2009 Trophy Property Sales from South Beach to Sunny Isles Beach.
Amazing to see 199 (733 for sale today) luxury condo sales over $1M for the YTD MLS (Multiple Listing Service) records covering the Miami Dade oceanfront communities of Sunny Isles Beach, Bal Harbour, Surfside, Miami Beach & South Beach. Over $4M there were 11 sales, $6M there were 6 and $8M there was 1 luxury condo sales in 2009.
With 871 total YTD 2009 sales, South Beach had 93 closed sales over $1M. South Beach set the area records with high sales at Continuum (PH-1) selling at $9.9M, Il Villaggio (PH 6&7) selling at $7M and Murano at Portofino (3801) selling at $7.450M
Continuum PH-1 – LP$/SF=$2,027 SP$/SF=$1,342, DOM 562, Closed 05/15
Il Villaggio PH 6&7 – LP$/SF=$2,438 SP$/SF=$1,228, DOM 107, Closed 02/12
Murano at Portofino – LP$/SF=$2,508 SP$/SF=$1,557, DOM 714, Closed 01/21
One Bal Harbour had 16 sales alone over $1M with a record high for Bal Harbour real estate at $5.2M along with The Palace & Bellini right behind selling at $2.6M & $2.3M respectively.
One Bal Harbour 2008 – LP$/SF=$1,196 SP$/SF=$987, DOM 182, Closed 09/29
The Palace at Bal Harbour 15F – LP$/SF=$799 SP$/SF=$705, DOM 266, Closed 10/08
Bellini 1601 – LP$/SF=$654 SP$/SF=$602, DOM 75, Closed 02/13
With 623 total YTD 2009 sales, Sunny Isles Beach had 49 closed sales over $1M and a record high sale over $4M which was Acqualina (PH4506) selling at $4.999M, Trump Palace selling at $2.875M and Turnberry Ocean Colony which sold at $2.1M.
Acqualina PH4506 – LP$/SF=$1,231 SP$/SF=$779, DOM 40, Closed 09/02
Trump Palace 1009 – LP$/SF=$862 SP$/SF=$710, DOM 106, Closed 07/10
Turnberry Ocean Colony 2604 – LP$/SF=$629 SP$/SF=$562, DOM 582, Closed 10/13
I’m continuing to write new posts here on the Miami Beach real estate blog after spending countless hours, days, weeks and years developing this blog site only to see Google kick it to the SEO curb and for what I don’t know (yet).. I’ve been building this real estate information database since November 2007 and thought I’d invest more into it this year making it “pretty”… well if it’s not broke, don’t try & fix it folks! I changed WordPress hosting and hired a developer to giver it a face lift however with these efforts came an enormous drop in rankings and visitors. This is first a business, second a resource database and so it has to make sense when countless hours are invested into researching & reporting on our market. I am in it for life and never giving up but have stalled this last few weeks on adding valuable posts while my trusted contributor Lisa Canfield added fun posts related to the seasonal events & happenings of Miami Beach. I’ve been working on the sites back end for search engine purposes and it should bounce back to the normal reader count soon enough.
2010 business goals. I’m creating more sites (details coming soon) and offering value added services to keep you informed on the local market focusing more on the luxury condos of Sunny Isles Beach. The new year will bring new real estate services and many more real estate related videos showcasing the very best condos for sale for your information & enjoyment. I’ll likely be bringing in a buyer’s representative who can efficiently assist the many buyers inquiring on investment condos under $300k. It was a banner year for MiamiDreamRealty.com representing 60% and 40% sellers and I expect 2010 to be another great year as consumer confidence increases dramatically along our oceanfront market!
Anything you’d like to see me bring to the table real estate related, let me know. Share your thoughts & knowledge by commenting at any time on any post and have a great holiday season! 1.888.383.7326