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Jade Sunny Isles Beach Condos | Sales and Statistics February 2018

Jade Condos Sunny Isles

Jade Sunny Isles Beach Condos | Sales & Statistics February 2018

Sunny Isles Beach Sales & Statistics

Sunny Isles Beach condo inventory today reflects 1,437 ⬆ total condos for sale and 113 closed sales in the last 90 days with a median sale price value of $335 per square foot. Overall, condo prices have declined in our local market as we find in the most recent Sunny Isles Condo IndexOceanfront real estate values noticed considerable price gains over the eight years spanning from 2009 to 2016 and now in 2018, we find ample supply with limited demand in this strong a strong buyer’s market.

In addition to the residential condo market shifting since 2016 in favor of buyers, we also note the new construction on the South side of Jade Beach with Jade Signature development and on the North side of Jade Ocean with MUSE. With concrete restoration and building maintenance at both Jade Beach & Ocean Towers, we’ve experienced the ongoing construction debris and noise nuisances for a few years now which have temporarily impacted values both for rent and resale. While short-term concerns have some alarmed, savvy buyers with a long-term outlook see past the noise and towards the future of Sunny Isles Beach.

Not just development but also Sunny Isles Beach condo inventory has been on the rise, especially within the ultra high-end segment. New construction has taken over Collins Avenue with oceanfront resale values beginning at $853 and as high as $3,827 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 FEB 2018, 16 Sunny Isles Beach condos have sold (over $500,000) with an average sale price per square foot at $722 SP$/PSF ~ 2.3% appreciation. Of those 16 sales, it has taken the average seller 230 days to sell.

In a similar comparison of luxury oceanfront condos on Collins Avenue and priced over $1M, we see 514 condos for sale today averaging $1,029 per square foot with an average list price of $3.273M. Values will climb again with time, but for now, the market is strongly in 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 just $805 and an average asking price per square foot of $909 PSF.

‘The Top 10’ Sunny Isles Beach Luxury Condo Sales

JADE Beach Condo Inventory, Sales & Rentals

Jade Beach Sunny Isles Beach MiamiJADE Beach (17001 Collins Avenue) has an ongoing construction issue as concrete restoration resumes to the East side of the building early this year with an anticipated timeline of approximately a full year to complete. The major (short-term) concern is the East side terraces and swimming pool will be 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 quite interesting to see rental & resale values this year.

Jade Beach today has 35 resales (14% inventory) available today ranging from $805,000 (B1 Model) to $8.2M for a ‘Sky Villa’ (Two D2 models combined). The famous 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 $1,046 ($1,211 PSF in AUG 2016).
  • There are 35 resales from $805,000 (B1 Model) to $8.199M (Combined D2 Models).
  • JADE Beach condos sold in 2017 reflect 7 sales at a median sale price value of $877 PSF and 283 days on market.
  • The median selling price per square foot in 2016 was $950 at 241 days on market.
  • The record high sale price value last year was $1,014 PSF and $1,055 PSF in 2016, $1,378 PSF in 2015, and $1,190 PSF in 2014.

As of FEB 2018, there are 32 JADE Beach condos for rent ranging in asking prices from $3,500 (B1 model) to $20,000 (E Model). Last year, 18 Jade Beach condos rented, ranging in values from $2,700 (B1 Model) to $14,000 (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 46 (18% inventory) condo resales available today with a few extraordinary penthouses and “Sky Lofts” listed from PH4405 listed at $4.290M to PH4608 listed at $8.375M.  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 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 $1,178 ($1,275 PSF in AUG 2016).
  • There are 46 resales from $885,000 (B1 Model) to $8.375M (Penthouse #4608).
  • In the last 90 days, 2 sales occurred from $1.425M to $2.250M (C & E 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 was $1,169 PSF in 2017,  $1,267 PSF in 2016, $1,513 PSF in 2015, and $1,397 PSF in 2014.

There are 21 JADE Ocean rentals listed in FEB 2018 with prices ranging from $3,850 for a furnished B1 Model to $32,000 for a 2-Story furnished D2 Model. Last year 29 condos rented ranging in values from $3,500 (furnished B1 model) to $11,500 (furnished A Model).

JADE Signature Condo

Jade Signature Sunny Isles Beach MiamiJADE Signature (16901 Collins Avenue) is ready and complete now in early 2018 and I am quite excited for this great new development in Sunny Isles Beach. Jade Signature offers incredible floor plans and desirable open outdoor living environments. With the crews working full force on completion, I’ve been watching over the last 90 days as the film was removed from the glass and the landscaping installed. Jade Signature is very special!

In all honesty, the discounts and deals will begin to show within a few months upon closing as initial resales become available and speculators learn true market value. Porsche Design Tower had 40 PERCENT as resale available and guess how many sold last year? THREE.

Jade Signature Condos are quite spacious and I am bullish on the long-term success and future demand. Feel free to contact me to discuss strategy but in summary, and in order of a successful outcome as a new owner is to:

  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.

