Oceanfront Condos Sold: price per square foot in Miami Beach, Bal Harbour, Sunny Isles, Hollywood-Hallandale, Fort Lauderdale
As we come to the end of June, a 6 month marker for the year, we thought it would be a good time to take a look at the data. We pulled statistical data for Miami Beach, Bal Harbour, Sunny Isles, Hollywood-Hallandale, and Fort Lauderdale (which includes Lauderdale by the Sea and Pompano Beach). Each city has its own statistical identity which you will see in the charts.
We used the following criteria for the data:
- Oceanfront Condo
- Built after 2002
- Units with over 1500 square feet under air
- Minimum of 2 bedrooms
We are looking at average asking price, average closed sale price, average percentage sold to asking price and the number of condo sales with this criteria. This information was sourced from the MLS of South Florida.
On average, Miami Beach commands the highest price per square foot.
Bal Harbour, a much smaller geographic area has the highest percentage of selling to asking price. Sellers are less negotiable.
Sunny Isles had the highest number of closed sales. Sunny Isles also has a dense concentration of relatively new oceanfront condos built after 2002.
You can see that Hollywood and Hallandale offer the best prices per square foot.
Fort Lauderdale does not have that many newer oceanfront condos.
A footnote to add, there is always a delay of reporting on closed sales so additional closed sales data for June is expected.
- Miami-Fort Lauderdale Sold Oceanfront Condos- Last 90 Days
- Prices for oceanfront condos in Fort Lauderdale-Miami Beach-Sunny Isles-Bal Harbour-Hallandale-Hollywood
- Is anyone buying a condo in south florida?
- Condo Statistics for Hollywood and Hallandale Beach
- Statistics on the Miami and Ft. Lauderdale High End Oceanfront Condo Market
June 28th, 2008 at 3:17 pm
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June 28th, 2008 at 3:19 pm
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June 28th, 2008 at 3:27 pm
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June 28th, 2008 at 3:52 pm
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July 6th, 2008 at 6:29 pm
Susan:
Thanks for your note and information. Please feel free to call me at your convenience
I must tell you that I’m very focused in the area I would like to find as well as the price. In part it’s a bet on my side that prices will rebound over the next 4 or 5 years to levels you saw 2 years ago. I’m also not focused on beachfront property, but at the right price and condition, I would certainly entertain any suggestions. Where I’m looking is Aventura, and focused on Mystic Pointe Condos with a water view.
Best Regards,
Steve
August 19th, 2008 at 11:47 am
Hi Steve:
Thanks for your inquiry. I will be in touch directly by email and phone. We look forward to finding you a great residence.
Susan Reiter-Blogsouthflorida
December 3rd, 2008 at 10:06 am
[...] Beach. Buyers purchased condos for 80% of the asking price. As I have written in a previous posts detailing per square foot price, the per square foot prices in South Florida are also the lowest in Hollywood Hallandale. [...]