Continuum on South Beach | The 2019 Mid-Year Review

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  • July 30th, 2019

The 2019 Continuum South Beach Mid Year Review

Whether you are looking to buy or to sell your Continuum on South Beach unit, you will like to know the current state of the market. Therefore the Continuum Experts are providing you with Continuum’s key data for 2019

The Average, Lowest and Highest Sales Prices per SF
1, 2, 3 and 4+ bedroom residences at Continuum South Beach

Continuum on South Beach | The 2019 Mid-Year Review

As mentioned several times in previous blogs, the larger units are very desired at the moment. Many tax refugees are moving to Miami with their families or like to enjoy the larger units for relatively low prices per SF (compared to many other global cities).  Looking at the prices per SF for the different units we can tell that the larger 3+ bedrooms are getting increasingly desired with surging prices, higher record prices and higher entry level prices. The 1 and 2 bedroom units however saw a slight dip with lower entry level prices and lower average prices.

The Amount of Sales in Q1 & Q2 of 2019
1, 2, 3 and 4+ bedroom residences at Continuum South Beach

Continuum on South Beach | The 2019 Mid-Year Review

On a positive note for the entire building, sales have taken off. While 3+ bedrooms seem to be selling at the same speed as 2019, 1 and 2 bedrooms are selling relatively more compared to 2018. The gap between sales and listing prices is decreasing for the 1 and 2 bedrooms, meaning owners are pricing their units more realistically and closer to market price.

The Difference in Listing and Sales Prices for Continuum Miami Beach 
1, 2, 3 and 4+ bedroom residences at Continuum South Beach

Continuum on South Beach | The 2019 Mid-Year Review

Units for Sale at Continuum on South Beach

Below you can see how many 1, 2, 3, or 4+ bedrooms are currently on the market and what they are listed for. We also show you the months of inventory for all types of Continuum Residences for sale. Three bedrooms show the highest inventory, while 2 bedrooms show the lowest inventory.

Current Listing Prices per SF for Continuum on Miami Beach
1, 2, 3 and 4+ bedroom residences at Continuum South Beach

Continuum on South Beach | The 2019 Mid-Year Review

Months of Inventory at Continuum on South Beach
1, 2, 3 and 4+ bedroom residences at Continuum South Beach

Continuum on South Beach | The 2019 Mid-Year Review

Advice for Buyers at Continuum on South Beach

We see that one and two bedrooms are currently lowering their prices in order to sell. Average prices have already lowered and the difference between listing and sales prices is getting smaller, meaning sellers are becoming more realistic and price according to market values.
Three and four bedrooms are very desired at the moment and prices are increasing.

We are very bullish on Continuum Units for sale, but one has to pay the right price. Use this article as a guideline or call us directly to make sure you are not overpaying for your unit.

Advice for Sellers at Continuum on South Beach

If you are selling a one or two bedroom, you need to price your unit right the first time. There are many units for sale and although there are many sales in the building, buyers are not willing to spend top dollar for standard units. The 3+ bedrooms are currently very desired, which makes it a great moment to sell one of the larger units. Contact David Siddons today to see what your unit is worth and to discuss our marketing approach and how we will sell your Continuum unit

Contact the Continuum Experts today to learn more about Continuum on South Beach or to discuss a particular unit

David Siddons | +1.305.508.0899 | David@siddonsgroup.com
Executive Director of Luxury Sales at Douglas Elliman Real Estate

David Siddons is a top producing Miami realtor with nearly $100M in yearly sales. He is known as a market analyst and he is the author of several of Miami’s most anticipated and influential real estate reports and forecasts

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