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Real Estate
Miami's Housing Market
Home Prices
+4.6% Average change in 20 largest cities
Pending Home Sales
+40.5% from July 2009 -3.2% for the quarter
Top Builders
(By Home Closings, July 2009-July 2010)
| Terra Group | 116 |
| Lennar | 91 |
| D.R. Horton | 83 |
| Habitat for Humanity | 79 |
| Century Homebuilders | 53 |
Foreclosures
+11.5% from the same period in 2009
1,800 Average repossessions per month (January-June)
+125% from 2009
$140,294 Average sale price for foreclosed homes
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Existing Single-Family Homes Sales
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Existing Condo Sales
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South Beach Market
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| New South Beach condos sold | |
| 2010 (January-June) | 48 |
| 2009 (January-June) | 49 |
| 2008 (January-June) | 300 |
| Average price for new condos
in South Beach (per square foot) |
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| 2010 (January-June) | $1,365 |
| 2009 (January-June) | $844 |
| 2008 (January-June) | $1,071 |
Downtown Market
+105% from a year earlier
23% New condos unsold in downtown Miami (as of July)
down from 40% a year earlier
$356,000 Average sales price for a downtown condo (January-June)
+16% from the year-earlier period
359 Average number of leases signed each month for downtown condo/apartment rentals (January-June)
+14% from a year earlier
$1,805 Average monthly rent
