Vizcayne Resident & True Building Specialist
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MARKET REPORT Summer / Verano 2018 READ THIS REPORT BEFORE SELLING, BUYING OR RENTING! DID YOU KNOW THERE ARE 122 PROPERTIES FOR SALE IN THE BUILDING? SELLERS: HOW DO YOU STAND VERSUS YOUR COMPETITION? FULLY UPDATED BUILDING STATISTICS AVERAGE PRICES PER UNIT TYPE PAST/RECENT SALES & RENTALS ANALYZE CURRENT TRENDS & MARKET STRENGTH EXPERT GUIDANCE FROM A CURRENT VIZCAYNE RESIDENT & TRUE BUILDING SPECIALIST REALTOR-ASSOCIATE | MASTER OF FINANCE FORTUNE’S TOP PRODUCER GOLD CIRCLE 786.327.8874 | [email protected] www.AdrianMoralesRealtor.com *Current & Summer statistics were taken in August *Las estadísticas actuales y de los meses de verano fueron tomadas en Agosto CURRENTLY FOR SALE BREAKDOWN PER UNIT TYPE / A LA VENTA POR TIPO DE UNIDAD UNIT TYPE QTY LOW PRICE HIGH PRICE AVG. PRICE AVG. $/Ft2 AVG. DAYS ON THE MARKET Studio 10 $193,000 $399,000 $266,090 $447 341 (11.4 months) 1 Bedroom 49 $209,000 $450,000 $313,192 $351 374 (12.5 months) 2 Bedroom 48 $294,900 $895,000 $499,727 $424 437 (14.6 months) 3 Bedroom 14 $330,000 $2,499,000 $1,127,279 $543 451 (15 months) 4 Bedroom 1 $1,125,000 $1,125,000 $1,125,000 $438 163 (5.4 months) Full Building 122 $193,000 $2,499,000 $482,796 $410 403 (13.4 months) SOLD DURING LAST 6 MONTHS / VENDIDAS EN LOS ULTIMOS 6 MESES MY SALES ARE HIGHLIGHTED IN YELLOW / MIS VENTAS ESTAN RESALTADAS EN AMARILLO DAYS # ADDRESS #BR #BA #HBA #GAR LIST PRICE SALE PRICE LA Ft2 SP$/Ft2 MKT 1 244 BISCAYNE BL Unit#345 0 1 0 1 $180,000 $180,000 10 506 $355.73 2 253 NE 2nd St Unit#224 0 1 0 1 $195,000 $157,000 346 506 $310.28 3 244 BISCAYNE BL Unit#342 0 1 0 1 $195,000 $190,000 406 501 $379.24 4 253 NE 2nd St Unit#619 1 1 1 0 $229,000 $211,000 4 978 $215.75 5 253 NE 2nd Unit#1504 1 1 0 1 $250,000 $225,000 56 806 $279.16 6 253 NE 2nd St Unit#2004 1 1 0 1 $250,000 $235,000 122 806 $291.56 7 253 NE 2nd St Unit#2904 1 1 0 1 $255,000 $237,500 27 802 $296.13 8 253 NE 2nd St Unit#3305 0 1 0 1 $265,000 $250,000 306 708 $353.11 9 244 Biscayne Blvd Unit#2206 1 1 0 1 $275,000 $265,000 407 806 $328.78 10 253 NE 2nd St Unit#1005 1 1 0 1 $278,000 $274,000 320 802 $341.65 11 253 NE 2nd St Unit#2605 1 1 0 1 $290,000 $275,000 152 802 $342.89 12 244 Biscayne blvd Unit#1905 1 1 0 0 $299,900 $275,000 643 806 $341.19 13 253 NE 2nd St Unit#1607 1 1 0 1 $335,000 $280,000 86 802 $349.13 14 253 NE 2 