2014market report
ONE | SOTHEBY’S INTERNATIONAL REALT Y
TRENDS is now trending.
In 2010, our first TRENDS piece launched to provide quality real estate trends by area in a market that was
recovering one neighborhood at a time. Four years later, we would like to redefine our TRENDS to incorporate a
longer and broader look at what is truly trending. To that end, we now include a 4-year history by neighborhood
so that the full recovery trend is visible. We have added some of South Florida’s global real estate statistics in the
international spotlight section, because our market is only one degree of separation from these feeder markets.
Finally, we are including new construction data. Both because it is a significant portion of current inventory and
because this market does drive resale real estate trends. Please note the new format changes as well. The market
overview charts provide additional information in an easy-to-read format.
With the evolution of this market report, we also realize that the world is now defined by social media and the use
of hashtags is widespread. With a single hashtag, trending topics are easily accessible by anyone in the world. The
current use of the internet has taken globalization and the transfer of information to a new level. Acknowledging
the importance of consistent market updates, we will be publishing ongoing statistics of all major South Florida
communities in our social media accounts as they occur, with the hashtag #ONEretrend.
For the 2014 market report, you will see that most areas are fully recovered. Inventory is approaching a more
sustainable and balanced level and the rate of increase in pricing is slowing. The mid-priced market was the true
winner in 2013, with that last bit of recovery happening in the $250,000 - $500,000 price range, which posted more
than a 35% increase in sales in both Miami-Dade and Broward counties for the year. The full rebound of the mid
market is the sign of a fully recovered market.
Looking forward to 2014, prices should continue to flatten as inventory continues to build. However, this is not
a bad sign, as double digit price increases are not healthy or sustainable over the long run. A healthy projection
should be a chart that mirrors a staircase: repeated moderate increases followed by a short-lived plateau. This year
will be a run until the next rise. Grow, adjust, grow, adjust… it is a healthy beat signifying a stable economy.
Estate Agent
[email protected] www.sethfeuer.com
Seth Feuer
03
facebook.com/onesothebysrealty
@ONESIR
@ONESIR
google.com/+onesothebysrealty
pinterest.com/onesothebys
youtube.com/onesothebys
Look for #ONEretrend for more statistics throughout the year.
HILLSBORO BEACH
LIGHTHOUSE POINT
BAY COLONYLAUDERDALE BY THE SEA
FORT LAUDERDALE BEACH
CORAL RIDGE
VICTORIA PARKLAS OLAS ISLES
RIO VISTAHARBOR BEACH
HOLLYWOOD BEACH
HALLANDALE BEACHGOLDEN BEACH
AVENTURA
SUNNY ISLES
NORTH BEACHBal Harbour
MID BEACHPine Tree Drive and North Bay Road
SOUTH BEACHSouth of Fifth
THE ISLANDSFisher IslandPalm / Hibiscus / Star IslandsVenetian IslandsSunset IslandsLa Gorce IslandIndian CreekBay Harbor
MIDTOWN
DOWNTOWNBRICKELL
KEY BISCAYNE
COCONUT GROVE
CORAL GABLESCocoplumGables EstatesSnapper Creek LakesOld CutlerPonce Davis / High PinesDeering Bay
PINECREST
PALMETTO BAY
Broward
Miami-Dade
WESTON
Market Overview
Market Highlights
Miami-Dade
Broward
Community Profiles: Snapshot
In-Depth Look: Community Profiles
Miami / South
Coconut Grove
Coral Gables
Pinecrest
Palmetto Bay
Downtown
Key Biscayne
Brickell
Downtown
Midtown
Miami Beach
South Beach
Mid Beach
North Beach
The Islands
Miami / North
Golden Beach
Sunny Isles
Aventura
Broward County
Fort Lauderdale
Las Olas Isles
Harbor Beach
Fort Lauderdale Beach
Rio Vista
Victoria Park
Bay Colony
Weston
Coral Ridge
Lauderdale by the Sea
Hollywood / Hallandale Beaches
Hillsboro Beach
Lighthouse Point
Pre-Construction Highlights
International Spotlight
About ONE | Sotheby’s International Realty
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M A R K E T O V E R V I E W
2 0 1 3 I N R E V I E W : M O N T H T O M O N T H
$300
$250
$200
$150
$100
$50
$0
For Sale $/SF
18,000
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
Sold
M I A M I - D A D E
Sol
d /
For
Sal
eP
rice per S
qu
are Foot
$300
$250
$200
$150
$100
$50
$0
For Sale $/SF
18,000
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
Sold
B R O W A R D
Sol
d /
For
Sal
eP
rice per S
qu
are Foot
06
S U P E R L U X U R Y : O N T H E R I S E
2010 2011 2012 2013
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0
Single-Family Homes Condos
PR
OP
ER
TIE
S S
OLD
| $
1M -
$5M
2010 2011 2012 2013
100
90
80
70
60
50
40
30
20
10
0
Single-Family Homes Condos
2010 2011 2012 2013
30
25
20
15
10
5
0
Single-Family Homes Condos
PR
OP
ER
TIE
S S
OLD
| $
5M -
$10
MP
RO
PE
RT
IES
SO
LD |
$10
M+
2010 2011 2012 2013
Single-Family Homes Condos
1,400
1,200
1,000
800
600
400
200
0
PR
ICE
/ SQ
. FT
. | $1M
- $5M
2010 2011 2012 2013
2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0
Single-Family Homes Condos
PR
ICE
/ SQ
. FT
. | $5M
- $10
M
2010 2011 2012 2013
3,000
2,500
2,000
1,500
1,000
500
0
Single-Family Homes Condos
PR
ICE
/ SQ
. FT
. | $10
M+
07
M A R K E T H I G H L I G H T S
31,909# TRANSACTIONS
W 8.0%compared to 2012
29,952# TRANSACTIONS
W 5.8%compared to 2012
$273AVG. PRICE/SF
W 8.3%compared to 2012
$155AVG. PRICE/SF
W 15.3%compared to 2012
M I A M I - D A D E 2 0 1 3 B R O W A R D 2 0 1 3
LA GORCE ISLAND
$1,692HIGHEST
AVG. PRICE/SF
HILLSBORO BEACH
$919HIGHEST
AVG. PRICE/SF
Hillsboro Beach
08
2010 2011 2012 2013 2014
$407K
$314K
$222K
$129K
Miami Fort Lauderdale US
M E D I A N S A L E P R I C E | A L L H O M E S
2011 2012 2013 2014
$2.39
$1.86
$1.33
$0.80
Miami Fort Lauderdale US
M E D I A N R E N T A L L I S T I N G $ / S F | A L L H O M E S
09
M I A M I - D A D E R E S I D E N T I A L M A R K E T
2010 2011 2012 2013
$314
$125
$387$371
$133$156
$450
$400
$350
$300
$250
$200
$150
$100
$50
$0966 1,036 1,130819
$127
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0 10,335 10,998 12,4639,083
$292
waterfront (W) non-waterfront (N)
2010 2011 2012 2013
$309
$105
$358
$411
$130$155
$450
$400
$350
$300
$250
$200
$150
$100
$50
$06,806 7,284 7,3735,481
$104
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0 10,727 10,226 10,9438,680
$287
waterfront (W) non-waterfront (N)
W 9%# Transactions
Waterfront
W 13%# Transactions
Non-Waterfront
X 4%Price/Sq. Ft.Waterfront
W 17%Price/Sq. Ft.
Non-Waterfront
SIN
GLE
-FA
MIL
Y H
OM
ES
CO
ND
OM
INIU
MS
W 1%# Transactions
Waterfront
W 7%# Transactions
Non-Waterfront
W 15%Price/Sq. Ft.Waterfront
W 19%Price/Sq. Ft.
Non-Waterfront
% Change from 2012 to 2013
% Change from 2012 to 2013
Numbers by Trendgraphix©
10
B R O W A R D R E S I D E N T I A L M A R K E T
2010 2011 2012 2013
$172
$110
$178
$200
$116
$134
$250
$200
$150
$100
$50
$02,897 3,240 3,5132,681
$115
12,000
10,000
8,000
6,000
4,000
2,000
08,884 9,669 10,5108,411
$175
waterfront (W) non-waterfront (N)
2010 2011 2012 2013
$144
$76
$159
$182
$84
$102
$250
$200
$150
$100
$50
$06,074 6,007 6,3355,721
$79
12,000
10,000
8,000
6,000
4,000
2,000
09,797 9,387 9,5949,360
$148
waterfront (W) non-waterfront (N)
SIN
GLE
-FA
MILY
HO
ME
SC
ON
DO
MIN
IUM
S
W 8%# Transactions
Waterfront
W 9%# Transactions
Non-Waterfront
W 12%Price/Sq. Ft.Waterfront
W 16%Price/Sq. Ft.
Non-Waterfront
W 5%# Transactions
Waterfront
W 2%# Transactions
Non-Waterfront
W 14%Price/Sq. Ft.Waterfront
W 21%Price/Sq. Ft.
Non-Waterfront
% Change from 2012 to 2013
% Change from 2012 to 2013
Numbers by Trendgraphix©
11
C O M M U N I T Y P R O F I L E S : S N A P S H O TS
ING
LE-F
AM
ILY
HO
ME
S # Trans. Avg. Sale $ Avg. $/SF
2010 43 $3,170,789 $469
2011 137 $1,777,918 $370
2012 193 $1,954,528 $406
2013 217 $3,797,811 $388
Change g12% g94% h4%
CO
ND
OM
INIU
MS
# Trans. Avg. Sale $ Avg. $/SF
2010 16 $854,697 $326
2011 69 $692,162 $302
2012 143 $761,796 $357
2013 158 $758,487 $374
Change g10% 0% g5%
COCONUT GROVE
CORAL GABLES ($500K+)
SIN
GLE
-FA
MIL
Y H
OM
ES # Trans. Avg. Sale $ Avg. $/SF
2010 343 $1,816,014 $397
2011 326 $1,786,483 $394
2012 570 $2,051,202 $433
2013 643 $1,969,151 $441
Change g13% h4% g2%
CO
ND
OM
INIU
MS
# Trans. Avg. Sale $ Avg. $/SF
2010 34 $1,088,676 $357
2011 17 $888,059 $321
2012 106 $1,014,212 $379
2013 56 $1,003,036 $397
Change h47% h1% g5%
PINECREST
SIN
GLE
-FA
MIL
Y H
OM
ES # Trans. Avg. Sale $ Avg. $/SF
2010 45 $1,335,661 $257
2011 187 $1,475,021 $353
2012 225 $1,191,150 $297
2013 242 $949,988 $252
Change g8% h20% h15%
# Trans. Avg. Sale $ Avg. $/SF
2010 55 $411,292 $139
2011 210 $366,096 $125
2012 342 $380,836 $125
2013 291 $457,814 $159
Change h15% g20% g27%
PALMETTO BAY
SIN
GLE
-FA
MILY
HO
ME
SBRICKELL
Change: comparison between 2012 & 2013 statistics.
