Condos and Development

Just Listed | Trump Palace Penthouse 5304 by Ashton Coleman

by on Apr.09, 2014, under Buyers of South Florida, Condos and Development, Deal of the Month, Luxury Residential Market, New Listings, Sunny Isles Beach Condos

Sunny Isles Beach Luxury Oceanfront Condo | Amazing Lifestyle. Endless Miami Views

An amazing opportunity. Built in 2006, Ashton Coleman Presents TrumpPalacePenthouse5304.com located on the desirable coastline of Sunny Isles Beach. Live in opulence and luxury. This is a very rare floor plan (only 1 of 4 available) includes formal areas with vaulted 12′ ceilings, a Media Room and Family Room. Penthouse #5304 features two large balconies facing the Southeast coastline with direct Atlantic Ocean & views all the way to Miami Beach & Downtown never to be obstructed! The other end of your home offers amazing city & skyline views towards Aventura and the large Intracoastal waterways of Biscayne Bay. This amazing Penthouse is over 2,800 total square feet.  The Trump Grande development includes the International Hotel, Trump Palace and Trump Royale encompassing 17 acres with an unparalleled lifestyle in the very best location along the beaches. 4 pools, restaurants, beach service, room service, Spa, fitness, child care and a lifestyle for families like no other. Valet parking for multiple vehicles and additional storage space included.

Trump Palace Penthouse 5304

Trump Palace Penthouse 5304

Trump Palace Penthouse 5304

Trump Palace Penthouse 5304

Click here to View other Sunny Isles Beach Luxury Oceanfront Condos for Sale

If you would like to schedule a showing, please contact my office at 786-27-DREAM or toll free at 888-38-DREAM to make an appointment. I’m a Miami area real estate specialist.  Over the past 12 years, I have sold & serviced Sunny Isles Beach to South Beach along with Aventura to Coral Gables.  If you would like to schedule a meeting with me, please feel free to call me directly at (305) 978-7704 or send me a note here.

RECEIVE MY BLOG UPDATES DIRECTLY TO YOUR INBOX, SUBSCRIBE HERE!

The Miami Beach Real Estate Blog is the most comprehensive online source for Sunny Isles & Miami Beach real estate information. Whether you are looking for the latest sales, trends or homes for sale in Sunny Isles Beach, The Miami Beach Real Estate Blog has it all at your fingertips. Browse information regarding the upcoming new Miami construction projects, premier gated communities, waterfront homesLofts & Townhomesforeclosures plus much more.

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Sunny Isles Beach Luxury Oceanfront Condo Market Index | March 2014

by on Mar.26, 2014, under Buyers of South Florida, Luxury Residential Market, Seller's of South Florida, Sunny Isles Beach Condos

Sunny Isles Condo Index March 2014: Edition #11

Below, we will be reviewing the latest real estate trends and comparing the luxury oceanfront market from the September 2013 Condo Index to today’s updated 2014 Sunny Isles Condo Index including premier oceanfront condo towers such as AcqualinaJADE OceanJADE BeachTurnberry Ocean ColonyTrump PalaceTrump RoyaleOcean FourSayanTrump TowersPinnacle & Millennium. I’ve excluded condo hotel properties from this research including  Trump International Beach ResortMerenas ResortOcean Point and Sole’ on the Ocean. What will be analyzed more specifically in this Miami blog post are luxury oceanfront condo buildings, statistics & new 2014 trends for the most desirable luxury condo towers along the coastline of Sunny Isles Beach.

Sunny Isles Beach Condo Index (2014)

As of March 26th, we are noting 775 total condos for sale in Sunny Isles Beach up 22% from the September 2013 Condo Index. In the last 30 days, there have been 65 total closed sales. In the last 90 days, 190 condos have sold averaging $427 per square foot with a 94% Sale to List Price Ratio and 99 days on market. In the same 90 day period of September 2013, there had been 242 condos sold averaging $385 per square foot (Sold values are Up a healthy 10% over September 2013) with a 95% Sale to List Price Ratio and 107 days on market.

Percentage Available Inventory, Average List Price & Average Price Per Square Foot for leading luxury condo towers currently listed & Active on the MLS

  • Acqualina- 17875 – 17885 Collins Avenue | 11 of 247 or 4% | Ave List Price $4.425M | Ave PPSF $1,411
  • Mansions at Acqualina – 17749 Collins Avenue – New Construction coming soon..
  • Chateau – 17475 Collins Avenue – New Construction coming soon..
  • JADE Beach – 17001 Collins Avenue | 22 of 248 or 9% | Ave List Price $3.037M | Ave PPSF $1,201
  • JADE Ocean – 17121 Collins Avenue | 20 of 250 or 8% | Ave List Price $3.404M | Ave PPSF $1,428
  • Jade Signature – 16901 Collins Avenue – New Construction coming soon..
  • Turnberry Ocean Colony North Tower – 16051 Collins Avenue | 9 of 130 or 7% | Ave List Price $3.383M | Ave PPSF $1,135
  • Turnberry Ocean Colony South Tower – 16047 Collins Avenue | 11 of 130 or 8% | Ave List Price $4.195M | Ave PPSF $1,159
  • Trump Palace – 18101 Collins Avenue | 10 of 275 or 4% | Ave List Price $1.820M | Ave PPSF $972
  • Trump Royale – 18201 Collins Avenue | 31 of 384 or 8%| Ave list Price $1.691M | Ave PPSF $908
  • Trump Tower I – 16001 Collins Avenue | 21 of 271 or 8% | Ave List Price $2.126M | Ave PPSF $888
  • Trump Tower II – 15901 Collins Avenue | 14 of 271 or 5% | Ave List Price $1.703M | Ave PPSF $795
  • Trump Tower III – 15811 Collins Avenue| 20 of 271 or 7% | Ave List Price $1.849M | Ave PPSF $864
  • Regalia – 19505 Collins Avenue – New Construction coming soon..
  • Sayan- 16275 Collins Avenue | 10 of 88 or 11% | Ave List Price $1.864M | Ave PPSF $732
  • Ocean Four – 17201 Collins Avenue | 14 of 281 or 5% | Ave List Price $1.568M | Ave PPSF $752
  • Ocean Three – 18911 Collins Avenue | 11 of 215 or 5% | Ave List Price $1.817M | Ave PPSF $690
  • Ocean Two – 19111 Collins Avenue | 5 of 254 or 2% | Ave List Price $2.617M | Ave PPSF $856
  • Ocean One – 19333 Collins Avenue | 7 of 241 or 3% | Ave List Price $1.550M | Ave PPSF $682
  • Millennium – 18671 Collins Avenue | 5 of 120 or 4% | Ave List Price $1.705M | Ave PPSF $841
  • Muse – 17141 Collins Avenue – New Construction coming soon..
  • Porsche Design Tower - 18555 Collins Avenue – New Construction coming soon..
  • Pinnacle – 17555 Collins Avenue | 14 of 244 or 6% | Ave List Price $1.684M | Ave PPSF $796
  • La Perla- 16699 Collins Avenue | 16 of 326 or 5% | Ave List Price $935k | Ave PPSF $644

Ave. Price Per Square Foot on Condos SOLD within the last 6 months, Sale Price to List and # Days On Market

