South of Fifth Condo Inventory
Categories: Miami Beach, Real Estate News
hiHere’s a snapshot selected condominiums in the South of Fifth neighborhood arranged by the number of months of available inventory, calculated from their sales in the last 12 months. The monthly inventory is indicated with the blue circles, while the red bars represent the number of units currently being offered for sale.
If you are looking to sell a unit at the Apogee or the Cosmopolitan, where the monthly inventory is between 4 and 5 months you have reason to be optimistic-statistically speaking that is. On the other hand, if you have a unit for sale at the Portofino, Icon or Continuum North Tower, where the monthly inventory is between 13 and 20 months you might expect a longer marketing period.
The five buildings in the middle of the chart all have monthly inventories in the 6-9 month range, which represents balanced market conditions.
Click Chart to Enlarge
