Market Report 3Rd Quarter 2017
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MARKET REPORT 3RD QUARTER 2017 READ THIS REPORT BEFORE SELLING, BUYING OR RENTING! DID YOU KNOW THERE ARE 72 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 AN EXPERIENCED MINT RESIDENT & TRUE BUILDING SPECIALIST REALTOR-ASSOCIATE | MASTER OF FINANCE 786.327.8874 | [email protected] www.AdrianMoralesRealtor.com * All current and 3rd quarter statistics were taken in October. * Todas las estadisticas actuales y del 3er trimestre fueron tomadas en Octubre. 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 1 Bedroom 16 $269,000 $345,000 $306,813 $401 184 (6.1 months) 2 Bedroom 39 $339,000 $1,295,000 $509,508 $399 181 (6.0 months) 3 Bedroom 17 $519,900 $829,000 $676,753 $429 190 (6.3 months) 4 Bedroom 0 $0 $0 $0 $0 0 Full Building 72 $269,000 $1,295,000 $503,953 $407 184 (6.1 months) SOLD DURING LAST 6 MONTHS / VENDIDAS EN LOS ULTIMOS 6 MESES DAYS # ADDRESS #BR #BA #HBA #GAR LIST PRICE SALE PRICE LA Ft2 SP$/Ft2 MKT 1 92 SW 3rd St # 2409 1 1 0 0 $278,000 $260,000 97 764 $340 2 92 SW 3rd St # 1807 1 1 1 1 $285,000 $280,000 290 789 $355 3 92 SW 3rd St # 3208 1 1 1 1 $298,000 $280,000 128 754 $371 4 3180 SW 22nd Ter # 1201 2 2 0 1 $305,000 $282,500 28 1134 $249 5 92 SW 3rd St # 5008 1 1 1 1 $299,000 $290,000 57 754 $385 6 92 SW 3rd St # 4007 1 1 1 1 $305,000 $297,500 28 789 $377 7 92 SW 3rd St # 4008 1 1 1 1 $340,000 $319,500 182 754 $424 8 92 SW 3rd St # 4512 2 2 0 1 $425,000 $415,000 255 1099 $378 9 92 SW 3rd St # 4812 2 2 0 1 $449,500 $435,000 191 1099 $396 10 92 SW 3rd St # 3110 2 2 1 1 $470,000 $450,000 21 1389 $324 11 92 SW 3 ST # 5111 2 2 0 1 $499,000 $455,000 291 1118 $407 12 92 SW 3rd St # 4702 2 2 0 1 $488,950 $458,000 29 1110 $413 13 92 SW 3 ST # 5010 2 2 1 1 $479,500 $465,000 12 1389 $335 14 92 SW 3rd St # 4405 2 2 1 1 $539,000 $495,000 73 1340 $369 15 92 SW 3rd St # 4205 2 2 1 1 $526,900 $505,000 141 1340 $377 16 92 SW 3rd St # 5204 3 3 1 2 $1,400,000 $1,300,000 155 2289 $568 #BEDS #FBATH Ft2 LIST PRICE LP$/Ft2 SALE PRICE SP$/Ft2 SP$/LP$ DAYS MKT HIGH 3 3 2,289 $1,400,000 $612 $1,300,000 $568 92.9% 291 LOW 1 1 754 $278,000 $269 $260,000 $249 93.5% 12 AVERAGE 1,119 $461,741 $400 $436,719 $379 94.6% 123.63 MEDIAN 1,105 $437,250 $394 $425,000 $377 97.2% 112.5 PAGE 2 - MINT MARKET REPORT - 3RD QUARTER 2017 SOLD DURING LAST 12 MONTHS / VENDIDAS EN LOS ULTIMOS 12 MESES DAYS # ADDRESS #BR #BA #HBA #GAR LIST PRICE SALE PRICE LA Ft2 SP$/Ft2 MKT 1 92 SW 3rd St # 2208 1 1 1 1 $257,000 $255,000 30 754 $338 2 92 SW 3rd St # 2409 1 1 0 0 $278,000 $260,000 97 764 $340 3 92 SW 3rd St # 1807 1 1 1 1 $285,000 $280,000 290 789 $355 4 92 SW 3rd St # 3208 1 1 1 1 $298,000 $280,000 128 754 $371 5 3180 SW 22nd Ter # 1201 2 2 0 1 $305,000 $282,500 28 1,134 $249 6 92 SW 3rd St # 5008 1 1 1 1 $299,000 $290,000 57 754 $385 7 92 SW 3rd St # 4007 1 1 1 1 $305,000 $297,500 28 789 $377 8 92 SW 3 ST # 4608 1 1 1 1 $329,900 $315,000 229 789 $399 9 92 SW 3rd St # 4008 1 1 1 1 $340,000 $319,500 182 754 $424 10 92 SW 3rd St # 2404 2 2 0 1 $405,000 $398,000 15 1,121 $355 11 92 SW 3rd St # 1510 2 2 1 1 $425,000 $415,000 349 1,389 $299 12 92 SW 3rd St # 4512 2 2 0 1 $425,000 $415,000 255 1,099 $378 13 92 SW 3 ST # 3612 2 2 0 1 $440,000 $422,240 406 1,099 $384 14 92 SW 3rd St # 1102 2 2 0 1 $435,000 $430,000 209 1,110 $387 15 92 SW 3rd St # 3304 2 2 0 1 $469,900 $435,000 16 1,121 $388 16 92 SW 3rd St # 4812 2 2 0 1 $449,500 $435,000 191 1,099 $396 17 92 SW 3rd St # 1604 2 2 0 1 $510,000 $440,000 59 1,121 $393 18 92 SW 3rd St # 2602 2 2 0 1 $449,000 $445,000 354 1,110 $401 19 92 SW 3rd St # 3110 2 2 1 1 $470,000 $450,000 21 1,389 $324 20 92 SW 3 ST # 5111 2 2 0 1 $499,000 $455,000 291 1,118 $407 21 92 SW 3rd St # 4702 2 2 0 1 $488,950 $458,000 29 1,110 $413 22 92 SW 3rd St # 2803 2 2 1 1 $499,000 $465,000 154 1,235 $377 23 92 SW 3 ST # 5010 2 2 1 1 $479,500 $465,000 12 1,389 $335 24 92 SW 3rd St # 4405 2 2 1 1 $539,000 $495,000 73 1,340 $369 25 92 SW 3rd St # 4205 2 2 1 1 $526,900 $505,000 141 1,340 $377 26 92 SW 3 ST # 4203 3 3 0 1 $520,000 $520,000 347 1,235 $421 27 92 SW 3rd ST # 4705 2 2 1 1 $540,000 $520,000 526 1,340 $388 28 92 SW 3rd St # 5204 3 3 1 2 $1,400,000 $1,300,000 155 2,289 $568 #BEDS #FBATH Ft2 LIST PRICE LP$/Ft2 SALE PRICE SP$/Ft2 SP$/LP$ DAYS MKT HIGH 3 3 2,289 $1,400,000 $612 $1,300,000 $568 92.9% 526 LOW 1 1 754 $257,000 $269 $255,000 $249 99.2% 12 AVERAGE 1,225 $452,416 $397 $430,276 $378 95.1% 166.86 MEDIAN 1,235 $444,500 $398 $432,500 $381 97.3% 147.5 PAGE 3 - MINT MARKET REPORT - 3RD QUARTER 2017 Until now, 2017 has seen an average of 11 NUMBER OF UNITS RENTED PER MONTH units rented each month at Mint. 19 Even though rentals have come down from 16 their highs, both prices and demand for units 12 remain healthy. 