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Nov
24

Bal Harbor Real Estate Market Report for October 2014

By: Ines Hegedus-Garcia on November 24, 2014

Bal Harbor Real Estate Market Report

Bal Harbor, Fl - Real Estate Market Reports by Miamism.com

There are currently 175  Bal Harbor condos for sale:

  • Highest priced listing: One Bal Harbour Penthouse (PH2604) for $27 Million  – 5 bedrooms / 5.5 bathrooms and 7,779 sq. ft. of living space
  • Lowest priced listing: Harbour House Cabana for $85,000 (only available to Harbour House residents).
  • Next Lowest priced listing:  Short Sale at Carlton Terrace Condo 9G for $193,000
  • Pending Sales: 29
  • Closed sales in October: 12

The 12 Bal Harbor Condos sold in October were the following:

  • One Harbour Way Co-op #206 – listed for $325,000 in August and selling for $300,000 ($244/sq.ft.)
  • Harbour House Condo #1125 – listed for $449,900 in September and selling for $450,000 ($502/sq.ft.)
  • Harbour House Condo #715 – originally listed for $510,000 in November of 2013, with several price reductions and selling for $450,000 ($502/sq.ft.)
  • The Plaza of Bal Harbour Condo #1011 – listed for $489,000 in August and selling for $465,000 ($355/sq.ft.)
  • Harbour House Condo #1417 – listed for $639,900 in May of 2014, with one pending contract that apparently fell through and finally selling at $570,000 ($540/sq.ft.)
  • Balmoral Condo #14N – listed for $780,000 in July and selling for $700,000 ($504/sq.ft.)
  • One Bal Harbour Resort & Spa #317 – listed for $890,000 in July and selling for $800,000 ($697/sq.ft.)
  • Balmoral Condo #8U – listed for $955,000 in August and selling for $905,000 ($536/sq.ft.)
  • Balmoral Condo #20W – listed for $1,079,000 in May and selling for $940,000 ($557/sq.ft.)
  • Balmoral Condo #17S -  listed for $1,150,000 in July and selling for $1,100,000 ($556/sq.ft.)
  • St. Regis Bal Harbour #805N – listed for $3.25 Million and selling for $2.8 Million ($1,751/sq.ft.)

Bal Harbor is one of those cities where general price per square foot stats do not work and would be a total injustice for both buyer and sellers.  Just look at the huge discrepancy per square foot between sales at The St. Regis and One Harbour Way (difference of $1,507 per square foot).

We recommend that you look at comps in the same building and go back as far as 6 months to be able to get an idea of the trends in each building.  The winner in October sales was Balmoral with 4 sales and averaging $538/sq.ft.  The runner-up was Harbour House with 3 sales averaging $515/sq.ft.

Remember that height of residence (which floor), views and condition will make a difference with comparables.

Oceana Bal Harbour is currently in preconstruction and you can already see a lot of movement with the actual construction with expected completion date of 2016.

We are Bal Harbor REALTORS, ready to list and market your property! Call us for a listing appointment.

We are now also providing these quick services to help with your real estate needs – your email address will be necessary to get the reports. And always keep in mind that these are automated and should only give you a ballpark figure.

CHECK YOUR CURRENT HOME VALUE

To sell or buy your Bal Harbor home or condo, please contact us at BalHarbor@miamism.com

Nov
19

Paramount Bay Condos – Market Report for October 2014

By: Ines Hegedus-Garcia on November 19, 2014

paramount bay condos by miamism.com

Paramount Bay Condos Real Estate Market Report

There are currently 32 Paramount Bay Condos for sale: (1 less than last month)

  • Highest priced listing is unit PH4602 $4,899,000 (4 bedroom / 4.5 bathroom Artefacto premier designer unit)
  • Lowest priced listing is unit 1708 for $700,000 (1 bedroom / 2 bathrooms)
  • Pending Sales (properties under contract): 4 (3 less than last month)
  • Closed sales in October: 3 (compared to 4 in September)

The Paramount Bay Condos sold in October 2014 were the following:

  • 2202 – 3 bedrooms / 3 bathrooms – listed for $1.8 M and selling for $1.95 Million ($886/sq.ft.)
  • 501 – 2 bedrooms / 2.5 bathrooms -  originally listed for $1,190,000 in February of 2014, with several price reductions and finally selling for $970,000 ($611/sq.ft.)
  • 2109 – 2 bedrooms / 2 bathrooms -  originally listed for $795,000 in March of 2014, reduced twice and finally selling for $646,000 ($573/sq.ft.)

The average price per square foot in October was $690, compared to September’s average of $609 and 2013′s average of $596.  We are seeing a huge discrepancy in pricing at Paramount Bay and it has to do not only with buyer’s motivation, but upgrades and condition of units.  Buyer’s are making a differentiation between developer finishes and remodeled units with high-end materials.  There are also furnished units in the equation which throw the numbers off a bit.  Pay attention to the appreciation in this building – it’s the clear choice for ready-to-move in Edgewater instead of buying pre-construction like in The Paraiso complex. (great options now at Paraiso Bay Views – contact us for more info)

PLEASE CALL US FOR A LISTING PRESENTATION

The Miamism Sales Team specializes in Paramount Bay and can represent you in the sale or purchase of a condo.  Please contact us ParamountBay@Miamism.com.  We prepare monthly market reports to keep you informed of sales stats at Paramount Bay.

