 The whole world has its eyes on real estate since it is evidently an essential element in economic troubles, bank and mortgage crisis. In South Florida, in the main areas I cover, I was curious to do some comparisons and research. I came out with interesting figures. This analysis is based on the MLS (Multi-Listing-System) and might not include some sales effected directly by owners, or condos delivered by the developers which relate to sales effected 2 or more years ago. It is basically an analysis of the resale market. But I am comparing oranges to oranges and the data gave me some insight on how the market is behaving. I compared both periods of Jan. 1st to Aug. 24th during 2008 and 2007. Comparison between homes and condos sold during the same periods in 2007 and 2008. Period of January 1st to August 24, 2007 and 2008. Aventura Homes: 2008: 21 2007: 7 Aventura Condos: 2008: 489 2007:508 Bal Harbour Homes: 2008: 3 2007: 5 Bal Harbour Condos: 2008:79 2007: 37 Brickell Homes: 2008: 3 2007: 0 Brickell Condos: 2008: 186 2008: 229 Ft. Lauderdale Homes: 2008: 582 2007: 659 Ft. Lauderdale Condos: 2008: 807 2007: 847 Hallandale Beach Homes: 2008: 27 2007: 32 Hallandale Beach Condos: 2008 375 2007: 380 Hollywood Homes: 2008: 428 2007: 506 Hollywood Condos: 2008: 405 2008: 487 Miami Beach Homes: 2008: 88 2008: 116 Miami Beach Condos: 2008:861 2007: 1045 North Bay Village Homes: 2008: 4 2007: 2 North Bay Village Condos: 2008: 35 2007: 37 Sunny Isles Homes: 2008: 6 2007: 11 Sunny Isles Condos: 2008: 338 2007: 269 Surfside Homes: 2008: 18 2007: 23 Surfside Condos: 2008: 23 2007: 29 |