Edgewater is one of the most sought-after communities in Miami. Located on a narrow strip facing the beautiful Biscayne Bay, the neighborhood is becoming known for its breathtaking luxury high-rises.
Interested in purchasing a condo in Edgewater, or are you already a property owner? Brickell Condo Real Estate is here to provide you with up-to-date information related to the quarterly performance of the Edgewater condo market.
You are welcome to use these resources any time for your real estate ventures in Edgewater.
Your Guide to the Edgewater Condo Market
Take a peek into the Edgewater condo market with quarterly reports, which include the following data:
Median sales price. The median sales price represents the middle point of how much condos in Edgewater sold over the past quarter. This is in stark contrast to the average sales price, which is the result of the total sales divided by the number of sales closed. The median sales price is a more accurate figure in gauging home prices in the area. Furthermore, it is also a solid benchmark for determining list prices.
Median price per square foot. If the median sales price takes a look at the middle sales price, this figure is all about the middle point of the prices per square foot throughout the course of the quarter. A high median sales price per square foot usually indicates that the market is drawing plenty of buyers.
Number of sales. This is the total number of sales successfully closed during the past quarter.
Days on the market. This is the median number of days Edgewater condos recently sold spent in the market.
Price range. Condos sold in the Edgewater market had different closed prices that resulted in this price range.
Year-on-year comparison. Year-on-year comparisons pit two results gathered within the same period to measure the annual performance of the Edgewater condo market. Through this, you can determine whether the market is performing well or otherwise.
Keep yourself updated with the latest goings-on in the Edgewater condo market by regularly checking these quarterly reports.
Brickell Condo Real Estate can help you navigate the Edgewater condo market. Schedule a consultation today at info(at)brickellcondorealestate or 610.428.3913.