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Key Biscayne Real Estate – April 2020

Key Biscayne Real Estate – April 2020

Resilience Despite the Covid-19 lockdown, there was actually Real Estate activity in Key Biscayne during April of 2019. Some segments of the market, like single family rentals, actually saw increased demand as families typically begin to move this time of the year.  Basic stats as follow: Total...

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Key Biscayne Real Estate: Dec. 2019

Key Biscayne Real Estate: Dec. 2019

Weakness in the Key Biscayne Real Estate market persisted during the month of December 2019. Stats as follows: Inventory saw a decline of 4% from December 2018 to December 2019 Total # of units sold decreased by 45% from December 2018 to December 2019 Inventory absorption worsened from 21 months...

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Brickell Condos: Dec. 2019

Brickell Condos: Dec. 2019

Despite a lull in activity, Inventory continued to shrink in the Brickell Condo market during during December 2019. Developers in the area continue to sit on the sidelines, thus buyers continue to absorb properties on the re-sale market. Key stats as follows: Inventory dropped by 13% from Dec....

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Key Biscayne Real Estate – Nov. 2019

Key Biscayne Real Estate – Nov. 2019

Weakness persisted in the real estate market in Key Biscayne during November of 2019. Key stats as follows: Total number of properties sold decreased by 42% from November 2018 to November 2019 Inventory remained flat from November 2018 to November 2019 Inventory absorption worsened from 22 months...

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Brickell Condos:  Nov. 2019

Brickell Condos: Nov. 2019

Despite a slight uptick from last month, Inventory in the Brickell condo market continued to drop from Nov. 2018 to November 2019. Beyond that, market activity continued to be weak. Key Stats as follows: Total Condo Inventory dropped by 12% from Nov. 2018 to Nov. 2019 Total Condo Sales dropped by...

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Brickell Condos – October 2019

Brickell Condos – October 2019

As developers are offering few new developments, buyers continue to target "re-sale" inventory in the Brickell area. As a result, Inventory has been dropping steadily. Key stats as follows: Inventory decreased by 12% from October 2018 to October 2019 Total number of units sold decreased by 10%...

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Key Biscayne Real Estate: October 2019

Key Biscayne Real Estate: October 2019

Sales activity in Key Biscayne continued to be slow during October of 2019. The good news seems to be that a trend of declining inventory may be developing. Should the trend continue, we should be seeing in the relative near future an increase of sales activity on the island. Key stats as follows:...

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Key Biscayne Real Estate: Sept. 2019

Key Biscayne Real Estate: Sept. 2019

While statistically things have not improved much in the real estate market in Key Biscayne during Sept. 2019, inventory has dropped to its lowest level in during the last 12 months. Key stats as follows: Inventory dropped by 4.5% from September 2018 to September 2019 Total # of properties sold...

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Brickell Condos: Sept. 2019

Brickell Condos: Sept. 2019

The improvement in the Brickell Condo market continued during September 2019 as inventory continues to drop and sales rose. As developers are barely coming to market with new properties, the re-sales are back in vogue. Key stats as follows: Inventory dropped by 10% from September 2018 to September...

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