Tag Archives: Luxury Real Estate

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 Condo Sales, Statistics & Inventory for June 2012

Sunny Isles Beach Luxury Condo Sales & Statistics

A lot has changed with our local market since the last JADE update in 4Q 2011 as the premier inventory escalates in value. Sunny Isles Beach condo inventory has decreased to 557 total condos for sale and 70 closed sales in the last 30 days (7.9 month supply). Last year 184 oceanfront condos over $500,000 sold via MLS with an average selling price per square foot of $447. So far in 2012, 126 Sunny Isles Beach condos have sold via MLS database with an average sale price per square foot at $513 per square foot. In a contrast comparison of luxury oceanfront condos specific to Collins Avenue and over $500k, we see 399 condos for sale with 124 closed sales so far this year averaging a selling price per square foot of $515 psf and selling at 94% of list price.

If we take the top 10 of 2012 luxury condo sales, we find an average sales price per square foot of $789 (down from $815 previous post or 3%) and an average asking price per square foot of $869psf reflecting an average 10% discount for new buyers 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 1 sales reflecting $992psf along with Jade Beach reflecting a sales at $841 per square foot. Turnberry Ocean Colony had 5 sales at $965, $870, $819, $859 and $793 per square foot while Ocean Three had two sales at $442 psf and $456 per square foot.

What are the latest sales, happenings & the very best condo deals at JADE Ocean & JADE Beach Miami in June 2012? Sunny Isles Beach condo inventory has decreased 32% year to date while sale to list price ratios are averaging 93% for the prior month of May. I’ll explore the fine analytics below and continue educating everyone interested in these most desirable oceanfront condo towers known as JADE Beach & JADE Ocean. On to the June 2012 JADE Condo details…

JADE Beach Condo Inventory, Sales & Rentals

(17001CollinsAvenue.com) We now have 20 (8% inventory) JADE Beach resales ranging in values from $745,000 (B1 Model) to an impressive 3-Story JADE Beach penthouse ‘Sky Loft’ reduced and now priced at $9.9M (I-line Penthouse Floor Plan). The average JADE Beach list price per square foot is reflecting $747 psf (Up 14% from August 2011) with the 90 day average selling price per square foot reflecting $748 at 205 days on market and an 91% sale to list price ratio (9% average buyer discount). JADE Beach condo sales on the MLS reflect 10 resales in 2012 from $580k (B1 Model at $535psf) to $2.2M (E Model at $841 per square foot) setting the record high in JADE Beach resale values.

In June, there are 9 JADE Beach condos for rent ranging in asking prices from $3,300 (B2 model) to $36,000 (Jade Beach Penthouse). JADE Beach condo rentals have been in demand given the most desirable location and experiencing the JADE Beach lifestyle. Year to date, 8 Jade Beach condos have rented, ranging in rented values from $2,700 (B1 deals) to $7,500 (E Model).

JADE Ocean Condo Inventory, Sales & Rentals

(17121CollinsAvenue.com) JADE Ocean has 16 condo resales today with the high prices on two spectacular 2-Story Jade Ocean Penthouse “sky lofts” listed $10.950M & $9.50M with over 6,500 square feet and 5 bedrooms along with a slightly smaller luxury JADE penthouse priced at $4.1M with just over 3,700 total square feet, 3 bedrooms and 3 baths.. There are only 2 mirrored image Sky Lofts per Model in the JADE buildings and few other penthouses comparable in Sunny Isles Beach. The lowest priced resales today begin with B-2 models priced from $899,000. JADE Ocean’s average asking price per square foot is at $1,120 ($886 psf in August 2011) and today’s buyers are finding the D & E Models most attractive with very limited inventory setting new record highs over $2.2M. Year to date, 6 sales have occurred from $899k to $2.999M. Unit #4403 sold at $3.5M in May setting a new record high at $1,019 per square foot for Sunny Isles Beach real estate. The averages show the selling price per square foot at JADE Ocean reflecting $889 while selling at 94% of list after 237 days on market.