The developer and pre-construction specialists who sold the tower are beginning to celebrate. So now… its time to deliver on promises.

“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

  • Today’s prices have a median list price per square foot of $1,689.
  • My forecast for upcoming 2018 resales: approximately $1,200.

My information is not always easy to digest but most importantly, I am honest and accurate. Contact me here to discuss strategy whether buying, selling, or leasing.

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Luxury CondosUnique Penthouses, & Waterfront Homes

Whether you’re seeking a stunning Miami Beach penthousethe ultimate waterfront estate, land for development, off-market & investment opportunities, new construction, bulk condo sales, or relocation assistance, I’ll have it customized and ready for you. Over 16 Years Experience – I’m a South Florida real estate broker-associate with the leading firm, ONE Sotheby’s International RealtyWhy Sotheby’s? Because of the brand heritage, prestige, vast global reach in curating luxury goods including premier real estate, and their propensity for perfection. Since 2002, I’ve been active in the South Florida residential & commercial markets with experience and white-glove service that rarely disappoints.

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JADE Beach, JADE Ocean, JADE Signature Condo Sales, Statistics, Inventory | June 2014

JADE Beach, JADE Ocean, JADE Signature

Sunny Isles Beach Luxury Condo Sales & Statistics

Prices are still increasing in our local market. Since the last JADE update in April, we find select inventory appreciating 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 822 total condos for sale and 213 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 June 2014, 373 Sunny Isles Beach condos have sold with an average sale price per square foot at $415 SP$/PSF.

In a contrast comparison of luxury oceanfront condos on Collins Avenue and priced over $1M, we see 261 condos for sale with 80 closed sales this year averaging a sales price per square foot of $778 SP$/SF and selling at 93% 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 $993 (6% down from $1,055 previous post) and an average asking price per square foot of $1,088 psf reflecting an average 9% discount for new buyers shopping for luxury real estate in Sunny Isles Beach. These Top 10 Sunny Isles Beach luxury condo sales were found at JADE Ocean with 1 sale reflecting $1,288 per square foot. Other luxury sales came from Oceania V selling a trophy penthouse at $749 PSF. Turnberry Ocean Colony with 7 sales at $1,078$1,004,$1,004 & $1,043, $950, $847 and $1,025 PSF.

Sunny Isles Beach oceanfront real estate market values are noting considerable price gains over these last 3 years and what the future holds, time will tell. With new projects, preconstruction and condo developments, Sunny Isles Beach condo inventory is increasing while sale to list price ratios are averaging 95% and 85 days on the market for the prior month of May. One thing is for certain the new construction (Jade Signature) on the South side of Jade Beach and the North side (MUSE) of Jade Ocean is jeopardizing values during the development stage while residents undergo considerable noise, dust and new disgruntled competition. I’ll be reporting on trends and values from the 01 line and 08 lines directly facing these new construction towers Jade Signature to the South and MUSE to the North. While short term concerns have many alarmed, smart long term buyers will see past the noise and towards the future of Sunny Isles as values could climb much higher, as long as the views are not obstructed.

JADE Beach, JADE Ocean & JADE Signature Condo Deals & Sales

JADE Beach Condo Inventory, Sales & Rentals

(17001CollinsAvenue.com) There are a total of 25 (10% inventory) JADE Beach resales ranging in values from $850,000 (B1 Model) to $12M. TWO impressive 3-Story JADE Beach penthouse ‘Sky Lofts’ are available today at $9.595M & $10M. Each interior is over 8,200 SF (Contact me for the floor plans). There is also an unreasonably priced $12M D-2 Model on the 47th floor priced at $2,898 per square foot. They paid $2.8M in 2011 and let’s assume there was $3M invested in interior upgrades, then there we go.. $6-7M list price! Maybe I’m missing something in value but so far, my opinion is ‘good luck.’

JADE Beach condos have been in demand given the most desirable location, value and lifestyle experience. The average JADE Beach list price per square foot is reflecting $1,196 psf (Down 5% from April Stats) with the 90 day average selling price per square foot reflecting $1,026 at 125 days on market and an 95% sale to list price ratio (5% average buyer discount). JADE Beach condo sales for 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). So far in 2014, we have 8 sales averaging $1,033 per square foot and 110 days on the market with a 6% buyer discount. $1,190 per square foot is the record high sale value for 2014.

Search Jade Beach Condos for Sale

In June, there are 20 JADE Beach condos for rent ranging in asking prices from $3,700 (B1 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). So far in 2014, only 2 rentals have occurred with a B1 model renting at $3,053 and a C model renting at $5,900.

Search Jade Beach Condos for Rent

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 available today with the high prices on FOUR spectacular 2-Story Jade Ocean Trophy properties and “sky lofts” listed from $6.499 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 $1.039M.

JADE Ocean’s average asking price per square foot is at $1,444 ($1,477 in April & $1,482 psf January) and today’s buyers are finding the larger model floor plans most attractive with limited inventory setting new record highs at $3.4M for the E Model. This year, only 3 sales have occurred from $1.9M (C Model), $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. As of 2014, the average selling price per square foot reflects $1,217 with 194 days on market and buyers getting a 10% discount off asking values.

