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Jade Sunny Isles Beach Condos | Sales and Statistics May 2018

Jade Signature Sunny Isles Beach

Jade Sunny Isles Beach Condos | Sales & Statistics for May 2018

Sunny Isles Beach Sales & Statistics

Sunny Isles Beach condo inventory today reflects 1,455 ⬆ total condos for sale and 153 closed sales in the last 90 days with a median sale price value of $323 per square foot. Overall, condo prices have declined in our local market as we find in the most recent Sunny Isles Condo IndexOceanfront residential market values noticed considerable price gains over the eight years spanning from 2009 to 2016. Now in 2018, we find ample supply with limited demand in this strong buyer’s market.

Not just new development but also Sunny Isles Beach condo inventory has been on the rise, especially within the ultra high-end segment. In addition to the residential condo market shifting since 2016 in favor of buyers, we’ve also noted the gorgeous new construction on the South side with JADE Signature development and on the North side with MUSE. New construction has taken over Collins Avenue with oceanfront resale values beginning at $688 and as high as $4,155 per square foot.

Last year, 183 Sunny Isles oceanfront condos sold (over $500,000) with an average sale price per square foot of $706 and at 91 percent of list price. As of May 2018, there have been 79 Sunny Isles Beach condos sold (over $500,000) with an average sale price per square foot at $647 SP$/PSF or an ~8% depreciation. Of those 79 sales, it has taken the average seller 193 days to sell. In a similar comparison of luxury oceanfront condos on Collins Avenue and priced over $1M, we see 538 condos for sale today averaging $1,084 per square foot with an average list price of $3.478M.

Values will climb again with time, but for now, the market is in strong favor of the buyer. Reviewing The Top 10 luxury condos sold within the last 90 days, we find an average Sold price per square foot of $887 and an average asking price per square foot of $1,001 PSF.

‘The Top 10’ Sunny Isles Beach Luxury Condo Sales

JADE Beach Condo Inventory, Sales & Rentals

Jade Beach EntryJADE Beach (17001 Collins Avenue) has an ongoing construction issue as concrete restoration resumes to the East side of the building later this year with an anticipated timeline of approximately another year to complete. With this Jade Beach restoration, we’ve experienced ongoing construction debris & noise nuisances which have impacted values both for rent and resale. The major short-term concerns are the East side terraces and swimming pool being completely closed off with a blue translucent film covering the glass and limiting the ocean views. The Westside is to soon be reopened with the small pool and west side terraces available again for use. This is putting a major damper on renting as tenants simply don’t have the mental capacity to deal with concrete restoration, limited views and the inability to use the terrace and pool. It will be interesting to see rental & resale values this year as amazing value is being noted for the rentals and sales already noted. While short-term concerns have some alarmed, savvy buyers with a long-term outlook see past the noise and towards the future upside of Jade Beach and Sunny Isles Beach.

Jade Beach today has 38 resales (15% inventory) available today ranging from $799,999 (B1 Model) to $8.199M for a ‘Sky Villa’ (Two D2 models combined). The most beautiful 3-Story ‘Sky Loft Penthouses’ both sold in 2015. Jade Beach condos offer the most desirable Collins Avenue location plus excellent value when seeking the oceanfront lifestyle experienced only in Miami.

Jade Beach Condos for Sale | Condos for Rent

  • The average JADE Beach list price per square foot reflects $1,016.
  • There are 39 resales from $799,999 (B1 Model) to $8.199M (Combined D2 Models).
  • JADE Beach condos sold in 2018 reflect 6 sales at a median sale price value of $792 PSF and 178 days on market.
  • The median selling price per square foot in 2017 (7 total sales) was $877 at 243 days on market.
  • The median selling price per square foot in 2016 (8 total sales) was $1,010 at 219 days on market.
  • The record high sale price value this year is $1,002, last year at $1,014 PSF and $1,129 PSF in 2016, $1,378 PSF in 2015, and $1,190 PSF in 2014.

As of May 2018, there are 25 JADE Beach condos for rent ranging in asking prices from $3,150 (B1 model) to $20,000 (E Model). This year, 8 Jade Beach condos have rented, ranging in values from $3,000 (B1 Model) to $12,000 (E Model).

