Paramount Bay Condos – Market Report for March 2014

Paramount Bay Condos Real Estate Market Report

There are currently 30 Paramount Bay Condos for sale: (one less than last month)

• Highest priced listing is unit PH4602 for $4,899,000 (4 bedrooms / 4.5 bathrooms)
• Lowest priced listing is loft unit 705 for $699,000 $679,000 (1 bedrooms / 2 bathrooms)
• Pending Sales (properties under contract): 3 (3 less than last month)
• Closed sales in March: 10 (compared to 3 in February)

The 10 Paramount Bay Condos sold in March 2014 were the following:

• unit 2204 – Listed for $740,000 and selling for $700,000 ($617/sf)
• unit 1601 – Listed for $999,500 and selling for $990,000 ($565/sf)
• unit 1801 – Listed for $999,900 and selling for $960,000 ($548/sf)
• unit 1703 – Listed for $1,249,000 and selling for $1,185,000 ($551/sf)
• unit 3601 – Listed for $1,399,000 and selling for $1,260,000 ($720/sf) **Artefacto interiors
• unit 3007 – Listed for $1,485,000 and selling for $1,450,000 ($867/sf)
• unit 702 – Listed for $1,590,000 and selling for $1,590,000 ($676/sf)
• unit 3402 – Listed for $1,750,000 and selling for $1,700,000 ($722/sf)
• unit 2302 – Listed for $1,850,000 and selling for $1,800,000 ($765/sf) **Steven G interiors

The average sold price per square foot in March of 2014 was $603 compared to  $599 in February, $602 in January, and 2013′s average of $596. The demand continues to increase in the Edgewater area of Miami and Paramount happens to be the number one choice for design, luxury and amenities if pre-construction is not your thing. The Miamism Sales Team specializes in Paramount Bay and can represent you in the sale or purchase of a condo.  Please contact us ParamountBay@Miamism.com.  We prepare monthly market reports to keep you informed of sales stats at Paramount Bay. For more information about this Miami condo building, take a look at  Paramount Bay Condos written after my visit in September of 2012.  You can also visit www.Paramount-Bay-Condos.com to go straight to source of information. For further information, please email us at ParamountBay@miamism.com Condo Name:  Paramount Bay Architecture:  Arquitectonica Interior Design:  Lenny Kravitz Location:  2020 N Bayshore Dr – Miami, FL 33137 Contact:  paramountbay@miamism.com