South Beach Market Report:

Condo Market Report Milan Jezdimirovic

Real Estate Professional
4159334364
milan.jezdimirovic@compass.com
July 2023
South Beach
Condo

JUL 2023 CHANGE FROM JUN 2023 CHANGE FROM JUL 2022

Homes sold 12 48% 0%

Homes for sale 81 13% 31%

Median days on market 42 28% 41%

Median price per square foot $1,067 5.4% 25%

Months of inventory 6.8 67% 31%

Median sold price $900,000 25% 31%

Homes under contract 18 20% 13%

Information believed to be accurate but not warranted. Copyright 2021 Compass. All rights reserved.
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 0
25
50
75
0
50
100
0
200
400
Au
g Au Au
Se '20 g g

26
p Se '20 Se '20

231
' p p
O 20 ' '

14
O 20 O 20

75 78
ct
ct ct
N '20

26
ov N '20 N '20

63
260 260

New listings
ov ov
D '20

23
ec D '20 D '20
231
' ec ec
Homes for sale

Ja 20 ' '

31
n Ja 20 Ja 20

20 19
138
' n n
Fe 21

20
b Fe '21 Fe '21

63
b b
M '21

39
M '21 M '21

50
ar
' ar
'
ar
'

Homes under contract

Ap 21 Ap 21 Ap 21
r' r' r'
M 21

47 45
ay M 21 M 21
159 159 153 148

ay ay
' ' '
Ju 21

54
Number of homes that went into contract
n Ju 21
n
Ju 21
n
'2 '2 '2
Ju 1

57 56 54 57
Ju 1 Ju 1
Number of homes listed for sale, end of month

l '2 l '2 l '2

36 34
Au 1 Au 1 Au 1
g g g
Se '21

45
p Se '21 Se '21

45 41
' p p
O 21 ' '
O 21 O 21

28
40
ct
133 140 135 120 122

Number of homes newly listed for sale, during the month

ct ct
N '21 N '21 N '21

18
ov
114

ov ov
D '21 D '21 D '21

19 20
90

ec ec ec
' ' '
Ja 21

12
Ja 21 J a 21

12 12
n n n
Fe '22 '

16
Fe '22 Fe 22

22
46 47

b b b
M '22 M '22 M '22

11
33
63

ar ar ar
' ' '

21
Ap 22
70

Ap 22 Ap 22
r' r' r'
M 22 M 22 M 22

30
ay ay ay
' ' '

17
Ju 22 Ju 22 Ju 22
55 52

n n n
'2 '2 '2

26
Ju 2 Ju 2 Ju 2
l '2 l l
Au 2 Au '22 Au '22
g g g
Se '22 Se '22 Se '22
p p p
' ' '
O 22 O 22 O 22
44 44 41 44

ct ct ct
N 22 '
N '22 N '22

16 14 18 15
38

ov ov ov
D '22

5
D '22 D '22
101 106 116 112 117 115 112 113 100

ec ec ec
' ' '
Ja 22 Ja 22 Ja 22
13 10

n n n
Fe '23 Fe '23 Fe '23
41
63 71

b b b
M '23 M '23 M '23

14 12 13
36

ar ar ar
' ' '

21
Ap 23 Ap 23 Ap 23
r' r' r'
M 23 M 23 M 23

11
27 30

ay ay ay
' ' '
Ju 23 Ju 23 Ju 23

21
n n n
'2 '2 '2
35 38

Ju 3 Ju 3 Ju 3
l '2 l '2 l '2
3 3 3
15 18
21
85 76 84 89 93 81

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Information believed to be accurate but not warranted. Copyright 2021 Compass. All rights reserved.
 0
20
40
0
25
50
75

