First Quarter 2019 Miami Beach Luxury Condo Report

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1 First Quarter 9 Miami Beach Luxury Condo Report This report highlights any transactions entered into the Multiple Listing Service (MLS) and does not include developer sales or new construction that is not included within the MLS.

2 Miami Beach Maret Report Condo Resales PROJECT One Ocean Apogee Continuum South Continuum North DEVELOPER Related Group Related Bruce Eichner Bruce Eichner ARCHITECT Enrique Norten/ TEN Arquitectos Sieger-Suarez Fullerton-Diaz Sieger-Suarez ADDRESS Collins Ave. S. Pointe Dr. S. Pointe Dr. S. Pointe Dr. PROJECT AREA Miami Beach Miami Beach Miami Beach Miami Beach FLOORS UNITS COMPLETION DATE PROJECT ICON South Beach The Setai Faena House Edition DEVELOPER Related Setai Group Faena Group Ian Schrager ARCHITECT Michael Graves Alayo & Denniston Foster +Partners John Pawson ADDRESS Alton Rd. th St. Collins Ave. 9 Collins Ave. PROJECT AREA Miami Beach Miami Beach Miami Beach Miami Beach FLOORS, UNITS 9 COMPLETION DATE Q 9 Miami Beach Luxury Condo Report

3 Miami Beach Maret Report Condo Resales PROJECT The St. Regis Marea Miami Beach South Pointe Towers Murano Grande DEVELOPER Starwood Related John A. Hinson Related ARCHITECT Sieger-Suarez Sieger-Suarez Sieger-Suarez ADDRESS 9, 9, & 9 Collins Ave. S Pointe Dr. South Pointe Dr. Alton Rd. PROJECT AREA Miami Beach Miami Beach Miami Beach Miami Beach FLOORS,, UNITS COMPLETION DATE 9 PROJECT Murano Portofino W Hotel/Residences One Hotel & Homes Glass DEVELOPER Related Tristar, Related, Starwood LeFra and Starwood Capital Terra Group ARCHITECT Sieger-Suarez Nichols Brosch & Costas Kondylis HKS Inc. & Kobi Karp Rene Gonzalez ADDRESS S. Pointe Dr. Collins Ave. th St. Ocean Dr. PROJECT AREA Miami Beach Miami Beach Miami Beach Miami Beach FLOORS,, UNITS 9 COMPLETION DATE Q 9 Miami Beach Luxury Condo Report

4 Miami Beach Maret Report Condo Resales Year Over Year Sales Q AVG. SALES M M M M M M M $,, L $,, E $,, #OF SALES U $,, U $,, N $,, A SS $,, N $,, $,, $,, $,, $,, $,, $,, $,, A O O N H S AI & M Q AVG. SALES M M M M M M $,, $,, $,9, #OF SALES $,, $,, $,, $,, $,, $,, $,, $,, $,, Q 9 AVG. SALES M M M M M ES $,, $,, E $,, H TH $,, N SE SS #OF SALES N $,, A DE $,, $,, O N RS $,, IS AI $,, ES $,, HOTEL + HOMES NORTH SOUTH EDITION FAENA HOUSE GLASS ICON MAREA MURANO GRANDE MURANO PORTOFINO ONE OCEAN SETAI SOUTH POINTE W HOTEL & RESIDENCES Q 9 Miami Beach Luxury Condo Report

5 Miami Beach Maret Report Condo Resales Q 9 (Jan-Mar) Sales Maret Snapshot Total # of Active & Closed Units 9 Active Closed Condo Mix # Sold Sales Share Med. Sales Price Studio % $ - bedroom % $, - bedroom % $,, - bedroom 9% $,, - bedroom % $,, - bedroom % $ Total Sales Volume $9,, Average and Median Price & PPSF Average Avg. PPSF $, $,9, $, Median Median PPSF $,9, CLOSED SALES Average Sale Price $,, Average Sale Price Per Square Foot $,9 Median Sale Price $,, $, - $, $, - $, $, - $, Number of Sales by PPSF Median Sale Price Per Square Foot $, $, - $, Active Number of Sales (Closed) $ - $, Days on Maret 99 ACTIVE LISTINGS Average List Price $,9, Average List Price Per Square Foot $, Median List Price $,9, Median List Price Per Square Foot $, Listing Inventory (Active) 9 Listing Discount From Original List Price % Absorption Period (Months).9 $,, - $,999,999 $,, - $,999,999 $,, - $,999,999 $,, - $,999,999 $,, - $,999,999 $,, - $,999,999 $,, - $,999,999 Number of Sales By Absolute Dollar Amount Above $,, Below $999,999 $,9 $,, $, $,, Closed Q 9 Miami Beach Luxury Condo Report

6 Miami Beach Maret Report Condo Resales Q 9 (Jan-Mar) Sales Average PPSF and # of Closed Units by Month $, $, $, PPSF # Closed Units PPSF # Closed Units $, From January to March, the number of sales increased by sales $, $ $, and the average price per SQFT dropped by $9 dollars. $ Jan Feb Mar Average $PSF and DOM by Month $, PPSF PPSF DOM DOM The average Days on $, $, $ $, $, $, 9 Maret increased by days, from January to March. $ Jan Feb Mar Q 9 Miami Beach Luxury Condo Report