South Florida is comprised of several prominent communities, which are greatly influential and indicative of the
market’s overall health. Areas such as Coral Gables and Coconut Grove in Miami-Dade carry a great deal of weight
in the general statistics of the county. The tables below demonstrate market trends for the main areas of focus in
Miami-Dade and Broward. These communities are reviewed in further detail in the following section.
12
COCONUT GROVE
CORAL GABLES ($500K+)
CO
ND
OM
INIU
MS
# Trans. Avg. Sale $ Avg. $/SF
2010 76 $265,953 $241
2011 475 $250,857 $227
2012 897 $294,365 $278
2013 983 $394,164 $246
Change g10% g34% h12%
CO
ND
OM
INIU
MS
# Trans. Avg. Sale $ Avg. $/SF
2010 33 $191,334 $169
2011 212 $181,664 $169
2012 410 $248,789 $242
2013 506 $348,426 $340
Change g23% g40% g40%
MIAMI BEACH
SIN
GLE
-FA
MIL
Y H
OM
ES # Trans. Avg. Sale $ Avg. $/SF
2010 180 $1,854,809 $444
2011 177 $2,281,900 $531
2012 295 $2,416,577 $526
2013 343 $2,588,201 $635
Change g16% g7% g21%
CO
ND
OM
INIU
MS
# Trans. Avg. Sale $ Avg. $/SF
2010 2,094 $436,636 $409
2011 1,495 $420,528 $388
2012 2,828 $473,808 $446
2013 2,905 $504,216 $420
Change g3% g6% h6%
THE ISLANDS | MIAMI BEACH
SIN
GLE
-FA
MIL
Y H
OM
ES # Trans. Avg. Sale $ Avg. $/SF
2010 10 $3,376,567 $583
2011 26 $4,407,039 $419
2012 55 $9,904,592 $993
2013 41 $8,074,179 $659
Change h25% h18% h34%
# Trans. Avg. Sale $ Avg. $/SF
2010 20 $1,241,000 $592
2011 48 $2,751,313 $767
2012 82 $2,230,244 $777
2013 78 $2,797,833 $874
Change h5% g25% g12%
SIN
GLE
-FA
MILY
HO
ME
SS
ING
LE-F
AM
ILY
HO
ME
S # Trans. Avg. Sale $ Avg. $/SF
2010 1 $420,000 $1,380
2011 1 $2,250,000 $251
2012 4 $490,500 $173
2013 12 $1,087,908 $351
Change g200% g122% g103%
CO
ND
OM
INIU
MS
# Trans. Avg. Sale $ Avg. $/SF
2010 125 $354,748 $267
2011 623 $348,254 $293
2012 1,135 $396,957 $346
2013 1,123 $477,557 $328
Change h1% g20% h5%
BRICKELL
DOWNTOWN MIDTOWN
13
SIN
GLE
-FA
MIL
Y H
OM
ES # Trans. Avg. Sale $ Avg. $/SF
2010 26 $3,976,176 $878
2011 43 $3,914,092 $1,237
2012 74 $4,376,787 $897
2013 63 $4,528,437 $964
Change h15% g3% g7%
CO
ND
OM
INIU
MS
# Trans. Avg. Sale $ Avg. $/SF
2010 36 $595,910 $360
2011 120 $725,804 $416
2012 290 $828,034 $473
2013 224 $860,659 $545
Change h23% g4% g15%
KEY BISCAYNE
AVENTURA
SIN
GLE
-FA
MIL
Y H
OM
ES # Trans. Avg. Sale $ Avg. $/SF
2010 31 $806,342 $269
2011 18 $673,975 $236
2012 35 $826,373 $285
2013 48 $925,333 $321
Change g37% g12% g12%
CO
ND
OM
INIU
MS
# Trans. Avg. Sale $ Avg. $/SF
2010 475 $377,961 $227
2011 465 $356,359 $219
2012 959 $390,097 $233
2013 937 $530,460 $277
Change h2% g36% g19%
SUNNY ISLES
CO
ND
OM
INIU
MS
# Trans. Avg. Sale $ Avg. $/SF
2010 76 $546,310 $340
2011 397 $531,374 $354
2012 817 $636,968 $421
2013 751 $731,979 $433
Change h8% g15% g3%
# Trans. Avg. Sale $ Avg. $/SF
2010 4 $2,234,250 $566
2011 17 $1,804,750 $264
2012 11 $3,169,217 $494
2013 17 $3,020,479 $620
Change g55% h5% g26%
GOLDEN BEACH
SIN
GLE
-FA
MILY
HO
ME
SC O M M U N I T Y P R O F I L E S : S N A P S H O T
14
KEY BISCAYNE
AVENTURA
SIN
GLE
-FA
MIL
Y H
OM
ES # Trans. Avg. Sale $ Avg. $/SF
2010 1,159 $617,785 $237
2011 1,223 $656,310 $208
2012 1,600 $670,987 $114
2013 1,809 $755,799 $185
Change g13% g13% g63%
CO
ND
OM
INIU
MS
# Trans. Avg. Sale $ Avg. $/SF
2010 1,324 $267,191 $258
2011 1,304 $252,062 $245
2012 1,900 $281,714 $228
2013 2,085 $327,744 $265
Change g10% g16% g16%
HOLLYWOOD / HALLANDALE BEACHES
SIN
GLE
-FA
MIL
Y H
OM
ES # Trans. Avg. Sale $ Avg. $/SF
2010 6 $317,267 $157
2011 32 $448,547 $179
2012 45 $539,067 $149
2013 50 $699,625 $216
Change g11% g30% g45%
CO
ND
OM
INIU
MS
# Trans. Avg. Sale $ Avg. $/SF
2010 177 $236,027 $281
2011 513 $214,007 $241
2012 934 $225,263 $234
2013 848 $260,190 $259
Change h9% g16% g11%
HILLSBORO
# Trans. Avg. Sale $ Avg. $/SF
2010 5 $6,430,000 $743
2011 2 $5,950,000 $773
2012 2 $13,075,000 $1,296
2013 4 $5,631,250 $919
Change g100% h57% h29%
FORT LAUDERDALE
SIN
GLE
-FA
MIL
Y H
OM
ES
LIGHTHOUSE POINT
# Trans. Avg. Sale $ Avg. $/SF
2010 80 $621,015 $235
2011 50 $700,287 $207
2012 81 $674,857 $211
2013 98 $786,875 $257
Change g21% g9% g22%
SIN
GLE
-FA
MILY
HO
ME
S
15
M I A M I / S O U T HCoral Gables, known as the “ City Beautiful”, is home to historical architecture, museums, art galleries and world-class dining. With exclusive communities such as Coco Plum and Gables Estates, it continues to be one of the finest places to live in Miami. This area offers excellent schools, high-end shopping in the Village of Merrick Park, and fine dining along the ever-popular Miracle Mile. Coral Gables and its surrounding neighborhoods provide the ideal residence for families and young professionals alike.
C O C O N U T G R O V E / C O R A L G A B L E S / P I N E C R E S T / P A L M E T T O B AY
16
W: $788,779N: $734,813
W: $816,580N: $700,393
W: $3,176,571N: $732,484
W: $6,687,500N: $908,122
$409
14 2 61 8 115 28 105 53
2010 2011 2012 2013
$380
$223
120
100
80
60
40
20
0
$418
$443
$296 $304
$550
$450
$350
$250
$150
$243
waterfront (W) non-waterfront (N): $500K+
$693
5 38 6 131 7 186 2 215
2010 2011 2012 2013
$480
$259
250
200
150
100
50
0
$545
$440
$266
$335
$700
$600
$500
$400
$300
$200
$100
$244
waterfront (W) non-waterfront (N)
COCONUT GROVE: SINGLE-FAMILY HOMES
COCONUT GROVE: CONDOS
W: $5,665,000
N: $676,577
W: $2,870,000N: $685,835
W: $661,893
N: $1,047,500
W: $739,211N: $645,313
Coconut Grove waterfront and non-waterfront condos have consistently increased in price since 2011, as has the number of transactions. With luxury condo developments set to debut in the next couple of years, condo prices are sure to continue to rise.
Although it appears that waterfront homes dropped in avg. price/square foot in 2013, the small sampling of only two homes is not a good indicator of its overall health. With an average sale price of about $6.7 million in 2013, Coconut Grove proves to be an extremely desirable residential area.
C O C O N U T G R O V E
Avg. Sale Price20
1120
1020
1220
13
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: w 111% N: W 24%
# TRANSACTIONS
W: X 71% N: W 16%
AVG. $/SF
W: X 19% N: W 26%
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: W 4% N: X 5%
# TRANSACTIONS
W: X 9% N: W 89%
AVG. $/SF
W: W 6% N: W 3%
W: Waterfront N: Non-waterfront
17
W: $1,495,444N: $737,344
W: $2,184,444
N: $673,810
$528
9 21 5 12 18 25 16 35
2010 2011 2012 2013
$382
$290
40
35
30
25
20
15
10
5
0
$440
$481
$307
$354
$550
$500
$450
$400
$350
$300
$250
$200
$257
waterfront (W) non-waterfront (N)
$264
$529
48 295 45 281 84 486 76 567
2010 2011 2012 2013
$507
$281
600
500
400
300
200
100
0
$598$576
$267
$305
$650
$600
$550
$500
$450
$400
$350
$300
$250
$200
$150
waterfront (W) non-waterfront (N)
CORAL GABLES: SINGLE-FAMILY HOMES
CORAL GABLES: CONDOS
W: $1,223,000N: $738,500
W: $1,664,531N: $731,671
Historic Coral Gables has long been a desirable residential area, and 2013 was no exception. While the average sales price and the average price per square foot for waterfront homes dropped slightly in 2013, median sale prices increased 4% from 2012, displaying a steady uptrend for this area.
