North Bay Road Real Estate News-Recap 2010
For single family homes in North Bay Road, here are the 2010 statistics, newsworthy sales and current listings for sale there.
In North Bay Road, there were 19 closed sales in 2010 of which 8 were waterfront properties. The average sale price was $2,899,368, or $550 per square foot. They sold on average for 85% of the list price in 234 days (average days on market). The highest sale was for $12,333,000 located at 6369 N Bay RD, which was $1,347 per square foot and occurred on September 24, 2010. The lowest sale was for $400,000 located at 4465 N Bay RD, which was $158 per square foot and occurred on June 30, 2010. Three houses on North Bay Road are currently in contract or pending sale.
With 34 homes currently available for sale, the current absorption rate is about 21 months to sell all of the current inventory.
Right now, the least expensive home for sale in North Bay Road is for $784,000 located at 5327 N Bay RD. It has 4 bedrooms, 3 bathrooms, 2,213 square feet of living space and is located on a lot size of 7,737 square feet. It has been on the market now for 209 days. For photos of the home and a more detailed description of the unit, please visit this website page North Bay Road, 5327 N Bay RD.
Waterfront Properties on North Bay Road
In North Bay Road, there were 8 waterfront properties that closed (sold) in 2010. The average sales price among those was $5,339,750, or $813 per square foot. Waterfront homes on North Bay Road sold on average for 83% of the list price in 209 days (average days on market).
With 19 waterfront homes currently available for sale, the current absorption rate is about 42% or 29 months to sell all of the current inventory.
The least expensive waterfront property for sale in North Bay Road is $1,895,000 and is located at 3166 N Bay RD. It has 4 bedrooms, 3 bathrooms, 2,873 square feet of living space and is located on a lot size of 16,366 square feet. It has been on the market now for 93 days. For photos of the home and a more detailed description, please visit North Bay Road, 3166 N Bay RD.
The most expensive property for sale in North Bay Road is $29,000,000 and is located at 5800 N Bay RD. It has 7 bedrooms, 8 bathrooms, 12,153 square feet of living space and is located on a lot size of 52,881 square feet. It has been on the market now for 108 days. For photos of the most expensive home in North Bay Road and more information, visit 5800 N Bay RD, North Bay Road.
To view all of the listings available for sale in North Bay Road, please go to my website at “North Bay Road Homes for Sale”
To search for Luxury Single Family Homes by City or Neighborhood, go to - Miami Beach Homes, South Beach Homes, Indian Creek Homes, Star Island Homes, La Gorce Island Homes, North Bay Road Homes, Palm Island Homes, Sunset Islands Homes, Venetian Islands Homes, Hibiscus Island Homes, Golden Beach Homes, Key Biscayne Homes, Gables Estates Homes, Cocoplum Homes, Belle Meade Homes, Bay Point Homes, Morningside Homes, Pinetree Drive Homes, Bay Harbor Islands Homes, Bal Harbour Homes and Miami Shores Homes.
To find Luxury Condos by City and Category, go to any of the following – Penthouses for Sale, Boat Docks, Pet Friendly Condos, South Beach Condos, Miami Beach Condos, Sunny Isles Beach Condos, Bal Harbour Condos, Key Biscayne Condos, Fisher Island Condos, Brickell Condos, Downtown Miami Condos and Best Foreclosure Condo Buys.
For more specific information about a property or for a custom search, please contact Michael Sahlman at The Sahlman Group at 786.553.0697 or email us.
If you are thinking of selling your condo or house and want to market and sell your property worldwide to reach the right buyers quickly and effectively, please contact us directly at 786.553.0697, email us, or fill out this form to learn more aboutour global marketing strategy and receive an immediate response.
I highly recommend Habitat Design Associates, Inc. to design, renovate and oversee the overall project if you have purchased a condo or a home and need a reliable, competent and honest professional, the owner Cristina is originally from Brazil and has over 20 years of experience as an architect, interior designer and project manager. They have completed over 35 projects for a number of prominent people (including some of my clients). For more information and examples of her work Visit the Habitat Design website or contact them directly at 786.280.6200 or via email.
Please note that the above information is based on data from the southeast Florida MLS as of January 2, 2011.
Copyright © By Michael D. Sahlman, P.A. 2010* North Bay Road Real Estate News-Recap 2010*
