Nine luxury waterfront condos comprise the South Beach condo index. The activity for the first six months, which are considered "season" here in Miami Beach, has been extremely light.
Some condos like Apogee South Beach and Continuum North continue to have gains. Most of the other condominiums in the index have drops in sales and $psf.
Year-over-Year stats for 2008 vs.2009 for the period of 1/1 thru 6/30 show a 39% decrease in sales and a 20% decrease in $psf.
The condos in the South Beach Condo Index include:
To read the rest of the post on Miami Beach luxury real estate statistics, click here
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Miami, Miami Beach and South Beach luxury real estate from the area’s most respected Realtor®. I specialize in immediate occupancy condos, pre-construction condos and condo-hotels in Miami-Dade Co.
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