There are 10 JADE Ocean rentals listed in June and the prices are ranging from $3,790 (#2603) to $16,500 for an optionally furnished 4 bedroom. Year to date, there have been 5 rented condos ranging in values from $4,000 (B1 model) to a beautiful D Model rented at $8,300.

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 uncovered through photos & videos here with blog research showing us true market values. New monthly sales statistics show us the latest sales, facts & trends so stay tuned to this JADE Blog and authority site. JADE Ocean condos were sold out 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 as inventory continually decreases while sale prices increase. JADE Ocean stands among the elite luxury condo towers of Sunny Isles Beach with a great International demand.

Ready to Sell or Lease Your Property at JADE

In Miami, it’s not so much the brokerage name recognition but instead more so dependent on the agent or Realtor® you choose to expose your luxury property properly. 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 get started and accepting new JADE Condo listings 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 visit the 5 Step Marketing Plan today.

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 have shown us sales as low as $1M in 2009 while sale prices today have increased 44% and noting the market turnaround. Here you’ll also find new updates, videos & monthly 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 have also been revamped with most 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.

JADE Beach & JADE Ocean Condo Sales, Statistics & Inventory for May 2010

I’ve missed the April report.. With the new websites, I am bombarded with customers and condo sales so I’ve been working on building the Miami Dream team of real estate professionals. Sunny Isles Beach inventory held constant last month at 1,052 total condos for sale. Sunny Isles Beach condo inventory has decreased 26% year to date while sale to list price ratios are up to an average 94% for the month of April. I’ll explore the fine analytics below and continue educating everyone interested in these uber modern condo towers known as JADE Beach & JADE Ocean.

At the start of 2010, I released a new addition to the Sunny Isles Beach condo collection with TurnberryOceanColonySunnyIsles.com website to replicate the fun & success I’ve had with this JADECondosSunnyIsles.com authority site. Price points at Ocean Colony had dropped approximately 20% in 2009 alone and have sold as low as $1M last year while prices today begin at $1.390M and noting fast turnaround with 14 condos under contract! Here you’ll find new blog updates, videos & monthly statistics at Turnberry Ocean Colony which some people seem to prefer over Jade Beach & Jade Ocean. The original MiamiDreamRealty.com was revamped showcasing the entire luxury Southeast Florida Regional MLS listing database while the JADE Ocean, JADE Beach & Turnberry Ocean Colony MLS database access is also being revamped in 10 days! On to the MAY 2010 JADE Condo details…

JADE Beach Condo Inventory, Sales & Rentals

(http://17001CollinsAvenue.com) JADE Beach developer (Fortune) has sold out after almost two years of occupancy and we are awaiting word of it turned over to the condo board. We now have 43 (17%) JADE Beach resales ranging in values from $510,000 (Low Floor B1 Model) to an impressive JADE Beach penthouse listing priced at $11M (2 Story Jade Beach Trophy Penthouse). JADE Beach condo sales have been reported on the MLS with values from $468k (B1 Model at $468 psf) to $1.420M (E Model at $442 per square foot). This has been the established pricing trend, in the $400’s, for Jade Beach. The average JADE Beach list price per square foot is reflecting $670 psf (Up 3% over March) with the average selling price per square foot reflecting $449 at 153 days on market and an 89% sale to list price ratio (11% average buyer discount). The inquiries have not ceased on the only JADE Beach short sale #1104D which is still pending short sale approval. I do expect it to sell over asking price as $865k may prove to be a “teaser price” with D line values now ranging in sold values from $990k to $1.2M in 2010. This went pending in December and short sales can take an easy 6-9 months!

JADE Beach rentals have been in demand as potential buyers test the local market & JADE Beach lifestyle. To date, 36 Jade Beach condos have rented, ranging in rented values from $2,000 (B1 deals) to $7,000 (#1708); 3 Jade Beach rentals are currently under contract with prices ranging from $3,650 (#2602) to $14,000 (#3608); the agent needs to change the status on #3608 as it’s been pending for months now. There are 30 JADE Beach rentals active-available ranging in asking prices from $2,950 (07-line as B2 model) to $8,200 (#3208).

