2018 South of Fifth Condo News and Condo Market Trends

The South of Fifth Condo Market in 2017 and Our Expectations for 2018

 

The South of Fifth condo market is very unique. The luxurious condos sell the Miami Beach lifestyle and the area has always been in great demand because of its location and superb views. However, most of the South of Fifth condos have experienced price corrections in the last few years. Reason enough for the David Siddons Group to examine the 2017 market and to look forward to 2018.

2018 South of Fifth Condo News and Condo Market Trends

2018 South of Fifth Condo News and Condo Market Trends

The South of Fifth Condo Market in 2018

 

With high inventory and with more price-conscious buyers than in previous years, prices will need to come down. Our agents are noticing a decline in the amount of showings and buyers think the current market is overpriced, therefore more hesitant in making a final decision. Sellers need to be at market value if they want to sell and buyers need to be careful not to overpay. We see many luxury products on the Beach sell for 25% less then their asking prices (one of the tables below shows the average discrepancy between listing and sales prices per price range).

Read our tips for Sellers and Buyers of South of Fifth Real Estate in 2018

 

What is 2018 bringing to Continuum South Beach?

 

As Continuum is one of South Beach’s most desired condos we dedicated a blog on the performance of the Continuum tower. Our Miami Beach expert lives in Continuum and has the latest news for you

 

The 2018 Condo Forecast for Continuum South Beach

 

David Siddons is a top producing Miami real estate agent with over $65M in yearly sales. David is known for his Miami real estate market reports and many breaking Miami real estate reports. David loves to analyze and forecast the Miami real estate market

Contact David today at 

Siddons.d@ewm.com | +1.305.508.0899

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