Published by Peter Zalewski
3/24/2024 
2:14:01 AM 
North Miami is in a buyers market for condos with nearly 10 months of supply currently listed for sale near the end of the South Florida Winter Buying Season, according to an analysis of statistics compiled by CondoVulturesRealty.com.
In the 12 months of 2023, buyers purchased an average of about 34 units per month for a total of nearly 410 units between January and December.
The North Miami market is defined for this report as the Intracoastal Waterway west to Interstate 95, and Northeast/ Northwest 163rd Street south to Northeast/ Northwest 87th Street. The North Miami market includes the neighborhoods of SoLe Mia (formerly Biscayne Landing), Sans Souci and Quayside.
Based on the current active listings in the Multiple Listing Service – a database used by Realtors to market condos – the North Miami area is in a buyers market with a supply of nearly 325 units available for purchase.
We have crunched the statistics for the Year 2023 and plan on publishing a series of of reports during the next two weeks looking at the winners and losers in the secondary Miami-Dade County markets of Aventura, North Miami, Miami’s Upper East Side, North Bay Village, Miami’s Little Havana, Coral Gables and Miami’s Coconut Grove.
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This information is believed to be accurate and complete but cannot be guaranteed or warranted. For more information, please call 305.865.5859 or visit CondoVulturesRealty.com
Copyright © 2024 Condo Vultures®, LLC. All Rights Reserved.
Condo Market Inventory Tracker
A Snapshot Of North Bay Village
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| Condos | 113 | 7.9 |
| Luxury Condos | 17 | 34.0 |
| Shortsales | 0 | 0.0 |
| REOs | 0 | 0.0 |
| Rentals | 102 | 3.7 |
Peter Zalewski is a licensed real estate broker and consultant focused on the South Florida condo market. Zalewski is a former special contributor to the Miami Herald and a former real estate columnist for The Real Deal magazine. Zalewski now hosts the Miami Real Estate Investing Podcast that is available in audio and video wherever you get your podcasts.
Confused about whether it is the appropriate time to buy or sell a condo in South Florida? The experts at CVR Realty are here to assist you in crafting a strategy during this uncertain time. Unlike many brokers offering services, our organization has been through the cycles and can assist you to capitalize on the situation.
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