Bal Harbor Real Estate Market Report for January 2015

Bal Harbour, Florida, real estate market reports for January 2015. Learn price per square foot and condo stats which will show you which Bal Harbour Condos are performing better than others with help of Miamism Sales Team.

Bal Harbor Real Estate Market Report

There are currently 174  Bal Harbor condos for sale:

• Highest priced listing: One Bal Harbour Penthouse (PH2604) for $27 Million  – 5 bedrooms / 5.5 bathrooms and 7,779 sq. ft. of living space
• Lowest priced listing: Harbour House Cabana for $85,000 (only available to Harbour House residents).
• Next Lowest priced listing:  1 bedroom co-op at Brownstone Co-Op Apts for $219,900
• Pending Sales: 19
• Closed sales in January: 12

The 12 Bal Harbor Condos sold in January were the following:

• St Regis residence 1603S – 3 bedrooms / 3.5 bathrooms – 3,424 sq.ft. listed in October of 2013 for $7.7 Million, showing pending sale in November of 2014 and selling for $6.85 ($2001/sq.ft.)
• St Regis residence 1603N – 3 bedrooms / 3.5 bathrooms – 3,424 sq.ft. – originally listed for $7.9 Million in January of 2014 with several price reductions and finally selling for $6.375 Million (1,862/sq.ft.)
• One Bal Harbour unit 503- 3 bedrooms / 3.5 bathrooms – 3,105 sq.ft. – listed for $4.8 Million in December of 2014 and selling for $4.33 Million ($1,395/sq.ft.)
• St Regis residence 2512 – 2 bedrooms / 2 bathrooms, 1,785 sq.ft. – originally listed for $2.7 Million in November of 2012 with several price increases and decreases including short-term rentals.  Selling at $3.1 Million ($1,737/sq.ft.)
• St Regis residence 506 – 1 bedroom / 2 bathrooms, 1,261 sq.f.t – originally listed for $2.549 Million in June of 2013 with several price reductions and selling at $2.25 Million ($1784/sq.ft.)
• Majestic Tower Condo unit 908 – 2 bedrooms / 2.5 bathrooms, 2,250 sq.ft. – Listed for $2.1 Million in July of 2014 and selling for $2.1 Million ($933/sq.ft.)
• Kenilworth Condo unit 1006- 2 bedrooms / 2.5 bathrooms – 2,060 sq.ft. – listed for $1.259 Million in August of 2014 and selling for $1.2 Million ($531/sq.ft.)
• Harbour House unit 1022 – 2 bedrooms / 2.5 bathrooms, 1,462 sq.f.t – listed for $990,000 in August of 2014 and selling for $859,000 ($588/sq.ft.)
• Kenilworth Condo unit 1505 – 2 bedrooms / 2 bathrooms, 2,060 sq.ft. – listed for $975,000 in January of 2014 and selling for $860,000 ($417/sq.ft.)
• Balmoral Condo #16K – 2 bedrooms / 2 bathrooms, 1,776 sq.f.t – listed for $989,000 in October 2014 and selling for $864,000 ($486/sq.ft.)
• The Plaza of Bal Harbour unit 905 – 2 bedrooms / 2 bathrooms, 1,312 sq.f.t – listed for $508,000 in September of 2014 and selling for $490,000 ($373/sq.ft.)
• The Plaza of Bal Harbour unit 904 – 1 bedroom / 1 bathroom, 978 sq.ft. – listed for $365,000 in October of 2014 and selling for $340,000 ($348/sq.ft.)

Because Bal Harbour’s pricing varies drastically from building to building, we recommend that you look at pricing in each condo instead of general figures.  The St. Regis wins in January with 4 out of the 12 sales and average price per square foot of $1,846. Runner up was Kenilworth Condo with 2 sales in January averaging $474/sq.ft. And 3rd place in sales volume was The Plaza of Bal Harbour with 2 sales in January averaging $361.sq.ft. If you missed the stats for 2014, make sure you visit Bal Harbour Real Estate Market Update for 2014. We are Bal Harbor REALTORS, ready to list and market your property! Call us for a listing appointment. We are now also providing these quick services to help with your real estate needs – your email address will be necessary to get the reports. And always keep in mind that these are automated and should only give you a ballpark figure. MIAMISMVALUE.COM To sell or buy your Bal Harbor home or condo, please contact us at BalHarbor@miamism.com