Search Jade Ocean Condos for Sale

There are 11 JADE Ocean rentals listed in June with prices ranging from $3,700 (B1 Model) to $14,500 for a furnished (D Model) 3 bedroom. This year 9 condos have rented ranging in values from $4,700 (B1 model) to an E Model which rented at $15,900 beautifully furnished.

Search Jade Ocean Condos for Rent

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 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 + lifestyle in Sunny Isles Beach. The concerns that owners addressed between Jade Beach & Jade Ocean have now been confronted at Jade Signature with incredible floor plans & desirable open outdoor living environments. 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.

Search Jade Signature Condos for Sale

More to come soon but today’s prices are over $1,400 per square foot increasing with a graduated scale this year as sales continue.. all 1 bedrooms have sold out (with a waiting list to buy) while only larger 3+ bedrooms remain. To buy a condo today at JADE Signature, call me for available pricing #305.978.7704 or inquire here Jade Signature Condos for Sale.

Ready to Sell or Lease Your JADE Condo?

Time to Showcase Your JADE Property. When hiring someone to sell or lease your JADE condo, look for strong International exposure & global marketing. Local market knowledge goes a very long way as customers want to know the market conditions in Sunny Isles Beach. I have a proven track record along the Miami beaches and I’m available to market your property globally right here on the JADE website & blog plus my many other websites seen below. Additionally, I am now with ONE Sotheby’s International Realty with a reputation, exposure and marketing channels beyond the extraordinary. 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.

JADE Ocean

In 2010, I released a new addition to the Sunny Isles Beach condo collection with TurnberryOceanColonySunnyIsles.com to replicate the success and fun 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% with 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 or any luxury condo tower in Miami. New 2014 statistics show us the latest in sales, facts & trends so stay tuned to the JADE Blog and authority websites below!

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 with over 12 years of experience.  Since 2002, I’ve sold & serviced Sunny Isles Beach to South Beach along with Aventura to Coral Gables.  When you’re ready to schedule a meeting with me, call me directly at #305.978.7704 or send me a note here.

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

Sunny Isles Beach Luxury Condo Sales & Statistics

Prices are still on the increase in our local market and since the last JADE update in 2013 as the premier inventory escalates in value and new construction steps in with values beginning at $1,400 – $2,000+ per square foot. Sunny Isles Beach condo inventory has increased to 684 total condos for sale and 187 closed sales in the last 90 days.

Last year 381 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 January 2014, only 4 Sunny Isles Beach condos have sold with an average sale price per square foot at $676 SP$/SF. In a contrast comparison of luxury oceanfront condos specific to Collins Avenue and over $1M, we see 208 condos for sale with 184 closed sales last year averaging a sales price per square foot of $755 SP$/SF and selling at 93% 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 $996 (Down from $1,125 previous post) and an average asking price per square foot of $1,071 psf reflecting an averaged 7% 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 1 sale reflecting $1,204 per square foot. Other luxury sales came from JADE Beach with 2 Sales reflecting $1,065 & $1,086 PSF. Turnberry Ocean Colony with 2 sales at $935 & $1,092 PSF. Trump Tower I & III ($831 psf & $786 respectively), Acqualina ($1,107 psf), Trump Palace ($955 psf) and lastly, Trump Royale selling at $904 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 January? With new projects and condo developments, Sunny Isles Beach condo inventory is increasing while sale to list price ratios are averaging 97% and 127 days on the market for the prior month of December. More details pertaining to JADE Condos..

JADE Beach Condo Inventory, Sales & Rentals

(17001CollinsAvenue.com) There are a total of 18 (7% inventory) JADE Beach resales ranging in values from $850,000 (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 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 $1,098 psf (Up 1% from 2013 Stats) with the 90 day average selling price per square foot reflecting $976 at 105 days on market and an 90% sale to list price ratio (10% 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 January, there are 11 JADE Beach condos for rent ranging in asking prices from $3,700 (B1 model) to $20,000 (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 12 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 B1 model priced from $1.099M. JADE Ocean’s average asking price per square foot is at $1,482 ($1,443 psf 2013 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. Last year, 20 sales occurred from $885k to $3.4M. Unit #3601 sold last month at $3.4M setting a new record high at $1,204 per square foot for JADE Ocean. Also, the 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 January with prices ranging from $5,000 (B2 Model) to $32,500 for a furnished (Penthouse) 4 bedroom. Last year, there were 15 rented condos ranging in values from $3,000 (B1 model) to an E Model which rented at $16,000 furnished.

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. 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 & lifestyle.

JADE Signature Condocoming 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.

New sales 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 expose 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 MiamiDreamRealty.com and the new MiamiPenthousesandEstates.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 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 (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 & JADE Signature Sunny Isles or any other luxury condo tower along the Miami Beach coastline.

Jade Beach 802 Views