7 Miami Beach Maret Report Condo Resales Q 9 (Jan-Mar) Sales Average Active & Closed $PSF and Total # of Units Sold by Building Active Closed # Closed Units $,9 $, $, $, $, $, $,99 $, $, $, $, $, $, $,9 $ $ $,9 $, $9 $, $, $ $, $,9 $,9 $,9 HOTEL & HOMES NORTH SOUTH EDITION FAENA HOUSE GLASS ICON MAREA MURANO GRANDE MURANO PORTO FINO ONE OCEAN SETAI SOUTH POINTE TOWERS W SOU TH BEACH Average Active & Closed Price and Total # of Units Sold by Building Active Closed # Closed Units M $,, $,, M M $,, $,, $,9, M M M $,, $,, $,, $,9,9 $,, $,, $,, $,,9 $,, $,,9 $,, $,, $,, $,, $,9,9 $,, $,, $,, $,, $,,9 $,, HO TE L & HOMES NORTH SOUTH EDITION FAENA HOUSE GLASS ICON MAREA MURANO GRANDE MURANO PORTOFINO ONE OCEAN SE TA I SOUTH POINTE TOWERS W SOUTH BEACH Q 9 Miami Beach Luxury Condo Report

8 Miami Beach Maret Report Condo Resales Q 9 (Jan-Mar) Sales Average Active PPSF by Building and Unit Type Studio BR BR BR BR BR $,9 $,9 $,99 $, $,9 $, $, $,9 $, $, $, $, $,9 $, $, $, $,99 $, $, $, $, $, $, $, $, $, $, $,9 $,9 $,9 $,9 $,99 $, $, $, $, $ $ $, $, $, $, $,9 $,9 $, $, $, $, $,9 $,9 $,9 $, $ HO TE L AND HOMES NORTH SOUTH EDITION FAENA HOUSE GLASS ICON MAREA MURANO GRANDE MURANO PORTOFINO ONE OCEAN SE TA I SOUTH POINTE TOWERS W SOUTH BEACH Average Closed PPSF by Building and Unit Type Studio BR BR BR BR BR $, $,9 $, $, $, $, $, $ $ $, $ $ $9 $,99 $,9 $, $,9 $ HO TE L AND HOMES NORTH SOUTH EDITION FAENA HOUSE GLASS ICON MAREA MURANO GRANDE MURANO PORTOFINO ONE OCEAN SE TA I SOUTH POINTE TOWERS W SOUTH BEACH Q 9 Miami Beach Luxury Condo Report

9 9 Miami Beach Maret Report Condo Resales Q 9 (Jan-Mar) Sales Total # of Active and Closed Units by Building # Closed Units # Active Units W SOUTH BEACH SOUTH POINTE TOWERS SETAI ONE OCEAN MURANO PORTOFINO MURANO GRANDE MAREA ICON GLASS FAENA HOUSE EDITION SOUTH NORTH HOTEL & HOMES Of the comparable condominiums noted, had sales in Q 9 (% sold). Continuum South and South Pointe Towers hold the highest sales at sales each. Continuum South holds the highest active listings at listings. Continuum South holds the lowest average Days on Maret at days. HOTEL & HOMES NORTH SOUTH Average Days On Maret and Total # of Units Sold by Building EDITION FAENA HOUSE DOM DOM GLASS # Closed Units # Closed Units 9 ICON MAR EA MURANO GRANDE MURANO PORTOFINO ONE OCEAN SETAI SOUTH POINTE TOWERS W SOUTH BEACH Q 9 Miami Beach Luxury Condo Report

10 Miami Beach Maret Report Condo Resales Q 9 (Jan-Mar) Sales Average Active & Closed $PSF and # of Units Sold by Unit Type Active Closed # Closed Units $, $, $, $, $,9 $,9 $, $, $,9 $, Studio BR BR BR BR BR Two bedroom units hold the highest number of sales at sales. Two bedroom units hold Average Active & Closed Price and Total # of Units Sold by Unit Type an average sales price of M M M $9, $,, $99, Active Closed # Closed Units $,, $,, $,, $,9, $9,,9 $,, $,, $,9, and a closed price per SQFT of $,. Studio BR BR BR BR BR Q 9 Miami Beach Luxury Condo Report

11 Miami Beach Maret Report Condo Resales Q 9 (Jan-Mar) Sales BR BR BR BR BR Studio Total # of Active and Closed Units by Unit Type # Closed Units # Active Units Two bedroom units continue to hold the highest active listings at listings. One bedroom units continue to hold the highest Days on Maret at days. Average Days On Maret and Total # of Units Sold by Unit Type Studio and five bedroom DOM DOM # Closed Units # Closed Units units hold the lowest sales at sales each. Two bedroom units hold the lowest average Days on Maret at days with a total of sales. Studio BR BR BR BR BR Q 9 Miami Beach Luxury Condo Report

12 S Pointe Dr, Suite, Miami Beach, FL 9 t:.9. KEY BISCAYNE Crandon Boulevard, Key Biscayne, FL 9 t:.. COCONUT GROVE S Bayshore Dr, Suite, Miami, FL t:.. SOUTH MIAMI Red Road, Suite A, South Miami, FL t:..99 Q 9 Miami Beach Luxury Condo Report Active units represent the number of currently active units on //9. Source for all re-sale values: flexmls.com.