Miamism Blog

You are here

Bay Harbor Islands Housing Market Report for February 2013

Ines Hegedus-Garcia
ines@miamism.com

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


ines 13th March, 2013

Bay Harbor Islands Housing Market Report for February 2013 http://t.co/gnXd1XADEC

Recent Posts

Due to recent events involving a few minor car accidents in Miami, I decided to republish this article to lighten up the atmosphere (timeless piece, originally written on January 6, 2008). One of the main complaints we hear... more

There are currently 55 Surfside homes for sale: (compared to 51 in May) Highest priced listing:  $5,000,000 (1332 Biscaya Dr - see below) Lowest priced listing: $565,000 (9156 Harding Ave - see below) Pending Sales: 1(... more

  • Jul 12, 2017

If you are in the market to sell your Miami home, how do you interview Miami Realtors? What questions do you ask and ultimately, what’s the most important factor when choosing a Realtor? When we asked random people what... more

We all know Miami is a young city, a baby compared to many other United States cities.  But when you think of Miami's birth, Coral Gables always comes to mind and the man behind Coral Gables, George Merrick.   In the 1920's... more

What is the Value of my Home?

Obtain a free personalized home pricing report.