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Bay Harbor Islands Housing Market Report for February 2013

By: Ines Hegedus-Garcia on March 13, 2013

Bay Harbor Islands Real Estate Market Report

There are currently 11 Bay Harbor Island Homes for sale: (1 less than last month)

  • Highest priced listings is for $4,700,000 (9530 W Broadview Dr)
  • Lowest priced listing is $720,000 (1260 96 St)
  • Pending Sales (properties under contract): 3 (2 more than last month)
  • Closed sales in February: 1 (same as last month)

The sold Bay Harbor Island home in February was located on the east island (North of Kane Concourse).  This is mainly a multi-family area with condos.  The home was zoned multi-family and according to the MLS description was 2 homes in one corner lot each with 2 bedrooms and 2 bathrooms plus a den.  The property was listed for $975,000 and sold for $900,000.

I can honestly say that although it is listed as a “home” sale, it really is not a real comp for the West Island side of Bay Harbor Islands that only has single-family homes.

There were 9 Bay Harbor Island Homes sold in 2012 with a median sales price of $1,125,000 and average price per square foot of  $366. Bay Harbor Island’s sales have been slow and in-between, but it only strengthens the fact that the area is desirable and little for sale inventory is always good.

Click here to search for Bay Harbor Islands homes for sale

Do you want to buy or sell your Miami Condo or Home? Contact Ines Hegedus-Garcia for Team Miamism. We pride ourselves in top customer service and have become a go-to source for the media when it comes to Miami and Miami Beach real estate market knowledge. And we answer our phone!

Call Ines: 305-206-9366

Email: info@miamism.com

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