Condos only account for about 33% of all Coral Gables residences, but market trends display steady growth since 2010. Although the number of waterfront transactions slightly dipped in 2013, an increased avg. price per square foot and median sale price of $1,360,000 are positive indicators.
Avg. Sale Price
W: $2,744,387N: $828,57920
11
W: $2,923,495
N: $708,5332010
W: $3,387,174N: $715,22920
12
W: $3,107,759N: $830,54220
13
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: X 8% N: W 16%
# TRANSACTIONS
W: X 10% N: W 17%
AVG. $/SF
W: X 4% N: W 14%
2012 - 2013 % CHANGE
AVG. SALE PRICE # TRANSACTIONS AVG. $/SF
W: w 11% N: x 1% W: X 11% N: W 40% W: w 9% N: w 15%
C O R A L G A B L E S
Avg. Sale Price
2011
2010
2012
2013
W: Waterfront N: Non-waterfront
18
$9,888,182
$7,146,000
W: $3,243,145N: $1,583,333
W: $3,336,173N: $2,368,588
$4,150,000
$5,243,633
$694
1 3 11 7
2010 2011 2012 2013
$935
12
11
10
9
8
7
6
5
4
3
2
1
0
$988 $928
$1,000
$950
$900
$850
$800
$750
$700
$650
$600
all properties
$507
4 4 7 14 11 6 14 9
2010 2011 2012 2013
$594
$382
18
16
14
12
10
8
6
4
2
0
$529$547
$316
$407
$600
$550
$500
$450
$400
$350
$300
$250
$368
waterfront (W) non-waterfront (N)
COCOPLUM: SINGLE-FAMILY HOMES
GABLES ESTATES: SINGLE-FAMILY HOMES
W: $3,318,750
N: $2,247,188
W: $4,303,571N: $1,908,929
200 acres of some of the best and most desirable Coral Gables real estate lie within Gables Estates, off beautiful Old Cutler Road. These large homes have been consistently selling above $900 per foot for the past three years, well over the area average. 2014 promises to follow a similar trend.
An exclusive enclave in the heart of Coral Gables, the islands of Cocoplum house beautiful single-family homes. While waterfront homes are in line with the overall Coral Gables average, non waterfront homes in this community are about $100 per foot more than the rest of the area.
C O R A L G A B L E S
Avg. Sale Price20
1120
1020
1220
13
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: w 3% N: W 50%
# TRANSACTIONS
W: w 27% N: W 50%
AVG. $/SF
W: w 3% N: W 29%
2012 - 2013 % CHANGE
AVG. SALE PRICE
x 28%
# TRANSACTIONS
x 36%
AVG. $/SF
x 6%
W: Waterfront N: Non-waterfront
19
OLD CUTLER COMMUNITIES: SINGLE-FAMILY HOMES
SNAPPER CREEK L AKES: SINGLE-FAMILY HOMES
4 6
2012 2013
8
7
6
5
4
3
2
1
0
$661
$673
$700
$690
$680
$670
$660
$650
$640
$630
$620
$610
$600
waterfront (W)
$496
1 4 2 4 1
2011 2012 2013
5
4
3
2
1
0
$426
$345
$471$500
$460
$420
$380
$340
$300
$438
4
$374
waterfront (W) non-waterfront (N)
W: $4,550,000
W: $3,176,250
W: $8,000,000N: $2,986,563
W: $3,100,000N: $2,456,250
W: $4,200,000N: $2,896,250
Snapper Creek Lakes is a private community with a mere 124 residences, many of which are on lakes or on a canal with quick access to Biscayne Bay. Four of the five transactions closed in 2013 were for non-waterfront homes at an avg. of $471 per square foot, an increase of 37% from 2012.
This prestigious gated community offers large waterfront homes set in expansive lots with close proximity to the heart of Coral Gables. This small community had the most transactions in 2013 and closed at an average of $673 per foot. There were no transactions in 2010 or 2011.
W: NAN: NA
W: NA
W: NA
C O R A L G A B L E S
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: w 35% N: W 18%
# TRANSACTIONS
W: X 50% N: 0%
AVG. $/SF
W: X 12% N: W 37%
2012 - 2013 % CHANGE
AVG. SALE PRICE # TRANSACTIONS AVG. $/SF
W: w 43% W: w 50% W: w 2%
Avg. Sale Price
2011
2010
2012
2013
W: Waterfront N: Non-waterfront
20
$325
7 26 43 48
2010 2011 2012 2013
$336 $336
$302
50
40
30
20
10
0
$350
$325
$300
$275
non-waterfront (N)
PONCE DAVIS, HIGH PINES: SINGLE-FAMILY HOMES
DEERING BAY: CONDOS
$298
1 4 3
2010 2011 2012 2013
$332
$221
15
10
5
0
$340
$345$341
$285
$400
$300
$200
$100
$04 1 12 80
waterfront (W) non-waterfront (N)
W: $925,375
N: NA
W: $1,400,000N: $607,000
W: $1,098,846N: $988,688
W: $1,058,938N: $923,333
N: $1,147,386
N: $1,243,900
N: $1,270,581
N: $1,631,271
Home to beautiful residences and an Arnold Palmer golf course, Deering Bay offers residents the ideal lifestyle. The average price per square foot for waterfront transactions has been steadily on the rise since 2010, while non-waterfront transactions are too few to accurately portray true value.
Sitting just outside the city limits of South Miami and Coral Gables, this area offers large homes amidst lush landscaping and close proximity to the area’s best schools. With average sale prices below those of neighboring communities, the Ponce-Davis, High Pines area is a hidden gem.
C O R A L G A B L E S
Avg. Sale Price20
1120
1020
1220
13
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
N: W 28%
# TRANSACTIONS
N: W 12%
AVG. $/SF
N: x 10%
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: x 4% N: x 7%
# TRANSACTIONS
W: x 33% N: x 25%
AVG. $/SF
W: w 1% N: x 16%
W: Waterfront N: Non-waterfront
21
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
N: W 20%
# TRANSACTIONS
N: x 15%
AVG. $/SF
N: W 27%
2012 - 2013 % CHANGE
AVG. SALE PRICE # TRANSACTIONS AVG. $/SF
W: x 46% N: W 17% W: x 24% N: W 11% W: x 33% N: W 12%
Avg. Sale Price
2011
2010
2012
2013
$270
3 42 6 181
21
20416
226
2010 2011 2012 2013
$466
$240
250
200
150
100
50
0
$364
$230$245
$500
$400
$300
$200
$100
$0
$243
waterfront (W) non-waterfront (N)
$258
$139
55 210 342 291
2010 2011 2012 2013
$125
350
300
250
200
150
100
50
0
$125
$159
$200
$175
$150
$125
$100
non-waterfront (N)
PALMET TO BAY: SINGLE-FAMILY HOMES
PINECREST: SINGLE-FAMILY HOMES
W: $1,531,047
N: $1,140,275
W: $1,944,167N: $1,005,875
W: $1,416,720N: $965,579
W: $768,959N: $1,131,017
N: $411,292
N: $366,096
N: $380,836
N: $457,814
The village of Palmetto Bay lies South of Pinecrest. Although the number of transactions in this area dropped by 15%, the average sales price and the average price per square foot increased 20% and 27% respectively, representing a great recovery from the 2010-2011 dip.
This community, currently about 8 square miles large, is now expanding west with new developments set to launch over the next few years. Recent trends show that non-waterfront homes are the strongest sector of the Pinecrest market with a 17% increase in average sale prices in 2013.
S O U T H M I A M I
W: Waterfront N: Non-waterfront
22
Vizcaya Museum & Gardens
D O W N T O W NKey Biscayne, the luxurious residential island located on Biscayne Bay, is known for its beautiful views, beaches and quaint lifestyle with an international flair. The number of transactions for condos and single-family homes in Key Biscayne dropped in 2013 compared to the years prior. However, the average price per square foot increased across the board for all properties from 2012.
Greater Downtown Miami has become the place to see and be seen due to its recent growth. New developments and iconic cultural centers include the Perez Art Museum in Downtown Miami and Brickell City Centre, which will offer 5.4 million square feet of high-end commercial, residential and hotel space in the center of the Financial District. These areas will continue to thrive tremendously with the introduction of additional fine dining, entertainment and luxury living with exclusive condominiums such as One Thousand Museum designed by renowned architect Zaha Hadid.
K E Y B I S C A Y N E / B R I C K E L L / D O W N T O W N / M I D T O W N
Picture provided by One Thousand Museum.
24
279
88 32 217 73 157 67
2010 2011 2012 2013
$286
250
200
150
100
50
0
$375
$445
$700
$600
$500
$400
$300
$200
$262
$458
$545$570
$645
waterfront (W) non-waterfront (N)
$1,265
4 22 5 38 16 58 8 55
2010 2011 2012 2013
$573
60
50
40
30
20
10
0
$580$689
$2,000
$1,500
$1,000
$500
$0
$490
$1,901
$1,214 $1,239
waterfront (W) non-waterfront (N)
KEY BISCAYNE: SINGLE-FAMILY HOMES
KEY BISCAYNE: CONDOS
W: $913,041
N: $278,778
W: $1,120,685N: $330,922
W: $1,105,673N: $550,395
W: $1,125,631N: $595,686
W: $6,523,875
N: $1,428,477
W: $6,160,000N: $1,668,184
W: $6,998,625N: $1,754,948
W: $6,845,000N: $2,211,873
The avg. price per square foot to acquire a waterfront condo in Key Biscayne increased by 13% in 2013. The decrease in the number of closed transactions from 217 in 2012 to 157 in 2013 is due to a lack of inventory, in the area. With the eminent launch of a new condo, the area’s value is sure to rise.
Waterfront homes in this lavish island have brought in over $1,000 per square foot over the past 4 years. While the average spiked in 2011, the average sale prices were consistently in the $6M range. Non-waterfront homes were the bulk of the transactions, where prices have steadily increased.
