{"id":9132,"date":"2024-01-27T16:36:52","date_gmt":"2024-01-27T16:36:52","guid":{"rendered":"https:\/\/miamibeachvacay.com\/douglas-ellimans-q4-2023-miami-mainland-coral-gables-miami-beach-market-reports\/"},"modified":"2024-01-29T05:09:42","modified_gmt":"2024-01-29T05:09:42","slug":"douglas-ellimans-q4-2023-miami-mainland-coral-gables-miami-beach-market-reports","status":"publish","type":"post","link":"https:\/\/miamibeachvacay.fun\/blogs\/douglas-ellimans-q4-2023-miami-mainland-coral-gables-miami-beach-market-reports\/","title":{"rendered":"Douglas Elliman\u2019s Q4 2023 Miami Mainland, Coral Gables &#038; Miami Beach Market Reports"},"content":{"rendered":"<p>Douglas Elliman has released the 4th quarter 2023 Elliman Reports for Miami Coastal Mainland, Coral Gables and Miami Beach &amp; Barrier Islands. Produced in conjunction with Miller Samuel to provide you with the most comprehensive and objective market insight available, the Douglas Elliman Reports are recognized as the industry standard for providing the state of the residential real estate market, which includes an extensive suite of tools to help readers objectively identify and measure market trends, provide historical context to current information and provide comprehensive analysis of the results.<\/p>\n<div data-aos=\"fade-up\">\n<h2><strong>Download Douglas Elliman\u2019s Q4 2023 Market Reports:<\/strong><\/h2>\n<h3><strong><a href=\"https:\/\/www.miamiluxuryhomes.com\/wp-content\/uploads\/2024\/01\/Douglas-Ellimans-Q4-2023-Miami-Coastal-Mainland-Market-Report.pdf\" target=\"_blank\" rel=\"noopener\">Douglas Elliman\u2019s Q4 2023 Miami Coastal Mainland Market Report<\/a><\/strong><\/h3>\n<h3><strong><a href=\"https:\/\/www.miamiluxuryhomes.com\/wp-content\/uploads\/2024\/01\/Douglas-Ellimans-Q4-2023-Coral-Gables-Market-Report.pdf\" target=\"_blank\" rel=\"noopener\">Douglas Elliman\u2019s Q4 2023 Coral Gables Market Report<\/a><\/strong><\/h3>\n<h3><strong><a href=\"https:\/\/www.miamiluxuryhomes.com\/wp-content\/uploads\/2024\/01\/Douglas-Ellimans-Q4-2023-Miami-Beach-Barrier-Islands-Market-Report.pdf\" target=\"_blank\" rel=\"noopener\">Douglas Elliman\u2019s Q4 2023 Miami Beach &amp; Barrier Islands Market Report<\/a><\/strong><\/h3>\n<hr \/>\n<h3><strong>Miami Coastal Mainland Q4 2023 Sales Overall Highlights<\/strong><\/h3>\n<p><em>\u201cPrice trend indicators pressed higher across the market.\u201d\u00a0<\/em><\/p>\n<ul class=\"mlh-list\">\n<li>+10% Median Sales Price \u2013 Median sales price remained at a record high for the 3rd time.<\/li>\n<li>-9% Closed Sales \u2013 Sales declined annually for the 7th straight quarter.<\/li>\n<li>+9.1% Total Inventory \u2013 Listing inventory rose year over year for the 5th time in 6 quarters.<\/li>\n<\/ul>\n<h4><strong>Aventura<\/strong><\/h4>\n<ul>\n<li>All price trend indicators showed mixed year-over-year results.<\/li>\n<li>Listing inventory increased annually for the 5th time.<\/li>\n<\/ul>\n<h4><strong>Brickell<\/strong><\/h4>\n<ul>\n<li>Median sales price increased year over year.<\/li>\n<li>Listing inventory increased annually for the 2nd time.<\/li>\n<\/ul>\n<h4><strong>Coconut Grove<\/strong><\/h4>\n<ul>\n<li>Condo price trend indicators surged annually.<\/li>\n<li>Condo listing inventory increased annually for the 1st time in 3 quarters.<\/li>\n<li>Single family price trend indicators showed mixed annual results.<\/li>\n<li>Single family listing inventory increased annually for the 2nd time in 3 quarters.