  • Acqualina- 17885 Collins Avenue | 3 Closed Sales at $1,114 PSF (2% increase in SP$/PSF since Sept. 2013) | 96% SP/LP | 110 DOM
  • Mansions at Acqualina – 17749 Collins Avenue – New Construction coming soon..
  • Chateau – 17475 Collins Avenue – New Construction coming soon..
  • JADE Beach- 17001 Collins Avenue | 15 Closed Sales at $925 PSF (7% increase in SP$/PSF since Sept. 2013) | 91% SP/LP | 98 DOM
  • JADE Ocean- 17121 Collins Avenue | 6 Closed Sales at $1,123 PSF (12% increase in SP$/PSF since Sept. 2013) | 91% SP/LP | 277 DOM
  • Jade Signature – 16901 Collins Avenue – New Construction coming soon..
  • Turnberry Ocean Colony North Tower – 16051 Collins Avenue | 3 Closed Sales at $975 PSF (3% increase in PPSF since Sept. 2013) | 92% SP/LP | 197 DOM
  • Turnberry Ocean Colony South Tower – 16047 Collins Avenue | 3 Closed Sales at $925 PSF (8% increase in PPSF since Sept. 2013) | 93% SP/LP | 103  DOM
  • Trump Palace – 18101 Collins Avenue | 8 Closed Sales at $865 PSF (13% increase in PPSF since Sept. 2013) | 94% SP/LP | 169 DOM
  • Trump Royale – 18201 Collins Avenue | 10 Closed Sales at $762 PSF (5% increase in PPSF since Sept. 2013) | 94% SP/LP | 233 DOM
  • Trump Tower I – 16001 Collins Avenue | 11 Closed Sales at $681 PSF (13% increase in PPSF since Sept. 2013) | 96% SP/LP | 184 DOM
  • Trump Tower II – 15901 Collins Avenue | 7 Closed Sales at $660 PSF (8% increase in PPSF since Sept. 2013) | 97% SP/LP | 67 DOM
  • Trump Tower III – 15811 Collins Avenue | 7 Closed Sales at $774 PSF (18% increase in PPSF since Sept. 2013) | 94% SP/LP | 103 DOM
  • Regalia - 19505 Collins Avenue – New Construction coming soon..
  • Sayan- 16275 Collins Avenue | 2 Closed Sales at $566 PSF (5% Decrease in PPSF since Sept. 2013) | 96% SP/LP | 193 DOM
  • Ocean Four – 17201 Collins Avenue | 6 Closed Sales at $664 PSF (28% increase in PPSF since Sept. 2013) | 95% SP/LP | 149 DOM
  • Ocean Three – 18911 Collins Avenue | 4 Closed Sales at $598 PSF (18% increase in PPSF since Sept. 2013) | 95% SP/LP | 50 DOM
  • Ocean Two – 19111 Collins Avenue | 1 Closed Sales at $605 PSF (6% increase in PPSF since Sept. 2013) | 96% SP/LP | 7 DOM
  • Ocean One – 19333 Collins Avenue | 3 Closed Sales at $529 PSF (7% increase in PPSF since Sept. 2013) | 92% SP/LP | 40 DOM
  • Millennium – 18671 Collins Avenue | 2 Closed Sales at $733 PSF (29% increase in PPSF since Sept. 2013) | 90% SP/LP | 26 DOM
  • Muse – 17141 Collins Avenue – New Construction coming soon..
  • Porsche Design Tower - 18555 Collins Avenue – New Construction coming soon..
  • Pinnacle – 17555 Collins Avenue | 4 Closed Sales at $618 PSF (15% increase in PPSF since Sept. 2013) | 94% SP/LP | 116 DOM
  • La Perla- 16699 Collins Avenue | 12 Closed Sales at $537 PSF (4% increase in PPSF since Sept. 2013) | 88% SP/LP | 177 DOM

Sunny Isles Beach Condo Index Summary

Sunny Isles Beach condo inventory is hovering 775 total condos while property values have increased 11% (sale price per square foot average) over the last 6 months. The average buyer discounts along with the number of days it takes to sell a condominium have continued to decrease. These luxury oceanfront condo towers sustain very healthy inventory figures with less than an averaged 6% as available condo resale inventory. Each building and property tells us a different story on sales & trends while the bottom line is that the Sunny Isles Beach condo market still shows us values of continued improvement into what is considered a strong seller’s market on oceanfront real estate. Sunny Isles Beach penthouses will be news worthy this year as new construction inventory has been listed above $50 Million USD.

Buyers, Ready for an amazing Luxury condo or Waterfront home?

Call or email for the very best properties along Sunny Isles BeachAventuraBal Harbour, SurfsideNorth Bay VillageMiami Beach & South Beach.. Now also covering Coconut Grove real estate and Coral Gables. The buyer advantage is still pricing and low interest rates (~4.5%) when financing is leveraged. Luxury real estate, in the current market, has priced available resale inventory 10-20% above the most recent comparable closed sales. Prior Sales don’t always matter to affluent sellers patiently waiting and to savvy brokers who manage to set new sales records. We are seeing consistent & multiple cash offers where over 75% of sales include buyers paying cash. Multiple buyers & bids are driving up values with this 11% average market gain from just 6 months earlier.

Selling or Leasing Your Condo?

Call or email me now for a personalized market report and global marketing plan surely to gain outstanding International exposure for your condominium. Let’s start marketing today at 888.383.7326 or direct 305.978.7704. As this year continues and Miami’s pre-construction inventory begins to rise at a speculative future value, I believe prices may show favor in selling now. We are in a seller’s market with multiple buyers worldwide looking for properties such as yours.

If you’d like to receive local Miami Beach FL real estate news via these valuable blog posts, you can easily be notified by RSS feed (see upper right column) or by email each time a new real estate news post occurs. Visit JADE Condos Sunny Isles website & JADE Condo Blog relaying great information on JADE BeachJADE Ocean & JADE Signature along with Turnberry Ocean Colony Sunny Isles website & Ocean Colony Condo Blog for the ultimate luxury condo knowledge. The truth & trends are in the numbers 1.888.383.7326 and I welcome your knowledge, opinions, comments & feedback.

It’s still an excellent time to buy Miami Beach real estate as long as you and the family enjoy the property & location for years to come. Miami Dade County beaches are in big demand and a very desirable place to call home. Showing You the Very Best from Sunny Isles to South Beach!

*Click the Photo Below to Learn More About this Well Priced Listing*

Jade Beach 802

(Figures are derived from the South Florida Regional Multiple Listing Service March 2014)

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New Millionaire’s Row | Miami Beach Condo Sales History (2011 – 2013)

by on Jan.06, 2014, under Buyers of South Florida, Condos and Development, Luxury Residential Market, Miami Beach Condos, Seller's of South Florida

New Millionaire’s Row | Miami Beach Condo Sales History (2011 – 2013)

Below are the newest buildings sales history along Miami Beaches concrete canyon (including Allison Island) and the 2013 Average Asking Price Per Square Foot along with the Average Sale Price Per Square Foot for each consecutive year showing how our market is on the seller side advantage today with notable appreciation.
 
Supply has dropped substantially while prices are on the rise. 
Click on any condo building for the available inventory.

 
Terra Beachside Villas

  • Ave. PPSF = $412
  • Ave. 2013 SP$/PSF = $345
  • Ave. 2012 SP$/PSF = $300
  • Ave. 2011 SP$/PSF = $292
  • Ave. PPSF = $950
  • Ave. 2013 SP$/PSF = $852
  • Ave. 2012 SP$/PSF = $666
  • Ave. 2011 SP$/PSF = $583
  • Ave. PPSF = $1138
  • Ave. 2013 SP$/PSF = $894
  • Ave. 2012 SP$/PSF = $659
  • Ave. 2011 SP$/PSF = $514
  • Ave. PPSF = $438
  • Ave. 2013 SP$/PSF = $390
  • Ave. 2012 SP$/PSF = $331
  • Ave. 2011 SP$/PSF = $190
  • Ave. PPSF = $399
  • Ave. 2013 SP$/PSF = $322
  • Ave. 2012 SP$/PSF = $201
  • Ave. 2011 SP$/PSF = $215
  • Ave. PPSF = $927
  • Ave. 2013 SP$/PSF = $858
  • Ave. 2012 SP$/PSF = $661
  • Ave. 2011 SP$/PSF = $546

Terra Beachside Villa in Miami Beach NoBe

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Just Listed (Short Sale) at Bayview Condos by Ashton Coleman

by on Oct.31, 2013, under Buyers of South Florida, New Listings, North Bay Village Condos

North Bay Village Waterfront Condo | Amazing & Endless Miami Water Views

Short Sale Opportunity. Built in 2003, Ashton Coleman Presents Bayview Terrace Condo 904 located on the desirable Northern side of the building & Island. Modern & Clean w/Stainless Steel, Granite, Marble/Tile floors, W/D and covered garage parking. Pool & Gym overlooking Biscayne Bay. Grocery Store & Restaurants directly across the street. Central Miami Island location & 20 minutes to everything. Make a move quickly before this distressed Short Sale is SOLD. Please call with advanced notice on showings. Small pets permitted and easy to lease.

 

 
OverviewMaps

Photos

Description

$239,000
Condominium
Main Features
1 Bedroom
1 Bathroom
Interior: 755 sqft
Location
1625 Kennedy CSWY.
904D
North Bay Village, FL 33141
USA

Ashton Coleman Ashton Coleman

Keller Williams Miami Beach
(305) 978-7704
Ashton@MiamiDreamRealty.com
http://MiamiDreamRealty.com      

Listed by: Keller Williams Miami Beach

Our recent listings

Endless & Direct Bay Views – Short Sale Opportunity!
JADE Beach 1+Den (Low Floor)
Cosmopolitan for Rent w/MASSIVE Terrace!
The Michael Graves Landmark building in South Beach
2 Bedroom Ocean Drive !~

 

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Nearby properties for sale

Bayview Terrace Condo 904

Bayview Terrace Condo 904

Bayview Terrace Swimming Pool

Bayview Terrace Condos North Bay Village

Click here to View other North Bay Village Waterfront Condos for Sale

If you would like to schedule a showing, please contact my office at 786-27-DREAM or toll free at 888-38-DREAM to make an appointment. I’m a Miami area real estate specialist.  Over the past 11 years, I have sold & serviced Sunny Isles Beach to South Beach along with Aventura to Coral Gables.  If you would like to schedule a meeting with me, please feel free to call me directly at (305) 978-7704 or send me a note here.

