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Charts
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The Winter 2019 Issue of Elliman Magazine was just released. I provided a two-page spread showing various market tidbits on random U.S. markets where Douglas Elliman has a footprint. The magazine is well done and a good aspirational read.
[click to expand]
Here’s the full online version of the magazine:
Tags: Elliman Magazine
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Infographics
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Here’s a jumbo infographic from Douglas Elliman covering the findings of the four market reports in South Florida we prepare for them. Thank goodness Matrix can handle super tall images.
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Reports
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Our 4 comprehensive reports for Douglas Elliman on the residential sales markets for Miami, Boca Raton, Fort Lauderdale and Palm Beach this week.
Click on each report to download!
MIAMI
With the Miami housing market well into the third
year of its recovery, rising prices have begun
to pull listing inventory into the market. Median
sales price increased 16.1% to $244,000, the
highest point reached since 2008. Average sales
price jumped 19.1% to $461,374 over last year to
a 5 year high and average price per square foot
exceeded $305 per square foot for the first time
in 6 years. Listing inventory bottomed in the second
quarter of 2013, trending higher, up 15.2% to 12,664 from the prior year quarter. Along with
the rise in supply, demand continued to rise.
The number of sales rose 3.9% to 5,133 from
the prior year quarter, to the highest first quarter
total in the 8 years this metric has been tracked.
The market share of distressed sales, once the
majority of the market, continued to decline.
Excluding short sales and foreclosures, market
share rose to 69.4%, the highest level reached
in the 4 years this metric has been tracked. The
number of distressed listings and distressed
With the Miami housing market well into the third
year of its recovery, rising prices have begun
to pull listing inventory into the market. Median
sales price increased 16.1% to $244,000, the
highest point reached since 2008. Average sales
price jumped 19.1% to $461,374 over last year to
a 5 year high and average price per square foot
exceeded $305 per square foot for the first time
in 6 years…
BOCA RATON
CONDO Median sales price surged 16.3% to $150,000
and average sales price declined 8.8% to
$229,569 respectively from the prior year
quarter. Listing discount, the percent
difference between the list price at time
of contract and the sales price, rose to
7% from 3.8% in the prior year quarter,
but fell from 7.7% in the prior quarter…
SINGLE FAMILY Median sales price jumped 19.4% to
$370,000 and average sales price rose
5.3% to $528,616 respectively from the
prior year quarter. Listing discount edged
up to 6.9% from 6.1% in the prior year
quarter, as sellers were slightly more
optimistic when determining their
listing price…
FORT LAUDERDALE
CONDO Median sales price jumped 19.8% to
$255,000 from the same quarter last year,
the highest level reached since 2008.
Average sales price followed the same
pattern, rising 23.9% to $379,391 over the
same period also reaching a 5 year high.
SINGLE FAMILY The average time to market
a property was 91 days, essentially
unchanged from 90 days in the prior year
quarter. Listing discount, the percentage
difference between the list price at time
of contract and the sales price, jumped
to 8.1% from 4.5% as sellers pressed list
prices higher than market trends support.
PALM BEACH
CONDO There were 68 sales during the quarter,
25.9% more than the same period last year.
Listing inventory fell 16.9% to 360 over the
same period. As a result the absorption
rate, the number of months to sell all
inventory at the current pace of sales, fell
34% to 15.9 months from the same period
last year. The faster market pace pushed
down days on market, the number of days
from the last price change to the contract
date, by 10 days to an average of 182 days.
SINGLE FAMILY Median sales price
increased 10.7% to $3,100,000 from the
prior year quarter to the highest first quarter
reached since 2009. Average sales price
jumped 56.7% to $6,450,093 over the same
period. The average square footage of a
sale was 5,261, up 20.9% from the prior
year quarter.
Tags: downloads
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Reports
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This week marked the end of what I call the “quarterly gauntlet” market report releases that I author for Douglas Elliman. If you’re interested, we’ve analyzed a bunch of markets:
NYC Metro Area
– Manhattan Sales
– Manhattan & Brooklyn Rentals
– Brooklyn Sales
– Queens Sales
– Westchester/Putnam Sales
– Long Island Sales
– Hamptons Sales
– North Fork Sales
South Florida
– Miami Sales
– Boca Raton Sales
– Fort Lauderdale Sales
– Palm Beach Sales
I’ve been writing this expanding report series for Douglas Elliman since 1994. You can also build custom data tables on information included in the reports using our aggregate database and a growing library of market charts.
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Reports
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Today Douglas Elliman published four 2Q 2013 South Florida market reports we prepare that include Miami, Boca Raton, Fort Lauderdale and Palm Beach.
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Reports
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[click images to open each market report]
We recently completed the 1Q 2013 South Florida market report series for Douglas Elliman. These markets include Miami, Boca Raton, Fort Lauderdale and Palm Beach.
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Reports
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We published our report on the Boca Raton, Florida sales market for 4Q 2012. This is part of an evolving market report series I’ve been writing for Douglas Elliman since 1994.
