Tag Archives: Sunny Isles Beach real estate

JADE Beach | JADE Ocean Condo Sales, Statistics & Inventory for October 2013

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 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.

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.

Jade Beach Condo 802

JADE Beach & JADE Ocean Condo Sales, Statistics & Inventory for August 2011

Sunny Isles Beach Luxury Condo Sales & Statistics

A lot has changed with our local market since the last JADE update in 1Q 2011 as premier inventory diminishes. Sunny Isles Beach condo inventory has decreased to 780 total condos for sale and 68 closed sales in the last 30 days (11 month supply). Last year 184 oceanfront condos over $500k sold via MLS with an average selling price per square foot of $447. So far in 2011, 653 Sunny Isles Beach condos have sold via MLS database with an average sale price per square foot at $260 per square foot. In a contrast comparison of luxury oceanfront condos specific to Collins Avenue and over $500k, we see 360 condos for sale with 149 closed sales so far this year averaging a selling price per square foot of $536 psf and selling at 93% of list price.

If we take the top 10 of 2011 luxury condo sales, we find an average sales price per square foot of $815 (up from $732 previous post or 10%) and an average asking price per square foot of $981 (up from $849 from previous post or 13%) psf reflecting an average 17% 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 5 sales reflecting $961, $607, $584 & $704 psf along with Acqualina reflecting 3 sales at $859, $722 & $739 per square foot. Turnberry Ocean Colony had 1 sale at $616 per square foot while JADE Beach had a sale at $532 psf and Trump Palace with a sale at $700 per square foot.

What are the latest sales, happenings & the very best condo deals at JADE Ocean & JADE Beach Miami in August 2011? Sunny Isles Beach condo inventory has decreased 2% over last month while sale to list price ratios are averaging 95% for the prior month of July. 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 August 2011 JADE Condo details…

JADE Beach Condo Inventory, Sales & Rentals

(17001CollinsAvenue.com) JADE Beach condos are sold out of Fortune’s developer inventory (2010) after over two years of occupancy. We now have 28 (11% inventory) JADE Beach resales ranging in values from $619,000 (Low Floor B1 Model) to an impressive 3-Story JADE Beach penthouse ‘Sky Loft’ resale priced at $10.9M (I-line Penthouse Floor Plan). The average JADE Beach list price per square foot is reflecting $747 psf (Up 5% from March) with the average selling price per square foot reflecting $525 at 232 days on market and an 88% sale to list price ratio (12% average buyer discount). JADE Beach condo sales have been reported on the MLS with 10 resale values in 2011 from $940k (A Model at $462 psf) to $2.050M (E Model at $638 per square foot) setting the record high in JADE Beach resale values.

In August, there are 15 JADE Beach condos for rent ranging in asking prices from $3,100 (B2 model) to $11,000 (E-model). JADE Beach condo rentals have been in demand at the most desirable location and experiencing the JADE Beach lifestyle. Year to date, 16 Jade Beach condos have rented, ranging in rented values from $2,550 (B1 deals) to $7,000 (E Model); 3 Jade Beach rentals are bow pending contract with #1501 & #1401 (A-models) reflecting asking prices of $4,800 & $5,500 respectively.

JADE Ocean Condo Inventory, Sales & Rentals

(17121CollinsAvenue.com) JADE Ocean has very limited developer inventory including the remaining 1 bedrooms with price points hovering in the $600+’s psf. Jade Beach took almost 2 years to accomplish a sell out and we’re now ending the second year of JADE Ocean acquiring its Certificate of Occupancy. There are 10 Jade Ocean condo resales today with the high price on a spectacular 2-Story Jade Ocean Penthouse “sky loft” listed $9.950M with over 6,500 square feet and 5 bedrooms along with a slightly smaller luxury JADE penthouse priced at $3.5M 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 are B-1 models priced from $640,000 to $653k and one B-2 model asking $875,000. JADE Ocean’s average asking price per square foot is at $886 ($765 psf in March) and today’s buyers are finding the D & E Models most attractive with very limited inventory setting new record highs. Year to date, 9 sales have occurred from $820k to $4M. 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 $693 while selling at 89% of list after 203 days on market.

There are 8 JADE Ocean rentals listed in August and the prices are ranging from $3,500 (#1406) to $29,000 for a 4 bedroom, 2-Story furnished trophy penthouse. Year to date, there have been 16 rented condos ranging in values from $2,500 (B1 model) to a beautiful 2 Story penthouse rented at $28,000 in this superior Sunny Isles Beach building. JADE Ocean will most likely sell out this year with only a few B1 models remaining and I will blog on new updates as each report shows us continued 2011 figures.