JADE Ocean Condo Inventory, Sales & Rentals

Jade Ocean Sunny Isles Beach MiamiJADE Ocean (17121 Collins Avenue) stands among the elite luxury condo towers of Sunny Isles Beach. JADE Ocean has 41 (16% inventory) condo resales available today with a few extraordinary penthouses and “Sky Lofts” listed from PH4405 listed at $4.290M to PH4608 listed at $7.990M.  Interiors on these JADE Penthouse condos range from 4 to 6 Bedrooms and from 4,300 to over 6,500 square feet. There are only 2 mirrored image ‘Sky Lofts’ (per Model) in each JADE Condo building, and only a few penthouses can compare along Sunny Isles Beach. Today’s resale prices at Jade Ocean begin with 1 bedroom condos (B1&B2 floor plans) from $885,000 to $1.375M respectively.

While some prefer JADE Beach as a place to call home, JADE Ocean condos have consistently sold (& leased) at a higher price point offering clear advantages to many.

Jade Ocean Condos for Sale | Condos for Rent

  • The average JADE Ocean list price per square foot is $1,180.
  • There are 41 resales from $885,000 (B1 Model) to $7.990M (Penthouse #4608).
  • So far this year, 2 sales occurred from $1.425M to $1.750M (C & A Models).
  • JADE Ocean had 11 condo sales last year at a median sale price per square foot of $991 PSF (9% depreciation YOY) averaging 216 days on market.
  • The median sold price per square foot in 2016 was $1,087 at 137 days on market.
  • The record high sale price value is $958 psf in 2018, $1,169 PSF in 2017,  $1,267 PSF in 2016, $1,513 PSF in 2015, and $1,397 PSF in 2014.

There are 26 JADE Ocean rentals listed in May 2018 with prices ranging from $3,850 for a furnished B1 Model to $25,000 for a glamorous 2-Story furnished D2 Model. This year 4 condos have rented ranging in values from $3,700 (furnished B1 model) to $6,700 (furnished C Model).

JADE Signature Condo

Jade Signature Sunny Isles Beach MiamiJADE Signature (16901 Collins Avenue) is ready and complete now in early 2018 and I’m super excited for this great new addition in Sunny Isles Beach. Jade Signature offers incredible floor plans and desirable open outdoor living environments. With the details, completion, and closings now behind us, there are MANY listed as resale. In all honesty, the discounts and new deals will begin to show within a few months as speculators learn true market values here in 2018.

Just like Porsche Design Tower, Jade Signature will soon begin to show awesome value. Why? A healthy building is considered less than 10%. Today Jade Signature has 59 units or 31% available with many owners soon becoming landlords. My information is not always easy to digest but most importantly, I am honest and given my analytical approach, ‘usually’ accurate. I went through the ‘bust’ of 2006-2009 successfully assisting many pre-construction buyer/speculators to make the right move.

Jade Signature Condos are quite spacious and I am extremely bullish on the long-term success and future demand. The developer and pre-construction specialists who sold this beautiful development are celebrating. So now… its time to deliver on their promises. You may contact me here to discuss an optimal strategy whether selling or leasing but in order of a successful outcome as a new owner:

  1. Enjoy the condo, it is beautiful!
  2. Finish the interior, rent the condo, and ride out this strong buyer’s market. Your losses will likely have tax advantages.
  3. Try to be the best-priced unit in your tier as the 2018 condo market dictates true market values – any loss will hopefully be offset by currency conversion.

“We sold $51 million worth of units in the first quarter. The building, which launched sales in 2013, is “95% or 96% sold out.” – Carlos Defortuna

Jade Signature Condos for Sale | Condos for Rent

  • Today’s new pricing has a median list price per square foot of $1,546.
  • My forecast for upcoming 2018 resales: approximately $1,200.

Jade Signature Rentals consist of just 7 options ranging in values from $8,000 (1 bedroom) to $24,500 for a 5 bedroom.

Contact me here to discuss strategy whether buying, selling, or leasing.

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Luxury CondosUnique Penthouses, & Waterfront Homes

Jade Signature Condos Sunny Isles

Whether you’re seeking the best new construction, a super Miami Beach penthouse, a sensational waterfront estate, off-market & investment opportunities, vacant land for development, bulk condo sales, or relocation assistance for your family & team, I’ll have it customized and ready for you. Contact me here and let’s discuss your ideas and a strategy here in South Florida!