<\/li>\n<\/ul>\n<h4><strong>Downtown Miami<\/strong><\/h4>\n<ul>\n<li>Condo price trend indicators increased annually.<\/li>\n<li>Condo listing inventory increased annually for the 5th time.<\/li>\n<li>Single family price trend indicators reached record highs.<\/li>\n<li>Single family listing inventory declined annually for the 3rd time.<\/li>\n<\/ul>\n<h4><strong>Palmetto Bay<\/strong><\/h4>\n<ul>\n<li>Price trend indicators increased annually.<\/li>\n<li>Listing inventory declined annually for the 3rd time.<\/li>\n<\/ul>\n<h4><strong>Pinecrest<\/strong><\/h4>\n<ul>\n<li>Price trend indicators showed mixed annual results.<\/li>\n<li>Listing inventory declined annually for the 2nd time.<\/li>\n<\/ul>\n<h4><strong>South Miami<\/strong><\/h4>\n<ul>\n<li>Price trend indicators surged year over year.<\/li>\n<li>Listing inventory declined annually for the 3rd time.<\/li>\n<\/ul>\n<h4><strong>DOWNLOAD: <a href=\"https:\/\/www.miamiluxuryhomes.com\/wp-content\/uploads\/2024\/01\/Douglas-Ellimans-Q4-2023-Miami-Coastal-Mainland-Market-Report-Highlights.pdf\" target=\"_blank\" rel=\"noopener\">Douglas Elliman\u2019s Q4 2023 Miami Coastal Mainland Market Report Highlights<\/a><\/strong><\/h4>\n<p><strong>*<\/strong><em>Please note that Miami Coastal Mainland includes\u00a0<a href=\"https:\/\/www.miamiluxuryhomes.com\/aventura\/\">Aventura<\/a>,\u00a0<a href=\"https:\/\/www.miamiluxuryhomes.com\/brickell\/\">Brickell,<\/a>\u00a0<a href=\"https:\/\/www.miamiluxuryhomes.com\/coconut-grove\/\">Coconut Grove<\/a>,\u00a0<a href=\"https:\/\/www.miamiluxuryhomes.com\/downtown-miami\/\">Downtown Miami<\/a>, Palmetto Bay,\u00a0<a href=\"https:\/\/www.miamiluxuryhomes.com\/pinecrest\/\">Pinecrest<\/a>\u00a0and South Miami.<\/em><\/p>\n<hr \/>\n<h3><strong>Coral Gables Q4 2023 Sales Overall Highlights<\/strong><\/h3>\n<p><em>\u201cListing inventory expanded across most submarkets\u00a0but remained sharply below pre-pandemic levels.\u201d\u00a0<\/em><\/p>\n<h4><strong>Coral Gables Single Family Year Over Year<\/strong><\/h4>\n<ul class=\"mlh-list\">\n<li>+26.6% Median Sales Price<\/li>\n<li>+1.6% Closed Sales<\/li>\n<li>-18.1% Total Inventory<\/li>\n<li>+3 Days of Marketing Time<\/li>\n<li>Single family listing inventory fell annually for the 2nd time in 6 quarters.<\/li>\n<\/ul>\n<h4><strong>Coral Gables Condos Year Over Year<\/strong><\/h4>\n<ul class=\"mlh-list\">\n<li>+12% Median Sales Price<\/li>\n<li>+12.2% Closed Sales<\/li>\n<li>+73.3% Total Inventory<\/li>\n<li>-3 Days of Marketing Time<\/li>\n<li>Condo median sales rose for the 2nd time in 3 quarters.<\/li>\n<\/ul>\n<h4><strong>DOWNLOAD: <a href=\"https:\/\/www.miamiluxuryhomes.com\/wp-content\/uploads\/2024\/01\/Douglas-Ellimans-Q4-2023-Coral-Gables-Market-Report-Highlights.pdf\" target=\"_blank\" rel=\"noopener\">Douglas Elliman\u2019s Q4 2023 Coral Gables Market Report Highlights<\/a><\/strong><\/h4>\n<p><strong>*<\/strong><em>Please note that this only includes the City of\u00a0<a href=\"https:\/\/www.miamiluxuryhomes.com\/coral-gables\/\">Coral Gables<\/a>.<\/em><\/p>\n<hr \/>\n<h3><strong>Miami Beach &amp; Barrier Islands Q4 2023 Sales Overall Highlights<\/strong><\/h3>\n<p><em>\u201cWhile listing inventory increased, it remains far below pre-pandemic levels.\u201d<\/em><\/p>\n<ul class=\"mlh-list\">\n<li>+13% Median Sales Price \u2013 All price trend indicators increased collectively year over year for the 2nd time.