K E Y B I S C AY N E
Avg. Sale Price20
1120
1020
1220
13
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: x 2% N: W 26%
# TRANSACTIONS
W: X 50% N: x 5%
AVG. $/SF
W: w 2% N: W 19%
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: W 2% N: w 8%
# TRANSACTIONS
W: X 28% N: x 8%
AVG. $/SF
W: W 13% N: W 19%
W: Waterfront N: Non-waterfront
25
$336
3 31 6 202
21
37916
347
2010 2011 2012 2013
$336
$250
800
700
600
500
400
300
200
100
0
$382
$318$310
$337
$400
$300
$200
$100
$0
$198
94 421 756 776
waterfront (W) non-waterfront (N)
1 1 4 12
2010 2011 2012 2013
$251
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0
$173
$351
$400
$300
$200
$100
$138
non-waterfront (N)
BRICKELL: SINGLE-FAMILY HOMES
BRICKELL: CONDOS
W: $501,673
N: $207,823
W: $451,628N: $244,879
W: $502,870N: $291,043
W: $590,115N: $364,999
N: $420,000
N: $2,250,000
N: $490,500
N: $1,087,908
Brickell is an urban neighborhood just South of Downtown Miami and North of Coconut Grove. With a few single-family homes in the area and a great deal of development with new restaurants and entertainment, it is no wonder prices soared in 2013 with an avg. sale price of over $1 million.
Historic Brickell Avenue, once home to lavish mansions, is now lined with luxury condos. The area has greatly developed over the years, becoming one of the largest financial districts in the US. An ideal area to live, prices will surely rise with the debut of mega projects like Brickell City Centre.
B R I C K E L L / D O W N T O W N
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
N: W 122%
# TRANSACTIONS
N: W 200%
AVG. $/SF
N: W 110%
2012 - 2013 % CHANGE
AVG. SALE PRICE # TRANSACTIONS AVG. $/SF
W: w 11% N: w 25% W: w 80% N: x 8% W: w 14% N: w 9%
Avg. Sale Price
2011
2010
2012
2013
W: Waterfront N: Non-waterfront
26
$274
3 27 6 173 316 359
2010 2011 2012 2013
$273
$180
700
600
500
400
300
200
100
0
$316
$188
$240
$304
$400
$300
$200
$100
$0
$207
49 302 581 624
waterfront (W) non-waterfront (N)
$260
16 1 527
89 5 16912
2010 2011 2012 2013
$261
$240
200
160
120
80
40
0
$307
$479
$247
$412
$500
$400
$300
$200
$100
$248
waterfront (W) non-waterfront (N)
BRICKELL KEY: CONDOS
DOWNTOWN: CONDOS
W: $344,980
N: $186,296
W: $328,559N: $173,154
W: $369,304N: $219,426
W: $482,103N: $306,225
W: $335,781
N: $410,000
W: $303,187N: $233,143
W: $343,809N: $239,800
W: $631,537N: $445,773
Downtown Miami is a highly sought-after area with the surge of cultural centers such as the Adrienne Arsht Center, the Perez Art Museum and the American Airlines Arena. With record-breaking prices by condos such as One Thousand Museum, Downtown’s value looks highly promising.
Brickell Key, with just twelve condo towers and no remaining buildable land, has skyrocketed with the development of Brickell and Downtown Miami. This small, exclusive island will undoubtedly continue to rise in value over the next few years.
B R I C K E L L / D O W N T O W N
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: w 84% N: W 86%
# TRANSACTIONS
W: w 90% N: W 140%
AVG. $/SF
W: w 56% N: W 67%
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: w 31% N: W 40%
# TRANSACTIONS
W: w 7% N: W 14%
AVG. $/SF
W: x 41% N: W 27%
W: Waterfront N: Non-waterfront
Avg. Sale Price20
1120
1020
1220
13
27
0
2010 2011 2012 2013
$393
$274
$509 $592
$219
$269
$600
$500
$400
$300
$200
$100
$09 8 126
$182
100
90
80
70
60
50
40
30
20
10
065 76 9876
$419
waterfront (W) non-waterfront (N)
$189
18 15 6 75
21
153 201
2010 2011 2012 2013
$179
$158
350
300
250
200
150
100
50
0
$257
$348
$229
$332
$400
$300
$200
$100
$0
$149
137 257 305
waterfront (W) non-waterfront (N)
MIDTOWN / BISCAYNE CORRIDOR: ALL CONDOS
UPPER EAST SIDE: SINGLE-FAMILY HOMES
W: $241,168
N: $141,500
W: $201,782N: $161,545
W: $275,270N: $222,308
W: $381,154N: $315,697
W: $2,315,833N: $411,140
W: $1,473,888N: $365,361
W: $2,190,000N: $538,977
W: $2,851,154N: $628,601
As neighboring Downtown Miami and Brickell continue to thrive, residents are seeking homes in close proximity. Biscayne Corridor has greatly developed over the years with new luxury condos, as has Midtown with the introduction of several world-class restaurants and boutiques.
Belle Meade, Bay Point, Morningside, and the Design District have become known as Miami’s Upper East Side. This up-and-coming area has grown over the past years and sale prices have reached nearly $600 per foot for waterfront homes and over $250 per foot for non-waterfront homes.
M I D T O W N
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: w 38% N: W 42%
# TRANSACTIONS
W: w 19% N: W 31%
AVG. $/SF
W: w 36% N: W 45%
2012 - 2013 % CHANGE
AVG. SALE PRICE # TRANSACTIONS AVG. $/SF
W: w 30% N: w 17% W: w 50% N: W 29% W: w 16% N: w 23%
Avg. Sale Price
2011
2010
2012
2013
W: Waterfront N: Non-waterfront
28
Wynwood Walls artwork by Retna
M I A M I B E A C HMiami Beach shines brightly on a global scale. In our firm’s markets from single-family homes to condominiums, the average price per square foot has climbed more than 20%, as buyers of tropical retreats pay top dollar for a piece of the American Riviera. Last year’s resurgence in new residential developments has resulted in a real estate market that’s hotter than ever. This next wave vastly expands on “starchitecture” that projects such as Apogee and St. Regis Bal Harbour reintroduced to the island. The area hasn’t seen this level of creativity and attention to detail since its Art Deco and Mid-century Modern heyday. These designers’ fresh, innovative concepts take luxury to an unprecedented height that factors in culture and lifestyle to high-end amenities, decor and location.
S O U T H B E A C H / M I D B E A C H / N O R T H B E A C H / T H E I S L A N D S
Picture provided by the DS Team.
30
W: $707,982
N: $165,290
W: $635,495N: $205,185
W: $707,954N: $239,634
W: $752,708N: $255,967
M I A M I B E A C H$594
6 497
21
98416
1,072
2010 2011 2012 2013
$523
$252
2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
$593 $584
$297$256
$700
$600
$500
$400
$300
$200
$100
$0
$223
1,000 1,845 1,8832501,022
waterfront (W) non-waterfront (N)
$609
6 111
21
17916
222
2010 2011 2012 2013
$722
$339
250
200
150
100
50
0
$735
$839
$317
$430
$900
$800
$700
$600
$500
$400
$300
$200
$100
$0
$278
66 116 12111664
waterfront (W) non-waterfront (N)
MIAMI BEACH: SINGLE-FAMILY HOMES
MIAMI BEACH: CONDOS
W: $2,936,434
N: $773,183
W: $3,610,224N: $953,575
W: $3,988,183N: $844,971
W: $3,945,551N: $1,230,851
Prices for waterfront and non-waterfront condos have followed a similar trend. They slowly increased during 2010-2012 largely due to developments launching in this area, with more underway. 2013 showed a slight increase in average sale price with a small decrease in price per square foot.
M I A M I B E A C H
Miami Beach’s waterfront properties are home to several local and international celebrities due to the beautiful views. Prices for these homes have not seen higher prices in over 5 years. Whether waterfront or non-waterfront, homes in Miami Beach are ideally situated and very marketable.
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: x 1% N: W 46%
# TRANSACTIONS
W: w 4% N: W 24%
AVG. $/SF
W: w 14% N: W 36%
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: w 6% N: W 7%
# TRANSACTIONS
W: x 1% N: W 9%
AVG. $/SF
W: x 2% N: x 14%
W: Waterfront N: Non-waterfront
Avg. Sale Price20
1120
1020
1220
13
31
W: $737,231
N: $144,037
W: $923,850N: $181,872
W: $911,687N: $242,528
W: $734,248N: $234,505
$576
1575 164 200
2010 2011 2012 2013
$553
300
250
200
150
100
50
0
$881
$1,103
$1,400
$1,200
$1,000
$800
$600
$400
$200
$0
waterfront (W)
$631
6 267 54416
545
2010 2011 2012 2013
$851
$250
600
500
400
300
200
100
0
$871
$766
$333
$228
$1,000
$900
$800
$700
$600
$500
$400
$300
$200
$100
$0
$227
325 571 43027
83
waterfront (W) non-waterfront (N)
SOUTH BEACH: CONDOS
SOUTH OF FIFTH: CONDOS
W: $845,129
W: $621,361
W: $1,283,980
W: $1,581,789
A thriving center for beautiful beaches, nightlife, shopping and dining, South Beach’s real estate runs north from 5th street to 22nd street. Prices in SoBe took a slight dip in 2013, but new luxury residences set to launch in the next two years will drastically change the average sale prices.
The South of Fifth enclave has grown into one of the most popular addresses in South Florida. SoFi condos and real estate are upscale and designed to standards of exclusive style and luxury, reflected in the very high price per square foot that condos in this area received in 2013.
S O U T H B E A C H
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: X 19% N: x 3%
# TRANSACTIONS
W: X 25% N: 0%
AVG. $/SF
W: X 12% N: x 32%
2012 - 2013 % CHANGE
AVG. SALE PRICE # TRANSACTIONS AVG. $/SF
W: w 23% W: w 22% W: w 25%
Avg. Sale Price
2011
2010
2012
2013
W: Waterfront N: Non-waterfront
32
$370
$281
4 10 9 133 13 23 22
2010 2011 2012 2013
$745
$256
25
20
15
10
5
0
$300
$674
$979
$400
$1,000
$800
$600
$400
$200
$0
waterfront (W) non-waterfront (N)
$364
3 5 6 41
21
8516
74
2010 2011 2012 2013
$329
$239
600
500
400
300
200
100
0
$388
$460
$236
$300
$500
$400
$300
$200
$100
$0
$330
53 297 519 544
waterfront (W) non-waterfront (N)
MID BEACH: CONDOS
NORTH BAY ROAD & PINE TREE DRIVE: SF HOMES
W: $464,247
N: $196,400
W: $400,298N: $188,918
W: $467,646N: $202,828
W: $568,881N: $217,718
W: $3,275,000
N: $690,000
W: $4,823,879
N: $775,000
W: $6,302,778
N: $845,000
W: $7,194,615
N: $1,218,591
North Bay Road and Pine Tree Drive are home to historical waterfront estates, some of which were originally built in the 1920s. Prices along these streets are consistent with the most exclusive areas in Miami Beach, at almost $1000 per square foot in 2013.
