As of November 4, 2010 there are 1468 condominiums and 380 single family homes for sale in the Miami Beach, 33139, 33140 and 33141 zip codes.*
Of these 3% are bank owned properties and 14% are short sales.
The lowest priced property currently on the market is a 295 sq foot hotel unit at The All Seasons Hotel on 3621 Collins Avenue for $42,000.
The highest priced condominium unit for sale is a 3 bedroom, 2.5 bathroom, penthouse suite at The Setai, 101 20th Street, with 6,209 square feet listed for $27,000,000. A 7 bedroom, 8 bathroom single family home at 5800 North Bay Road is listed for sale at $29,000,000.
The year so far: January 2010 – November 2010; has seen the sale of 916 condominium units in the Miami Beach region. This is a 24% increase on the 740 condominium units that sold in Miami Beach during the same period last year. There has been a 13% increase in the number of single family homes sold this year over the same period last year, with 171 closed sales.
A bank owned studio at 818 Pennsylvania Avenue sold in September for $31,500. A 10 bedroom, 12 bathroom waterfront estate at 88 La Gorce Island sold for $16,000,000 after 287 days on the market and an original list price of $19,500,000. Of all condominium sales in Miami Beach, the median sales price is $269 per square foot with an average listing period of 84 days. For single family homes the median selling price this year is $284 per square foot with 120 days on the market.
*All numbers and data in this report are pulled from the MLS (multiple listing service) and do not include sales directly by owner.
Report produced by Kelly Charles of Gary Hennes Realtors.
786 469 9594. contact@kellycharles.com
Tuesday, November 9, 2010
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