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

3Q 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 - D A D E ’ S M O S T P R O M I N E N T N E I G H B O R H O O D S

Current Status1

Miami-Dade data for select luxury markets demonstrates that overall pricing is up over

4% year-over-year between 3Q 2014 and 3Q 2015. Notably, both the SF and Condo market

saw a decline in number of transactions and average sales price. However, this is due

to smaller average home sizes, and pricing per sq. ft. is considered the benchmark for

effective price appreciation. Following a relatively strong 2015, pricing appears to be

stabilizing following two strong years of appreciation. The luxury waterfront single-family

segment showed the largest appreciation at 6% Y-O-Y, despite an 8% decline in activity.

©MMXV ONE Sotheby’s International Realty, licensed real estate broker. Sotheby’s International Realty® is a licensed trademark to Sotheby’s In-ternational Realty Affi liates LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Offi ce 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).

Number of Transactions

Average Living Area (SF)

Average Sales Price

Average Priceper Square Foot

780

h 10%from 863 transactions

during 3Q 2014

2,500

h 5%from 2,640 square feet

during 3Q 2014

$1.27M

h 5%from $1.34M

during 3Q 2014

$510

0%from $508

during 3Q 2014

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

To view our 2015 market report, please visit

.http://issuu.com/tejeragroup/docs/tejera_issuu_trends2015?e=12690857/11924373

OceanaBal Harbour

The Single-Family Home Market1 The Condo Market2

Waterfront Homes

Non-Waterfront Homes

# Transactions

67

Avg. $/S.F.

$826

Avg. S.F.

4,202

Avg. Sales Price

$3,471,613

h 8%(73)

3Q 2015 »

% Change(3Q 2014) »

h 23%($4,533,995)

h 24%(5,536)

g 1%($819)

# Transactions

431

Avg. $/S.F.

$368

Avg. S.F.

2,879

Avg. Sales Price

$1,058,431

h 4%(450)

3Q 2015 »

% Change(3Q 2014) »

h 1%($1,064,261)

h 5%(3,028)

g 5%($351)

Luxury Waterfront Homes

Luxury Non-Waterfront Homes

# Transactions

33

Avg. $/S.F.

$1,049

Avg. S.F.

5,699

Avg. Sales Price

$5,979,167

h 8%(36)

3Q 2015 »

% Change(3Q 2014) »

h 24%($7,895,958)

h 28%(7,957)

g 6%($942)

# Transactions

215

Avg. $/S.F.

$432

Avg. S.F.

3,679

Avg. Sales Price

$1,589,540

h 6%(229)

3Q 2015 »

% Change(3Q 2014) »

h 2%($1,621,854)

h 4%(3,840)

g 2%($422)

Waterfront Condos

Non-Waterfront Condos

% Sample Traded

1.3%

Avg. $/S.F.

$779

Avg. S.F.

1,671

Avg. Sales Price

$1,301,5623Q 2015 »

% Change(3Q 2014) »

g 6%($1,229,658)

g 1%(1,647)

g 4%($747)

% Sample Traded

0.9%

Avg. $/S.F.

$450

Avg. S.F.

1,114

Avg. Sales Price

$501,5403Q 2015 »

% Change(3Q 2014) »

g 2%($489,988)

h 2%(1,139)

g 5%($430)

Louver HouseSouth of Fifth, Miami Beach

Three Hundred CollinsSouth of Fifth, Miami Beach

L’AtelierMiami Beach

Ritz-Carlton ResidencesMiami Beach

KaiBay Harbor Islands

One Thousand MuseumMiami

Brickell City CentreMiami

Mansions at DoralMiami

900 Brickell Key Boulevard, #3401 | Miami, FL

Spotlight: The Luxury Market*

* The top 50% of Miami-Dade’s most prominent neighborhoods, by average price.

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

Exclusive Developments: Pre-ConstructionFor details, please visit onesothebysrealty.com/exclusive-developments.

2. Condo sections do not contain a Luxury Spotlight, since the product sample is already representative of the high-end market. For details on methodology, please see our 2015 report at onesothebysrealty.com/trends (p. 5).