The Mid Beach section of Miami Beach runs from 24th to 63rd Street. While less transient than the popular South Beach area, condos receive high prices per square foot due to the great beaches and ocean views. Since 2011, prices have been on the rise, a trend which will likely continue in 2014.
M I D B E A C H
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: w 22% N: W 7%
# TRANSACTIONS
W: w 5% N: x 13%
AVG. $/SF
W: w 19% N: W 27%
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: w 14% N: W 29%
# TRANSACTIONS
W: w 44% N: x 4%
AVG. $/SF
W: w 45% N: W 13%
W: Waterfront N: Non-waterfront
Avg. Sale Price20
1120
1020
1220
13
33
W: $336,555
W: $377,759
W: $484,252
W: $510,753
0 4 6 9
21
1316
10
2010 2011 2012 2013
$493
$406
15
10
5
0
$792
$856
$406$430
$900
$800
$700
$600
$500
$400
$300
$200
$100
$0
$256
3 2 5
waterfront (W) non-waterfront (N)
$325
26 142 258 276
2010 2011 2012 2013
$344
300
250
200
150
100
0
$441
$497
$600
$500
$400
$300
$200
$100
$0
waterfront (W)
NORTH BEACH: CONDOS
BAL HARBOUR: SINGLE-FAMILY HOMES
W: NA
N: $792,750
W: $2,204,000N: $1,316,611
W: $5,637,500N: $1,580,963
W: $3,550,000N: $1,390,000
North Beach runs from 63rd to 87th street in Miami Beach. Condos and homes are situated in an area surrounded by water, with the Atlantic to the east and the Intracoastal to the west. Due to this, prices have consistently risen over the past 4 years and there is no doubt this will continue in 2014.
Luxurious mansions and mid-century modern properties line the Intracoastal Waterways, where the average price per square foot has been dramatically increasing since 2011. Prices for non waterfront homes have increased modestly, but the desirability of this area can’t be denied.
N O R T H B E A C H
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: w 5%
# TRANSACTIONS
W: w 7%
AVG. $/SF
W: W 13%
2012 - 2013 % CHANGE
AVG. SALE PRICE # TRANSACTIONS AVG. $/SF
W: x 37% N: x 12% W: w 150% N: x 23% W: w 8% N: w 6%
Avg. Sale Price
2011
2010
2012
2013
W: Waterfront N: Non-waterfront
34
$592
20 48 82 78
2010 2011 2012 2013
$767
100
75
50
25
0
$777
$874
$900
$800
$700
$600
$500
$400
$300
$200
$100
$0
waterfront (W)
51 27 6 26
21
5616
58
2010 2011 2012 2013
$422
$148
$454
$551
$153
$188
$117
112 189 249
$324
$600
$500
$400
$300
$200
$100
$0
250
200
150
100
50
0
waterfront (W) non-waterfront (N)
BAL HARBOUR: CONDOS
FISHER ISL AND: CONDOS
W: $465,194
N: $123,170
W: $636,545N: $143,413
W: $693,686N: $160,585
W: $892,679N: $220,133
W: $1,241,000
W: $2,751,313
W: $2,230,244
W: $2,797,833
Fisher Island has been dubbed one of the most exclusive communities in the US, with one of the highest incomes per capita. It includes a hotel, private marina and golf course, with access only by boat or ferry. Already known as a highly priced area, prices have increased further in recent years.
As Miami Beach begins to develop, Bal Harbour, which sits just North, is becoming favorable to more than just the out-of-towners. The trend in Bal Harbour shows consistent increases in the number of transactions and prices since 2010, indicating genuine growth for the beach-side community.
N O R T H B E A C H / T H E I S L A N D S
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: w 29% N: W 37%
# TRANSACTIONS
W: w 32% N: W 4%
AVG. $/SF
W: w 21% N: W 23%
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: w 25%
# TRANSACTIONS
W: x 5%
AVG. $/SF
W: w 12%
W: Waterfront N: Non-waterfront
Avg. Sale Price20
1120
1020
1220
13
35
$574
$177
3 3 8 8 16 15 15 20
2010 2011 2012 2013
$586
$400
25
20
15
10
5
0
$775
$484
$959
$505
$1,200
$900
$600
$300
$0
waterfront (W) non-waterfront (N)
$733
3 9 12 10
2010 2011 2012 2013
$760
15
10
5
0
$1,085
$992
$1,200
$900
$600
$300
$02 4 6 5
$413
$278$263
$355
waterfront (W) non-waterfront (N)
PALM / HIBISCUS / STAR ISL ANDS: SF HOMES
THE VENETIAN ISL ANDS: SINGLE-FAMILY HOMES
W: $2,691,667
N: $1,549,500
W: $3,829,667N: $997,058
W: $7,515,250N: $1,294,500
W: $5,391,675N: $1,160,000
W: $1,741,667
N: $806,667
W: $2,933,125
N: $1,080,625
W: $3,589,594
N: $1,170,400
W: $5,068,333
N: $1,245,462
Palm, Star, and Hibiscus Islands are highly exclusive islands off the MacArthur Causeway in Miami Beach. Excessively large homes in these areas drive the average price per square foot down, but average sale prices are over $5 million for the homes along the waterfront.
Prime real estate in the form of condos and homes on Biscayne Bay and along the Venetian Causeway can be found on the Venetian Islands. Homes have drastically increased in price over the years largely due to its ideal location between Downtown Miami and South Beach, both thriving areas.
T H E I S L A N D S
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: X 28% N: x 10%
# TRANSACTIONS
W: X 17% N: x 17%
AVG. $/SF
W: X 9% N: x 33%
2012 - 2013 % CHANGE
AVG. SALE PRICE # TRANSACTIONS AVG. $/SF
W: w 41% N: W 6% W: X 6% N: W 33% W: w 24% N: W 4%
Avg. Sale Price
2011
2010
2012
2013
W: Waterfront N: Non-waterfront
36
W: NA
N: NA2 5 1 2 22
2011 2012 2013
5
4
3
2
1
0
$722
$526
$1,692
$467
$1,800
$1,500
$1,200
$900
$600
$300
$0
$850
$513
waterfront (W) non-waterfront (N)
$168
$448
133 4 17 6 9 8
2010 2011 2012 2013
$813
$439
$521
20
15
10
5
0
$979 $1,005
$526
$1,200
$900
$600
$300
$0
waterfront (W) non-waterfront (N)
SUNSET ISL ANDS: SINGLE-FAMILY HOMES
L A GORCE: SINGLE-FAMILY HOMES
W: $9,050,000
N: $2,335,200
W: $5,750,000
N: $2,187,500
W: $21,875,000
N: $2,177,500
W: $1,600,000
N: $1,600,833
W: $4,391,667
N: $1,320,000
W: $6,626,541
N: $1,628,500
W: $6,875,889
N: $1,674,125
A hidden gem of Miami Beach, La Gorce Island lies North of Pine Tree Drive and at the end of North Bay Road. Its entrance is guard-gated and patrolled by land and sea 24 hours a day. This exclusivity comes at a price, with 2 sales in 2013 averaging over $21 million.
Homes on the Sunset Islands maintain a small-community atmosphere. Ideal location, stunning views and waterfront access make these residences highly sought after, resulting in record-breaking sales. This area has shown great price growth over the past years.
T H E I S L A N D S
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: w 4% N: W 3%
# TRANSACTIONS
W: x 47% N: W 33%
AVG. $/SF
W: w 3% N: W 1%
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: w 280% N: 0%
# TRANSACTIONS
W: w 100% N: 0%
AVG. $/SF
W: w 134% N: x 11%
W: Waterfront N: Non-waterfront
Avg. Sale Price20
1120
1020
1220
13
37
1 4 93 2 13 5 10
2010 2011 2012 2013
$493
$406
15
10
5
0
$519
$406
$1,070
$430
$1,400
$1,200
$1,000
$800
$600
$400
$200
$0
waterfront (W) non-waterfront (N)
$256
$356
$2,000
$1,500
$1,000
$500
$0
$1,179
5
4
3
2
1
0
2011
3
2012
0
2013
$1,853
0
2010
1
waterfront (W)
INDIAN CREEK: SINGLE-FAMILY HOMES
BAY HARBOR: SINGLE-FAMILY HOMES
W: $9,300,000
W: NA
W: $34,651,667
W: NA
W: $800,000
N: $792,750
W: $2,204,000
N: $1,316,611
W: $1,767,500
N: $1,580,963
W: $6,210,000
N: $1,390,000
With about 40 residences, a premiere golf course and the exclusive Indian Creek Country Club, the island of Indian Creek offers its residents the best in luxury living. Prices are some of the highest in South Florida, yet being such a small and exclusive area, there were no transactions in 2013.
Bay Harbor Islands connect the mainland with Bal Harbour, thus providing island living with the conveniences of a bustling city. With just a few homes on the market each year, prices are always on the high side, but 2013 was a winner, with a median price of $4,550,000 for the five homes sold.
T H E I S L A N D S
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: NA
# TRANSACTIONS
W: NA
AVG. $/SF
W: NA
2012 - 2013 % CHANGE
AVG. SALE PRICE # TRANSACTIONS AVG. $/SF
W: w 251% N: x 12% W: w 150% N: x 23% W: w 106% N: W 6%
Avg. Sale Price
2011
2010
2012
2013
W: Waterfront N: Non-waterfront
38
Indian Creek
M I A M I / N O R T HSunny Isles Beach and Aventura have been home to a wealth of new developments and privileged residents over recent years. Extensive views of the intracoastal waterways and the pristine Atlantic Ocean provide an idyllic setting for a home in the sky. The development of several high-end condominiums, such as Bellini in William’s Island, has elevated the standard of living in these communities and has driven prices above years past. Not to be overlooked, is the neighboring oceanfront town of Golden Beach, which offers extravagant living in beautiful single-family homes. The town offers a mile long private beach, unsurpassed security with its own police department and an ideal location minutes from Miami and Fort Lauderdale.
