Miami Beach and New York City Real Estate - Wow is that a window in your kitchen?! Real estate really is relative isn't it? This post was inspired by a recent comment from a colleague in North Carolina about the cost of living in Miami. Some friends were visiting some relatives of mine yesterday and they remarked on what a great apartment they had, and then it struck me. This really is a great apartment for Manhattan.
I realized that I had become jaded in less than 7 years (since I moved from New York) and for a moment did not fully appreciate the value of a little light or a window in a Manhattan apartment since our Miami Beach condo is so bright that I have to wear sunglasses sometimes.
Having grown up in the Big Apple, I can really appreciate the value of having an apartment with light that actually has some space. Now a window in the kitchen is really a bonus. Here in Manhattan having a decent sized closet is a big deal, so windows and light and a kitchen with some space means you've hit the big time. I was in shock when I moved to Miami Beach and discovered that $500,000 buys you a large two bedroom condo (1,500 square feet) with a balcony, water views and amenities, whereas, in Manhattan you are lucky to find a 600 square foot one bedroom for that price. Sorry about the photo below...I could not resist.
Then again I love Manhattan and the New Yawkers. There is an energy here that you find in very few cities. It is a very tempting lifestyle with many things within walking distance open practically all the time. In Miami, you need a car for most things. Then again, in other areas of the country, you need a quarter of a tank of gas to go some places.
Now that I am returning back to Miami Beach, I am reminded how much I value each city and area. I am sure that many people feel the same way about where they live now whether it is in North Carolina, Colorado, Texas or most other states and cities. Each offers something unique to each person. Unless you travel a lot, it is hard to fully appreciate the different cities, counties and states.
Contact Michael Sahlman, P.A., e-PRO, IRES, CDPE and Cristina Euripedes-Sahlman, Realtors®, Keller Williams Realty Licensed Realtors® in Florida at 786-553-0697 to list your property for sale or to purchase a property in Miami Beach, South Beach, Fisher Island, Bal Harbour, Sunny Isles Beach, Surfside and the rest of Miami-Dade County Florida and southeastern Broward County Florida. We are accepting referrals.
Call us today at 786.553.0697 or Toll Free 800.475.3430. Contact us by email if you prefer by clicking on email me on the right side of this page under our profile.
To view all the Miami Beach Luxury Condos and Homes For Sale Click here. We know the nearby areas in Miami and all of Miami Dade County, as well as most of Broward County; we will help you get your home Sold if you need to Sell your home and help you buy your Miami Beach Condo or Home; call us today at 786.553.0697.
Disclaimer: The information provided herein is supplied by several sources including the southeast Florida MLS and is subject to change without notice. Miami Beach and South Beach Real Estate Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Miami Beach and South Beach Real Estate Blog represent the opinions and ideas of the author(s). Miami Beach and South Beach Real Estate Blog does not express the views of the broker.
For more information about real estate in Miami, Miami Beach, South Beach, Sunny Isles and the surrounding areas, contact us at 786.553.0697, email us, or visit our award winning website at www.HomesForVIPs.com. We are here to help you learn more about the different areas and to assist you in buying, selling or investing here in South Florida. As licensed Florida real estate agents, we are also certified as e-PROs and International Real Estate Specialists. We speak English, Spanish, Portuguese and French.
Copyright © 2008 By Michael Sahlman, P.A., All Rights Reserved.* Miami Beach and New York City Real Estate - Wow is that a window in your kitchen?! *
Miami Beach Homes Real Estate Report and Analysis -A Sellers and Buyers Guide to buying and selling homes in Miami Beach.
Year to date there have been 94 closed sales of single family homes in Miami Beach so far in 2008. This report will give you some perspective on what those prices really mean in terms of price per square foot in each price range and how that compares with those currently listed for sale in the Miami Beach area.
Right now there are 452 homes listed for sale in Miami Beach.
There is a distinctive difference between the listing prices in general and the homes that are listed to sell, or in other words priced right. The current average listing price in Miami Beach for all price ranges is $2,717,135, which is $629 per square foot. The average selling price for all homes that were sold in 2008 was $2,485,660 or $571 per square foot. The average selling price was 87% of the average list price (which was $650 per square foot on average at the time they were sold) and was on the market an average of 185 days. Prices have declined slightly since the beginning of the year.
For 2008, in Miami Beach only 1 house out of every 40 that is available for sale actually sells each month, so if your home is not one of the best priced homes in that particular price range, it most likely will not sell, and unless the price is adjusted to put it in contention to compete against the other homes, it may take a very long time to sell. Many people lose their patience and let the listing expire or cancel them when they are not priced right. The absorption rate (the amount of time to sell all of the current supply or inventory) is approximately 40 months based on the number of houses sold (94) so far in 2008 (254 days).
Average days on market is 185 days, which is the length of time a house is on the market (from the listing date until it goes into contract). This does not include the time it takes to actually close from when it went into contract, which averages about 60 days right now. What is telling about this number is that only if your house is priced right in Miami Beach, it will take approximately 245 days to actually close based on the information reported through various sources.
Contact Michael Sahlman, P.A.,e-PRO, IRES, CDPE and Cristina Euripedes-Sahlman, Realtors®, Keller Williams Realty Licensed Realtors® in Florida at 786-553-0697 to list your property for sale or to purchase a property in Miami Beach, South Beach, Fisher Island, Bal Harbour, Sunny Isles Beach, Surfside and the rest of Miami-Dade County Florida and southeastern Broward County Florida. We are accepting referrals.
Call us today at 786.553.0697 or Toll Free 800.475.3430. Contact us by email if you prefer by clicking on email me on the right side of this page under our profile.