Stop Searching. Start Living. Let’s talk, toll-free at #888.38.DREAM or contact me here for a bullseye property list of exceptional residential opportunities matching your families wants & needs. Be sure to join the VIP group for monthly market insights and new coastal properties direct to your inbox – covering South BeachMiami BeachSunny Isles BeachAventuraBal HarbourBay Harbor IslandsSurfsideNorth Bay VillageHollywoodBrickellDowntownWynwood-Edgewater-MidtownKey BiscayneCoconut GroveCoral Gables, Bay Harbour Islandsand coastal Fort Lauderdale (East of US1).

I’m connected with the world’s best luxury real estate brand and a vast global network of friends & colleagues who offer a bespoke experience wherever you are in the world. Locally, I offer the very best in real estate knowledge and client services as a master broker-associate with the leading firm, ONE Sotheby’s International RealtyWhy Sotheby’s? Because of the brand heritage, prestige, their propensity for perfection, and quite simply, the immense global reach in curating luxury goods and real estate. Since 2002, I’ve been active in the South Florida residential market with knowledge, experience, and white-glove service that rarely disappoints.

The Miami Beach Real Estate Blog is an excellent resource for Southeast Florida residential real estate data, trends, and property information. I’ll soon be researching South Florida’s population influx along with pre-construction profits vs. loss so check back soon to find out about South Florida’s anticipated growth and how preconstruction buyers are doing with their intent to flip their ‘investments’ for a profit.🤔

  1. MiamiDreamRealty.com
  2. MiamiPenthousesandEstates.com
  3. FortLauderdalePenthousesandEstates.com
  4. Coleman.Properties
  5. ONE Sotheby’s International Realty & Ashton Coleman
  6. Jade Beach, Jade Ocean & Jade Signature Condos

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JADE Beach | JADE Ocean | JADE Signature Condo Sales, Statistics & Inventory for April 2014

Sunny Isles Beach Luxury Condo Sales & Statistics

Prices are still increasing in our local market. Since the last JADE update in January, we find premier inventory escalating in value and new construction stepping in with values beginning at $1,400 – $2,000+ per square foot. Sunny Isles Beach condo inventory has increased to 801 total condos for sale and 196 closed sales in the last 90 days.

Last year 387 Sunny Isles oceanfront condos over $500,000 USD sold through our MLS database with an average selling price per square foot of $617. As of April 2014, 104 Sunny Isles Beach condos have sold with an average sale price per square foot at $667 SP$/SF. In a contrast comparison of luxury oceanfront condos specific to Collins Avenue and over $1M, we see 259 condos for sale with 57 closed sales this year averaging a sales price per square foot of $787 SP$/SF and selling at 94% of list price.

If we take the top 10 luxury condo sales from the last 90 days, we find an average sales price per square foot of $1,055 (6% appreciation from $996 previous post) and an average asking price per square foot of $1,146 psf reflecting an averaged 8% discount for new buyers shopping in the Sunny Isles Beach luxury real estate market. These top 10 Sunny Isles Beach luxury condo sales were found at JADE Ocean with 2 sales reflecting $1,288 and $1,085 per square foot. Other luxury sales came from JADE Beach with 1 Sale reflecting $1,190 PSF. Turnberry Ocean Colony with 4 sales at $1,221, $1,004,$950 & $1,024 PSF. Acqualina ($1,057 psf), Trump Palace ($986 psf) and lastly, Oceania V selling a trophy penthouse at $749 per square foot. Sunny Isles Beach oceanfront real estate market values are noting considerable price gains over these last 3 years.

What are the latest sales & the very best condo deals at JADE Ocean & JADE Beach Miami as of April? With new projects, preconstruction and condo developments, Sunny Isles Beach condo inventory is increasing while sale to list price ratios are averaging 95% and 221 days on the market for the prior month of March. JADE Condos specifics..

JADE Beach Condo Inventory, Sales & Rentals

(17001CollinsAvenue.com) There are a total of 23 (9% inventory) JADE Beach resales ranging in values from $850,000 (B1 Model) to TWO impressive 3-Story JADE Beach penthouse ‘Sky Lofts’ now repriced at $9.595M & $8.7M. Each interior is over 8,200 SF (contact me for the floor plans).

