Fisher Island Housing Market Report for April 2013

Fisher Island Real Estate Market Report

There are currently  55  Fisher Island Condos for sale: (12 less than last month)

• Highest priced listing: $14,995,000 for an exclusive Oceanside (4 bedrooms / 5.5 bathrooms)
• Lowest priced listing: $170,000 for a 1 bedroom / 1 bathroom at Marina Village
• Pending Sales: 19 (5 more than last month)
• Closed sales in April: 6 (2 more than last month)

The Fisher Island Condos sold in April were the following:

• 5344 Fisher Island Dr – Bayview at Fisher Island II- Listed for $3.9 Million and selling for $3.75 Million
• 5331 Fisher Island Dr – Bayview at Fisher Island II – listed for $3.9 Million and selling for $3.4 Million
• 7912 Fisher Island Dr – Oceanside at Fisher  Island – listed for $3.8 Million and selling for $3.3 Million
• 2443 Fisher Island Dr – Bayside Village – listed for $2.85 Million and selling for $2.25 Million
• 7922 Fisher Island Dr – Oceanside at Fisher Island – listed for $2.295 Million and selling for $2.195 Million
• 15714 Fisher Island Dr – Seaside Villas – Foreclosure listed for $425,000 and selling for $435,000

The median sales price in April in Fisher Island was $2.775 Million compared to the median list price of $3.025 Million.  We are getting calls asking for a reason in price discrepancy in the Island giving an impression that prices are all over the place.  That is NOT the case – prices are based on building, location within the island, condition of residence and most importantly, VIEWS!!  Please keep in mind that all units priced under $1 Million will have interior views (garden and street views).  We will be more than glad to explain the differences and help you make a decision on what will work best for you.

Contact us at FisherIsland@miamism.com