South Beach Market Report:

Condo Market Report Milan Jezdimirovic

Real Estate Professional
4159334364
milan.jezdimirovic@compass.com
February 2022
South Beach
Condo

CHANGE FROM JAN CHANGE FROM FEB

FEB 2022
2022 2021

Homes sold 29 32% 16%

Homes for sale 88 31% 42%

Median days on market 22 42% 33%

Median price per square foot $1,165 0.6% 6.9%

Median sold price $1,490,000 44% 32%

Homes under contract 32 6.7% 18%

Information believed to be accurate but not warranted. Copyright 2021 Compass. All rights reserved.
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Homes for sale
Number of homes listed for sale, end of month

150

109
101 100 103
97
100 85
90 91

71 74 75 74
67 69 70

50

0
Dec 13 Dec 20 Dec 27 Jan 03 Jan 10 Jan 17 Jan 24 Jan 31 Feb 07 Feb 14 Feb 21 Feb 28 Mar 07 Mar 14 Mar 21

New listings
Number of homes newly listed for sale, during the month

30

22
21
20 18

14 14 14
11 12 11 11
9 10
10
3 3
2
0
Dec 13 Dec 20 Dec 27 Jan 03 Jan 10 Jan 17 Jan 24 Jan 31 Feb 07 Feb 14 Feb 21 Feb 28 Mar 07 Mar 14 Mar 21

Homes under contract

Number of homes that went into contract

15

11

10 9 9
8 8 8 8 8 8
7 7
6 6 6

0
0
Dec 13 Dec 20 Dec 27 Jan 03 Jan 10 Jan 17 Jan 24 Jan 31 Feb 07 Feb 14 Feb 21 Feb 28 Mar 07 Mar 14 Mar 21

Information believed to be accurate but not warranted. Copyright 2021 Compass. All rights reserved.
https://www.compass.com/legal/terms-of-service/
Homes sold
Number of homes sold

15

11
10
10
8 8
7 7 7
6 6
5 5 5
5 4
3 3

0
Dec 13 Dec 20 Dec 27 Jan 03 Jan 10 Jan 17 Jan 24 Jan 31 Feb 07 Feb 14 Feb 21 Feb 28 Mar 07 Mar 14 Mar 21

Sold/List Price %
Sold price/original list price %

150

104 100 99 100 100 102 101 99 100

98 97 98 98 97
100 93

50

0
Dec 13 Dec 20 Dec 27 Jan 03 Jan 10 Jan 17 Jan 24 Jan 31 Feb 07 Feb 14 Feb 21 Feb 28 Mar 07 Mar 14 Mar 21

Median sold price

Median price of sold homes (in 1000s)

3k

1,995
2k 1,875
1,475 1,470 1,475 1,525 1,425
1,225 1,250
1,087 1,100 1,135
1,025
1k 890 858

0
Dec 13 Dec 20 Dec 27 Jan 03 Jan 10 Jan 17 Jan 24 Jan 31 Feb 07 Feb 14 Feb 21 Feb 28 Mar 07 Mar 14 Mar 21

Information believed to be accurate but not warranted. Copyright 2021 Compass. All rights reserved.
https://www.compass.com/legal/terms-of-service/
Median price per square foot
Median price per square foot of sold homes

1500 1,394 1,344

1,408
1,322 1,326 1,327
1,226 1,273
1,213 1,175
1,110 1,129 1,149 1,111
1,088
1000

500

0
Dec 13 Dec 20 Dec 27 Jan 03 Jan 10 Jan 17 Jan 24 Jan 31 Feb 07 Feb 14 Feb 21 Feb 28 Mar 07 Mar 14 Mar 21

Median days on market

Median days on market of sold listings

75

52
50 44 43
36 38
33
28 28
25 20 22
19 18
14 16

0
0
Dec 13 Dec 20 Dec 27 Jan 03 Jan 10 Jan 17 Jan 24 Jan 31 Feb 07 Feb 14 Feb 21 Feb 28 Mar 07 Mar 14 Mar 21

Compass is a real estate broker licensed by the State of California, and makes no representations or warranties, express or implied, with respect to
current or future market conditions, or prices of residential properties at the time of this report or in the future. All information herein is intended for
informational purposes only and no warranty, express or implied, is made or should be assumed regarding the accuracy, adequacy, completeness,
legality, reliability, merchantability or fitness for a particular purpose of any information, in whole or in part, contained herein. Compass shall not be
deemed to be providing legal, accounting or other professional services. This is not intended to solicit the purchase or sale of any property. Equal
Housing Opportunity. Report published based on the following data sources: lake_tahoe_remetrolist, sf_mlslistings, sf_ebrd, sf_rebareis.

Information believed to be accurate but not warranted. Copyright 2021 Compass. All rights reserved.
https://www.compass.com/legal/terms-of-service/