{"id":11636,"date":"2009-04-22T14:06:52","date_gmt":"2009-04-22T14:06:52","guid":{"rendered":"http:\/\/blog.ewm.com\/2009\/04\/22\/miami-luxury-real-estate-market-snapshot-april-2009\/"},"modified":"2009-04-22T14:06:52","modified_gmt":"2009-04-22T14:06:52","slug":"miami-luxury-real-estate-market-snapshot-april-2009","status":"publish","type":"post","link":"https:\/\/blog.myewm.com\/?p=11636","title":{"rendered":"Miami Luxury Real Estate- Market Snapshot April 2009"},"content":{"rendered":"<p>Here&#8217;s a quick snapshot of single-family<strong> home sales\u00a0 in excess of $7.5 million<\/strong> across <strong>Miami-Dade and Coral Gables<\/strong> for the past 3 years:<\/p>\n<p><img src=\"file:\/\/\/Users\/BethButler\/Library\/Caches\/TemporaryItems\/moz-screenshot.jpg\" alt=\"\" \/><img src=\"file:\/\/\/Users\/BethButler\/Library\/Caches\/TemporaryItems\/moz-screenshot-1.jpg\" alt=\"\" \/><br \/>\n<strong>Miami-Dade\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 Miami-Dade\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0 Coral Gables\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Coral Gables<br \/>\n# Homes Sold\u00a0\u00a0\u00a0 \u00a0\u00a0 # Homes Sold\u00a0\u00a0\u00a0 \u00a0\u00a0 # Homes Sold\u00a0\u00a0\u00a0 \u00a0\u00a0 # Homes Sold<br \/>\n<span style=\"text-decoration: underline;\"> YEAR\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $\u00a0\u00a0 7.5m &#8211; $10.0m\u00a0\u00a0\u00a0 \u00a0\u00a0 $10.0m+\u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0 $7.5m &#8211; $10.0m\u00a0\u00a0\u00a0 \u00a0\u00a0 $10.0m+ <\/span><\/strong><br \/>\n3\/06 &#8211; 2\/07\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 12\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 4\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 0<br \/>\n3\/07 &#8211; 2\/08\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 9 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 8\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 3\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2<br \/>\n3\/08 &#8211; 3\/09\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 7\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 7\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1<\/p>\n<p>MLS Inventory 4\/09\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0 42 homes\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 70 homes\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10 homes\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 11 homes<br \/>\n# Years Supply\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 6 years\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10 years\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 3.33 years\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 11 years<\/p>\n<p>As these numbers reflect, sales in the high end are still\u00a0 challenging.\u00a0 EWM leads the sales of $1 million+\u00a0 single family homes with a\u00a0 21%\u00a0 market share in Miami-Dade and a 36% market share in Coral Gables.<\/p>\n<p>The industry as a whole\u00a0 is only selling 32% of the $1 million+\u00a0 single family homes and condos in Miami-Dade that we were selling 4 years ago.\u00a0\u00a0 Sales in the over $1,000,000 price range are down by two-thirds.\u00a0 <strong>Look for some more price reductions in the over $1 million Miami Real Estate Market.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s a quick snapshot of single-family home sales\u00a0 in excess of $7.5 million across Miami-Dade and Coral Gables for the past 3 years: Miami-Dade\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 Miami-Dade\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0 Coral Gables\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Coral Gables # Homes Sold\u00a0\u00a0\u00a0 \u00a0\u00a0 # Homes Sold\u00a0\u00a0\u00a0 \u00a0\u00a0 # Homes Sold\u00a0\u00a0\u00a0 \u00a0\u00a0 # Homes Sold YEAR\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $\u00a0\u00a0 7.5m &#8211; $10.0m\u00a0\u00a0\u00a0 \u00a0\u00a0 $10.0m+\u00a0\u00a0\u00a0 \u00a0 [&hellip;]<\/p>\n","protected":false},"author":1433,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[59],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/posts\/11636"}],"collection":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/users\/1433"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11636"}],"version-history":[{"count":0,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/posts\/11636\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}