Welcome to our latest monthly sales report for June 2016! Our reports take pleasure in including all the sales of each individual building in the Downtown area. If you’re interested in a personal copy or would like an extensive report on any of the featured developments call us today at 305-305-3885 or send us a message here. Don’t see your community? Let us know and we will have it featured for you! Properties were listed and sold by various South Florida MLS participants from June 1st to June 30th, 2016.
First and foremost, I apologize in advance for the delay. In addition to running the site, I’ve also been running all over town servicing both my listings and buyers. It’s sometimes tricky to handle so much but I make it work somehow.
On the bright side, now that June is long gone I can be certain that every deal is closed an accounted for and it’s safe to say it was a very active month in the market. In total, 46 sales closed during the 30 day period, with a total dollar volume in excess of $22 million dollars. Despite the fact that multiple variables can alter the course of how markets interact, I believe that the surge in sales is partly due to price reductions and adjustments among the listings. Based on the inventory sheet, 29 of the 46 listings, or 64% of all listings that sold, had a price reduction prior to going under contract.
As time goes by, I hope that more and more Sellers continue paying attention to the current market statistics and proceed with a realistic asking price.
For the breakdown on sales please see below (buildings with no sales for the month are not included on the list, better luck next month!). In addition, I also want to mention that I set up the data differently this month. Let me know if this is a better way!
June 2016 Sales Report – Downtown Miami
Highest Priced Sale: One Miami #3809 – $1,700,000
|Complex Name||List Price||#Beds||#FB||#HB||Address||Sale Price|
|Ten Museum Park||989,000||2||2||1||#1501||885,000|
|Quantum On The Bay||899,000||3||3||1||#PH4901||873,500|
|Ten Museum Park||539,713||2||2||1||#4106||505,000|
|900 Biscayne Bay||530,000||1||2||0||#2805||490,000|
|900 Biscayne Bay||529,000||1||2||0||#4505||480,000|
|900 Biscayne Bay||515,000||1||2||0||#2903||490,000|
|Quantum On The Bay||429,900||2||2||#4011||415,000|
|900 Biscayne Bay||415,000||2||2||#2610||407,500|
|900 Biscayne Bay||400,000||1||2||0||#3610||395,000|
|Quantum On The Bay||390,000||2||2||1||#2714||380,000|
|Quantum On The Bay||275,000||1||1||1||#4019||255,000|
|Flagler First Condo||149,900||0||1||#306||149,900|
Source: Miami Association of Realtors. Information deemed reliable but not guaranteed
As always, We hope you enjoyed the June 2016 sales report and hope you find it useful! We look forward to hearing from you again for our July sales report. It shouldn’t be long before then.
Downtown Miami real estate is our expertise. As local specialists in the area, we strive to give you an advantage over the competition. Email us today or call us at 305-305-3885 to discuss.
Lastly, thank you for reading The Miami Observer!