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.

I’m Available to Showcase & 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 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 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 1Q 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 last year while sale prices today have increased 25% and noting fast turnaround with 2 condos pending sale this month. 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. Enjoy and thank you for visiting!

Jade Beach & Jade Ocean

Breaking News.. $11,000,000 Penthouse Goes Pending at JADE Beach Sunny Isles

This JADE Penthouse is the epitome of Sunny Isles Beach luxury.

After only 61 days the JADE Beach sky loft penthouse 4905 went ‘Pending Sale!’ Consisting of 6 bedrooms 7 & a half baths, with over 8,000 interior square feet, this premier JADE Beach residence is setting a new record for Sunny Isles Beach real estate. Today, many Miami luxury oceanfront condos have sold in 2010 with remarkable prices. South Beach and Bal Harbour have noted considerable Penthouse sales in the last 90 days in which every blog savvy agent has reported and now Sunny Isles Beach keeps it’s foot in the sand with this new record sale. At $1,339 asking price per square foot, all eyes will be watching for the final Penthouse sales figure. See the JADE Beach penthouse images & details when I first exposed this magnificent “home” on April 21st!

Want a JADE Beach Penthouse?

There are only 2 like this Penthouse in JADE Beach & 2 like it in JADE Ocean. Call me at 1.888.383.7326 to discuss buying the mirrored image penthouse as decorator ready (approximately $7M). Here is a smaller JADE sky loft #4701 for sale today at $3.895M . Note it is decorator ready needing flooring, paint, closets, lighting & window treatment so the new owner willing to take on the risk & hassle may be the one to make a premium on the resale value.. We will soon see as this amazing JADE penthouse closes setting a new area record worth reporting.

JADE Beach Condos for Sale | JADE Beach Condos for Rent

JADE Ocean Condos for Sale | JADE Ocean Condos for Rent

UPDATE: This Penthouse at JADE Beach is back on the market at $11,400,000 on August 5th, 2010

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

Sunny Isles Beach Luxury Condo Sales & Statistics

Sunny Isles Beach condo inventory held constant last month at 1,052 total condos for sale and 35 closed sales in the last 30 days (30 month supply). So far in 2010, 320 Sunny Isles Beach condos have sold via MLS database with an average sale price per square foot at $240 per square foot. In a contrast comparison of luxury oceanfront condos specific to Collins Avenue and over $500k, we see 450 condos for sale with 75 closed sales so far this year averaging a selling price per square foot of $431 psf (Up 8% over last month) and selling at 89% of list price. If we take only the top 10% of 2010 condo sales, we find an average sales price per square foot of $687 and an average asking price per square foot of $786 psf reflecting an average 12% 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. The top 8 Sunny Isles Beach luxury condo sales from the last 90 days were found at Acqualina with 5 sales reflecting $740, $785, $589 & $649 per square foot. Turnberry Ocean Colony had 3 sales at $733, $660 & $649 per square foot. JADE Beach #4501 sold at $2M ($645 SP/SF) setting a new record resale high..

What is the latest & greatest at JADE Ocean & JADE Beach Miami in June 2010? Sunny Isles Beach condo inventory has decreased 6% year to date while sale to list price ratios are averaging 93% for the month of May. I’ll explore the fine analytics below and continue educating everyone interested in these new oceanfront condo towers known as JADE Beach & JADE Ocean. On to the June 2010 JADE Condo details…

JADE Beach Condo Inventory, Sales & Rentals

(17001CollinsAvenue.com) Fortune has already sold out their inventory as of 2010 1Q after almost two years of occupancy and we are awaiting the turn over to the condo board. We now have 44 (18% inventory) JADE Beach MLS resales ranging in values from $499,000 (Low Floor B1 Model) to an impressive JADE Beach penthouse listing priced at $11M (2 Story Jade Beach Penthouse). JADE Beach condo sales have been reported on the MLS with 9 resale values from $468k (B1 Model at $468 psf) to $2M (E Model at $645 per square foot) setting a new record high in resale values. The average JADE Beach list price per square foot is reflecting $663 psf (Down 1% from May) with the average selling price per square foot reflecting $476 at 153 days on market and an 88% sale to list price ratio (12% average buyer discount). The inquiries have not ceased on the only JADE Beach short sale #1104D which is still pending short sale approval. I expect #1104 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 $1.4M in 2010. This went pending in December and short sales can take an easy 6-9 months!

