web analytics
skip to Main Content

Next event: Corona Score Card: What's really happening in the Miami market and why?

Date & Time
TBD
Location - Zoom - email Ana for an invitation

Corona Scorecard: South Florida Condo Market

The table shows quarterly transaction volume for condos

wdt_ID County / City Q2 2019 Q2 2020 % Change $1M+ Q2 2019 $1M+ Q2 2020 % Change
1 Miami-Dade County 4,327 2,103 -51.4% 270 123 -54.4%
3 Broward County 5,171 2,749 -46.8% 71 43 -39.4%
4 Palm Beach County 4,826 2,810 -41.8% 152 103 -32.2%
5 Miami 2,522 928 -63.2% 62 26 -58.1%
6 Miami Beach 523 246 -53.0% 73 44 -39.7%
7 West Palm 813 425 -47.7% 8 7 -12.5%
8 Fort Lauderdale 635 339 -46.6% 47 30 -36.2%
9 Aventura 303 147 -51.5% 24 6 -75.0%
10 Hollywood 358 165 -53.9% 10 4 -60.0%

Corona Scorecard: South Florida Single Family Home Market

The table shows quarterly transaction volume for SFH

wdt_ID County / City Q2 2019 Q2 2020 % Change $1M+ Q2 2019 $1M+ Q2 2020 % Change
1 Miami-Dade County 4,169 2,717 -34.8% 293 208 -29.0%
3 Broward County 5,027 3,172 -36.9% 210 167 -20.5%
4 Palm Beach County 4,968 3,356 -32.4% 451 327 -27.5%
5 Miami 2,040 1,258 -38.3% 71 56 -21.1%
6 Miami Beach 64 38 -40.6% 47 26 -44.7%
7 West Palm 592 436 -26.4% 28 21 -25.0%
8 Fort Lauderdale 602 350 -41.9% 99 70 -29.3%
9 Pembroke Pines 442 296 -33.0% 0 0 0
10 Coral Gables 127 98 -22.8% 54 43 -20.4%
11 Miramar 327 195 -40.4% 0 0 0

The Zoom call will start with an overview of macro trends.

The South Florida real estate market does not exist in a vacuum, so it is important to define underlying trends.

> Corona as an accelerator of trends: ----> wealth gap, virtualization (work and school), monetary policy, debt, monetary policy, pricing of risk, etc...

> Big trend underway: atavistic reversion to need based consumption ---> we see this in the South Florida real estate data

> Global event, I believe this is a major shift in the post-WWII status quo ---> and this can be a positive, much of how we conduct of our lives is a relic of the post WWII world

> Reversals to globalization and the introductions of protectionist measures

Ana repeat invitation link to Zoom and video

Contact Ana

Stay Informed

Receive Miami Real Estate Reports and updates as they are published. Max email frequency is once per week.

I will never spam you or share your information.
Back To Top