8 8 8 7 7 6 Hasta ahora, el 2017 ha visto un promedio de 11 unidades rentadas por mes en el edificio. Aunque las rentas han bajado un poco de sus niveles máximos, los precios y la demanda se mantienen relativamente altos. OCTOBER APRIL MAY JUNE NOVEMBER DECEMBER JANUARY FEBRUARY MARCH CURRENT UNITS FOR RENT / ACTUALMENTE PARA LA RENTA UNIT TYPE # OF UNITS LOW HIGH AVERAGE FOR RENT PRICE PRICE PRICE 1 Bdrm Unfurnished 3 $2,090 $2,150 $2,113 1 Bdrm Furnished 1 $2,200 $2,200 $2,200 2 Bdrm Unfurnished 9 $2,290 $3,400 $2,737 2 Bdrm Furnished 8 $2,900 $3,500 $3,099 3 Bdrm Unfurnished 3 $3,400 $5,200 $4,100 3 Bdrm Furnished 2 $4,300 $4,500 $4,400 4 Bdrm Unfurnished 0 $0 $0 $0 4 Bdrm Furnished 0 $0 $0 $0 Total Unfurnished 15 $2,090 $5,200 Total Furnished 11 $2,200 $4,500 Total Units 26 $2,090 $5,200 PAGE 4 - MINT MARKET REPORT - 3RD QUARTER 2017 RENTED UNITS DURING LAST 3 MONTHS / UNIDADES RENTADAS EN LOS ULTIMOS 3 MESES UNIT TYPE # OF UNITS AVG. AVG. AVG. AVG. FOR RENT LISTING $ RENTED $ RENT$/LIST$ DAYS ON MKT 1 Bdrm Unfurnished 4 $2,025 $1,938 95.7% 20 1 Bdrm Furnished 0 $0 $0 0 0 2 Bdrm Unfurnished 13 $2,729 $2,675 98.0% 40 2 Bdrm Furnished 3 $2,783 $2,700 97.0% 43 3 Bdrm Unfurnished 2 $3,588 $3,450 96.2% 80 3 Bdrm Furnished 0 $0 $0 0 0 4 Bdrm Unfurnished 0 0 0 0 0 4 Bdrm Furnished 0 0 0 0 0 Total Unfurnished 19 Total Furnished 3 Total Units 22 FOR FURTHER INQUIRIES OR TO REQUEST ADDITIONAL STATISTICS PLEASE DO NOT HESITATE TO CONTACT ME AT 786-327-8874 OR [email protected] PAGE 5 - MINT MARKET REPORT - 3RD QUARTER 2017 MY MAIN GOAL IS TO BRING YOU RESULTS MY RECENTLY CLOSED TRANSACTIONS SOLD SOLD HIGHEST PRICE FOR RECORD PRICE A 1 BEDROOM MINT | PH5204 MINT | UNIT 4008 3 BR + DEN | 3.5 BA | 2,289 Ft2 | ASKING $1,300,000 1 BR | 1.5 BA | 754 Ft2 | ASKING $319,500 SOLD HIGHEST RENTED RECORD PRICE PRICE FOR A 1BR IN THE COMMUNITY IN THE BUILDING 16606 NW 72 PLACE - MIAMI LAKES, FL MINT | UNIT 4008 (FURNISHED) 3 BR | 2.5 BA | 1,540 Ft2 | SOLD FOR $285,000 1 BR | 1.5 BA | 754 Ft2 | UNDER CONTRACT FOR $2,500 RENTED RENTED MINT | UNIT #3502 WIND | UNIT 2002 2 BR | 2 BA | 1,110 FT2 | RENTED FOR $2,550 2 BR + DEN | 2 BA | 1,385 Ft2 | RENTED FOR $2,850 