Bal Harbor Real Estate Market Report for March 2015

Bal Harbour Condo sales in march 2015. Real Estate stats for Bal Harbor Condos by Miamism Sales Team, your choice for Bal harbor REALTORS.

There are currently 173  Bal Harbor condos for sale: (2 less than last month)

• 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:  1 bedroom co-op at Brownstone Co-Op Apts for $225,000
• Pending Sales: 18 (same as last month)
• Closed sales in March: 17 (4 more than last month)

The 17 Bal Harbor Condos sold in March were the following:

• Admiralty Apts Co-op – 10160 Collins Av #303n – 3 bedrooms / 2 bathrooms with 1,800 sq.ft. of living space.  Listed for $499,000 in January and selling for $525,000 ($236/sq.ft.)

• Bal Bridge South Co-op – 10230 Collins Av #204 – 2 bedrooms / 2 bathrooms with 1,400 sq.ft. of living space.  Originally listed for $275,000 in January of 2014, reduced to $265,000 in March of 2014 and selling for $230,000 ($164/sq.ft.)

• Balmoral Condo at 9801 Collins Av had 4 sales averaging $593/sq.ft. (same as last month)
  • unit 19C – 2 bedrooms / 2 bathrooms with 1,688 sq.ft. of living space.  Listed for $979,000 in January and selling for $950,000 ($563/sq.ft.)
  • unit 19L – 2 bedrooms / 2 bathrooms with 1,968 sq.ft. of living space.  Listed for $1,250,000 in January and selling for $935,000 ($475/sq.ft.)
  • unit 12U – 2 bedrooms / 2 bathrooms with 1,688 sq.ft. of living space.  Listed for $959,000 in February and selling for $930,000 ($551/sq.ft.)
  • unit 17Y – 3 bedrooms / 3 bathrooms with 1,983 sq.ft. of living space.  Listed for $1,695,000 in September of 2014 and selling for $1,550,000 ($782/sq.ft.)

• Carlton Terrace Condo – 10245 Collins Av #6B – 1 bedroom / 1 bathroom with 1,204 sq.ft. of living space.  Originally listed for $569,000 in December of 2014 with several price reductions and selling for $499,000 ($414/sq.ft.)

• Harbour House at 10275 Collins Av had 3 sales averaging $565/sq.ft. (compared to $515 in February)
  • unit 527 – 1 bedroom / 1 bathroom with 896 sq.ft. of living space.  Originally listed for $445,000 in October of 2014 with several price reductions and selling for $425,000 ($474/sq.ft.)
  • unit 725 – 1 bedroom / 1 bathroom with 896 sq.ft. of living space.  Listed for $499,000 in December of 2014 and selling for $465,000 ($519/sq.ft.)
  • unit 730 – 2 bedrooms / 2 bathrooms with 1,056 sq.ft. of living space.  Originally listed for $719,000 in July of 2013, with several price increases last one at $750,000 and selling for $740,000 ($701/sq.ft.)

• Majestic Tower at 9601 Collins had 2 sales averaging $984/sq.ft.
  • unit 1409 – 2 bedrooms / 2 bathrooms with 2,160 sq.ft. of living space.  Listed for $2.2 million in January and selling for $2,025,000 ($938/sq.ft.)
  • unit 1510 – 3 bedrooms / 3 bathrooms with 2,430 sq.ft. of living space.  Listed for $2,435,000 in April of 2014 and selling for $2,5000,000 ($1,029/sq.ft.)

• Ritz Carlton Bal Harbour – 10295 Collin Av #613 – 2 bedrooms / 2 bathrooms with 1,667 sq.ft. of living space.  Listed for $1,850,000 in January and selling for $1,625,000 ($975/sq.ft.)

• St. Regis Bal Harbour at 9703 Collins Av had 2 sales averaging $1,466/sq.ft.
  • unit 405 – 1 bedroom / 2 bathrooms with 1,475 sq.ft. of living space.  Listed for $2,199,000 in June of 2014 and selling for $2,000,000 ($1,356/sq.ft.)
  • unit 1805N – 2 bedrooms / 2 bathrooms with 1,777 sq.ft. of living space.  Listed for $3.25 million in May of 2014 and selling for $2,800,000 ($1,576/sq.ft.)

• The Plaza at Bal Harbour – 10185 Collins Av #515 – 1 bedroom / 1 bathroom with 1,019 sq.ft. of living space. Originally listed for $299,999 in February of 2013 with several price drops and increases, last one at $319,000 and selling at $310,000 ($304/sq.ft.)

• Tiffany of Bal Harbour – 10175 Collins Av #705 – 2 bedrooms / 2 bathrooms with 2,018 sq.ft. of living space.  Originally listed for $989,000 in December of 2014 and selling for $930,000 ($461/sq.ft.)

We separate Bal Harbour Condo sales by building because price varies drastically from building to building and although we like to look at neighborhoods as a whole, it’s only right to know how your own building is performing.  The highest priced building continues to be the St. Regis with Majestic Tower right behind and The Ritz Carlton in third place. To compare these sales to 2014 figures, please visit Bal Harbour Real Estate Market Update for 2014.

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Did you know that Miami came in at #6 in the most important global cities from the Knight Frank Wealth Report for 1015?  If you want a digital copy of the report, please let us know, we will happy to share. To sign up to our Home Trend Reports, go to MiamismTRENDS.com and fill in your information. Call us Today for a listing appointment! If you are interested in getting a list of all properties currently for sale in Bal Harbor or your particular building, we will be happy to send you a digital copy at your request.  We can also send you monthly market reports directly to your inbox. Feel free to email us at BalHarbor@miamism.com