RECEIVE MY BLOG UPDATES DIRECTLY TO YOUR INBOX, SUBSCRIBE HERE!

 

The Miami Beach Real Estate Blog is the most comprehensive online source for Sunny Isles & Miami Beach real estate information. Whether you are looking for the latest sales, trends or homes for sale in Sunny Isles Beach, The Miami Beach Real Estate Blog has it all at your fingertips. Browse information regarding the upcoming new Miami construction projects, premier gated communities, waterfront homes, Lofts & Townhomes, foreclosures plus much more.

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The Miami Beach Real Estate Reviews, Statistics & Trends for June 2013

by on Jun.11, 2013, under Buyers of South Florida, Condos and Development, Seller's of South Florida

Miami’s New Construction

is now the talk of the town with new oceanfront towers including Mansions at AcqualinaPorsche Design TowerRegalia, Chateau, Jade Signature and 400 Sunny Isles (Sunny Isles Beach) along with One Ocean and Ocean House (South Beach) selling early as preconstruction. The outlook should always be long term gains with the primary reason in purchasing for your use & enjoyment, and developers have increased down payment expectations to prevent speculators from entering the market. Regardless, confident investors are buying and International money is fueling our local economy.

Miami Beach Condo Inventory

is fluctuating in an upward trend yet still in favor of buyers with 7.5 months of condo inventory for sale. Condo inventory is up 4% (YTD) from June of 2012 and up 7% since the previous study in October. Luxury condo towers such as Jade OceanJade BeachOcean FourTrump RoyaleTrump Towers and Turnberry Ocean Colony are noticing only 3 to 5% of condo inventory for sale and to top it off, asking & receiving premiums over 2012 closed sale comparable properties. The premier 3 bedroom lines directly over the Atlantic ocean now hover $1.5-$3.5M. Good deals come and go but if you’re looking to own here, the market trends show us a seller’s market with an average discount of 5% and little room to negotiate.

Selling Prices on Premier Luxury Properties

are still setting records for 2013 values with the Setai Penthouse selling at an astonishing $3,799 sp/psf value or $27M and Ocean House Penthouse #702 selling at $3,592 PSF or $15M. St. Regis of Bal Harbour has set the third highest sales record with $1,577PSF or $10.8M. Setai #3801 & #2308 sold at $2,995PSF or $7.575M & $3045PSF or $7.790M respectively. Other high sales were found on Fisher Island $1,480PSF, Continuum South $2,048PSF, Apogee $2,111PSF & Murano Grande $1,253PSF. Sunny Isles Beach shows us the JADE Beach Penthouse condo which sold for $1,036PSF or $4.290M and ’4′ high Sales at Turnberry Ocean Colony selling from $884PSF to $1,078PSF.

Of the last 90 days, the Top 10 Highest Sales based on selling price per square foot averaged $2,322.

Miami Beach Real Estate Statistics for the month of June

reflect 2,372 total condos for sale along the Miami-Dade County oceanfront communities of South BeachMiami BeachBal HarbourNorth Bay Village and Sunny Isles Beach with condo inventory levels up 4% year to date; this month condo inventory is up 7% over October with what’s now a 7.5 month supply based on the previous 30-day closed sales:

** South Beach Condos925 for sale | 127 Sales in last 30 days | Average Days on Market 103 | Average Buyer Discount 4% | Average PPSF Asking $553 / Sold $527

** Miami Beach Condos548 for sale | 78 Sales in last 30 days | Average Days on Market 98 | Average Buyer Discount 4% | Average PPSF Asking $406 / Sold $385

** Bal Harbour Condos196 for sale | 23 Sales in last 30 days | Average Days on Market 163 | Average Buyer Discount 8% | Average PPSF Asking $616 / Sold $562

** North Bay Village Condos106 for sale | 9 Sales in last 30 days | Average Days on Market 84 | Average Buyer Discount 3% | Average PPSF Asking $205 / Sold $198

** Sunny Isles Beach Condos597 for sale | 80 Sales in last 30 days | Average Days on Market 106 | Average Buyer Discount 5% | Average PPSF Asking $412 / Sold $386

Miami Beach | Sunny Isles Real Estate Summary

Miami Beach condo inventory has increased slightly at 7% since October but during this same time period selling prices have risen 11%. Sale-price to list-price ratios have maintained an average 5% buyer discount, active days on market reflect ~ 3.70 months to sell while average selling prices have increased 15% year to date.

Indicators are showing solid signs of market improvement while developers build & promote new construction on the last remaining parcels of premier Miami land. With selling price per square foot trending upwards over the prior year, and inventory absorption holding steady, we are in a solid seller’s market from what was once the buyer’s market from 2006 to 2011.

For the month of June, Miami Beach (REO) Bank Owned foreclosures made up only 3% of our inventory and have sold at 103% sale to list while Miami Beach short sales also at 3% of our condo inventory and selling at 101% sale to list. 79% of all closed sales over the last 30 days were cash transactions.

Miami’s warm climate and diverse population make it one of the nation’s most desirable locations and the market shift has been noted as trends move in favor of another boom. Many buyers are enjoying the great purchase values of Miami Beach luxury condos averaging only $411 per square foot in selling values compared to other desirable Cities offering much higher priced real estate. There remains a vast amount of buying opportunity along the Miami Beaches with the most important deciding factor being your families use & enjoyment for years to come. For more information on premier locations, luxury buildings, condos & homes for sale or statistics & trends simply email, find me on Facebook, ‘Live Chat’ or call me toll free at 1.888.383.7326 or direct at 305.978.7704.

For detailed monthly Miami Beach Condo Statistics, sign up for the e-Newsletter on the right side – ‘Join Our Mailing List

Miami Beach Real Estate

October 2012 – Real Estate Statistics for the Miami Beaches

September 2012 – Real Estate Statistics for the Miami Beaches

July 2012 – Real Estate Statistics for the Miami Beaches

June 2012 – Real Estate Statistics for the Miami Beaches

Februaury 2012 – Real Estate Statistics for the Miami Beaches

July 2011 – Real Estate Statistics for the Miami Beaches

May 2011 – Real Estate Statistics for the Miami Beaches

March 2011 - Real Estate Statistics for the Miami Beaches

February 2011 – Real Estate Statistics for the Miami Beaches

{all figures derived from SE Florida MLS, MLXChange}

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Sunny Isles Beach Luxury Oceanfront Condo Market Index 4Q 2012

by on Oct.23, 2012, under Buyers of South Florida, Condos and Development, Luxury Residential Market, Seller's of South Florida, Sunny Isles Beach Condos

Edition #9: October 2012 Sunny Isles Condo Index

We’ll be reviewing the latest  trends and comparing the luxury oceanfront market from the 1Q 2012 Condo Index to today’s updated 4Q 2012 Sunny Isles Condo Index including premier oceanfront condo towers such as Turnberry Ocean Colony,AcqualinaJADE OceanJADE BeachTrump PalaceTrump RoyaleOcean FourSayanTrump TowersPinnacle & Millennium. I’ve excluded condo hotel properties from this research including  Trump International Beach ResortMerenas ResortOcean Point and Sole on the Ocean. What will be analyzed more specifically in this post are luxury oceanfront condo buildings, statistics & new 2012 trends for the most desirable luxury towers along the coastline of Sunny Isles Beach.

Sunny Isles Beach Condo Index (4Q 2012)

As of October 23rd, we are noting 554 total condos for sale in Sunny Isles Beach down 19% from the January 2012 Condo Index. In the last 30 days, there have been 66 total closed sales. In the last 90 days, 297 condos have sold averaging $354 per square foot with a 98% Sale to List Price Ratio and 123 days on market. In the same 90 day period of January 2012, there had been 212 condos sold averaging $264 per square foot (Sold values Up 11% over January 2012) with a 94% Sale to List Price Ratio and 163 days on market.

Percentage Available Inventory, Average List Price & Average Price Per Square Foot for leading luxury condo towers currently listed & Active on the MLS

Ave. Price Per Square Foot on Condos SOLD within the last 6 months, Sale Price to List and # Days On Market

Sunny Isles Beach Condo Index Summary

Sunny Isles Beach condo inventory is way down hovering 554 total condos for sale while property values have increased considerably (16% PSF Average). The average buyer discounts have decreased along with the number of days on the market it takes to sell a condominium. These oceanfront condo towers now have very healthy inventory figures as shown above in blue with less than an average 4% available. Each building & property will tell a different story on sales and trends while the bottom line is that the Sunny Isles Beach condo market has shown major signs of improvement (since 2009) on oceanfront real estate. It’s still an awesome time to buy Miami Beach real estate as long as you and the family will enjoy the property for years to come. Miami Dade County Beaches are in big demand and a very desirable place to call home.