G O L D E N B E A C H / S U N N Y I S L E S / A V E N T U R A
40
M I A M I / N O R T H $340
76 397 817 751
2010 2011 2012 2013
$354
1,000
800
600
400
200
0
$421 $433
$450
$400
$350
$300
$250
$200
$150
$100
$50
$0
waterfront (W)
15
10
5
0
$765
$1,000
$900
$800
$700
$600
$500
$400
$300
$200
$100
$06 5
2011
$302
$225
12
21
6
2012
$223
5 5
2013
$847
$393
122
2010
$218
2
$913
waterfront (W) non-waterfront (N)
GOLDEN BEACH: SINGLE-FAMILY HOMES
SUNNY ISLES: CONDOS
W: $546,310
W: $531,374
W: $636,968
W: $731,979
W: $3,901,000N: $567,500
W: $2,917,500N: $692,000
W: $5,132,600N: $1,205,833
W: $4,733,958N: $1,307,000
Sunny Isles, once lined with small hotels, is now predominantly composed of luxury, high-rise condos directly on the beach, with views of the intracoastal and the ocean. From 76 transactions in 2010 to 400 the following year and over 750 in 2013, it is evident that this area is on the rise.
Golden Beach is home to oceanfront estates on the Atlantic Ocean, a rarity in South Florida. With restricted commercial and high-rise development, homes provide the intimacy of a small community next to a large city —a clear indication as to why prices are on the upswing for Golden Beach.
G O L D E N B E A C H / S U N N Y I S L E S
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: x 8% N: W 8%
# TRANSACTIONS
W: w 140% N: x 17%
AVG. $/SF
W: w 11% N: W 76%
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: w 15%
# TRANSACTIONS
W: x 8%
AVG. $/SF
W: w 3%
W: Waterfront N: Non-waterfront
Avg. Sale Price20
1120
1020
1220
13
41
$227
475 465 959 937
2010 2011 2012 2013
$219
1,000
800
600
400
200
0
$233
$277
$300
$250
$200
$150
$100
$50
$0
waterfront (W)
12
2010
30
20
10
0
$400
$350
$300
$250
$200
$150
$100
$50
$0
$230
6 8
2011
$239
$233
10
21
15
2012
$332
$238
20 18
2013
$375
$266
3019
$307
waterfront (W) non-waterfront (N)
AVENTURA: SINGLE-FAMILY HOMES
AVENTURA: CONDOS
W: $1,014,351
N: $598,333
W: $625,700N: $722,250
W: $996,700N: $656,045
W: $1,103,275N: $747,391
W: $377,961
W: $356,359
W: $390,097
W: $530,460
Aventura’s central location and endless amenities make it a great option for international and local buyers looking for spacious single-family homes. Although Aventura is predominantly composed of condos, the single-family market has grown with prices of around $300 per square foot.
Transplanted from major international metropolitan areas, most of Aventura’s residents prefer the high-rise lifestyle, therefore causing the spike in the number of transactions over the last 2 years.
AV E N T U R A
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: w 14% N: W 11%
# TRANSACTIONS
W: w 50% N: W 20%
AVG. $/SF
W: w 13% N: W 12%
2012 - 2013 % CHANGE
AVG. SALE PRICE # TRANSACTIONS AVG. $/SF
W: w 36% W: X 2% W: w 19%
Avg. Sale Price
2011
2010
2012
2013
W: Waterfront N: Non-waterfront
42
Williams Island
BROWARD COUNT YLong known as the Venice of America and the Yachting Capital of the World due to its waterfront living and abundance of wealth, Fort Lauderdale has proven to be a city on the rise. A bustling downtown, beautiful beaches and quiet residential neighborhoods all combine to make this city a beautiful place to call home. With prices moderately behind those of Miami neighborhoods, Fort Lauderdale is becoming the next great investment opportunity with beautiful new developments including Privage along the intracoastal.
FORT LAUDERDALE / HOLLYWOOD & HALLANDALE BEACHES / HILLSBORO
Picture provided by Susan Rindley.
44
BROWARD COUNT Y652
2010
1,200
800
400
0
$350
$300
$250
$200
$150
$100
$50
$0
$187
6 608
2011
$311
$179
696
21
894
2012
$302
$154
1,00616
978
2013
$327
$202
1,107672
$328
waterfront (W) non-waterfront (N)
911
2010
1,500
1,000
500
0
$350
$300
$250
$200
$150
$100
$50
$0
$128
6 950
2011
$316
$100
273
21
1,242
2012
$161
$66
35816
1,403
2013
$211
$158
406248
$346
waterfront (W) non-waterfront (N)
FORT L AUDERDALE: SINGLE-FAMILY HOMES
FORT L AUDERDALE: CONDOS
W: $365,748N: $168,633
W: $334,942N: $169,182
W: $374,302N: $189,126
W: $429,006N: $226,481
W: $1,036,301N: $199,269
W: $1,115,176N: $197,444
W: $1,104,812N: $237,162
W: $1,234,869N: $276,728
Waterfront condos in 2013 sold at a median price of $331,000, while non-waterfront condos sold for a median price of $130,000. As Fort Lauderdale continues to develop, this area will become the next South Florida hotspot, which will drive prices up. Now is the time to start investing.
Although just 25 miles north of Miami, Fort Lauderdale feels a world away with less Latin flair and a greater feeling of classic Americana. Fort Lauderdale’s price per square foot is often more favorable than Miami while offering the same amenities. 2013 saw increases throughout from 2012.
F O R T L A U D E R D A L E
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: w 12% N: W 17%
# TRANSACTIONS
W: w 13% N: W 13%
AVG. $/SF
W: w 31% N: W 139%
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: w 15% N: W 20%
# TRANSACTIONS
W: w 10% N: W 9%
AVG. $/SF
W: w 8% N: W 31%
W: Waterfront N: Non-waterfront
Avg. Sale Price20
1120
1020
1220
13
45
$800
$700
$600
$500
$400
$300
$200
$100
$0
20
15
10
5
06
2011
$360
$272
11 4
21
2012
$577
$161
8 716
2013
$516
$268
15 70
2010
8
$580
$289
5
waterfront (W) non-waterfront (N)
0
2010 2012 2013
70
60
50
40
30
20
10
0
$500
$400
$300
$200
$100
$05
2011
$385
$219
453
$412
$322
57 1
$411
$391
6526
$488
waterfront (W) non-waterfront (N)
L AS OL AS ISLES: SINGLE-FAMILY HOMES
HARBOR BEACH: SINGLE-FAMILY HOMES
W: $2,140,150
N: NA
W: $2,017,192N: $818,000
W: $2,045,586N: $763,333
W: $2,010,327N: $1,300,000
W: $2,443,750N: $791,540
W: $2,293,182N: $1,040,000
W: $3,794,375N: $845,286
W: $3,917,183N: $736,071
Las Olas Isles stretches out along East Las Olas Boulevard from the Intracoastal to its Western canal. While the majority of single-family homes in this area are waterfront, the prime location has drastically driven up prices for the non-waterfront properties as well, specifically in 2013.
Harbor Beach is a luxury community located in Southeast Fort Lauderdale. Residents enjoy waterfront properties with deep-water dockage and gorgeous dry lots. Harbor Beach has been able to earn higher prices per square foot than some of the other Fort Lauderdale communities.
F O R T L A U D E R D A L E
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: X 2% N: W 70%
# TRANSACTIONS
W: w 14% N: x 67%
AVG. $/SF
W: 0% N: W 21%
2012 - 2013 % CHANGE
AVG. SALE PRICE # TRANSACTIONS AVG. $/SF
W: w 3% N: x 13% W: w 88% N: 0% W: x 11% N: w 66%
Avg. Sale Price
2011
2010
2012
2013
W: Waterfront N: Non-waterfront
46
0 6
2010 2011
$270
$382
4250
$332
100
80
60
40
20
01
2013
$367
$413
946
2012
04
63
$435
$220
$1,200
$,1000
$800
$600
$400
$200
$0
waterfront (W) non-waterfront (N)
$1,200
$1,000
$800
$600
$400
$200
$0
$1,012
5
4
3
2
1
06
2011
$718
$302
2 3
2012
$666
0 116
2013
$766
$644
3 40
2010
2
$395
1
waterfront (W) non-waterfront (N)
FORT L AUDERDALE BEACH: SINGLE-FAMILY HOMES
FORT L AUDERDALE BEACH: CONDOS
W: $387,866N: NA
W: $388,463N: $270,000
W: $374,773N: $319,750
W: $482,513N: $363,667
W: $3,925,000N: $499,900
W: $4,375,000N: $893,333
W: NAN: $1,800,000
W: $2,608,333N: $1,888,580
In the 1990s, Fort Lauderdale Beach became a very sought-after residential area. This has resonated with waterfront condo transactions over the past four years, all earning between $332 and $435 per square foot. Non-waterfront condos are few, yet on high demand for their proximity to the beach.
Fort Lauderdale Beach may be one of the most famous beach areas in the world. While only a few transactions have occurred, median prices for waterfront properties in 2013 were over $2.8 million and about $1.5 million for non-waterfront properties.
F O R T L A U D E R D A L E
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
N: W 5%
# TRANSACTIONS
N: W 300%
AVG. $/SF
N: x 3%
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: w 29% N: w 14%
# TRANSACTIONS
W: w 49% N: w 50%
AVG. $/SF
W: x 5% N: w 67%
W: Waterfront N: Non-waterfront
Avg. Sale Price20
1120
1020
1220
13
47
0
2010 2011 2012 2013
$336
$217
$464
$382
$249$270
$500
$400
$300
$200
$100
$020 23 182
$434
$198
100
80
60
40
20
036 70 9618
waterfront (W) non-waterfront (N)
0
2010 2011 2012 2013
$578
$228
$445
$489
$272
$330
$600
$500
$400
$300
$200
$100
$013 15 296
$490
$240
50
40
30
20
10
019 42 384
waterfront (W) non-waterfront (N)
RIO VISTA: SINGLE-FAMILY HOMES
VICTORIA PARK / SUNRISE KEY / COLEE HAMMOCK: SF HOMES
W: $2,150,375N: $533,775
W: $1,382,262N: $523,737
W: $1,828,233N: $670,395
W: $1,529,017 N: $710,618
These neighborhoods offer single-family homes with historic architecture and tight-knit communities. The favorability of this area is evidenced in the steady rise of prices for non-waterfront properties since 2011. Waterfront homes dropped in 2012, but show regained strength in 2013.
