Paramount Bay Condos – Market Report for May 2014

Paramount Bay Condos Real Estate Market Report

There are currently 32 Paramount Bay Condos for sale: (1 less than last month)

• Highest priced listing is unit PH4602 for $4,899,000 (4 bedrooms / 4.5 bathrooms) **developer unit
• Lowest priced listing is unit 1108 for $679,000 (1 bedroom / 2 bathrooms)
• Pending Sales (properties under contract): 6 (5 more than last month)
• Closed sales in May: 2 (1 more than last month)

The 2 Paramount Bay Condos sold in May 2014 were the following:

• Residence 4101, with Steven G interiors, originally listed in January of 2014 for $1,399,000 and selling for $1,285,000.  With 2 bedrooms / 2.5 bathrooms and 1,751 sf of living space.  ($734/sq.ft.)
• Residence 2207, originally listed in November 2013 for $1,250,000 and selling for $1,185,000 on May 1st — and now showing as an active listing for the same closing price of $1,185,000 ($657/sq.ft.) – with 2 bedrooms plus a den and 2.5 bathrooms, 1,803 sq.ft. of living space.

The average price per square foot at Paramount Bay has been:

• May – $696
• March 2014 – $603
• February 2014 – $599
• January 2014 – $602
• 2013′s average for whole year = $596

There are some gorgeous buildings in pre-construction in the Edgewater area of Miami right now.  If Pre-construction is not your thing and you see the area’s amazing potential, then Paramount Bay should be at the top of your list because of design, amenities and location. 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. We are now also providing these quick services to help with your real estate needs: CHECK YOUR CURRENT HOME VALUE GET A FREE SELLER GUIDE NAME YOUR SELLING PRICE 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