Buyers ready for an oceanfront property? Call or email for the very best condo deals along Sunny Isles BeachBal HarbourNorth Bay VillageMiami Beach & South Beach. The buyer advantage is still pricing and leverage but we are consistently seeing multiple cash offers and dwindling inventory which are driving up values as we noted the 16% gain from earlier this year. As this new year comes to an end and inventory continues to decrease, I believe prices will show in favor for continued improvement and a fast transition back to a sellers market.

Selling or Leasing Your Condo? Now is the Time! Call or email me now for a personalized market report and global marketing plan surely to gain proper exposure for your condominium. Let’s start marketing today at 1. 888.383.7326 or direct 1. 305.978.7704.

If you’d like to receive local Miami Beach FL real estate news via these valuable blog posts, you can easily be notified by RSS feed (see upper right column) or by email each time a new real estate news post occurs. Visit JADE Condos Sunny Isles website & JADE Condo Blog relaying great information on JADE Beach & JADE Ocean along with Turnberry Ocean Colony Sunny Isles website & Ocean Colony Condo Blog for the ultimate luxury condo knowledge. The truth is in the numbers 1.888.383.7326 and I welcome your knowledge, opinions, comments & feedback.

Showing You the Very Best from Sunny Isles to South Beach!

(Figures are derived from the South Florida Regional Multiple Listing Service October 2012)

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The Miami Beach Real Estate RE-Views for September 2012

by on Sep.05, 2012, under Bal Harbour Condos, Buyers of South Florida, Miami Beach Condos, North Bay Village Condos, Seller's of South Florida, South Beach Condos, Sunny Isles Beach Condos

Miami Beach Condo inventory is fluctuating ever so slightly with 9.6 months of condo inventory for sale. Condo inventory is down 19% (YTD) from September of 2011 and down 1% since the previous review in July. Luxury condo towers such as Jade OceanJade BeachOcean Four and Turnberry Ocean Colony are noticing only 3 to 5% of condo inventory for sale and to top it off, asking & receiving premiums over 2011 closed sale comparables. Other luxury towers such as Trump Royale have sold out on the most desirable floor plans while Trump Tower III, the remaining Trump tower to sell out, holds the final 5-8% developer inventory with the premier 3 bedroom (A model) now hovering $1.750M to $2.5M. Good deals come and good deals go but if your looking to own here, the market is shifting back to the sellers side. The outlook should always be long term with the primary reason in purchasing for your use & enjoyment.

Selling prices on premier properties are setting new area records for 2012 values with the Setai Penthouse selling at an astonishing $3,463 sp/psf value or $21.5M and Setai #3709 selling at $2,856 PSF or $7.2M. South Beach record setting Apogee reflected the most desirable Miami Beach Penthouse selling at $11.5 Million, while Apogee condo 2103 sale on the top 10 list of 2011 set a sales record for Apogee at $1,775 PSF while in 2012, Apogee #2001 has also sold for $8.825M or $2,124PSF. The W Hotel Penthouse sold in 2011 for $2,602 PSF, Continuum Penthouse 3 sold at $3,379 PSF, Continuum PH1 sold for $2,547 PSF and Setai #3609 sold at $2,380 PSF. Miami Beaches most desirable oceanfront condo residence Il Villaggio sold unit #1605 at $1,688 PSF. Bal Harbour’s 2011 record condo sale went to One Bal Harbour #808 which sold at $1,194 PSF, while Sunny Isles Beach shows us the JADE Ocean Skyloft Penthouse condo which sold for $3.5M or $1,020 per square foot.

Of the last 90 days, the top 10 highest sales based on selling price per square foot averaged $1,909.

Miami Beach Real Estate Statistics for the month of September.

reflect 2,306 total condos for sale along the Miami-Dade County oceanfront communities of South BeachMiami BeachBal HarbourNorth Bay Village and Sunny Isles Beach with condo inventory levels down 19% year to date; this month condo inventory is down 1% over July with what’s now an 9.6 month supply based on the previous 30-day closed sales:

** South Beach Condos943 for sale | 88 Sales in last 30 days | Average Days on Market 133 | Average Buyer Discount 5% | Average PPSF Asking $534 / Sold $500

** Miami Beach Condos573 for sale | 60 Sales in last 30 days | Average Days on Market 109 | Average Buyer Discount 4% | Average PPSF Asking $338 / Sold $318

** Bal Harbour Condos184 for sale | 9 Sales in last 30 days | Average Days on Market 166 | Average Buyer Discount 9% | Average PPSF Asking $544 / Sold $489

** North Bay Village Condos66 for sale | 19 Sales in last 30 days | Average Days on Market 71 | Average Buyer Discount 1% | Average PPSF Asking $161 / Sold $157

** Sunny Isles Beach Condos540 for sale | 64 Sales in last 30 days | Average Days on Market 134 | Average Buyer Discount 4% | Average PPSF Asking $359 / Sold $340

Miami Beach | Sunny Isles Real Estate Summary

Miami Beach condo inventory has decreased slightly at 1%, sale-price to list-price ratios have maintained an average 5% buyer discount, active days on market reflect ~ 4.10 months to sell while average selling prices have increased 14% year to date. Indicators are still showing good signs for market improvement. With selling price per square foot continually trending upwards, we are in a shifting market to a seller’s from what was once the buyer’s bottom in 2009.

Sunny Isles Beach selling prices (Average SP$ per square foot) decreased 1% since July stats (30% Increase in Selling Values YTD), Bal Harbour remained the same since July and decreased 1% YTD, South Beach condo sale prices decreased 1% since July and increased 17% YTD. Miami Beach average sales figures show us a decrease since July of 2% with a 8% YTD increase while North Bay Village reflects an increase of 1% since July and an increase of 17% YTD. For the month, Miami Beach (REO) Bank Owned foreclosures made up only 2% of our inventory and have sold at 105% sale to list while Miami Beach short sales made up 4% of our condo inventory and sold at 96% sale to list. 78% of all closed sales over the last 30 days were cash transactions!

Miami’s warm climate and diverse population makes it a very desirable location and the market shift has been noted as trends move in favor of a new market. Many buyers are enjoying the great values of Miami Beach luxury condos averaging only $387 per square foot in asking values compared to other desirable areas offering much higher priced real estate. There remains a vast amount of buying opportunity along Miami-Dade County with most importantly, your families enjoyment for years to come. For more information on oceanfront locations, luxury buildings, condos for sale or statistics & trends simply email, find me on ‘Live Chat’ or call me toll free at 1.888.383.7326.

For detailed monthly Miami Beach condo statistics, sign up for the e-Newsletter on the right side – ‘Join Our Mailing List 

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July 2012 – Real Estate Statistics for the Miami Beaches

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The Miami Beach Real Estate RE-Views for July 2012

by on Jul.16, 2012, under Bal Harbour Condos, Buyers of South Florida, Luxury Residential Market, Miami Beach Condos, North Bay Village Condos, South Beach Condos

Miami Beach Condo inventory is fluctuating with what may possibly due to summer months and we now find 10 months of condo inventory for sale. Condo inventory is down 20% (YTD) from July of 2011 and up 2% since review last month. Luxury condo towers such as Jade OceanJade BeachOcean Four and Turnberry Ocean Colony are noticing only 3 to 5% condo inventory for sale and to top it off, asking (& receiving) premiums over 2009 & 2010 closed sale comparables. Other luxury towers such as Trump Royale have sold the most desirable floor plans while Trump Tower III, the remaining Trump tower to sell out, holds the final 5-10% developer inventory with the premier 3 bedroom (A model) now hovering $1.7 to $2.5M. Good deals come and good deals go but if your looking to own here, the market has & is shifting back to the sellers side. The outlook should always be long term with the primary reason in purchasing for use & enjoyment.

Selling prices on premier properties are setting new area records for 2012 values with the Setai Penthouse selling at an astonishing $3,463 sp/psf value or $21.5M and Setai #3709 selling at $2,856 PSF or $7.2M. South Beach record setting Apogee reflected the most desirable Miami Beach Penthouse selling at $11.5 Million, while Apogee condo 2103 sale on the top 10 list of 2011 set a sales record for Apogee at $1,775 PSF while in 2012, Apogee #2001 has also just sold for $8.825M or $2,124PSF. The W Hotel Penthouse sold in 2011 for $2,602 PSF, Continuum Penthouse 3 just sold at $3,379 PSF, Continuum PH1 sold for $2,547 PSF and Setai #3609 sold at $2,380 PSF. Miami Beaches most desirable oceanfront condo residence Il Villaggio sold unit #1605 at $1,688 PSF. Bal Harbour’s 2011 record condo sale went to One Bal Harbour #808 which sold at $1,194 PSF, while Sunny Isles Beach shows us the JADE Ocean Skyloft Penthouse condo which sold for $3.5M or $1,020 per square foot.

Of the last 90 days, the top 10 highest sales based on selling price per square foot averaged $1,822.

