[Douglas Elliman Florida] 1Q 2011 Miami Market “Preview” Available For Download

[click to open report]

The inaugural Douglas Elliman Florida Report: Miami 1Q 2011 was published today. It’s been a journey to say the least and there is a lot more to come. This a preview of the coming quarterly analysis of the condo, townhouse and single family sales markets covering the coastal communities of Miami.

It’s the first detailed market analysis of its kind on the Miami market and the series content will be expanded in coming quarters with break outs for new development, distressed, non-distressed and locations.

We’ll be updating our chart gallery and custom data tables shortly.

UPDATE: Custom data tables are now live.

Here’s an excerpt from the report:

…There were 5,101 condo, townhouse and single family sales in the first quarter, 29.5% more than the same period last year. Sales activity remained above any prior quarter in the past 5 years. The increase in activity is due to a consistent absorption of distressed sales. The number of short sales expanded 10% over the past year and comprised 20.5% of all sales. REO sales nearly doubled over the same period representing 44.2% of the first quarter market…

View the original article here

[Like A Phone Book] Douglas Elliman Report: 2001-2010 Manhattan Available For Download

[click to open report]

The Douglas Elliman Report: 2001-2010 Manhattan that contains 60 pages of co-op/condo sales over a 10-year window that I author for Prudential Douglas Elliman was just released.

Other reports we prepare can be found here.

The data tables and a series of charts are updated with the 2010 data.

Press coverage can be found here.

An excerpt

…The three metrics to measure housing prices showed mixed result s over 2009. Median sales price for 2010 was $880,000, 3.5% above $850,000 in 2009 and more than double the $430, 000 in 2001. The 2010 result was the second highest only to the 2008 median price of $955, 000, which was considered the peak of the Manhattan market. Average sales price followed the same pattern, rising 4. 6% to $1,457, 255 in 2010 from $1, 393,001 in 2009. Like the median sales price the result was second highest onl y to the 2008 peak of $1, 591,823. The key reason for the year ov er year increase in these metrics was due to the shift in the m ix towards larger apartment sales. The 2009 housing market could be referred to as the “ye ar of the first time buyer” as entry-level apartment sales were the first to gain traction after the onset of the cr edit crunch in late 2008. The av erage square footage of an apartment sale in 2010 was 1, 375 square feet compared to 1,298 sq uare feet in 2009…

Douglas Elliman Report: 2001-2010 Manhattan [Miller Samuel]
Manhattan co-op/condo sales chart gallery [Miller Samuel]
Manhattan Market Report custom data tables [Miller Samuel]

View the original article here