Miami Beach Condos- Seven Days Closed Sales Stats
As we begin the fourth quarter of 2011, we are continuing to see incredibly strong demand for Miami Beach waterfront condos. In Miami Beach's South of Fifth neighborhood, my team and I do not detect any slowdown in sales momentum. Despite a much lower condo listing inventory in Miami Beach's South of Fifth neighborhood, there continues to be strong buyer activity and demand. The snapshot of Miami Beach's condo stats below shows closed sales of the past SEVEN days for Miami Beach condos. This represents condos sold for above $500,000 for zip codes 33139, 33140, and 33141. The seven days closed sales average of listed & sold condo prices are highlighted at the very bottom of this blog post. I previously highlighted the past ninety days of Miami Beach condos closed sales, which makes this seven day sales snapshot (during Miami Beach's "low" Fall season) particularly impressive!
In Miami Beach's South of Fifth condo market, I've highlighted the latest Continuum South Beach three bedroom direct oceanfront condo sale which closed for $1,400/S.F. The physical address of this condo is located at 100 South Pointe Drive #3004, Miami Beach, 33139. This latest Continuum condo sale represents a premium of 10% ABOVE the average closed sales prices. There are two other IDENTICAL condos that sold in April, 2011 (#1103 and #3204) for an average price of $3,060,000. For both homes and condos, this trend is another example of the strength, and continuing price recovery, of Miami Beach's real estate market.
| Sale Date | Miami Beach Address | Miami Beach Condo | Living Area | Sales Price | SP$/SqFt |
| 10/10/2011 | 100 S POINTE DR # 3004 | CONTINUUM ON SOUTH BEACH | 2,508 | $ 3,495,000 | $ 1,394 |
| 10/7/2011 | 6899 COLLINS AV # 2604 | Canyon Ranch North Tower | 2,150 | $ 2,053,250 | $ 955 |
| 10/7/2011 | 50 S POINTE DR # 1907 | CONTINUUM NORTH TOWER | 1,486 | $ 1,700,000 | $ 1,144 |
| 10/11/2011 | 2201 Collins Ave # 1414 | W South Beach Residences | 1,151 | $ 1,850,000 | $ 1,607 |
| 10/7/2011 | 1445 16 ST # B101 | CAPRI SOUTH BEACH | 1,699 | $ 1,088,000 | $ 640 |
| 10/5/2011 | 5875 COLLINS AVE # PH6 | MEI CONDOMINIUM | 1,707 | $ 1,000,000 | $ 586 |
| 10/10/2011 | 4779 COLLINS AV # 1802 | BLUE DIAMOND | 1,530 | $ 890,000 | $ 582 |
| 10/6/2011 | 400 S POINTE DR # 1110 | SOUTH POINTE TOWERS | 1,559 | $ 860,000 | $ 552 |
| Seven Days Closed Average: | Living Area S.F : 1,724 | Price: $ 1,617,031 | $/SF: 932 |
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