Miami Beach Real Estate Statistics for the month of JULY.

reflect 2,313 total condos for sale along the Miami-Dade County oceanfront communities of South BeachMiami BeachBal HarbourNorth Bay Village and Sunny Isles Beach with condo inventory levels down 20% year to date; this month condo inventory is up 2% over June with what’s now an 10 month supply based on the previous 30-day closed sales:

** South Beach Condos942 for sale | 86 Sales in last 30 days | Average Days on Market 128 | Average Buyer Discount 5% | Average PPSF Asking $538 / Sold $506

** Miami Beach Condos559 for sale | 74 Sales in last 30 days | Average Days on Market 137 | Average Buyer Discount 5% | Average PPSF Asking $349 / Sold $325

** Bal Harbour Condos204 for sale | 10 Sales in last 30 days | Average Days on Market 236 | Average Buyer Discount 6% | Average PPSF Asking $455 / Sold $429

** North Bay Village Condos68 for sale | 11 Sales in last 30 days | Average Days on Market 115 | Average Buyer Discount 4% | Average PPSF Asking $163 / Sold $156

** Sunny Isles Beach Condos540 for sale | 63 Sales in last 30 days | Average Days on Market 147 | Average Buyer Discount 5% | Average PPSF Asking $360 / Sold $337

Miami Beach | Sunny Isles Real Estate Summary

Miami Beach condo inventory has increased slightly at 2%, sale-price to list-price ratios have maintained an average 5% buyer discount, active days on market reflect ~ 5.10 months to sell while average selling prices have increased 10% year to date. Indicators are still showing good signs for market improvement. With selling price per square foot continually trending upwards, we are in a shifting market to what was once the buyer’s bottom in 2009.

Sunny Isles Beach selling prices (Average SP$ per square foot) increased 5% since June stats (17% Increase in Selling Values YTD), Bal Harbour decreased 2% since June and decreased 11% YTD, South Beach condo sale prices increased 10% since June and increased 18% YTD. Miami Beach average sales figures show us an increase since June of 7% with 14% YTD while North Bay Village reflects a decrease of 4% since June and an increase of 21% YTD. For the month, Miami Beach (REO) Bank Owned foreclosures made up only 3% of our inventory and have sold at 105% sale to list while Miami Beach short sales made up 5% of our condo inventory and sold at 96% sale to list. 79% of all closed sales over the last 30 days were cash transactions!

Miami’s warm climate and diverse population makes it a very desirable location and the market shift has been noted as trends move in favor of a new market. Many buyers are in to enjoy the great values of Miami Beach luxury condos averaging only $349 per square foot in asking values compared to other Countries and metro areas much higher. There remains a vast amount of buying opportunity along Miami-Dade County Beaches with most importantly enjoyment for years to come. For more information on oceanfront locations, luxury buildings, condos for sale or statistics & trends simply email, find me on ‘Live Chat’ or call me toll free at 1.888.383.7326.

For detailed monthly Miami Beach condo statistics emailed each month, sign up for the e-Newsletter on the right side – ‘Join Our Mailing List

June 2012 – Real Estate Statistics for the Miami Beaches

Februaury 2012 – Real Estate Statistics for the Miami Beaches

July 2011 – Real Estate Statistics for the Miami Beaches

May 2011 – Real Estate Statistics for the Miami Beaches

March 2011 - Real Estate Statistics for the Miami Beaches

February 2011 – Real Estate Statistics for the Miami Beaches

November 2010 – Real Estate Statistics for the Miami Beaches

October 2010 – Real Estate Stats for the Miami Beaches

September 2010 - Real Estate Statistics for the Miami Beaches

June 2010 – Real Estate Statistics for the Miami Beaches

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Sunny Isles Beach Luxury Oceanfront Condo Market Index 1Q 2012

by on Jan.02, 2012, under Buyers of South Florida, Condos and Development, Luxury Residential Market, Seller's of South Florida, Sunny Isles Beach Condos

Edition #8 of the January 2012 Sunny Isles Condo Index

We’ll be reviewing the latest  trends and comparing the luxury oceanfront market from the 1Q 2011 Condo Index to today’s updated 1Q 2012 Sunny Isles Condo Index including premier oceanfront towers such as Turnberry Ocean Colony,AcqualinaJADE OceanJADE BeachTrump PalaceTrump RoyaleOcean FourSayanTrump TowersPinnacle & Millennium. I’ve excluded condo hotel properties from this research including  Trump International Beach ResortMerenas ResortOcean Point and Sole on the Ocean.

Sunny Isles Beach Condo Index (1Q 2012)

As of January 2nd, we are noting 688 total condos for sale in Sunny Isles Beach down 19% from the May 2011 Condo Index.

In the prior 30 days, there have been 62 total closed sales. In the last 90 days, 212 condos have sold averaging $264 per square foot with a 94% Sale to List Price Ratio and 163 days on market. In the same 90 day period of January 2nd 2011, there had been 207 condos sold averaging $221 per square foot (Sold values UP 16% over January 2011) with a 93% Sale to List Price Ratio and 123 days on market.

What will be analyzed more specifically in this post are luxury oceanfront condo building statistics & new trends for the most desirable luxury towers along the coastline of Sunny Isles Beach.
Percentage Available Inventory, Average List Price & Average Price Per Square Foot for leading luxury condo towers currently listed & Active on the MLS

Ave. Price Per Square Foot on Condos SOLD within the last 6 months, Sale Price to List and # Days On Market

Sunny Isles Beach Condo Index Summary

Sunny Isles Beach condo inventory is down hovering 688 total condos for sale while property values have increased considerably (16% YTD) as International & domestic buyers purchase these new 2012 deals. Oceanfront condo towers now have very healthy inventory figures as shown above in blue with all but Sayan showing less than 10% available as condo inventory for sale. Each building & property tells a different story and the bottom line is that the Sunny Isles Beach condo market has shown significant signs of improvement since 2009 on oceanfront real estate. It’s still an excellent time to buy Miami Beach real estate as long as you & the family will use the property and enjoy it for years to come.

Selling or Leasing Your Condo? Are you trying to sell or lease with no solid results, little communication with market value updates, aggressive global marketing & overall progress in meeting the goal… Call or email me now for a personalized market report and global marketing plan surely to gain proper exposure for your condominium. Let’s start today at 1.888.383.7326 or direct 1.305.978.7704.

Buyer’s ready for a great property? Call or email for the very best condo deals along Sunny Isles BeachBal HarbourNorth Bay VillageMiami Beach & South Beach. The buyer advantage is still selection & leverage but we are consistently seeing multiple cash offers and dwindling inventory which are driving up values as we noted the 16% gain from a year ago today. The low-end residential condo market is accelerating with 60% of condo sales under $250k. As this new year progresses and inventory continues to decrease, I believe prices will show in favor for continued improvement in the transition back to a sellers market. If you’d like to receive local Miami Beach FL real estate news via these valuable blog posts, you can easily be notified by RSS feed (see upper right column) or by email each time a new real estate news post occurs. Visit JADE Condos Sunny Isles website & JADE Condo Blog relaying great information on JADE Beach & JADE Ocean along with Turnberry Ocean Colony Sunny Isles website & Ocean Colony Condo Blog for intimate luxury condo knowledge! The truth is in the numbers 1.888.383.7326 and I welcome your knowledge, opinions, comments & feedback.

Showing You the Very Best from Sunny Isles to South Beach!

South Beach Miami

(Figures are derived from the South Florida Regional Multiple Listing Service January 2012)

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Miami Beach Condo Sales & Trends – 2011 Year In Review

by on Dec.28, 2011, under Buyers of South Florida, Condos and Development, Miami Beach Condos

Hello friends and only 5 days until 2012! As KT would say, I am a ‘Realtor first and a blogger second’ so please forgive the delay in posting new local information. What we’re reviewing below is the Miami Beach condo sales & trends for 2011 compared to prior years. I plan on doing an updated Sunny Isles Beach condo index soon so stay tuned!

Miami Beach Condo Sales vs. Selling Price Per Square Foot (SP$/SF):

 

Available condo inventory today rests at 2,819 with 248 sales last month for an 11 month supply.

Harbour House Penthouse for Short Term Leasing

All figures derived from the South Florida MLS (Multiple Listing Service) including Miami Beach, South Beach, Bal Harbour, North Bay Village and Sunny Isles Beach.

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The Miami Beach Real Estate RE-Views for July 2011

by on Jul.26, 2011, under Bal Harbour Condos, Buyers of South Florida, Condos and Development, Miami Beach Condos, North Bay Village Condos, Seller's of South Florida, South Beach Condos, Sunny Isles Beach Condos

In the midst of Miami summertime fun and things are somewhat quiet yet both foreign & domestic buyers are still in weekly scouting the good buys from lingering inventory. Speaking of condo inventory, we see it decreasing consistently showing us a 34% (YTD) drop from July of 2010 and another 4% over the prior month. Luxury condo towers such as Jade Ocean, Jade Beach, Ocean Four and Turnberry Ocean Colony are noticing only 2 to 3 condos for sale on the most desirable floor plans and to top it off, asking 25% premiums over 2009 & 2010 closed sale comparables. Other luxury towers such as Trump Royale have sold the most desirable floor plans while Trump Tower III, the remaining Trump tower to sell out, holds firm on the final inventory that remains specific to the 3 bedroom (A model) which hovers $1.8M.