RENTED RENTED IN 6 DAYS! VIZCAYNE NORTH | UNIT 345 VIZCAYNE NORTH | UNIT 3308 STUDIO | 1 BA | 501 Ft2 | RENTED FOR $1,590 2 BR | 2 BA | 1,203 Ft2 | RENTED FOR $2,850 RENTED AT FULL ASKING RENTED PRICE VIZCAYNE SOUTH | UNIT 309 VIZCAYNE SOUTH | UNIT 1809 1 BR + DEN | 2 BA | 1,040 Ft2 | RENTED FOR $2,400 2 BR | 2 BA | 1,058 Ft2 | RENTED FOR $2,400 PAGE 6 - MINT MARKET REPORT - 3RD QUARTER 2017 RENTED RENTED VIZCAYNE NORTH | UNIT 2105 VIZCAYNE NORTH | UNIT 2605 1 BR | 1 BA | 806 Ft2 | RENTED FOR $1,900 1 BR | 1 BA | 806 Ft2 | RENTED FOR $1,800 RENTED RENTED IN 20 DAYS! VIZCAYNE SOUTH | UNIT 430 VIZCAYNE SOUTH | UNIT 3707 1 BR | 1.5 BA | 865 Ft2 | RENTED FOR $1,975 STUDIO | 1 BA | 632 Ft2 | RENTED FOR $1,750 RENTED RENTED REPRESENTED IN 4 DAYS! THE TENANT WIND | UNIT 2510 1800 CLUB | UNIT 2309 1 BR | 1 BA | 740 Ft2 | RENTED FOR $1,750 2 BR | 2 BA | 1,386 Ft2 | RENTED FOR $3,100 RENTED RENTED REPRESENTED IN 29 DAYS! THE TENANT QUANTUM | UNIT 2402 AXIS | UNIT 2210 2 BR | 2.5 BA | 1,400 Ft2 | RENTED FOR $3,000 2 BR | 2 BA | 1,100 Ft2 | RENTED FOR $2,390 RENTED RENTED IN 42 DAYS! IN 27 DAYS! IVY | UNIT 2106 WIND | UNIT 2714 1 BR | 1 BA | 747 Ft2 | RENTED FOR $1,890 2 BR | 2 BA | 935 Ft2 | RENTED FOR $2,350 PAGE 7 - MINT MARKET REPORT - 3RD QUARTER 2017 MY EXCLUSIVE LISTINGS FOR SALE & RENT UNDER FOR SALE CONTRACT MINT | UNIT 3502 MINT | UNIT 4008 2 BR | 2 BA | 1,110 Ft2 | PRICE $525,000 1 BR | 1.5 BA | 754 Ft2 | UNDER CONTRACT FOR $2,500/M FOR SALE REDUCED WIND | UNIT 2510 VIZCAYNE NORTH | UNIT 3308 1 BR | 1 BA | 740 Ft2 | PRICE $295,000 2 BR | 2 BA | 1,203 Ft2 | PRICE $570,000 FOR SALE FOR SALE VIZCAYNE SOUTH | UNIT 2602 VIZCAYNE SOUTH | UNIT 1201 2 BR | 2 BA | 989 Ft2 | PRICE $395,000 2 BR | 2 BA | 940 Ft2 | PRICE $369,000 FOR RENT REDUCED VIZCAYNE NORTH | UNIT 345N QUANTUM | UNIT 2402 STUDIO | 1 BA | 501 Ft2 | PRICE $1,590/M 2 BR | 2.5 BA | 1,400 Ft2 | PRICE $545,000 FOR SALE FOR RENT OPERA TOWER | UNIT 5111 THE CRIMSON | UNIT 1005 1 BR | 1 BA | 791 Ft2 | PRICE $370,000 1 BR | 1 BA | 791 Ft2 | PRICE $2,200/M PAGE 8 - MINT MARKET REPORT - 3RD QUARTER 2017 MARKETING ADVANTAGES DOWNTOWN MIAMI MARKET REPORT ENERO 2016 SABE USTED CUANTOS APARTAMENTOS HAY LISTADOS PARA LA VENTA EN SU VECINDARIO AHORA MISMO? VENDEDORES: APRENDAN LA MEJOR ESTRATEGIA PARA POSICIONARSE FRENTE A SU COMPETENCIA.