Published by Peter Zalewski
3/25/2024 
7:47:19 PM 
North Bay Village is in a buyers market for condos with nearly eight 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.
North Bay Village is a three-island community located on the John F. Kennedy Causeway in the center of Biscayne Bay between the Miami mainland and the barrier island city of Miami Beach. The causeway stretches from Miami’s Northeast 79th Street to Miami Beach’s 71st Street.
In the 12 months of 2023, buyers purchased an average of more than 14 units per month for a total of about 171 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 city of North Bay Village is in a buyers market with a supply of nearly 115 units available for purchase.
We have crunched the statistics for the Year 2023 and plan on publishing a series of of reports during these last two weeks on CondoVultures.com 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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