Besides uptick indicators mentioned above & below, selling prices are setting new area records in 2011. South Beach record setting Apogee just sold the most desirable Miami Beach Penthouse at $11.5 Million. This Apogee condo sale is number 10 on the list of 2011 sales records for South Miami Beach of $1,678 per square foot while the highest sale goes to W Penthouse 6 which sold on July 1st for $2,602 PSF. Miami Beaches most desirable Bath Club 3002 sold on July 20th for $1,000 PSF. Bal Harbours 2011 record condo sale went to One Bal Harbour 1501 which sold at $1,053 PSF, while Sunny Isles Beach shows us the JADE Ocean Skyloft Penthouse condo which sold for $3.5M or $1,020 per square foot.

Statistics for the month of JULY reflect 2,884 total condos for sale along the Miami-Dade County oceanfront communities of South BeachMiami BeachBal HarbourNorth Bay Villageand Sunny Isles Beach with condo inventory levels down 34% year to date; again this month condo inventory is down 4% over last with what is now an 11 month supply based on the previous 30-day closed sales:

** South Beach Condos1,036 for sale | 99 Sales in last 30 days | Average Days on Market 124 | Average Buyer Discount 5% | Average PPSF Asking $445 / Sold $413

** Miami Beach Condos760 for sale | 69 Sales in last 30 days | Average Days on Market 143 | Average Buyer Discount 5% | Average PPSF Asking $297 / Sold $278

** Bal Harbour Condos: 199 for sale | 7 Sales in last 30 days | Average Days on Market 188 | Average Buyer Discount 8% | Average PPSF Asking $543 / Sold $482

** North Bay Village Condos: 88 for sale | 19 Sales in last 30 days | Average Days on Market 141 | Average Buyer Discount 2% | Average PPSF Asking $129 / Sold $123

** Sunny Isles Beach Condos801 for sale | 61 Sales in last 30 days | Average Days on Market 138 | Average Buyer Discount 5% | Average PPSF Asking $308 / Sold $280

Miami Beach | Sunny Isles Real Estate Summary

Miami Beach condo inventory continues decreasing month over month, sale-price to list-price ratios have maintained an average 5% buyer discount while active days on market have decreased to ~ 4 months to sell. Each of these indicators prove to be good signs for market improvement. Still I’m watching and beginning to note the selling price per square foot in many cases trending upwards especially since 2009 and depending on the location & type of condo along the beaches.

Sunny Isles Beach selling prices (Ave. per square foot) decreased 2% over the prior month while Bal Harbour and South Beach condo sale prices increased 4% and 6% respectively.  Over the prior 90 day period, selling price per square foot has increased an average 4% along the beaches. For the prior month, Miami Beach (REO) Bank Owned foreclosures made up only 2% of our inventory and have sold at 101% sale to list while Miami Beach short sales made up 13% of our condo inventory and sold at 99% sale to list. 77% of all closed sales last month were cash transactions! Miami’s warm climate is most desirable and the market shift is noted as trends move in favor of a new balanced market by the end of the year. Many buyers are in to enjoy the great values of Miami Beach luxury condos and to explore what remains to be a vast amount of buying opportunity along Miami-Dade County Beaches. For more information on oceanfront locations, luxury buildings or statistics & trends simply email, find me on ‘Live Chat’ or call me toll free at 1.888.383.7326. For detailed monthly Miami Beach condo statistics emailed each month, sign up for the e-Newsletter on the right side – ‘Join Our Mailing List.’

  New Listing at Terra Beachside Villas #312Terra Beachside Villa 312 Miami Beach Loft Condos for Sale

May 2011 – Real Estate Statistics for the Miami Beaches

March 2011 - Real Estate Statistics for the Miami Beaches

February 2011 – Real Estate Statistics for the Miami Beaches

November 2010 – Real Estate Statistics for the Miami Beaches

October 2010 – Real Estate Stats for the Miami Beaches

September 2010 - Real Estate Statistics for the Miami Beaches

June 2010 – Real Estate Statistics for the Miami Beaches

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Sunny Isles Beach Luxury Oceanfront Condo Market Index 2Q 2011

by on May.19, 2011, under Buyers of South Florida, Condos and Development, Investments, Seller's of South Florida, Sunny Isles Beach Condos

Edition #7 of the 2011 Sunny Isles Condo Index

We’ll be reviewing the latest  trends and comparing the luxury oceanfront market from the 3Q 2010 Sunny Isles Condo Index to today’s updated 2Q 2011 Sunny Isles Condo Index including premier oceanfront towers such as Turnberry Ocean Colony, Acqualina, JADE Ocean, JADE Beach, Trump Palace, Trump Royale, Ocean Four, Sayan, Trump Towers, Pinnacle & Millennium. I’ve excluded condo hotel properties from this research including  Trump International Beach Resort, Merenas Resort, Ocean Point and Sole on the Ocean.

Sunny Isles Beach Condo Index (2Q 2011)

As of May 19th, we are noting 852 total condos for sale in Sunny Isles Beach down 22% from the July 2010 Condo Index. So far in 2011, there have been 361 total closed sales (Figures are derived from the South Florida Regional Multiple Listing Service May 2011) this year. In the last 90 days, 177 condos have sold averaging $247 per square foot with a 99% Sale to List Price Ratio and 140 days on market. In the same 90 day period of July 14th 2010, there had been 176 condos sold averaging $256 per square foot (Sold values down 4% over July 2010) with a 93% Sale to List Price Ratio and 164 days on market.

What will be analyzed more specifically in this post are luxury oceanfront condo building statistics & new trends for the most desirable luxury towers along the coastline of Sunny Isles Beach.
Percentage Available Inventory, Average List Price & Average Price Per Square Foot for leading luxury condo towers currently listed & Active on the MLS

Ave. Price Per Square Foot on Condos SOLD within the last 6 months, Sale Price to List and # Days On Market

Sunny Isles Beach Condo Index Summary

Sunny Isles Beach condo inventory is down hovering 852 total condos for sale while property values have increased (10% YTD) considerably as International & domestic buyers purchase these 2011 deals. The majority of oceanfront condo towers now have healthy inventory figures as shown above in blue with anything less 15% available for sale. Each building & property tells a different story and the bottom line is this Sunny Isles Beach condo market showing significant signs of improvement on oceanfront real estate. It’s an excellent time to buy Miami Beach real estate as long as you & the family will use it and enjoy it for at least the next few years.

Selling or Leasing Your Condo? Are you trying to sell or lease with no results, communication, market value updates, aggressive global marketing & overall progress in meeting the goal.. Call or email for a personalized market report and global marketing plan surely to gain proper exposure for your condominium. Let’s start today at 1.888.383.7326 or direct 1.305.978.7704.

Buyer’s ready for a great property? Call or email for the very best condo deals along Sunny Isles Beach, Bal Harbour, North Bay Village, Miami Beach & South Beach. The buyer advantage is still selection & leverage but we are consistently seeing multiple cash offers driving up values as we noted the 10% gain over a year ago today. The low-end residential condo market is accelerating with 60% of condo sales under $250k. As this year progresses and inventory continues to decrease, I believe prices will show in favor for continued improvement. If you’d like to receive local Miami Beach FL real estate news via these valuable blog posts, you can easily be notified by RSS feed (see upper right column) or by email each time a new real estate news post occurs. Visit JADE Condos Sunny Isles website & JADE Condo Blog relaying great information on JADE Beach & JADE Ocean along with Turnberry Ocean Colony Sunny Isles website & Ocean Colony Condo Blog for intimate luxury condo knowledge! The truth is in the numbers 1.888.383.7326 and I welcome your knowledge, opinions, comments & feedback.

Showing You the Very Best from Sunny Isles to South Beach!

JADE Beach & JADE Ocean

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The Miami Beach Real Estate RE-Views for May 2011

by on May.10, 2011, under Bal Harbour Condos, Buyers of South Florida, Condos and Development, Luxury Residential Market, Miami Beach Condos, North Bay Village Condos, Seller's of South Florida, South Beach Condos, Sunny Isles Beach Condos

South Beach record setting Apogee just sold the most desirable Miami Beach Penthouse at $11.5 Million and was slowly reduced 48% from the original list price of $22 Million back in 2008. This sets a 2011 sales record of $1,678 per square foot while Sunny Isles Beach sold (auctioned) an Acqualina condo for $3.630M or $822 per square foot.

