Sunny Isles Beach Luxury Condo Sales & Statistics
A lot is changing with our local market and since the last JADE update in 2012, the premier inventory escalates in value and new construction steps in with values beginning at $1,400 per square foot. Sunny Isles Beach condo inventory has increased to 614 total condos for sale and 214 closed sales in the last 90 days (~10 month supply).
Last year 367 Sunny Isles oceanfront condos over $500,000USD sold through our MLS database with an average selling price per square foot of $538. As of October 2013, 288 Sunny Isles Beach condos have sold with an average sale price per square foot at $610 SP$/SF. In a contrast comparison of luxury oceanfront condos specific to Collins Avenue and over $500k, we see 268 condos for sale with 265 closed sales this year averaging a sales price per square foot of $620 SP$/SF and selling at 94% of list price.
If we take the top 10 luxury condo sales this year, we find an average sales price per square foot of $1,125 (Up from $789 previous post or 30%) and an average asking price per square foot of $1,270 psf reflecting an averaged 11% discount for new buyers shopping in the Sunny Isles Beach luxury real estate market. The top 10 Sunny Isles Beach luxury condo sales from the last 90 days were found at JADE Ocean with 5 sales reflecting $1009, $1112, $1138, $1138 & $921 per square foot. other luxury sales within the top 10 came from Turnberry Ocean Colony ($901 psf), Trump Tower III ($956 psf), Acqualina ($1,126 & $1,824 psf) and Trump Palace ($1,286 psf).
What are the latest sales & the very best condo deals at JADE Ocean & JADE Beach Miami as of October 2013? With new projects and condo developments, Sunny Isles Beach condo inventory has increased 10% year to date while sale to list price ratios are averaging 96% and 108 days on the market for the prior month of September. More details pertaining to JADE Condos..
JADE Beach Condo Inventory, Sales & Rentals
(17001CollinsAvenue.com) There are a total of 15 (6% inventory) JADE Beach resales ranging in values from $929,000 (B1 Model) to TWO impressive 3-Story JADE Beach penthouse ‘Sky Lofts’ reduced and now priced at $9.595M & $8.7M with both interiors at 8,210 SF (Contact me for the Jade Beach I- Line Penthouse Floor Plans).
JADE Beach condos have been in demand given the most desirable location and lifestyle experience found only here. The average JADE Beach list price per square foot is reflecting $1,095 psf (Up 32% from 2012 Stats) with the 90 day average selling price per square foot reflecting $851 at 95 days on market and an 97% sale to list price ratio (3% average buyer discount). JADE Beach condo sales for the year 2013 reflect 16 resales from $720k (B1 Model at $835psf) to $7.450M (I Model penthouse at $907 per square foot) setting a record high in JADE Beach ‘sold’ values. This years average selling price per square foot reflects $869 at 129 days on market and an 94% sale to list price ratio (6% average buyer discount)
In October, there are 13 JADE Beach condos for rent ranging in asking prices from $4,500 (B2 model) to $20,000 (Jade Beach 4BR, E Model). Year to date, 16 Jade Beach condos have rented, ranging in rented values from $3,200 (B1 Model) to $11,500 (Furnished E Model).
JADE Ocean Condo Inventory, Sales & Rentals
(17121CollinsAvenue.com) JADE Ocean stands among the elite luxury condo towers of Sunny Isles Beach with a great demand in ownership. JADE Ocean has 9 condo resales today with the high prices on two spectacular 2-Story Jade Ocean Penthouse “sky lofts” listed $9.450M & $9.350M with 5 Bedrooms and over 6,500 square feet. There are only 2 mirrored image Sky Lofts per Model in each JADE building and few other penthouses comparable in Sunny Isles Beach. The lowest priced resales today begin with a B-2 model priced from $1.350M. JADE Ocean’s average asking price per square foot is at $1,443 ($1,120 psf 2012 Stats) and today’s buyers are finding the D & E Models most attractive with very limited inventory setting new record highs at $2.9M. Year to date, 15 sales have occurred from $885k to $2.9M. Unit #3404 sold at $2.2M in August setting a new record high at $1,138 per square foot for JADE Ocean. Selling price per square foot averages at JADE Ocean reflecting $1,009 while selling at 94% of list after only 95 days on market.
There are 14 JADE Ocean rentals listed in October and the prices are ranging from $3,900 (B1 Model) to $15,900 for a furnished (E Model) 4 bedroom. Year to date, there have been 11 rented condos ranging in values from $3,000 (B1 model) to an E Model which rented at $16,000.
JADE Ocean & JADE Beach interior differences are not so significant other than kitchen counter finishes (Granite vs. Quartz) along with the amount of glass encompassing the walls throughout. Other amenity differences are shown through photos & videos here. New sales statistics show us the latest in sales, facts & trends so stay tuned to this JADE Blog and authority site. While some prefer JADE Beach as a place to call home, JADE Ocean condos have always sold on a significantly higher price point offering clear advantages in amenities & South Florida lifestyle. Sunny Isles Beach oceanfront market values are noting considerable price gains from the last few years.
JADE Signature Condo … coming soon.
(16901 Collins Avenue) JADE Signature is on its way in making History for luxury + function. The concerns that owners addressed between Jade Beach & Jade Ocean have now been addressed at Jade Signature with incredible floor plans & outdoor living environments to long for. Construction is ongoing with groundbreaking commenced and the crew working full force in the progress of the final addition to the JADE Sunny Isles Condo Trio.
More to come soon but today’s prices are over $1,400 per square foot with a graduated scale on increases this year as sales continue.. to reserve a condo at JADE Signature call me today for the very best in pricing. 1.888.383.7326 to inquire on Jade Signature Condos for Sale.
Ready to Sell or Lease Your Property at JADE
In Miami, your results are heavily dependent on the broker, agent or Realtor® whom you choose to expose your luxury property. When hiring someone to sell or lease your JADE condo, look for strong global marketing with local market knowledge and a proven track record with luxury condos along Sunny Isles Beach. I’m available to market globally right here on the JADE website & blog plus my many other websites such as MiamiDreamRealty.com. For further details on a superior marketing plan and efficient results whether selling or leasing your oceanfront condo reach out to me today and let’s get started.
In 2010, I released a new addition to the Sunny Isles Beach condo collection with TurnberryOceanColonySunnyIsles.com website to replicate the success I’ve had with the JADECondosSunnyIsles.com authority website. Price points at Turnberry Ocean Colony dropped approximately 20% in 2009 alone and showed us sales as low as $1M in 2009 while sale prices today have increased ~100% and noting the market turnaround. Here you’ll also find new updates, videos & detailed statistics at the Turnberry Ocean Colony blog.
The original MiamiDreamRealty.com is a top performer showcasing the entire luxury Southeast Florida MLS listing database (500+ customers daily) while the JADE Ocean, JADE Beach & Turnberry Ocean Colony MLS database access contains very accurate condo listings for anyone looking to buy or rent. Leave a comment and let me know your thoughts regarding JADE Beach & JADE Ocean Sunny Isles or any other luxury condo tower along the Miami Dade County coastline.