We are now also providing these quick services to help with your real estate needs:

CHECK YOUR CURRENT HOME VALUE

For more information about this Miami condo building, take a look at  Paramount Bay Condos written after my visit in September of 2012.  You can also visit www.Paramount-Bay-Condos.com to go straight to source of information.

Condo Name:  Paramount Bay
Architecture:  Arquitectonica
Interior Design:  Lenny Kravitz
Location:  2020 N Bayshore Dr – Miami, FL 33137
Contact:  paramountbay@miamism.com

Nov
17

Paraiso Condo Complex Miami

By: Ines Hegedus-Garcia on November 17, 2014

Paraiso CONDO COMPLEX

The New Paraiso Condo Complex in trendy Edgewater Miami is now in pre-construction and is comprised of 4 towers.  Here’s the master plan to make it easier to understand.

Paraiso Bay Miami - Master Plan

Paraíso is a Master-Planned Community by The RELATED GROUP (The largest private condo developer in the world), consisting of 10 acres with 1000 linear feet of waterfront along Biscayne Bay in the trendy neighborhood of East Edgewater.

The 4 towers were designed by Arquitectonica with interiors by renowned designers.  The concept of the project is to “Reconnect with Nature” – a balance of relaxation and adventure as well as fun in the sun.  The complex offers exquisitely designed private residences as well as an unparalleled array of exclusive amenities and services.

Located in Edgewater, Miami’s hottest new neighborhood, within reach of the nearby hip Wynwood Arts District, thriving Midtown, the evolving Design District, and the downtown arts and entertainment district.

PARAISO master-planned community

For more information on each of the condos within Paraiso, click on each link below:

ONE Paraiso

Paraiso Bay – Tower 1 and Tower 2

Paraiso Bayviews

You can also email us at Paraiso@miamism.com for more information or call us – someone in the Miamism Sales Team is always ready to help.

Paraiso Miami by miamism.com

** 9/17/2014**

Nov
15

Mojito Review – The Biltmore Hotel, Coral Gables

By: Ines Hegedus-Garcia on November 15, 2014

Video filming credit:  YPN Miami leader and colleague,  Alberto Carrillo from Keyes.

Miamism Mojito Scale - 5 out of 5

Mojito Review

The Biltmore Hotel
1200 Anastasia Avenue
Coral Gables, FL 33134
(855) 454-0196

www.biltmorehotel.com

Nov
13

Surfside Real Estate Market Report for October 2014

By: Ines Hegedus-Garcia on November 13, 2014

Surfside Real Estate Market Report

Surfside real estate market 2012

There are currently  19  Surfside homes for sale: (2 less than last month)

  • Highest priced listing: $6,900,000 (waterfront contemporary estate at 1236 Biscaya Dr)
  • Lowest priced listing: $469,000 for a 3 bedroom / 2 bathroom home at 8753 Abbott Ave.
  • Pending Sales: 8 (1 less than last month)
  • Closed sales in October: 6 (same as last month)

The 6 Surfside homes sold in October were the following:

  • 8900 Abbott Av – originally listed in July 2014 for $599,000 and selling for $540,000 ($311/sq.ft.)
  • 9348 Abbott Av – originally listed in June 2014 for $590,000 and selling for $560,000 ($279/sq.ft.)
  • 908 Surfside Bl – originally listed in April 2014 for $505,000 and selling for $460,000 ($321/sq.ft.)
  • 8712 Byron Av – originally listed in April 2014 for $439,000 then increased to $499,000 and sold for $325,000 ($191/sq.ft.)
  • 9273 Emerson Av – short sale originally listed in July 2014 for $475,000 and selling above listing for $500,000 ($214/sq.ft.)
  • 9040 Abbott Av – foreclosure with a couple of fallen contracts, originally listed for $510,000 and selling for $455,919 ($258/sq.ft.)

The average selling price per square foot for Surfside homes in October came in low at $262 because of 2 distressed sales.  Although the distressed inventory is non-existent, there are always some stragglers that end up skewing the numbers.  The average selling price in September was $300, in August was $328 but the year to date average is $305 compared to 2013′s average of $270.

Although I like to provide monthly stats, the logical numbers come in when you use stats that go back 6 months to 1 year.  The inventory in Surfside continues to be low with high demand, in addition to hot condo projects like Fendi Chateau and The Four Seasons by Richard Meier.

We are Surfside REALTORS, ready to list and market your property! Call us for a listing appointment.

We are now also providing these quick services to help with your real estate needs – your email address will be necessary to get the reports. And always keep in mind that these are automated and should only give you a ballpark figure.

CHECK YOUR CURRENT HOME VALUE

To sell or buy your Surfside home, please contact us at Surfside@miamism.com

COMING SOON!!  Take a look at this gorgeous Surfside corner home with 3 bedrooms + den, 3 bathrooms, marble floors, impact windows, new roof and plenty of room for pool.  It will be priced at $740,000 – call us for more information.

Surfside Home for Sale - Coming Soon!