Statistics for the month of MAY reflect 3,210 total condos for sale along the Miami-Dade County oceanfront communities of South BeachMiami BeachBal HarbourNorth Bay Village and Sunny Isles Beach with condo inventory levels down 26% year to date; again this month condo inventory is down 4% over last with what is now an 11 month supply based on the previous 30-day closed sales:

** South Beach Condos1,158 for sale | 97 Sales in last 30 days | Average Days on Market 145 | Average Buyer Discount 6% | Average PPSF Asking $414 / Sold $379
** Miami Beach Condos838 for sale | 89 Sales in last 30 days | Average Days on Market 152 | Average Buyer Discount 5% | Average PPSF Asking $265 / Sold $247
** Bal Harbour Condos213 for sale | 11 Sales in last 30 days | Average Days on Market 151 | Average Buyer Discount 9% | Average PPSF Asking $469 / Sold $418
** North Bay Village Condos120 for sale | 27 Sales in last 30 days | Average Days on Market 162 | Average Buyer Discount 1% | Average PPSF Asking $130 / Sold $128
** Sunny Isles Beach Condos881 for sale | 66 Sales in last 30 days | Average Days on Market 142 | Average Buyer Discount 3% | Average PPSF Asking $265 / Sold $248

Miami Beach | Sunny Isles Real Estate Summary

Miami Beach condo inventory continues decreasing month over month, sale-price to list-price ratios have maintained an average 5% buyer discount while active days on market have decreased to ~ 4 months to sell. Each of these indicators prove to be good signs for market improvement. Still I’m watching and beginning to see the selling price per square foot trending upwards depending on the location along the beaches.

Sunny Isles Beach selling prices (Ave. per square foot) decreased 2% over the prior month while Bal Harbour and South Beach condo sale prices increased 4% and 6% respectively.  Over the prior 90 day period, selling price per square foot has increased an average 4% along the beaches. For the prior month, Miami Beach (REO) Bank Owned foreclosures made up only 2% of our inventory and have sold at 101% sale to list while Miami Beach short sales made up 13% of our condo inventory and sold at 99% sale to list. 77% of all closed sales last month were cash transactions! Miami’s warm climate is most desirable and the market shift is noted as trends move in favor of a new balanced market by the end of the year. Many buyers are in to enjoy the great values of Miami Beach luxury condos and to explore what remains to be a vast amount of buying opportunity along Miami-Dade County Beaches. For more information on oceanfront locations, luxury buildings or statistics & trends simply email, find me on ‘Live Chat’ or call me toll free at 1.888.383.7326. For detailed monthly Miami Beach condo statistics emailed each month, sign up for the e-Newsletter on the right side – ‘Join Our Mailing List.’

March 2011 - Real Estate Statistics for the Miami Beaches

February 2011 – Real Estate Statistics for the Miami Beaches

November 2010 – Real Estate Statistics for the Miami Beaches

October 2010 – Real Estate Stats for the Miami Beaches

September 2010 - Real Estate Statistics for the Miami Beaches

June 2010 – Real Estate Statistics for the Miami Beaches

Sunny Isles Beach Aerial Tour - 2011

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The Miami Beach Real Estate RE-Views for March 2011

by on Mar.16, 2011, under Bal Harbour Condos, Buyers of South Florida, Condos and Development, Investments, Miami Beach Condos, North Bay Village Condos, Seller's of South Florida, South Beach Condos, Sunny Isles Beach Condos

The new year, new positive news plus an abundance of new buyers have figures on their way UP and Miami Beach real estate sales are looking stronger than ever. Inventory has fallen as a steady confidence builds along the beaches while news sources such as the Miami Herald, CNBC & Wall Street Journal relay that now is the time to own (if not last year) for the record real estate lows along the Miami Beaches.

Statistics for the month of March reflect 3,580 total condos for sale along the Miami-Dade County oceanfront communities of South BeachMiami BeachBal HarbourNorth Bay Village and Sunny Isles Beach with condo inventory levels down 18% year to date; again this month condo inventory is down a whopping 9% over last with what is now an 13.6 month supply based on the previous 30-day closed sales:

** South Beach Condos1,286 for sale | 108 Sales in last 30 days | Average Days on Market 155 | Average Buyer Discount 6% | Average PPSF Asking $404 / Sold $373
** Miami Beach Condos: 954 for sale | 68 Sales in last 30 days | Average Days on Market 138 | Average Buyer Discount 6% | Average PPSF Asking $244 / Sold $224
** Bal Harbour Condos208 for sale | 9 Sales in last 30 days | Average Days on Market 123 | Average Buyer Discount 6% | Average PPSF Asking $334 / Sold $338
** North Bay Village Condos144 for sale | 19 Sales in last 30 days | Average Days on Market 98 | Average Buyer Discount 1% | Average PPSF Asking $117 / Sold $118
** Sunny Isles Beach Condos988 for sale | 60 Sales in last 30 days | Average Days on Market 143 | Average Buyer Discount 7% | Average PPSF Asking $290 / Sold $262

Miami Beach | Sunny Isles Real Estate Summary

Miami Beach condo inventory continues decreasing month over month, sale-price to list-price ratios have maintained an average 5% buyer discount while active days on market have decreased to ~ 4 months to sell. Each of these indicators prove to be good signs for market improvement. Still I’m watching and beginning to see the selling price per square foot trending upwards depending on the location along the beaches. Sunny Isles Beach selling prices (Ave. per square foot) increased 12% over the prior period while Bal Harbour condo sales decreased 15%.  Over the prior 90 day period, selling price per square foot has decreased an average 2% along the beaches. For the prior month, Miami Beach (REO) Bank Owned foreclosures made up only 3% of our inventory and have sold at 101.6% sale to list while Miami Beach short sales made up 14% of our condo inventory and sold at 94% sale to list. 79% of all closed sales last month were cash transactions! Miami’s weather is perfect and the market shift is noted as trends move in favor of a new balanced market by the end of the year. Many buyers are in to enjoy the warmth (& coolness factor) of Miami Beach luxury condos and to explore what remains to be a vast amount of great opportunity along Miami-Dade County Beaches. For more information on oceanfront locations, luxury buildings or statistics & trends simply write, find me on ‘Live Chat’ or call me toll free at 1.888.383.7326.

February 2011 – Real Estate Statistics for the Miami Beaches

November 2010 – Real Estate Statistics for the Miami Beaches

October 2010 – Real Estate Stats for the Miami Beaches

September 2010 - Real Estate Statistics for the Miami Beaches

June 2010 – Real Estate Statistics for the Miami Beaches

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The Magic City – Miami

by on Mar.06, 2011, under Buyers of South Florida, Community Information, Condos and Development

I love Miami.

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The Miami Beach Real Estate RE-Views for February 2011

by on Feb.08, 2011, under Bal Harbour Condos, Buyers of South Florida, Condos and Development, Investments, Miami Beach Condos, North Bay Village Condos, South Beach Condos, Sunny Isles Beach Condos

The seasonal slope since December shows figures on their way UP and Miami Beach real estate sales are looking very good. Inventory continues to fall while Pending Sales and Selling price per square foot are up over January 8% and 5% in the neighborhoods of Bal Harbour and Sunny Isles Beach respectively.. A steady confidence builds along the beaches, while news sources such as the Miami Herald & Wall Street Journal relay now is the time to own (if not last year) for the record real estate lows of the Miami Beaches.

Statistics for the month of February reflect 3,928 total condos for sale along the Miami-Dade County oceanfront communities of South BeachMiami BeachBal HarbourNorth Bay Village and Sunny Isles Beach with condo inventory levels down 9% year to date; again this month condo inventory is down 2% over last month with what is now an 18.27 month supply based on the previous 30-day closed sales:

** South Beach Condos1,401 for sale | 81 Sales in last 30 days | Average Days on Market 139 | Average Buyer Discount 5% | Average PPSF Asking $401/Sold $371
** Miami Beach Condos1,044 for sale | 64 Sales in last 30 days | Average Days on Market 136 | Average Buyer Discount 5% | Average PPSF Asking $241/Sold $222
** Bal Harbour Condos217 for sale | 6 Sales in last 30 days | Average Days on Market 124 | Average Buyer Discount 7% | Average PPSF Asking $440/Sold $399
** North Bay Village Condos192 for sale | 15 Sales in last 30 days | Average Days on Market 99 | Average Buyer Discount 2% | Average PPSF Asking $123/Sold $119
** Sunny Isles Beach Condos1,074 for sale | 49 Sales in last 30 days | Average Days on Market 124 | Average Buyer Discount 6% | Average PPSF Asking $249/Sold $231

Miami Beach | Sunny Isles Real Estate Summary

Miami Beach condo inventory has decreased consistently 2-6% each month, sale-price to list-price ratios have reflected an average 4-6% buyer discount while active days on market have decreased to 4.13 months to sell. Each of these indicators prove to be good signs for market improvement. What I’m watching closely this year and beginning to see is the selling price per square foot jumping about depending on the location. Over the prior 90 day period, selling price per square foot has increased an average 3% along the beaches. For the prior month, Miami Beach (REO) Bank Owned foreclosures made up only 3% of our inventory and have sold at 101.58% sale to list while Miami Beach short sales made up 16% of our condo inventory and sold at 94% sale to list. 78% of all closed sales last month were cash transactions! Seasonal demand is huge, Miami’s warm :) and the market shift is noted as trends move in favor of a new balanced market by years end. Many buyers are in to enjoy the warmth (& coolness factor) of Miami Beach luxury condos and to explore what remains to be a vast amount of good opportunities along Miami-Dade County Beaches. For more information on oceanfront locations, luxury buildings or statistics & trends simply write, find me on ‘Live Chat’ or call me toll free at 1.888.383.7326.

