY Median sales price surged 17% from the prior year quarter to $310,000. Number of sales jumped 17.9% to 566 sales over the same period, the largest fourth quarter total in more than 6 years. With inventory at 1,127, the absorption rate, or number of months to sell all active listings at the current pace of sales, was 6 months, which was consistent with the past several quarters…

You can build your own custom data tables on the market – now updated with 4Q 12 data. We’ll be adding a chart library for this market area soon!




The Elliman Report: 4Q 2012 Boca Raton [Miller Samuel]
The Elliman Report: 4Q 2012 Boca Raton [Douglas Elliman]
Aggregated Custom Market Data Tables [Miller Samuel]

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[Better, Faster] 3Q 2012 Boca Raton Report

October 19, 2012 | 9:47 pm | delogo | Reports |

We published our report on the Boca Raton, Florida sales market for 3Q 2012.   This is part of an evolving market report series I’ve been writing for Douglas Elliman since 1994.

Key Points

-Overall condo price indicators were mixed. Smallest average size in more than 6 years driven by falling mortgage rates.
-Condo sales fell as single family sales jumped.
-Luxury condo and single family luxury price indicators showed double-digit increases over last year.
-Properties generally sold faster than last year.
-Buyers and sellers have moved closer together on price.


Here’s an excerpt from the report:

CONDO/TOWNHOUSE Average price per square foot of a condo increased 5.6% to $152 over the same period last year. Average sales price and median sales price declined 1.4% and 17.1% respectively. Average square foot was 1,295 square feet, the lowest in over six years, driven by record low mortgage rates…

SINGLE FAMILY There were 591 sales, 5.3% more than in the same period last year and the second highest total in more than six years. Average price per square foot jumped 9.6%, as average sales price and median sales price increased 14.9% and 21.2% respectively…

You can build your own custom data tables on the market – now updated with 3Q 12 data. We’ll be adding a chart library for this market area soon!




The Elliman Report: 3Q 2012 Boca Raton [Miller Samuel]
The Elliman Report: 3Q 2012 Boca Raton [Douglas Elliman]
Aggregated Custom Market Data Tables [Miller Samuel]


[Breaking Out] 2Q 2012 Boca Raton Report

July 31, 2012 | 8:34 pm | delogo | Reports |

We published our inaugural report on the Boca Raton, Florida sales market for 2Q 2012.   This is part of an evolving market report series I’ve been writing for Douglas Elliman since 1994.

Key Points

Boca Raton, Florida

-All condo price indicators were up year-over-year.
-Condo sales below year ago quarter but second highest sales level in more than 6 years.
-Condos sold two weeks faster that the year ago quarter, taking an average of 158 days.
-Single family price indicators were mixed as the number of sales edged higher.
-Median sales price in luxury market (top 10%) outpaced the overall market.

Here’s an excerpt from the report:

CONDO/TOWNHOUSE Median sales prices was $125,000, its highest level in two years, and up 9.4% from $114,250 in the prior year quarter. Average sales price and price per square foot followed the same pattern. Number of sales were 8.1% below prior year levels, but represented 54.2% of all market sales…

SINGLE FAMILY Median sales price slipped 1.7% to $285,000 from prior year levels, while average sales price increased 1.5% to $518,485 over the same period. Number of sales were 1.5% above prior year levels and represented 45.8% of all market sales….

You can build your own custom data tables on the market – now updated with 2Q 12 data. We’ll be adding a chart library for this market area soon!




The Elliman Report: 2Q 2012 Boca Raton [Miller Samuel]
The Elliman Report: 2Q 2012 Boca Raton [Douglas Elliman]
Aggregated Custom Market Data Tables [Miller Samuel]