THE WAVERLY SOUTH BEACH REPORT | 2018 CONDO SALES
1 bedroom sales: Waverly 2018
| Condos Sold: | 6 |
| Price range: | $300,000 - $419,000 |
| Avg Price: | $340,333 |
| Avg Price /sq ft: | $426 |
2 bedroom sales: Waverly 2018
| Condos Sold: | 11 |
| Price range: | $475,000 - $900,000 |
| Avg Price: | $668,636 |
| Avg Price /sq ft: | $539 |
How much is your Waverly condo worth?Contact Ana for a free valuation.
Best Deal In The Building & West Avenue
WAVERLY #711 - $425,000 | $392 / SF
Best PRICE and best VALUE for a two bedroom at the Waverly South Beach. The only two bedroom under $450K, this split 2 bed / 2 bath layout is centered around a bright and spacious living area that opens up to a large balcony. Protected open views. The property can be enjoyed immediately or renovated.
Click To See Full Listing & Pictures >
Contact me to schedule a showing. Property is vacant and easy to show.
Waverly Two Bedroom Transactions - Historic TrendsCharted annually. 2018 is through July 31st.
Waverly One Bedroom Transactions - Historic TrendsCharted annually. 2018 is through July 31st.
Ana's Tip: Keep an Eye on Macro Indicators
Miami Beach Condo Inventory Is At All-Time Highs
$500K - $999K months of inventory: 33.7
$1M - $2.99M months of inventory: 48.3
$3M+ months of inventory: 86.4
The luxury condo market is still in the inventory accumulation phase, as 2017 closed out at all time highs in that regard. Inventory has to clear for pressure to come off prices. We are starting to see luxury properties sell at significant discounts off their asking prices, but the issue remains that there are so few bids past $3M and so much inventory. We will have to see how this plays out.
Relevant posts
http://analytics.miami/2018/04/17/miami-condo-bubble-the-cash-buyer-is-disappearing/
http://analytics.miami/2018/01/26/special-real-estate-report-miami-condo-inventory/
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