MIAMI--(BUSINESS WIRE)--For the first time since the condo boom and bust, a comprehensive survey of developer new construction condo pricing in South Florida has been released to the general public.
The new survey, compiled by CraneSpotters.com and sponsored by the Miami New Construction Show, reveals data as of July 4, 2014 detailing rank, market, minimum price per square foot, and presale ratio in South Florida.
Additionally, the report includes a ranking of proposed, planned, under construction and completed preconstruction projects in South Florida as of July 15, 2014, itemized according to the number of towers, floors, units and market share in the tricounty area and also by individual cities within the region.
The report, which was announced by CraneSpotters.com principal Peter Zalewski during the Miami New Construction Show Kick-off Party at The National Hotel in South Beach July 22 is the first market survey compiled by CraneSpotters.com to list developers by name.
The South Florida Preconstruction Condo Market Price Survey summary ranks markets by highest minimum price per square foot (PSF) and presales ratio. Miami-Dade County is at the top, with a minimum price PSF of $814 and a presales ratio of 71 percent. Broward County ranks second with a minimum price PSF of $506 and a presales ratio of 62 percent. Palm Beach County ranks third with a minimum price PSF of $399 and a presales ratio of 53 percent. The minimum price PSF for the South Florida market is $736. The tricounty area has a presales ratio of 69 percent.
“We are proud to sponsor this new report by CraneSpotters.com, which offers a transparent look at developer preconstruction pricing for buyers and investors,” said Anita Funtek, CEO of the Miami New Construction Show. “As we near opening day of our expo on August 29, this analysis is yet another effective tool attendees can add to their arsenal of information to help make an educated decision before purchasing new construction property in South Florida.”
More than 35,000 visitors are expected to attend the three-day Miami New Construction Show from Aug. 29-31 at the Miami Beach Convention Center that will feature panel discussions by real estate experts and an exposition featuring many of the new projects proposed in South Florida.
To obtain a complete copy of the CraneSpotters.com report of South Florida condo preconstruction prices, or to schedule an interview with Anita Funtek, contact John Fakler at Media Logistics LLC by phone at 305.970.9709 or email at Medialogisticsllc@gmail.com.
About the Miami New Construction Show: The inaugural Miami New Construction Show will be held at the Miami Beach Convention Center August 29-31, 2014. The three-day real estate exhibition will bring together key stakeholders in the new construction market in South Florida to create a marketplace where buyers meet sellers and service providers. The show is expected to become an international reference for luxury living, drawing nearly 35,000 visitors from the United States and around the world. For more information about the Miami New Construction Show please visit www.miaminewconstructionshow.com.