W: $1,627,500N: $344,333
W: $1,822,125N: $391,710
W: $1,742,522N: $536,906
W: $2,330,972N: $588,606
These quaint neighborhoods along charming canals offer a suburban feeling within minutes of Downtown Fort Lauderdale. The majority of transactions in these neighborhoods were for the non-waterfront homes which have witnessed steady increases of all stats since 2010.
F O R T L A U D E R D A L E
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: X 16% N: W 6%
# TRANSACTIONS
W: w 93% N: x 10%
AVG. $/SF
W: w 10% N: W 21%
2012 - 2013 % CHANGE
AVG. SALE PRICE # TRANSACTIONS AVG. $/SF
W: w 34% N: w 10% W: X 22% N: W 37% W: x 18% N: w 8%
Avg. Sale Price
2011
2010
2012
2013
W: Waterfront N: Non-waterfront
48
0
2010 2011 2012 2013
$167
$152
$159
$205
$156$171
$300
$250
$200
$150
$100
$50
$0189 278 29273
$196
$168
500
400
300
200
100
0257 441 451106
waterfront (W) non-waterfront (N)
2010 2011 2012 2013
$565
$277
$444
$600
$500
$400
$300
$200
$100
$03 10 74
$333
12
10
8
6
4
2
0
waterfront (W)
BAY COLONY: SINGLE-FAMILY HOMES
WESTON: SINGLE-FAMILY HOMES
W: $669,674N: $410,586
W: $559,888N: $383,909
W: $561,542N: $389,175
W: $652,213N: $441,611
Weston, ranked as the best place to live in Florida by Money Magazine, saw the highest price per square foot, number of sales, and average sale price in the last four years. While 2011 and 2012 show a downtrend, this is undoubtedly over for the community and recovery is well underway.
W: $1,255,000
W: $2,615,000
W: $1,665,000
W: $2,754,286
Bay Colony’s dockage starts at 100 feet, making it port to some of the city’s most coveted yachts. While average prices have fluctuated over the past years, the number of transactions has increased since 2010 and the average days on market has dropped steadily.
F O R T L A U D E R D A L E
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: w 65%
# TRANSACTIONS
W: x 30%
AVG. $/SF
W: w 60%
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: w 16% N: W 13%
# TRANSACTIONS
W: w 5% N: W 2%
AVG. $/SF
W: w 29% N: W 10%
W: Waterfront N: Non-waterfront
Avg. Sale Price20
1120
1020
1220
13
49
CORAL RIDGE / THE L ANDINGS: SINGLE-FAMILY HOMES
20
15
10
5
0
$500
$400
$300
$200
$100
$06 9
2011
$413
$149
10 9
2012
$391
$213
2016
18
2013
$332
$206
1810
2010
$168
2
$303
waterfront (W) non-waterfront (N)
80
60
40
20
0
$400
$300
$200
$100
$06 34
2011
$222
$219
7 54
2012
$286
$199
4116
48
2013
$296
$201
4232
2010
$303
14
$292
waterfront (W) non-waterfront (N)
L AUDERDALE BY THE SEA: SINGLE-FAMILY HOMES
W: $1,172,982N: $400,000
W: $1,219,639N: $358,489
W: $925,897N: $390,689
W: $1,033,833N: $515,375
W: $1,163,647N: $693,179
W: $830,929N: $597,765
W: $983,848N: $567,948
W: $1,016,674N: $602,458
Sitting on a barrier island with Fort Lauderdale a short distance to the East, Lauderdale by the Sea real estate offers plenty of charm and easy island living. The homes on this 1.5 square mile town are typically spacious, which helps retain a moderate average price per square foot.
Coral Ridge is a large neighborhood along the intracoastal, within less than a mile from the beach. The Landings is a boating community minutes from the golf course and beaches. It is the only gated waterfront neighborhood in NE Fort Lauderdale, making it a prestigious residential community.
F O R T L A U D E R D A L E
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: w 3% N: w 6%
# TRANSACTIONS
W: w 2% N: x 11%
AVG. $/SF
W: w 3% N: w 1%
2012 - 2013 % CHANGE
Avg. Sale Price
2011
2010
2012
2013
W: Waterfront N: Non-waterfront
Avg. Sale Price
2011
2010
2012
2013
AVG. SALE PRICE
W: w 12% N: W 32%
# TRANSACTIONS
W: x 10% N: W 100%
AVG. $/SF
W: x 15% N: x 3%
50
19
2010
800
600
400
200
0
$350
$300
$250
$200
$150
$100
$50
$0
$267
6 60
2011
$267
$215
453 168
2012
$287
$181
76616
123
2013
$322
$196
725158
$295
waterfront (W) non-waterfront (N)
40
30
20
10
0
$400
$350
$300
$250
$200
$150
$100
$50
$06 20
2011
$238
$119
12 24
2012
$207
$90
2116
32
2013
$362
$69
183
2010
$63
3
$251
waterfront (W) non-waterfront (N)
HOLLYWOOD & HALLANDALE BEACHES: SINGLE-FAMILY HOMES
HOLLYWOOD & HALL ANDALE BEACHES: CONDOS
Hollywood and Hallandale Beach are nestled between Miami and Fort Lauderdale, offering the best of both worlds. Real estate in Hallandale Beach suits diverse budgets, ranging from more modest condo options to world-class oceanfront condominiums and luxurious waterfront homes.
While trends for single-family homes have been a bit disparate depending on property type (waterfront or non-waterfront), condos have followed similar trend lines since 2010 with recent upswings in 2013.
H O L LY W O O D / H A L L A N D A L E
W: $555,000N: $79,533
W: $696,013N: $201,080
W: $949,899N: $128,234
W: $1,283,542N: $115,708
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
2012 - 2013 % CHANGE
W: Waterfront N: Non-waterfront
AVG. SALE PRICE
W: w 35% N: x 10%
# TRANSACTIONS
W: X 14% N: W 33%
AVG. $/SF
W: w 75% N: x 23%
W: $346,738N: $125,316
W: $281,814N: $146,200
W: $302,621N: $147,905
W: $362,198N: $158,181
Avg. Sale Price20
1120
1020
1220
13
AVG. SALE PRICE # TRANSACTIONS AVG. $/SF
W: w 20% N: w 7% W: X 5% N: x 27% W: w 12% N: w 8%
51
0
2010 2011 2012 2013
$260
$154
$295
$353
$126
$161
$400
$300
$200
$100
$037 46 4614
$165
70
60
50
40
30
20
10
013 35 5266
$305
waterfront (W) non-waterfront (N)
2010 2011 2012 2013
$773
$1,296
$919
$1,400
$1,200
$1,000
$800
$600
$400
$200
$02 2 45
$743
6
5
4
3
2
1
0
waterfront (W)
HILLSBORO BEACH: SINGLE-FAMILY HOMES
LIGHTHOUSE POINT: SINGLE-FAMILY HOMES
W: $875,421N: $366,608
W: $1,072,881N: $327,692
W: $1,064,235N: $285,480
W: $1,361,280N: $353,576
W: $6,430,000
W: $5,950,000
W: $13,075,000
W: $5,631,250
Known simply as Millionaire’s Mile, this community offers some of the most prestigious properties in South Florida based on its geography alone. With large lots, spacious interiors and great views, these rare homes are exclusive and not easy to come by with 13 transactions in the past 4 years.
Bordered by both the Intracoastal Waterways and the ocean, Lighthouse Point is home to gorgeous and manicured parks. While prices have been somewhat steady over the past four years – within a $100 range for both types of home – there was an increase for both sectors in 2013.
