{"id":68530,"date":"2012-12-07T06:00:38","date_gmt":"2012-12-07T06:00:38","guid":{"rendered":"http:\/\/ashleycusack.com\/2012\/12\/07\/miami-beach-condo-market-update\/"},"modified":"2019-04-23T20:49:30","modified_gmt":"2019-04-23T20:49:30","slug":"miami-beach-condo-market-update","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/miami-beach-condo-market-update\/","title":{"rendered":"Miami Beach Condo Market Update"},"content":{"rendered":"<p style=\"text-align: center;\"><a rel=\"attachment wp-att-2547\" href=\"https:\/\/www.ewmrealestate.com\/blog\/2012\/12\/07\/miami-beach-condo-market-update\/d1214203_201_121jpg-2-2\/\"><img loading=\"lazy\" class=\"aligncenter size-large wp-image-2547\" title=\"Miami Beach condo market update\" src=\"http:\/\/ashleycusack.com\/files\/2012\/12\/Miami-Beach-1024x853.jpg\" alt=\"Miami Beach condo market update\" width=\"430\" height=\"358\" \/><\/a><\/p>\n<p>With Art Basel going on this week, I thought it would be fun to talk about the Miami Beach luxury condo market today. I was with some buyers out there earlier this week and really felt the comeback that has occurred since the real estate crash. My analysis covers all condos on Miami Beach priced between $1.25 million &#8211; $3 million. Condo inventory is way down &#8211; at the height of the market in 2007, there were 351 condos on the market and right now there are only 142 units available, a 60% decrease! Prices are on the rise &#8211; the average selling price per square foot is $1,033 which is an all time high (see attached chart showing average $\/Sq Ft since 2002) &#8211; what an achievement! Another staggering statistic about Miami Beach sales? 70% of EWM\u2019s sales on the Beach are cash transactions, which is certainly a driving force behind the recovery.\u00a0It\u2019s definitely a fun time to be on Miami Beach \u2013 get out there and enjoy it!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With Art Basel going on this week, I thought it would be fun to talk about the Miami Beach luxury condo market today. I was with some buyers out there earlier this week and really felt the comeback that has occurred since the real estate crash. My analysis covers all condos on Miami Beach priced<\/p>\n<p class=\"more-link\"><a href=\"https:\/\/ewmrealestate.com\/blog\/miami-beach-condo-market-update\/\" class=\"themebutton2\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Miami Beach Condo Market Update - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/miami-beach-condo-market-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Miami Beach Condo Market Update - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"With Art Basel going on this week, I thought it would be fun to talk about the Miami Beach luxury condo market today. I was with some buyers out there earlier this week and really felt the comeback that has occurred since the real estate crash. 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