<\/li>\n<li>+3 Months of Supply<\/li>\n<li>-12.5% Closed Sales \u2013 Sales declined annually for the 7th straight quarter<\/li>\n<li>+12.6% Total Inventory \u2013 Listing inventory rose year over year for the 5th consecutive quarter.<\/li>\n<li>+15 Days of Marketing Time<\/li>\n<li>6.7% Discount Off List Price<\/li>\n<\/ul>\n<h4><strong>Sunny Isles Beach<\/strong><\/h4>\n<ul>\n<li>Median sales price increased year over year for the 5th time.<\/li>\n<li>Listing inventory rose annually for the 5th straight quarter.<\/li>\n<\/ul>\n<h4><strong>Bal Harbour<\/strong><\/h4>\n<ul>\n<li>Median sales price increased year over year for the 6th time in 7 quarters.<\/li>\n<li>Listing inventory rose annually for the 4th straight quarter.<\/li>\n<\/ul>\n<h4><strong>Bay Harbor Islands<\/strong><\/h4>\n<ul>\n<li>All price trend indicators surged year over year.<\/li>\n<li>Listing inventory rose annually for the 5th straight quarter.<\/li>\n<\/ul>\n<h4><strong>Surfside<\/strong><\/h4>\n<ul>\n<li>Condo sales increased year over year for the 1st time in 5 quarters.<\/li>\n<li>Condo listing inventory rose year over year for the 5th straight quarter.<\/li>\n<li>Single family median sales price increased year over year for the 1st time in 3 quarters.<\/li>\n<li>Single family listing inventory was unchanged year over year.<\/li>\n<\/ul>\n<h4><strong>North Bay Village<\/strong><\/h4>\n<ul>\n<li>Median sales price increased year over year for the 1st time in 3 quarters.<\/li>\n<li>Listing inventory declined annually for the 1st time in 5 quarters.<\/li>\n<\/ul>\n<h4><strong>Miami Beach Islands<\/strong><\/h4>\n<ul>\n<li>Median sales price increased year over year for the 5th time.<\/li>\n<li>Listing inventory rose annually for the 5th straight quarter.<\/li>\n<\/ul>\n<h4><strong>North Beach<\/strong><\/h4>\n<ul>\n<li>Median sales price increased year over year for the 4th time.<\/li>\n<li>Listing inventory rose annually for the 4th straight quarter.<\/li>\n<\/ul>\n<h4><strong>Mid-Beach<\/strong><\/h4>\n<ul>\n<li>Median sales price increased year over year for the 4th time.<\/li>\n<li>Listing inventory rose annually for the 4th straight quarter.<\/li>\n<\/ul>\n<h4><strong>South Beach<\/strong><\/h4>\n<ul>\n<li>Median sales price increased year over year for the 2nd time.<\/li>\n<li>Listing inventory rose annually for the 3rd time in 4 quarters.<\/li>\n<\/ul>\n<h4><strong>Key Biscayne<\/strong><\/h4>\n<ul>\n<li>Condo sales increased year over year for the 1st time in 8 quarters.<\/li>\n<li>Condo listing inventory increased annually for the 1st time in 8 quarters.<\/li>\n<li>Single family price trend indicators increased year over year.<\/li>\n<li>Single family sales stabilized annually for the 1st time in 9 quarters.<\/li>\n<\/ul>\n<h4><strong>Fisher Island<\/strong><\/h4>\n<ul>\n<li>Price trend indicators declined year over year.<\/li>\n<li>Listing inventory expanded year over year for the 2nd time.<\/li>\n<\/ul>\n<h4><strong>DOWNLOAD<\/strong>: <strong><a href=\"https:\/\/www.miamiluxuryhomes.com\/wp-content\/uploads\/2024\/01\/Douglas-Ellimans-Q4-2023-Miami-Beach-Barrier-Islands-Market-Report-Highlights.pdf\" target=\"_blank\" rel=\"noopener\">Douglas Elliman\u2019s Q4 2023 Miami Beach &amp; Barrier Islands Market Report Highlights<\/a><\/strong><\/h4>\n<p><em>*Please note that Miami Beach &amp; Barrier Islands includes\u00a0<a href=\"https:\/\/www.miamiluxuryhomes.com\/bal-harbour\/\">Bal Harbour<\/a>,\u00a0<a