Paramount Bay Condos – Market Report for November 2014
Paramount Bay Condos Real Estate Market Report
There are currently 31 Paramount Bay Condos for sale: (1 less than last month)
- Highest priced listing is unit PH4602 $4,899,000 (4 bedroom / 4.5 bathroom Artefacto premier designer unit)
- Lowest priced listing is unit 1209 for $780,000 (1 bedroom / 2 bathrooms)
- Pending Sales (properties under contract): 7 (3 more than last month)
- Closed sales in November: 4 (1 more than last month)
The Paramount Bay Condos sold in November 2014 were the following:
- unit 3105 – 2 bedroom / 2 bathroom residence with 1,147 sq.ft. of living space – originally listed for $800,000 in April of 2014, reduced to $779,000 and selling for $730,000 ($636/sq.ft.)
- unit 1008 – 2 bedroom / 2 bathroom residence with 1,214 sq.ft. of living space – originally listed for $850,000 in June of 2014, reduced to $839,900 and selling for $790,000 ($651/sq.f.t)
- unit 2907 – 2 bedroom / 2.5 bathroom residence with 1,803 sq.ft. of living space – originally listed for $1,499,000 in April of 2014, reduced to $1,450,000 and selling for $1,290,000 ($715/sq.ft.)
- unit 2902 – 3 bedroom / 3.5 bathroom residence with 2,201 sq.ft. of living space – listed for $2 Million in August and selling for $1,900,000 ($863/sq.ft.)
The average price per square foot in November was $716, compared to
- October’s average of $690
- September’s average of $609
- 2013’s average of $596
Paramount Bay is our first choice for condos in Edgewater Miami but there are a lot of choices when it comes to pre-construction, like Paraiso Bay Views, for example. It’s exciting to see sold out projects actually being topped off right now or close to it. If you bought pre-construction in one of these projects, expect to see resales in the next few months. January will kick off with a bang with a lot of new inventory and a lot of new demand, it happens every year! So contact us to list your Paramount Bay condo today.
PLEASE CALL US FOR A LISTING PRESENTATION
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:
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.
Condo Name: Paramount Bay
Architecture: Arquitectonica
Interior Design: Lenny Kravitz
Location: 2020 N Bayshore Dr – Miami, FL 33137
Contact: paramountbay@miamism.com
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