Real Estate Palmetto Bay Report February 2023
This Palmetto Bay report presents data related to the sold date, list price, sold price, price per square foot, and units per month for the period of February 2022 to March 2023. The data presented in this report is a summary of the transactions that took place in the said period. The aim of this report is to analyze the trends and patterns in the real estate market during the given period.
Summary of Findings:
The data shows that the total sold price during the given period was $302,617,304.00, with a grand total of $306,867,175.00 for the list price. The average price per square foot was $433.7, with the highest being $514.7 in November 2022 and the lowest being $396.1 in March 2022. In terms of units sold, the highest was in May 2022, with 31 units sold, and the lowest was in November 2022, with only 8 units sold.
The data also shows that the trend for the sold price, list price, and price per square foot was relatively stable from February 2022 to April 2022. However, starting from May 2022, there was a noticeable increase in the sold price and list price, with a peak in June 2022. The price per square foot remained relatively stable throughout the period, with a peak in November 2022.
In terms of units sold, there was a peak in May 2022, with 31 units sold, followed by June 2022 and July 2022, with 24 units sold each. However, from August 2022 to November 2022, there was a decrease in the number of units sold, with a low of only 8 units sold in November 2022.
In conclusion, the data presented in this Palmetto Bay report shows a relatively stable trend in the real estate market from February 2022 to April 2022, followed by an increase in sold price and list price from May 2022 to June 2022. However, the number of units sold decreased from August 2022 to November 2022. The data also shows that the price per square foot remained relatively stable throughout the period, with a peak in November 2022. These trends and patterns in the real estate market during the given period can be used to make informed decisions at the moment to buy or sell a property in Palmetto Bay.
If you are looking to have a detail report about Palmetto Bay area, please don’t hesitate to contact us in Miami at 786-287-3241.
To see properties available for sale in Palmetto Bay you can visit realtywonders.com/city/palmetto-bay.
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