O N E S O T H E B Y S R E A L T Y . C O M

M I D - Y E A R U P D A T E

2015

R E A L E S T A T E M A R K E T R E P O R T

M I A M I / N O R T H E N D

Current Status: Miami-Dade*

Number of Transactions (YTD)

Average Price per Square Foot (YTD) 1

Luxury Spotlight (YTD)

935

$445

$1M to $5M Transactions

$5M to $10M Transactions

$10M+ Transactions

Avg. Home Price

$2,058,176Avg. Home Price

$6,834,424Avg. Home Price

$15,966,667

# Sold

37239.8% of total transactions

# Sold

414.3% of total transactions

# Sold

151.6% of total transactions

# Listed

996# Listed

128# Listed

91

* Numbers include only the county’s most prominent neighborhoods. For a full list, visit onesothebysrealty.com/trends (p. 4).

Miami-Dade County’s housing market offers a broad variety of single-family, townhome and

condominium properties. From $10-million-dollar-plus mansions in exclusive waterfront

enclaves like Indian Creek Village and Golden Beach to downtown Miami skyscrapers and

historic Coral Gables properties, Miami-Dade’s luxury market is substantial and diverse.

Miami has a vibrant and growing condominium market of both new and resale homes

and a strong luxury, single-family market, reflecting its emergence as a globally significant

property market that attracts buyers from throughout the Americas and beyond.

AventuraHome of the Aventura Mall and the Turnberry golf resort, Aventura’s condo market saw an

excellent year of appreciation that is reflected in a wave of new developments including

Bellini, Echo Aventura and Prive. Although only a small percentage of units sold, those that

did traded at an average of 25% year-over-year premiums. In a rare occurrence, the non-

waterfront sample sold at a higher price because the waterfront sample was characterized

by older and small-lot lakefront homes.

1. All percentage changes were calculated comparing 1st Half 2015 to 1st Half 2014.

The Condo Market (YTD)1,2

WF ‡

% Sample Traded †

1%

Avg. Sales Price Avg. S.F. Avg. $/S.F. % Change ($/S.F.)

$4792,888$1,382,500 g 25%

The Single-Family Home Market (YTD)1

Non-Waterfront: Avg. $/S.F.

Aventura

$1,000$500$0

$382 g 46%

$1,000$500$0

$338 h 12%

Waterfront: Avg. $/S.F.

Avg. Home Price

$1,090,000Aventura

Non-Waterfront

h 16%

Avg. Home Price

$913,750Aventura

Waterfront

h 56%

Spotlight: Luxury Single-Family Home Transactions*

Bal Harbour & SurfsideSurfside and Bal Harbour represent the northern communities on Miami Beach’s barrier

island. After the massive sale of the St. Regis Hotel condos in 2014 that created a 40%+

year-over-year PPSF increase, the condo resale market returned to par pricing in the $1,300

PSF range. Surfside saw a sharp price increase, although it could be small-sample bias with

five sales in the sample. Only three single-family homes sold in Bal Harbour at an average

of $701 PSF; Surfside homes sold at lower prices but experienced modest appreciation.

The Condo Market: Bal Harbour (YTD)1,2

The Single-Family Home Market (YTD)1

WF ‡

% Sample Traded †

1%

Avg. Sales Price Avg. S.F. Avg. $/S.F. % Change ($/S.F.)

$1,3262,795$3,706,573 h 49%

Non-Waterfront: Avg. $/S.F.

Bal Harbour Surfside

$1,000$500$0

$701$334

N/Ag 15%

$1,000$500$0

N/A

Waterfront: Avg. $/S.F.

Avg. Home Price

$2,075,000

$655,031

Bal Harbour

Surfside

Non-Waterfront

N/A

h 4%

Avg. Home Price

No Trans.

$3,537,500

Bal Harbour

Surfside

Waterfront

h 5%

The Condo Market: Surfside (YTD)1,2

WF ‡

% Sample Traded †

1%

Avg. Sales Price Avg. S.F. Avg. $/S.F. % Change ($/S.F.)

$6701,847$1,238,200 g 39%

* The top 50% of each market, by average price.

Spotlight: Luxury Single-Family Home Transactions*

‡ WF: Waterfront

$613 g 2%

no transactions

2. Condo sections do not contain a Luxury Spotlight, since the product sample is already representative of the high-end market.

Sunny Isles & Golden BeachSunny Isles saw a moderate turn towards smaller units in 2015, with overall pricing dipping

but PSF pricing increasing 2%. These numbers do not reflect the area’s new wave of ultra-

luxury projects, such as the billionaire-friendly Porsche Design Tower. Golden Beach,

with some of the few direct oceanfront houses and whose past and present residents

include Sammy Sosa and Ricky Martin, saw modest appreciation; the depreciation among

waterfront properties is not significant as there were only two transactions to date.

WF ‡

% Sample Traded †

2%

Avg. Sales Price Avg. S.F. Avg. $/S.F. % Change ($/S.F.)

$9931,529$1,517,900 g 2%

The Condo Market: Sunny Isles (YTD)1,2

The Single-Family Home Market (YTD)1

Non-Waterfront: Avg. $/S.F.

Golden Beach

$1,000$500$0

$445 g 10%

$1,000$500$0

$886 h 7%

Waterfront: Avg. $/S.F.

Avg. Home Price

$2,216,667Golden Beach

Non-Waterfront

g 18%

Avg. Home Price

$5,550,000Golden Beach

Waterfront

h 28%

Spotlight: Luxury Single-Family Home Transactions*

©MMXV ONE Sotheby’s International Realty, licensed real estate broker. Sotheby’s International Realty® is a licensed trademark to Sotheby’s In-ternational Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Office is Independently Owned and Operated. Statistics provided by Integra Realty Resources – Miami\Palm Beach. The information contained herein is deemed accurate but not guaranteed.

† For details on methodology, please see our 2015 report at onesothebysrealty.com/trends (p. 5).

View our full 2015 TRENDS Real Estate Report:

onesothebysrealty.com/trends

Interested in following live stats and listing activity?

Please visit onesothebysrealty.com/north-miami.