0
50
100
150
Au Au
Au g g
g Se '20 Se '20

26

8.9
Se '20 p p
p ' '
' O 20 O 20

12
22
O 20 ct ct
ct
N '20 N '20

26
10
N '20 ov ov
Homes sold

ov
D '20 D '20
D '20

7.7
ec ec
ec ' '
Number of homes sold

' Ja 20 Ja 20
30 29

4.8
Ja 20 n n
n ' '

Sold/List Price %
8
Fe 21 Fe 21
20
Fe '21
b b b

Sold price/original list price %

M '21 M '21

Months of inventory
25
M '21

6.4
ar ar
ar
' ' '
43

Ap 21 Ap 21 Ap 21
r' r' r'
M 21 M 21
54

M 21 ay ay
ay
' ' '
Ju 21 Ju 21
Ju 21 n n

Months of inventory based on sold listings

94 93 97 96 92 94 95 97 99 98
n '2 '2
'2
43 42

Ju 1 Ju 1 Ju 1
l '2 l '2 l '2
38

Au 1 Au 1 Au 1
g g g
Se '21 Se '21
45

Se '21 p p
p ' '
' O 21 O 21
O 21
33

ct ct ct
N '21 N '21 N '21
25

ov ov ov
D '21 D '21 D '21
20

ec ec ec
' ' '
Ja 21 Ja 21 Ja 21
n n n
' Fe 22 ' Fe '22
14 12

3.6 2.7 3.1 3.3 3.5 2.7 3.7 4.6 4.5 3.3 3.9
Fe 22
b b b
M '22 M '22 M '22
10

ar ar ar
' ' '
15

Ap 22 Ap 22

6.3 6.7
Ap 22
r' r' r'
M 22 M 22 M 22
26

ay ay ay
' ' '
4.1 5
Ju 22 Ju 22 Ju 22
n n n
'2 '2 '2
23 24

4.7

100 98 98 100 97 97 99 95 101 98 99 98 96

Ju 2 Ju 2 Ju 2
l '2 l '2 l '2
Au 2 Au 2
12

Au 2
9.8

g g g
Se '22 Se '22 Se '22
p p p
' ' '
O 22 O 22 O 22
18 20

6.4 5.6

ct ct ct
N '22 N 22 '
N '22 ov ov
ov
D '22 D '22 D '22
9.4 9.1

ec ec ec
' ' '
Ja 22 Ja 22
12 11 10

Ja 22
6.3

n n n
9

Fe '23 Fe '23 Fe '23

b b b
M '23 M '23 M '23
10

7.9 8.5

ar ar ar
' ' '

91 93 94 94 93 93 88 92 95
Ap 23 Ap 23 Ap 23
r' r' r'
M 23 M 23 M 23
ay ay ay
' ' '
Ju 23 Ju 23 Ju 23
17 19 17

n n n
'2 '2 '2
4.5 4.4 5.2 4
23

Ju 3 Ju 3 Ju 3
l '2 l '2 l '2
3 3 3
97 94 95 94
12

6.8

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Information believed to be accurate but not warranted. Copyright 2021 Compass. All rights reserved.
Median sold price
Median price of sold homes (in 1000s)

2k
1,625
1,490 1,475
1,300 1,324 1,330 1,310 1,300
1,200 1,245 1,250 1,225 1,200
1,125 1,165 1,155
1,068 1,050 1,055 1,075 1,000
1k 900

0
Se '20

O 20
N '20
D '20
Ja 20
Fe 21
M '21
Ap 21
M 21

Ju 21

Ju 1
Au 1
Se '21

O 21
N '21
D '21
Ja 21
Fe '22
M '22
Ap 22
M 22

Ju 22

Ju 2
Au 2
Se '22

O 22
N 22
D '22
Ja 22
Fe '23
M '23
Ap 23
M 23

Ju 23

Ju 3
3
'2
l '2

'2
l '2

'2
l '2
'

'
'

'
r'

'

'

'

'
r'

'

'
'

'

'
r'

'
g
p
ct
ov
ec

n
b
ar

ay

g
p
ct
ov
ec

n
b
ar

ay

g
p
ct
ov
ec

n
b
ar

ay

n
Au

Median price per square foot

Median price per square foot of sold homes

2k

1,416
1,196 1,203 1,188 1,206 1,256 1,246 1,244
1,177 1,172 1,172 1,099 1,122 1,106
995 1,000 1,030 1,049 1,067
1k

0
Se '20

O 20
N '20
D '20
Ja 20
Fe 21
M '21
Ap 21
M 21

Ju 21

Ju 1
Au 1
Se '21

O 21
N '21
D '21
Ja 21
Fe 22
M '22
Ap 22
M 22

Ju 22

Ju 2
Au '22
Se '22

O 22
N '22
D '22
Ja 22
Fe '23
M '23
Ap 23
M 23

Ju 23

Ju 3
3
'2
l '2

'2

'2
l '2
'

'
'

'
r'

'

'

'
'

'
r'

'

'

'

'
r'

'
g
p
ct
ov
ec

n
b
ar

ay

g
p
ct
ov
ec

n
b
ar

ay

l
g
p
ct
ov
ec

n
b
ar

ay

n
Au

Median days on market

Median days on market of sold listings

100 90
75 71 74
62 62 66
59 60 60 61 58
56
50
50 46 48 44
48 47
43 46 43 42 42
38 36 36
33 33 30 31 30 27 31 28
21

0
Se '20

O 20
N '20
D '20
Ja 20
Fe '21
M '21
Ap 21
M 21

Ju 21

Ju 1
Au 1
Se '21

O 21
N '21
D '21
Ja 21
Fe 22
M '22
Ap 22
M 22

Ju 22

Ju 2
Au 2
Se '22

O 22
N '22
D '22
Ja 22
Fe '23
M '23
Ap 23
M 23

Ju 23

Ju 3
3
'2
l '2

'2
l '2

'2
l '2
'

'

'
r'

'

'

'
'

'
r'

'

'

'

'
r'

'
g
p
ct
ov
ec

n
b
ar

ay

g
p
ct
ov
ec

n
b
ar

ay

g
p
ct
ov
ec

n
b
ar

ay

n
Au

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_resfar. The report
includes data from the Northern California region, and the following counties: San Francisco County, with the following property types: Condo; over
the last 3 years preceding August 9th, 2023.

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