A review of the latest luxury condo statistics shows the average asking price in the Hollywood – Hallandale Beach market is about $1,033 per square foot.
The Hollywood – Hallandale Beach condo market is in a buyers market with about 18 months of supply currently listed for sale in the final month of the South Florida Winter Buying Season, according to an analysis of statistics compiled by CondoVulturesRealty.com.
The Hollywood – Hallandale Beach market is defined for this report as the Miami-Dade County line north to Dania Beach Boulevard, and the Atlantic Ocean west to Federal Highway.
In the 12 months of 2023, buyers purchased an average of about seven luxury units per month for a total of nearly 90 units between January and December.
Based on the current active listings in the Multiple Listing Service – a database used by Realtors to market condos – the Hollywood – Hallandale Beach area is in a buyers market with a supply of more than 130 luxury units available for purchase.
We have crunched the statistics for the Year 2023 and plan on publishing a series of reports during this week on CondoVultures.com looking at the winners and losers in the Hollywood – Hallandale Beach market in Southeast Broward County.
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