JADE Beach condo rentals have been in demand as potential buyers test the local market & JADE Beach lifestyle. To date, 42 Jade Beach condos have rented, ranging in rented values from $2,000 (B1 deals) to $7,000 (#1708); 5 Jade Beach rentals are currently under contract with prices ranging from $3,650 (#2602) to $14,000 (#3608); the owner’s representative needs to change the status on #3608 as it’s been pending for months now. There are 24 JADE Beach rentals available ranging in asking prices from $3,000 (02-line as B2 model) to $8,200 (#3208 as E model).

JADE Ocean Condo Inventory, Sales & Rentals

(17121CollinsAvenue.com) JADE Ocean has remaining developer inventory at price points 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 109 recorded deeds (Up 3% since May) or 44% sold. Please Note: there are more sales than this as Miami Dade County takes awhile to record new deeds. Jade Beach took almost 2 years to accomplish a sell out and we’re now entering the 11th month of JADE Ocean acquiring its Certificate of Occupancy. There are 11 Jade Ocean condo 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 $3M) 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 increased in price from $625k to $684k which is 27% over JADE Beach (B1 model) asking values. JADE Ocean’s average asking price per square foot is at ~$743 ($717 psf in May) and today’s buyers are finding the developer inventory moist attractive in the $600’s per square foot. Differences in JADE Ocean & JADE Beach will be dissected this year showing us true market values while new monthly sales statistics show us the latest sales, facts & trends.

JADE Ocean condos were 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 to Sunny Isles Beach oceanfront market values. The residential low end market is noting considerable 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 prices 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 firm as JADE Ocean stands among the elite luxury condo towers of Sunny Isles Beach.

There are 18 JADE Ocean rentals listed via MLS and the prices are ranging from $2,575 (#1706) to $7,100 for a 3 bedroom (A model). There have been 7 rented condos ranging in values from $2,400 (B1 model) to $6,500 (E Model) to be solid starting figure in a superior building. I believe JADE Ocean will have a very strong finish by the end of 2010 and we’ll all make notes as each month shows us new figures.

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 Miami Dade County coastline. I’m also accepting new JADE Condo listings to market globally here and on my other sites so please visit MiamiDreamRealty.com (5 Step Marketing) for further details on a superior global marketing plan and efficient results whether selling or leasing your oceanfront condo.

In 1Q 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 Turnberry 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 10 condos under contract! Here you’ll find new updates, videos & monthly statistics at the Turnberry Ocean Colony blog. 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 has now also been revamped!

All figures derived from the Southeast Florida Regional MLS service

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

JADE Beach Condo Sales, Stats & Inventory for March 2009

Jade Beach Condos Sunny Isles JADE Beach condo inventory for the month of March shows us 27 units on the market ranging from $2.450M (4/4) to $599k (1/1.5). Average asking price per square foot is at $683 with an average list price at $1.416M.

JADE Condo resales… There hasn’t been any and why is this?

I’m going to rant here since nothing in JADE Beach has sold… If you’d like a market snapshot for Sunny Isles Beach real estate we see 14 new “luxury condos” sold within the last 90 days (2005+, ocean direct) with an average asking price per square foot at $544 and selling price per square foot at $485. The Sunny Isles Beach SP/LP (Sale to List Price) Ratio% is at 91% with an average of 177 days on the market.  Taking Trump Palace condos for example, we see an good above average turnover rate with 5 condos selling in the last 90 days at $510 psf and an average asking price per square foot at $592. Additionally, condos priced well at Trump Palace sell at an average of only 63 DOM (days on market) and at 93% of list price.. Trump Palace’s younger, more modern sister building Trump Royale, has not had any resales either however Trump Royale has a multitude of unsold developer units whereas JADE Beach does not; and I say this with the understanding from the developer’s rep that over 79% of JADE Beach has been sold. The point here is not that new developments will sit empty with unsold units, but more so the fact that the Sunny Isles Beach 2009 real estate market is not ready to come up to $683 PSF for JADE Beach condo resales that are unfinished (decorator ready).

Is there still smoke and mirrors on the overall average values and resale potential at JADE Beach?

Okay, I understand the JADE Beach resale values are fueled on “that’s what I paid for it” and “that’s what the developer (or my agent) thinks I could get for it” or even the valued point that JADE Beach is a far better building than Trump Palace and not comparable in the current “sold” values above.  Could it be…?