Key Points
Here’s an excerpt from the report:
CONDO/TOWNHOUSE Median sales price of a Boca Raton condo jumped 28.2% from $93,000 in the prior year quarter to $119,250. Over the same period, the number of sales edged 1.4% higher to 642. With 1,227 active listings, the monthly absorption rate was 5.7 months, consistent with the past several quarters…
SINGLE FAMILY Median sales price surged 17% from the prior year quarter to $310,000. Number of sales jumped 17.9% to 566 sales over the same period, the largest fourth quarter total in more than 6 years. With inventory at 1,127, the absorption rate, or number of months to sell all active listings at the current pace of sales, was 6 months, which was consistent with the past several quarters…
You can build your own custom data tables on the market – now updated with 4Q 12 data. We’ll be adding a chart library for this market area soon!
The Elliman Report: 4Q 2012 Boca Raton [Miller Samuel]
The Elliman Report: 4Q 2012 Boca Raton [Douglas Elliman]
Aggregated Custom Market Data Tables [Miller Samuel]
Tags: Absorption
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Reports
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We published our report on the Boca Raton, Florida sales market for 3Q 2012. This is part of an evolving market report series I’ve been writing for Douglas Elliman since 1994.
Key Points
-Overall condo price indicators were mixed. Smallest average size in more than 6 years driven by falling mortgage rates.
-Condo sales fell as single family sales jumped.
-Luxury condo and single family luxury price indicators showed double-digit increases over last year.
-Properties generally sold faster than last year.
-Buyers and sellers have moved closer together on price.
Here’s an excerpt from the report:
CONDO/TOWNHOUSE Average price per square foot of a condo increased 5.6% to $152 over the same period last year. Average sales price and median sales price declined 1.4% and 17.1% respectively. Average square foot was 1,295 square feet, the lowest in over six years, driven by record low mortgage rates…
SINGLE FAMILY There were 591 sales, 5.3% more than in the same period last year and the second highest total in more than six years. Average price per square foot jumped 9.6%, as average sales price and median sales price increased 14.9% and 21.2% respectively…
You can build your own custom data tables on the market – now updated with 3Q 12 data. We’ll be adding a chart library for this market area soon!
The Elliman Report: 3Q 2012 Boca Raton [Miller Samuel]
The Elliman Report: 3Q 2012 Boca Raton [Douglas Elliman]
Aggregated Custom Market Data Tables [Miller Samuel]
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Reports
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We published our inaugural report on the Boca Raton, Florida sales market for 2Q 2012. This is part of an evolving market report series I’ve been writing for Douglas Elliman since 1994.
Key Points
Boca Raton, Florida
-All condo price indicators were up year-over-year.
-Condo sales below year ago quarter but second highest sales level in more than 6 years.
-Condos sold two weeks faster that the year ago quarter, taking an average of 158 days.
-Single family price indicators were mixed as the number of sales edged higher.
-Median sales price in luxury market (top 10%) outpaced the overall market.
Here’s an excerpt from the report:
CONDO/TOWNHOUSE Median sales prices was $125,000, its highest level in two years, and up 9.4% from $114,250 in the prior year quarter. Average sales price and price per square foot followed the same pattern. Number of sales were 8.1% below prior year levels, but represented 54.2% of all market sales…
SINGLE FAMILY Median sales price slipped 1.7% to $285,000 from prior year levels, while average sales price increased 1.5% to $518,485 over the same period. Number of sales were 1.5% above prior year levels and represented 45.8% of all market sales….
You can build your own custom data tables on the market – now updated with 2Q 12 data. We’ll be adding a chart library for this market area soon!
The Elliman Report: 2Q 2012 Boca Raton [Miller Samuel]
The Elliman Report: 2Q 2012 Boca Raton [Douglas Elliman]
Aggregated Custom Market Data Tables [Miller Samuel]
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Jonathan Miller is President and CEO of Miller Samuel Inc., a real estate appraisal and consulting firm he co-founded in 1986. He is a state-certified real estate appraiser in New York and Connecticut, performing court testimony as an expert witness in various local, state, and federal courts. He holds the Counselors of Real Estate (CRE) designation, is an Appraiser “A” Member of the Real Estate Board of New York, and is a member of RAC.
Learn More...
You'll be able to choose from an array of robust housing metrics compiled using research developed during the preparation of our market report series. Expanded significantly from prior offerings, use this resource to build charts and custom data tables or leverage your own information for more powerful research and presentations.
In the meantime, here is a small sample of the aggregated data we will provide.
Forbes ('20-)
Appraisersblogs ('17-)
'Three Cents Worth' column 3CW ('05-'16)
When Curbed was acquired by Vox, my eleven years of 3CW chart art and column links were broken on Curbed NY, Curbed DC, Curbed Miami, Curbed Hamptons, Curbed LA, and Curbed Ski.
Many of my 3CW charts can be found here:
Curbed 3CW Full Chart Archive
Op-ed column ('14-'15)
'Economic Spotlight column ('03-'09)
New York Times experiment ('08-09')
Huffington Post (09')
Favorite "How to Value" Posts
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