JADE Ocean Condo Inventory, Sales & Rentals

(http://17121CollinsAvenue.com) JADE Ocean has price points by the developer hovering in the $600+’s psf. I do believe this to be market values given the uber luxury product with new County records now reflecting 106 recorded deeds (Up 11% since March) or 44% sold. Please Note: there are more sales than this as Miami Dade County takes awhile to record deeds. Jade Beach took almost 2 years to accomplish a sell out and we’re now entering the 10th month of JADE Ocean acquiring its Certificate of Occupancy. There are 11 Jade Ocean resales today with the high price on a spectacular 2 Story Jade Ocean Penthouse “sky loft” listed November 20th at $2.7M (now priced at $2.8M) with just over 3,700 total square feet, 3 bedrooms and 3.5 baths.. There are only 2 (C-2’s) in the building and no other penthouses comparable in Sunny Isles Beach other than JADE Beach. The lowest priced resale is a B1 model priced at $625k which is 18% over Jade Beach B1 asking values. With an average asking price per square foot of ~$717 ($747 psf in March), reflective for JADE Ocean, we should soon see new activity. This is the critical curve separating value differences between each tower that I’m interested in deciphering. Differences will be dissected this year showing us what truly is market values while sales statistics show us the latest sales, facts & trends.

JADE Ocean was sold out on a significantly higher price point offering clear advantages in amenities & lifestyle. It seems as though Fortune, the FDIC & Starwood amended the asking prices and adjusted them to Sunny Isles Beach oceanfront market values. The residential low end market is noting price gains as inventory decreases. Talk of values going up has been constant across the board along the Miami Dade Beaches… The developer is relaying today’s prices at approximately $600+ psf and increasing slowly as sales continue. One thing is for sure, the developer is 100% confident in their product standing firm on current contract negotiations. And why wouldn’t they be as JADE Ocean stands among the elite condo towers of Sunny Isles Beach.

There are 10 JADE Ocean rentals listed via MLS and the prices are ranging from $2,600 (#1803) to $7,100 for a 3 bedroom (A model). There have been 5 rented condos ranging in values from $2,500 to $5,000 (B2 Model) to be a strong starting figure for a superior building. I believe JADE Ocean will have a very strong finish this year and we’ll all make notes as each month shows us new figures.

Sunny Isles Beach Luxury Condo Sales & Statistics

Sunny Isles Beach condo inventory is reflecting 1,052 condos for sale and 50 closings in the last 30 days (21 month supply). So far in 2010, 245 Sunny Isles Beach condos have sold via MLS database with an average sale price per square foot at $225 per square foot. In a contrast comparison of luxury oceanfront condos specific to Collins Avenue and over $500k, we see 455 condos for sale with 55 closed sales so far this year averaging a selling price per square foot of $396 (down 1% over last month) psf and selling at 90% of list price. If we take only the top 10% of 2010 condo sales, we find an average sales price per square foot of $606 and an average asking price per square foot of $701 reflecting an average 13% discount for new buyers in the Sunny Isles Beach luxury real estate market. Last year 161 oceanfront condos over $500k sold via MLS with an average selling price per square foot of $420. Looking at the 39 closed oceanfront condo sales from the last 90 days, we see the sale to list price ratio reflecting an 11% buyer discount and selling within 224 days. The top Sunny Isles Beach luxury condo sales of the last 90 days were found at Acqualina with #3903/4 selling at $2.6M ($589 SP/SF), JADE Beach #3308 selling at $1.420M ($442 SP/SF) and Trump Palace #3901 selling at $1.270M ($593 SP/SF).

What else would you like to see reported here on the JADE Condo Blog? Leave a comment and let me know what’s on your mind regarding JADE Beach & JADE Ocean Sunny Isles or any other luxury condo tower along the Dade County coastline. I’m also eager to market new JADE Condo listings here and on my other sites so please visit MiamiDreamRealty.com (5 Step Marketing) for details on superior global marketing and efficient results whether selling or leasing your condo.

JADE Ocean Swimming Pool