Okay then, so let’s step up the Sunny Isles Beach market snapshot to what some would argue to be the best luxury condo residences for services, amenities and resale values… Turnberry Ocean Colony. Turnberry Ocean Colony has had 2 closed sales in the last 90 days with 2 under contract at an average list price per square foot at $542 and average closed sale PPSF at only $492! Turnberry Ocean Colony #2401 was sold (by yours truly) in September 2008 at $712 PSF and then just over the holidays the prices dropped to what are reflecting in the 01 (Abaco) line today at an average “asking” price per square foot at $690 psf.

Jade Beach Jade Ocean Sunny Isles These last 3 years 6 months have been the nose dive many new true investors were hoping for with luxury condos selling in the 400’s. Everyone including myself were truly hopeful that JADE Beach would have initial resale values in the $700 to $800 PSF range while JADE Ocean resale values would top $1,000 PSF mark and set new area records. I still concur that JADE Ocean will set area records or stay parallel with Turnberry Ocean Colony, however each must be priced WITH the market. We’re still pulling through a market correction, inventory glut and bad press from the media. Vital signs (inventory + SP/LP%) are in a positive direction for the Sunny Isles & Miami Beach market snapshot and my cup is always half full.

There are some realistic unit owners that have priced their JADE Beach condos with the market to sell.. ie) #4008 (E line $482 psf), #1508 (A line $595 psf) #1904 (D line $520 psf), #1104 (D line $582 psf). Believe me, I’m all for JADE Beach condos and the soon to be released JADE Ocean, otherwise I would have never spent thousands on this site & blog or countless hours writing, editing and creating good content. I LOVE THE JADE BUILDING(S) with a fiery passion and they are where my focus (& money) is being spent. I’m simply ready to see resale action.

The truth is in the numbers. 1.888.383.7386.

JADE Beach Inventory Rates as of 4Q 2008

JADE Beach Oceanside

JADE Beach Oceanside

 Regarding the health of the JADE Beach development and today’s inventory, I supposed it would rate today as among the very best with very little buyer remorse and condo inventory for sale. Today there is only 6% as available inventory or 19 total residences for sale. This should definitely increase as closings progress & trickle through the MLS and I’ll continue reporting on all inventory and sales activity so we can gauge today’s JADE Beach market values. Today’s prices range from $749,000 (1085 SqFt B1 line) to $2.3M (3211 SqFt E line) with an average listing price at $1.515M ($714 psf). Nothing is yet pending or closed through the MLS and I expect this to change for the better in the coming seasonal months and on. I had a recent sale at Turnberry Ocean Colony (#2401 South Tower Sold at $721 psf) and many appraisers called to compare to JADE Beach for the accurate values. All seemed to have NO issues appraising Jade Beach and out of the many callers experiencing buyer’s remorse at other new developments, I have had but one at Jade Beach or Jade Ocean. Instead, normal questions from new owners pertaining to JADE Condo Values in which I would say currently as low as $560 (4BR) psf up to $898 (1BR) psf which are max leading values of the Sunny Isles Beach real estate market on a price per square foot basis. In looking at the 740 closed sales of 2008 in Sunny Isles Beach, the highest price per square foot of sold luxury condos is holding at $829 psf… not including mortgage fraud. There are 14 closed sales of 2008 ranging from $700 psf to the $829 psf as previously mentioned. That’s right only 14 or 1.27 luxury condos sold per month. The leading towers in which JADE Beach & JADE Ocean will surely triumph are 1.) Turnberry Ocean Colony (Sold 01 line “ABACO” at $829 psf) 2.) Trump Palace (Sold at $800 psf on 09 line) 3.) Acqualina (Sold at $768 psf on 06 line). Average Days on Market for this select group of upper tier oceanfront sales was at 275 DOM with an Average Sale to List Price Ratio at 92.71%. Want more in depth news?… Sign up for immediate weblog updates or check back often for weekly reports.

 This is the new home of JADECondoListings.com so let me know what you’d like to see in upcoming weblog & vodcasts by commenting on this blog post or emailing the Sunny Isles Beach Real Estate Consultant direct at Ashton@JADECondosSunnyIsles.com. Looking to sell at JADE Condos? I’m ready to get started implementing smart marketing and efficient energy to the speedy success in selling your Jade Condo Residence. There’s no better time than today 1.888.383.7326