JADE Beach condos have been in demand given the most desirable location and lifestyle experience. The average JADE Beach list price per square foot is reflecting $1,196 psf (Up 8% from January Stats) with the 90 day average selling price per square foot reflecting $1,015 at 144 days on market and an 93% sale to list price ratio (7% average buyer discount). JADE Beach condo sales for the year 2013 reflect 24 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 ‘sale price’ values. Last years average selling price per square foot reflects $902 at 121 days on market and an 93% sale to list price ratio (7% average buyer discount).

In April, there are 18 JADE Beach condos for rent ranging in asking prices from $4,500 (B2 model) to $50,000 (Jade Beach 4BR, E Model). Last year, 22 Jade Beach condos 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 26 condo resales today with the high prices on FOUR spectacular 2-Story Jade Ocean Trophy properties and “sky lofts” listed from $6.975 to $8.790M with 4-5 Bedrooms and from 4300+ to over 6,500+ square feet. There are only 2 mirrored image ‘Sky Loft’ units per Model in each JADE building and few other penthouses quite comparable in Sunny Isles Beach. The lowest priced resales today begin with a B1 model priced from $1.049M. JADE Ocean’s average asking price per square foot is at $1,477 ($1,482 psf January Stats) and today’s buyers are finding the larger model floor plans most attractive with very limited inventory setting new record highs at $3.4M for the E Model. This year, only 2 sales have occurred from $3.2M (E model) to $7.070M (Jade Ocean Penthouse). Unit #3601 sold in December at $3.4M setting a new record high at $1,200+ per square foot for JADE Ocean. 2013 Selling price per square foot averaged $1,018 while selling at 93% of list and 136 days on market.

There are 10 JADE Ocean rentals listed in April with prices ranging from $5,000 (B1 Model) to $14,500 for a furnished (D Model) 3 bedroom. This year 4 condos have rented ranging in values from $4,700 (B1 model) to a C Model which rented at $7,500 furnished.

JADE Ocean & JADE Beach interior differences are not so significant other than kitchen counter finishes (Granite vs. Quartz), slightly better floor plans along with the amount of glass encompassing the walls throughout. Other amenity differences are shown through photos & videos here. 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 to some in amenities & lifestyle.

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 $1,437 per square foot with a graduated scale on increases this year as sales continue.. so far, all 1 bedrooms have completely sold while only 2 2 bedrooms remain available. To buy a condo today at JADE Signature, call me for available pricing. 1.888.383.7326 or inquire here Jade Signature Condos for Sale.

New 2014 statistics show us the latest in sales, facts & trends so stay tuned to this JADE Blog and authority site.

Ready to Sell or Lease Your Property at JADE

In Miami, your results are heavily dependent on the broker or Realtor® that you choose to market and sell your luxury condo. When hiring someone to sell or lease your JADE condo, look for strong global marketing with local market knowledge and a proven track record along Sunny Isles Beach. I’m available to market globally right here on the JADE website & blog plus my many other websites such as the MiamiBeachRealEstateBlog.usMiamiDreamRealty.com and the new MiamiPenthousesandEstates.com. For further details on a superior marketing strategy and efficient results whether selling or leasing your oceanfront condo reach out to me today and let’s begin.

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 an exceptional market turnaround. Here you’ll also find new updates, videos & detailed statistics at the Turnberry Ocean Colony blog.

The original MiamiDreamRealty.com is a major performer showcasing the entire luxury Southeast Florida MLS listing database and over 220 Miami condo buildings (500+ customers daily) while the JADE Ocean, JADE Beach & Turnberry Ocean Colony MLS database access contains very accurate JADE Condo listings for anyone looking to buy or rent. Leave a comment and let me know your thoughts regarding JADE Beach, JADE Ocean & JADE Signature Sunny Isles or any other luxury condo tower along the Miami Beach coastline.

 

Jade Signature Living Rendering

If you would like to discuss Miami real estate, please contact my office at 786.27.DREAM or toll free at 888.38.DREAM to make an appointment. I’m a Miami area real estate specialist.  Since 2002, I have sold & serviced Sunny Isles Beach to South Beach along with Aventura to Coral Gables.  If you would like to schedule a meeting with me, please feel free to call me directly at (305) 978-7704 or send me a note here.

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