H I L L S B O R O
Avg. Sale Price
2011
2010
2012
2013
2012 - 2013 % CHANGE
AVG. SALE PRICE
W: X 57%
# TRANSACTIONS
W: w 100%
AVG. $/SF
W: X 29%
2012 - 2013 % CHANGE
AVG. SALE PRICE # TRANSACTIONS AVG. $/SF
W: w 28% N: w 24% W: 0% N: W 49% W: w 20% N: w 28%
Avg. Sale Price
2011
2010
2012
2013
W: Waterfront N: Non-waterfront
52
Hillsboro Beach
P R E C O N S T R U C T I O N D E V E L O P M E N T S
Miami Beach Faena House 3315 Collins Avenue 2014
Miami Beach Beach House 8 3651 Collins Avenue 2015
Miami Beach Edition 2901 Collins Avenue 2014
Miami Beach 1 Hotel & Residences 2399 Collins Avenue 2014
Miami Beach Versailles on the Ocean 3425 Collins Avenue 2014
Miami Beach Glass Miami Beach 120 Ocean Drive 2015
Miami Beach Palau at Sunset Harbour 1201 20 Street 2014
Miami Beach Ritz-Carlton Residences 4701 N Meridian Avenue 2016
Miami Beach The Bath Club Estates 6747 Collins Avenue 2015
1,307 - 4,730
3,783 - 5,242
1,171 - 5,246
830 - 4,000
TBD
1,928 - 3,374
780 - 2,045
1,749 - 6,533
5,620 - 10,200
47
8
26
163
54
10
45
126
13
Key Biscayne Oceana 350 Ocean Drive 20151,800 - 7,500154
Coconut Grove Grove at Grand Bay 2675 S Bayshore Drive 20141,244 - 5,67095
Brickell 1010 Brickell 1010 Brickell Avenue 2016
Brickell Brickell House 1300 Brickell Bay Drive 2014
Brickell mybrickell 30 SE 6 Street 2014
Brickell NINE 999 SW 1 Avenue 2014
Brickell Millecento 1100 S Miami Avenue 2014
Brickell Brickell City Centre 6/7/8 Street & S Miami Ave. 2015
Brickell SLS Brickell 1300 S Miami Avenue 2014
Brickell Echo Brickell 1451 Brickell Avenue 2016
Brickell Bond Brickell 1080 Brickell Avenue 2015
Brickell Le Parc 1600 SW 1 Avenue 2015
850 - 1,922
420 - 1,775
600 - 1,220
744 - 2,098
578 - 1,462
TBD
717 - 1,505
760 - 4,300
558 - 2,100
576 - 1,968
352
374
192
390
382
820
450
180
323
128
Downtown One Thousand Museum 1000 Biscayne Boulevard 2016
Downtown ICON Bay 460 NE 28 Street 2014
Downtown One Bayfront Plaza 100 S Biscayne Boulevard 2018
Downtown Bay House 600 NE 27 Street 2014
Downtown Paraiso Bay 600 NE 31 Street 2017
Downtown Baltus House 4300 Biscayne Boulevard 2015
Downtown Biscayne Beach 701 NE 29 Street 2016
Downtown Centro 151 SE 1 Street 2015
4,600 - 9,800
920 - 1,498
TBD
1601-1725
1,055 - 2,141
520 - 1,720
885 - 3,789
500 - 1,131
83
300
700
164
700
167
399
350
Unit Sizes*Area Development Address Completion# Units
54
Unit Sizes*Area Development Address Completion
For more information, please visit
onesothebysrealty.com/new-developments
or email us at [email protected]
# Units
* Unit sizes in square feet
Fort Lauderdale Privage 325 N Birch Road 2015
Fort Lauderdale Adagio on the Bay 1110 Seminole Drive 2014
Fort Lauderdale Aquavita Las Olas 60/70/80 Hendricks Isle 2014
Fort Lauderdale Cymbrinas Cay 151 Isle of Venice Drive TBD
Fort Lauderdale Paramount 700 N Atlantic Boulevard 2016
Fort Lauderdale Riva 1180 N Federal Highway 2016
3,000 - 4,000
3,285 - 3,415
2,644 - 5,889
2,500 - 3,000
1,930 - 3,477
1,500 - 2,500
22
12
22
8
95
100
Fort Lauderdale Vela Vista 1532 SE 12 Street 20141,902 - 4,06210
Aventura Privé 5000 Island Estates Drive 2015
Aventura Marina Palms 17111 Biscayne Boulevard 2016
Aventura Echo Aventura 3250 NE 188 Street 2015
2,585 - 9,000
1,821 - 2,600
1,500 - 4,020
160
234
190
Hollywood Beachwalk 2600 E Hallandale Beach Blvd 2015
Hollywood Positano - Phase II 3415 N Ocean Drive 2014
Hollywood Sage Beach 2101 S Surf Road 2015
1,087 - 1,853
3,599 - 6,659
2,013 - 2,826
300
17
24
Sunny Isles Porsche Design Tower 18555 Collins Avenue 2016
Sunny Isles Chateau Beach 17475 Collins Avenue 2014
Sunny Isles Jade Signature 16901 Collins Avenue 2016
Sunny Isles Mansions at Aqualina 17749 Collins Avenue 2015
Sunny Isles 400 Sunny Isles 400 Sunny Isles Boulevard 2014
Sunny Isles Muse 17141 Collins Avenue 2017
3,415 - 6,684
1,557 - 4,230
1,378 - 4,953
4,800 - 16,000
1,206 - 1,872
2,360 - 5,800
132
84
192
79
230
68
Bay Harbor Kai at Bay Harbor 9940 W Bay Harbor Drive 2015
Bay Harbor Villas at Bay Harbor 1150 98 Street NA
1,100 - 1,800
2,550 - 2,650
58
18
Mid Beach Ocean Seven 9501 Collins Avenue 2014
Mid Beach Peloro Miami Beach 6610 Indian Creek Drive 2014
Mid Beach Chateau Ocean 9365 Collins Avenue 2015
Mid Beach Surfclub 9011 Collins Avenue 2015
Mid Beach Oceana Bal Harbour 10201 Collins Avenue 2016
4,012 - 4,058
635 - 2,268
3,326 - 10,000
1,200 - 8,000
1,323 - 4,200
7
113
60
150
239
Miami Beach Marea 801 S Pointe Drive 2015
Miami Beach One Ocean 1 Ocean Drive 2014
Miami Beach 321 Ocean 321 Ocean Drive 2015
1,525 - 2,336
1,886 - 3,847
1,877 - 6,807
30
50
21
55
As a truly international city with world-class entertainment, fine dining and incredible value, it is no wonder
Miami has become a city to watch for investors around the world. Miami is on the rise with more than 80 condo
towers and prime retail and commercial spaces debuting over the next few years. With the expectation of a
13.4% increase in the city’s real estate market, Miami comes in as the leader in all real estate markets according
to the experts at moneyjournal.com.
Sydney
Singapore
How many luxury square feet does $1M buy? *
New York
L.A.Shanghai
Beijing
Rome
800
700
600
500
400
300
200
100
0M
onaco
Hong Kong
London
Geneva
ParisM
oscow
Top National Markets
1. California
2. Georgia
3. Texas
4. New York
5. Illinois
M I A M I A S A G L O B A L M A R K E T
W H E R E A R E B U Y E R S C O M I N G F R O M ? * *
Top International Markets
1. Brazil
2. Colombia
3. Canada
4. India
5. Argentina
6. Michigan
7. Pennsylvania
8. Virginia
9. New Jersey
10. North Carolina
6. Venezuela
7. Bolivia
8. France
9. United Kingdom
10. Russia
*2014 Global Market Report, Knight Frank. Miami range based on South Beach value** Miami International Council
I N T E R N A T I O N A L S P O T L I G H T
Miam
i
56
F O R T L A U D E R D A L E A S A G L O B A L M A R K E TFort Lauderdale has been dubbed “the Venice of America” for its amazing canals and waterfront living. It has
become a prime destination for mega-yacht owners and boating connoisseurs from around the world, drawing a
great deal of attention from wealthy buyers and tourists alike. Fort Lauderdale was ranked the 4th most popular
destination from home buyers by the US News & World Report.
OVERALL MOST SEARCHED U.S. CITIES BY NON-U.S. CONSUMERS
1. Los Angeles, CA
2. New York, NY
3. Miami, FL
4. Las Vegas, NV
5. Detroit, MI
Realtor.com in October, 2013.
6. Orlando, FL
7. Houston, TX
8. Fort Lauderdale, FL
9. San Francisco, CA
10. Atlanta, GA
#1 Miami - Miami Beach: 31.3%
#2 Fort Lauderdale: 11.6%
#3 Orlando - Kissimmee: 8.9%
#4 Bradenton - Sarasota - Venice: 8.1%
#5 Palm Beach: 6.5%
TOP FLORIDA CITIES FOR INTERNATIONAL BUYERS
FloridaRealtors.org
Fort Lauderdale Annual International Visitors (2.8 million total):
Canada LatAm Europe Scandinavia UK Other
1.2M
1M
800K
600K
400K
200K
0
57
©MMXIV ONE Sotheby’s International Realty, licensed real estate broker. Equal Housing Opportunity. Each Office Independently Owned And Operated.
All statistics provided by MLS unless stated otherwise. All information is believed to be correct.
ONE Sotheby’s International Realty, founded in 2008, specializes in the sale of luxury properties in Miami and Fort
Lauderdale, where the brokerage is already recognized as a market share leader. Building on a reputation for emphasizing
experience and passion to its customers, qualities that define the Sotheby’s International Realty© brand, the company
has grown to 8 offices and over 350 associates.
Partnerships with more than 750 affiliate offices in more than 55 countries give ONE Sotheby’s International Realty an
unparalleled edge in locating the best properties and investors. Since its debut in 1744, Sotheby’s Auction House has
evolved into the luxury go-to for prestigious possessions from jewelry to antiques. Its name translates around the world.
Sotheby’s counts nearly three quarters of Forbes’s 100 richest people, more than half of its richest Americans and all
of its billionaire art collectors among its clientele. Through this rare level of brand recognition and global footprint, ONE
Sotheby’s International Realty is able to match the most coveted properties with international buyers.
Sotheby’s International Realty | National Affiliates by State | 445 offices - 39 states
Sotheby’s International Realty | International Affiliates by Country | 318 offices - 55 countries
Anguilla
Argentina
Aruba
Australia
Bahamas
Barbados
Belgium
Bermuda
Brazil
Canada
Cayman Islands
Costa Rica
Cyprus
Czech Republic
Dominican Rep.
Estonia
France
Germany
Gibraltar
Greece
Hong Kong
Israel
Italy
Japan
Latvia
Lithuania
Malta
Mexico
Monaco
Morocco
New Zealand
Panama
Peru
Philippines
Portugal
Puerto Rico
Russia
Saint Barts
Saint Lucia
Saudi Arabia
Slovakia
South Africa
Spain
Sweden
Switzerland
Taiwan
Thailand
Turkey
Turks and Caicos
United Arab Emirates
United Kingdom
Uruguay
Vietnam
Virgin Islands (Brit.)
Virgin Islands (U.S.)
Arizona
California
Colorado
Connecticut
Delaware
Dist. of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Missouri
Montana
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
Ohio
Oregon
Pennsylvania
Rhode Island
South Carolina
Tennessee
Texas
Utah
Vermont
Virginia
Washington
Wyoming
58
3. Bay Harbor1047 Kane Concourse
Bay Harbor, Florida 33154
305.666.0562
2. Sunny Isles3873 Sunny Isles Boulevard
N Miami Beach, Florida 33160
305.336.0457
ONE Sotheby’s International Realty | Locations
8. Coral Gables1430 S Dixie Highway, Suite 110
Coral Gables, Florida 33146
305.666.0562
7. Key Biscayne260 Crandon Boulevard, #C42
Key Biscayne, Florida 33149
305.365.2811
1. Fort Lauderdale401 East Las Olas Boulevard, Suite 100
Fort Lauderdale, Florida 33301
954.522.2831
4. Miami Beach - Ocean Drive1451 Ocean Drive
Miami Beach, Florida 33139
305.673.4808
6. Brickell1000 Brickell Avenue #315
Miami, Florida 33131
305.779.2430
5. Miami Beach - South of Fifth119 Washington Avenue, Suite 102
Miami Beach, Florida 33139
305.538.9711
1
2
4
56
78
3
59
ONESOTHEBYSRE ALT Y.COM
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