Miami Beach Condos- Seven Days Closed Sales Stats

Miami Beach Condos

As we begin the fourth quarter of 2011, we are continuing to see incredibly strong demand for Miami Beach waterfront condos. In Miami Beach's South of Fifth neighborhood, my team and I do not detect any slowdown in sales momentum. Despite a much lower condo listing inventory in Miami Beach's South of Fifth neighborhood, there continues to be strong buyer activity and demand. The snapshot of Miami Beach's condo stats below shows closed sales of the past SEVEN days for Miami Beach condos. This represents condos sold for above $500,000 for zip codes 33139, 33140, and 33141. The seven days closed sales average of listed & sold condo prices are highlighted at the very bottom of this blog post. I previously highlighted the past ninety days of Miami Beach condos closed sales, which makes this seven day sales snapshot (during Miami Beach's "low" Fall season) particularly impressive!

In Miami Beach's South of Fifth condo market, I've highlighted the latest Continuum South Beach three bedroom direct oceanfront condo sale which closed for $1,400/S.F. The physical address of this condo is located at 100 South Pointe Drive #3004, Miami Beach, 33139. This latest Continuum condo sale represents a premium of 10% ABOVE the average closed sales prices. There are two other IDENTICAL condos that sold in April, 2011 (#1103 and #3204) for an average price of $3,060,000. For both homes and condos, this trend is another example of the strength, and continuing price recovery, of Miami Beach's real estate market.

Miami Beach Condos- Seven Days Closed Sales- October, 2011
Sale DateMiami Beach AddressMiami Beach Condo Living AreaSales PriceSP$/SqFt
10/10/2011100 S POINTE DR # 3004CONTINUUM ON SOUTH BEACH2,508 $ 3,495,000 $ 1,394
10/7/20116899 COLLINS AV # 2604Canyon Ranch North Tower2,150 $ 2,053,250 $ 955
10/7/201150 S POINTE DR # 1907CONTINUUM NORTH TOWER1,486 $ 1,700,000 $ 1,144
10/11/20112201 Collins Ave # 1414W South Beach Residences1,151 $ 1,850,000 $ 1,607
10/7/20111445 16 ST # B101CAPRI SOUTH BEACH1,699 $ 1,088,000 $ 640
10/5/20115875 COLLINS AVE # PH6MEI CONDOMINIUM1,707 $ 1,000,000 $ 586
10/10/20114779 COLLINS AV # 1802BLUE DIAMOND1,530 $ 890,000 $ 582
10/6/2011400 S POINTE DR # 1110SOUTH POINTE TOWERS1,559 $ 860,000 $ 552
Seven Days Closed Average:Living Area S.F : 1,724 Price: $ 1,617,031 $/SF: 932