ST Unit#2502 1 2 0 1 $295,000 $290,000 1,168 989 $293.23 15 253 NE 2 ST Unit#910 2 2 0 1 $320,000 $290,000 677 929 $312.16 16 253 NE 2nd St Unit#2602 2 2 0 1 $345,555 $290,000 328 989 $293.23 17 253 NE 2nd St Unit#1710 2 2 0 1 $299,000 $291,000 164 929 $313.24 18 244 Biscayne Blvd Unit#3308 2 2 0 1 $549,777 $525,000 213 1,203 $436.40 19 253 NE 2nd St Unit#4007 2 2 0 1 $580,000 $535,000 171 1,293 $413.77 20 253 NE 2nd St Unit#4307 2 2 0 1 $600,000 $567,500 20 1,293 $438.90 21 244 Biscayne Blvd Unit#4008 3 3 0 1 $769,900 $630,000 590 1,795 $350.97 #BEDS #FBATH Ft2 LIST PRICE LP$/Ft2 SALE PRICE SP$/Ft2 SP$/LP$ DAYS MKT LOW 0 1 501 $195,000 $234 $157,000 $216 59.0% 4 HIGH 3 3 1795 $769,900 $464 $630,000 $439 99.0% 891 AVERAGE 927 $343,807 $364 $304,650 $326 90.0% 212 MEDIAN 806 $292,500 $356 $275,000 $321 93.0% 138 PAGE 2 - VIZCAYNE MARKET REPORT - SUMMER 2018 SOLD DURING LAST 12 MONTHS / VENDIDAS EN LOS ULTIMOS 12 MESES MY SALES ARE HIGHLIGHTED IN YELLOW / MIS VENTAS ESTAN RESALTADAS EN AMARILLO DAYS # ADDRESS #BR #BA #HBA #GAR LIST PRICE SALE PRICE LA Ft2 SP$/Ft2 MKT 1 244 BISCAYNE BLVD. Unit#340 0 1 0 1 $175,000 $150,000 63 468 $320.51 2 244 BISCAYNE BL Unit#345 0 1 0 1 $180,000 $180,000 10 506 $355.73 3 253 NE 2nd St Unit#224 0 1 0 1 $195,000 $157,000 346 506 $310.28 4 244 BISCAYNE BL Unit#342 0 1 0 1 $195,000 $190,000 406 501 $379.24 5 253 NE 2nd St Unit#619 1 1 1 1 $229,000 $211,000 4 978 $215.75 6 253 NE 2nd St Unit#428 1 1 1 1 $232,000 $215,000 227 978 $219.84 7 253 NE 2nd Unit#1504 1 1 0 1 $250,000 $225,000 56 806 $279.16 8 253 NE 2nd St Unit#2004 1 1 0 1 $250,000 $235,000 122 806 $291.56 9 253 NE 2nd St Unit#2904 1 1 0 1 $255,000 $237,500 27 802 $296.13 10 244 BISCAYNE BL Unit#1206 1 1 0 1 $255,000 $248,000 291 806 $307.69 11 253 NE 2nd St Unit#3305 0 1 0 1 $265,000 $250,000 306 708 $353.11 12 244 Biscayne Blvd Unit#906 1 1 0 1 $270,000 $250,000 507 806 $310.17 13 253 NE 2nd St Unit#907 1 1 0 1 $280,000 $250,000 508 802 $311.72 14 253 NE 2nd St Unit#2206 1 1 0 1 $264,900 $260,000 227 806 $322.58 15 244 Biscayne Blvd Unit#2206 1 1 0 1 $275,000 $265,000 407 806 $328.78 16 253 NE 2 ST Unit#1205 1 1 0 1 $279,000 $270,000 966 802 $336.66 17 253 NE 2nd St Unit#1005 1 1 0 1 $278,000 $274,000 320 802 $341.65 18 253 NE 2nd St Unit#2605 1 1 0 1 $290,000 $275,000 152 802 $342.89 19 244 Biscayne blvd Unit#1905 1 1 0 1 $299,900 $275,000 643 806 $341.19 20 253 NE 2nd St Unit#1607 1 1 0 1 $335,000 $280,000 86 802 $349.13 21 244 Biscayne Blvd Unit#2010 2 2 0 1 $298,000 $280,000 27 929 $301.40 22 253 NE 2 ST Unit#2502 1 2 0 1 $295,000 $290,000 1,168 989 $293.23 23 253 NE 2 ST Unit#910 2 2 0 1 $320,000 $290,000 677 929 $312.16 24 253 NE 2nd St Unit#2602 2 2 0 1 $345,555 $290,000 328 989 $293.23 25 253 NE 2nd St Unit#1710 2 2 0 1 $299,000 $291,000 164 929 $313.24 26 253 NE 2 ST Unit#1801 2 2 0 1 $380,000 $380,000 740 940 $404.26 27 244 Biscayne Blvd Unit#3308 2 2 0 1 $549,777 $525,000 213 1,203 $436.40 28 244 Biscayne Blvd Unit#2203 3 2 1 1 $589,775 $525,000 201 1,590 $330.19 29 253 NE 2nd St Unit#4007 2 2 0 1 $580,000 $535,000 171 1,293 $413.77 30 253 NE 2nd St Unit#4307 2 2 0 1 $600,000 $567,500 20 1,293 $438.90 31 244 Biscayne Blvd Unit#4008 3 3 0 1 $769,900 $630,000 590 1,795 $350.97 #BEDS #FBATH Ft2 LIST PRICE LP$/Ft2 SALE PRICE SP$/Ft2 SP$/LP$ DAYS MKT LOW 0 1 468 $175,000 $234 $150,000 $216 59.0% 4 HIGH 3 3 1795 $769,900 $464 $630,000 $439 100.0% 966 AVERAGE 916 $329,994 $355 $297,367 $323 91.0% 235 MEDIAN 806 $279,500 $349 $272,000 $317 93.0% 139 PAGE 3 - VIZCAYNE MARKET REPORT - SUMMER 2018 NUMBER OF UNITS RENTED PER MONTH Until now, 2018 has seen an average 30 of 19 units rented each month at 2017 29 Vizcayne. 2018 26 Even though rentals have come 23 23 down from their highs, both prices 22 22 21 21 21 & demand for units remain healthy. 19 19 17 Hasta ahora, el 2018 ha visto un 16 16 promedio de 19 unidades rentadas por 15 15 mes en el edificio. 12 12 Aunque las rentas han bajado un poco de sus niveles máximos, los precios y la demanda se mantienen relativamente altos. JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC CURRENT UNITS FOR RENT / ACTUALMENTE PARA LA RENTA UNIT TYPE # OF UNITS LOW HIGH AVERAGE FOR RENT PRICE PRICE PRICE Studio Unfurnished 5 $1,500 $1,650 $1,590 Studio Furnished 2 $1,700 $1,850 $1,775 1 Bdrm Unfurnished 9 $1,850 $2,200 $2,022 1 Bdrm Furnished 11 $2,000 $2,500 $2,227 2 Bdrm Unfurnished 28 $2,000 $3,300 $2,733 2 Bdrm Furnished 12 $2,250 $3,500 $2,893 3 Bdrm Unfurnished 3 $4,400 $4,900 $4,567 3 Bdrm Furnished 6 $3,500 $8,000 $5,533 4 Bdrm Unfurnished 0 $0 $0 $0 4 Bdrm Furnished 0 $0 $0 $0 Total Unfurnished 45 $1,500 $4,900 Total Furnished 31 $1,700 $8,000 Total Units 76 $1,500 $8,000 PAGE 4 - VIZCAYNE MARKET REPORT - SUMMER 2018 RENTED UNITS DURING LAST 3 MONTHS / UNIDADES RENTADAS EN LOS ULTIMOS 3 MESES UNIT TYPE # OF UNITS AVG.