November 2010 – Real Estate Statistics for the Miami Beaches

October 2010 – Real Estate Stats for the Miami Beaches

September 2010 - Real Estate Statistics for the Miami Beaches

June 2010 – Real Estate Statistics for the Miami Beaches

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2010 Annual Report – Miami Beach Condo Sales – A Year In Review.

by on Dec.31, 2010, under Bal Harbour Condos, Buyers of South Florida, Community Information, Condos and Development, Luxury Residential Market, Miami Beach Condos, North Bay Village Condos, Seller's of South Florida, South Beach Condos, Sunny Isles Beach Condos

Miami Beach Real Estate Blog Postings have been few & far between and I plan to post a lot more in 2011. This year has been another record setting year for MiamiDreamRealty.com with more sales than in prior years and a Google dominance noted daily as the 4 niche websites and 4 blogs outperform others with customer inquiries growing by the month. I’ve started a large referral business in 2010 with very competent agents handling transactions and will be adding to this Miami Dream Team in 2011. I’ve added more great real estate information and new waterfront listings to the monthly e-Newsletter by MailChimp and encourage you to sign up for local monthly updates.

This annual report will be the 2010 year in review comparing this year’s condo sales to 2009 & 2008 for a 3-year snapshot on sales & trends.

As of December 31st 2010, there are 4,216 total Miami Beach condos for sale via MLS (S.E. Florida Multiple Listing Service) including all Miami-Dade oceanfront communities (plus North Bay Village). For general purposes, we’ll review all price ranges and in the coming weeks, I’ll post an updated pricing band analysis for select beachfront locations such as South Beach & Sunny Isles Beach condos.

MIAMI BEACH CONDO SALES

AVERAGE ASKING PRICE PER SQUARE FOOT

AVERAGE SELLING PRICE PER SQUARE FOOT

AVERAGE BUYER DISCOUNT & DAYS ON MARKET

CLOSED BANK OWNED (REO) & SHORT SALE (SS) INVENTORY

Conflicting evidence with positive growth indicators showing condo sales increasing, inventory decreasing and buyer discounts decreasing. On the flipside of the equation, selling price per square foot of condos are also decreasing year over year. On a pricing band analysis, I suspect we may see a different story such as properties over $1M vs. properties under $250k. I find it interesting that with 4% of our Miami Beach condo inventory as bank owned and 17% of active inventory as short sales, that 2010 proved to be a very big year for bank owned (REO) sales now surpassing short sales! I’ll be reporting on new 2011 condo sales, statistics and trends so check back often for new updates on the local Miami Beach real estate market. For more information visit the many real estate websites or call toll free at 1.888.383.7326.

Just 10 hours left until 2011.. Have a happy & safe New Year!

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Foreclosure Limbo – CNBC Interview

by on Nov.02, 2010, under Community Information, Condos and Development

After the Miami Herald picked up a Tweet I did on a client & real estate transaction subject to Bank of America’s foreclosure halt, CNBC called that day to interview both of us.. After an hour and a half of interview tape, CNBC used less than 20 seconds (lol)..

Here’s a quick clip of us on the TodayShow..

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The Miami Beach Real Estate RE-Views for November 2010

by on Nov.01, 2010, under Bal Harbour Condos, Buyers of South Florida, Condos and Development, Investments, Miami Beach Condos, North Bay Village Condos, Seller's of South Florida, South Beach Condos, Sunny Isles Beach Condos

The summer time condo trends have had their ups & downs and Miami Beach real estate sales did slow somewhat over the summer months, while inventory rose then fell back to April 2010 levels. Although a steady confidence builds along the beaches, the month of October again proved it to be a slower month for condo sales…

Statistics for the month reflect 4,356 total condos for sale along the Miami-Dade County oceanfront communities of South BeachMiami BeachBal Harbour, North Bay Village and Sunny Isles Beach with condo inventory levels down 6% year to date; again this month condo inventory is down 2% over last month with what is now a 27 month supply based on the previous 30-day closed sales:

** South Beach Condos1,535 for sale | 56 Sales in last 30 days | Average Days on Market 127 | Average Buyer Discount 6% | Average PPSF Asking $338/Sold $308
** Miami Beach Condos1,219 for sale | 44 Sales in last 30 days | Average Days on Market 155 | Average Buyer Discount 5% | Average PPSF Asking $254/Sold $236
** Bal Harbour Condos237 for sale | 7 Sales in last 30 days | Average Days on Market 184 | Average Buyer Discount 8% | Average PPSF Asking $371/Sold $329
** North Bay Village Condos216 for sale | 8 Sales in last 30 days | Average Days on Market 81 | Average Buyer Discount 2% | Average PPSF Asking $130/Sold $127
** Sunny Isles Beach Condos1,149 for sale | 46 Sales in last 30 days | Average Days on Market 127 | Average Buyer Discount 4% | Average PPSF Asking $243/Sold $227

Miami Beach | Sunny Isles Real Estate Summary

On one side of the coin, Miami Beach condo inventory has been decreasing ~2% each month, sale-price to list-price ratios have been increasing reflecting an average 4% buyer discount while active days on market have decreased to 4.5 months to sell. All of these three indicators are good signs for improvement but on the flipside, I’m also seeing selling price per square foot on the consistent, downward trend. For the prior month, Miami Beach (REO) Bank Owned foreclosures made up only 4% of our inventory and have sold at 101% sale to list while Miami Beach short sales made up 18% of our condo inventory and sold at 96% sale to list. 79% of all closed sales last month were cash transactions! Seasonal demand has been huge and short term luxury rentals available via MLS are almost completely absorbed. Many vacationers will be in for the holidays to enjoy the cool bliss of Miami Beach during winter and to explore the vast opportunity along Miami-Dade County Beaches. For more information on oceanfront locations, luxury buildings or statistics & trends simply write, find me on ‘Live Chat’ or call me toll free at 1.888.383.7326.

October 2010 – Real Estate Stats for the Miami Beaches

September 2010 - Real Estate Statistics for the Miami Beaches

June 2010 – Real Estate Statistics for the Miami Beaches

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The Miami Beach Real Estate RE-Views for October 2010

by on Oct.05, 2010, under Bal Harbour Condos, Buyers of South Florida, Condos and Development, Luxury Residential Market, Miami Beach Condos, North Bay Village Condos, Seller's of South Florida, South Beach Condos, Sunny Isles Beach Condos

The summer time buyer mentality is that Miami Beach real estate sales slow down and although a steady confidence builds, the month of September again proved it to be so…

Statistics for the month reflect 4,434 total condos for sale along the oceanfront communities of South Beach, Miami Beach, Bal Harbour, North Bay Village and Sunny Isles Beach and down 5% over this time last year; down 2% over last month:

** South Beach Condos: 1,621 for sale | 58 Sales in last 30 days | Average Days on Market 138 | Average Buyer Discount 4% | Average PPSF Asking $337/Sold $311
** Miami Beach Condos: 1,205 for sale | 39 Sales in last 30 days | Average Days on Market 150 | Average Buyer Discount 6% | Average PPSF Asking $255/Sold $236
** Bal Harbour Condos: 232 for sale | 4 Sales in last 30 days | Average Days on Market 147 | Average Buyer Discount 9% | Average PPSF Asking $380/Sold $332
** North Bay Village Condos: 232 for sale | 12 Sales in last 30 days | Average Days on Market 79 | Average Buyer Discount 3% | Average PPSF Asking $136/Sold $130
** Sunny Isles Beach Condos: 1,144 for sale | 51 Sales in last 30 days | Average Days on Market 142 | Average Buyer Discount 4% | Average PPSF Asking $240/Sold $231

Seasonal demand is huge and short term luxury rentals are rare. Customers will be in for the holidays to enjoy the bliss of Miami during winter and to explore the vast opportunity along Miami-Dade County Beaches. For more information on oceanfront locations, buildings or statistics simply write, find me on ‘Live Chat’ or call me toll free at 1.888.383.7326.

September 2010 - Real Estate Statistics for the Miami Beaches

June 2010 – Real Estate Statistics for the Miami Beaches

South Beach Views SoFi South of Fifth

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