href=\"https:\/\/www.miamiluxuryhomes.com\/bay-harbor-islands\/\">Bay Harbor Islands<\/a>,\u00a0<a href=\"https:\/\/www.miamiluxuryhomes.com\/miami-beach\/fisher-island\/\">Fisher Island<\/a>,\u00a0<a href=\"https:\/\/www.miamiluxuryhomes.com\/key-biscayne\/\">Key Biscayne<\/a>,\u00a0<a href=\"https:\/\/www.miamiluxuryhomes.com\/miami-beach\/\">Miami Beach<\/a>\u00a0Islands, Mid-Beach, North Bay Village, North Beach,\u00a0<a href=\"https:\/\/www.miamiluxuryhomes.com\/south-beach\/\">South Beach<\/a>,\u00a0<a href=\"https:\/\/www.miamiluxuryhomes.com\/sunny-isles-beach\/\">Sunny Isles Beach<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.miamiluxuryhomes.com\/surfside\/\">Surfside<\/a>.<\/em><\/p>\n<hr \/>\n<p>If you, or someone you know, are interested in purchasing and\/or selling real estate in Miami, Coral Gables or Miami Beach or simply would like to learn more about the real estate market in South Florida, please contact Michael Light, Broker Associate and Executive Director of Luxury Sales at Douglas Elliman Real Estate as well as Founder\/Owner of <a href=\"https:\/\/www.miamiluxuryhomes.com\/about\/\">The Light\u00a0Group<\/a>. You may reach Michael directly at his office at (305) 350-9842, on his cell at (786) 566-1700 or via email at\u00a0<a href=\"https:\/\/www.miamiluxuryhomes.com\/\/douglas-ellimans-q4-2023-miami-mainland-coral-gables-miami-beach-market-reports\/mailto:michael@miamiluxuryhomes.com\">michael@miamiluxuryhomes.com<\/a>.<\/p>\n<hr \/>\n<p>If you are interested in the Delray Beach, Palm Beach, Naples, Sarasota, Tampa and\/or St. Augustine market reports, <a href=\"https:\/\/www.elliman.com\/corporate-resources\/market-reports#florida\" target=\"_blank\" rel=\"noopener\">CLICK HERE<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<p>[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Douglas Elliman has released the 4th quarter 2023 Elliman Reports for Miami Coastal Mainland, Coral Gables and Miami Beach &amp; Barrier Islands. Produced in conjunction with Miller Samuel to provide you with the most comprehensive and objective market insight available, the Douglas Elliman Reports are recognized as the industry standard for providing the state of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":9133,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/miamibeachvacay.fun\/blogs\/wp-json\/wp\/v2\/posts\/9132"}],"collection":[{"href":"https:\/\/miamibeachvacay.fun\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/miamibeachvacay.fun\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/miamibeachvacay.fun\/blogs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/miamibeachvacay.fun\/blogs\/wp-json\/wp\/v2\/comments?post=9132"}],"version-history":[{"count":2,"href":"https:\/\/miamibeachvacay.fun\/blogs\/wp-json\/wp\/v2\/posts\/9132\/revisions"}],"predecessor-version":[{"id":9135,"href":"https:\/\/miamibeachvacay.fun\/blogs\/wp-json\/wp\/v2\/posts\/9132\/revisions\/9135"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/miamibeachvacay.fun\/blogs\/wp-json\/wp\/v2\/media\/9133"}],"wp:attachment":[{"href":"https:\/\/miamibeachvacay.fun\/blogs\/wp-json\/wp\/v2\/media?parent=9132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/miamibeachvacay.fun\/blogs\/wp-json\/wp\/v2\/categories?post=9132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/miamibeachvacay.fun\/blogs\/wp-json\/wp\/v2\/tags?post=9132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}