To view all the Miami Beach Luxury Condos and Homes For Sale Click here. We know the nearby areas in Miami and all of Miami Dade County, as well as most of Broward County; we will help you get your home Sold if you need to Sell your home and help you buy your Miami Beach Condo or Home; call us today at 786.553.0697.
Disclaimer: The information provided herein is supplied by several sources including the southeast Florida MLS and is subject to change without notice. Miami Beach and South Beach Real Estate Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Miami Beach and South Beach Real Estate Blog represent the opinions and ideas of the author(s). Miami Beach and South Beach Real Estate Blog does not express the views of the broker.
For more information about this report and real estate in Miami, Miami Beach, South Beach, Sunny Isles and the surrounding areas, contact us at 786.553.0697, email us, or visit our award winning website at www.HomesForVIPs.com. We are here to help you learn more about the different areas and to assist you in buying, selling or investing here in South Florida. As licensed Florida real estate agents, we are also certified as e-PROs and International Real Estate Specialists. We speak English, Spanish, Portuguese and French.
Copyright © 2008 By Michael Sahlman All Rights Reserved.* Miami Beach Homes Real Estate Report and Analysis -A Sellers and Buyers Guide to buying and selling homes in Miami Beach.*
Continuum II North Tower - Miami Beach Luxury Condos Report
Continuum II North Tower currently has 47 condos listed for saleand is located at 50 South Pointe Drive in the South Beach area of Miami Beach. They range in price from $650,000 for a 650 sf (SqFt) 1 bedroom/1 bath condo to $7.9 million for a 4 bedroom/5 bath condo with 5,248 sf of interior living space. The average list price is $2,945,445 at $1,261/sf.
Year-to-date there have been 10 closed sales at Continuum II North Tower. Sales ranged from $1.2 million for a 2 bedroom/2 bath (1,486 sf) to $3.7 million for a 4 bedroom/4 bath (2,264 sf) condo at an average selling price of $2,074,500 at $859/sf, which averaged 95% of the list price with average days on market of 90 days, which seems kind of short.
Note that this building was just recently completed, so the numbers here are somewhat skewed due to lack of time on the market.
The current absorption rate is 14 months based on the supply and demand numbers above.
Contact Michael Sahlman, P.A.,e-PRO, IRES, CDPE and Cristina Euripedes-Sahlman, Realtors®, Keller Williams RealtyLicensed Realtors® in Florida at 786-553-0697 to list your property for sale or to purchase a property in Miami Beach, South Beach, Fisher Island, Bal Harbour, Sunny Isles Beach, Surfside and the rest of Miami-Dade County Florida and southeastern Broward County Florida. We are accepting referrals.
Call us today at 786.553.0697 or Toll Free 800.475.3430. Contact us by email if you prefer by clicking on email me on the right side of this page under our profile.
To view all the Miami Beach Luxury Condos and Homes For Sale Click here. We know the nearby areas in Miami and all of Miami Dade County, as well as most of Broward County; we will help you get your home Sold if you need to Sell your home and help you buy your Miami Beach Condo or Home; call us today at 786.553.0697.
Disclaimer: The information provided herein is supplied by several sources including the southeast Florida MLS and is subject to change without notice. Miami Beach and South Beach Real Estate Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Miami Beach and South Beach Real Estate Blog represent the opinions and ideas of the author(s). Miami Beach and South Beach Real Estate Blog does not express the views of the broker.
For more information about Continuum II North Tower and real estate in South Beach, Miami, Miami Beach, Sunny Isles and the surrounding areas, contact us at 786.553.0697, email us, or visit our award winning website at www.HomesForVIPs.com. We are here to help you learn more about the different areas and to assist you in buying, selling or investing here in South Florida. As licensed Florida real estate agents, we are also certified as e-PROs and International Real Estate Specialists. We speak English, Spanish, Portuguese and French.
Copyright © 2008 By Michael Sahlman, P.A., All Rights Reserved.* Continuum II North Tower - Miami Beach Luxury Condos Report*
Continuum 1 South Tower - Miami Beach Luxury Condos Report
Continuum 1 South Tower currently has 28 condos listed for saleand is located at 100 South Pointe Drive in the South Beach area of Miami Beach. They range in price from $990,000 for a 1,201 sf (SqFt) 1 bedroom/1 bath condo to $7.9 million for a 5 bedroom/5 bath condo with 4,973 sf of interior living space. The average list price is $2,619,321 at $1,224/sf.
Year-to-date there have been 17 closed sales at Continuum 1 South Tower. Sales ranged from $1,325,000 for a 2 bedroom/2 bath (1,591 sf) to $6.025 million for a 4 bedroom/4 bath (4,378 sf) condo at an average selling price of $2,741,471 at $1,127/sf, which averaged 90% of the list price with average days on market of 188 days.
The current absorption rate is 14 months based on the supply and demand numbers above.
Continuum II North Tower and Continuum 1 South Tower (on the right)
13 acres of pools, town homes and landscaped grounds
Contact Michael Sahlman, P.A.,e-PRO, IRES, CDPE and Cristina Euripedes-Sahlman, Realtors®, Keller Williams RealtyLicensed Realtors® in Florida at 786-553-0697 to list your property for sale or to purchase a property in Miami Beach, South Beach, Fisher Island, Bal Harbour, Sunny Isles Beach, Surfside and the rest of Miami-Dade County Florida and southeastern Broward County Florida. We are accepting referrals.
Call us today at 786.553.0697 or Toll Free 800.475.3430. Contact us by email if you prefer by clicking on email me on the right side of this page under our profile.
To view all the Miami Beach Luxury Condos and Homes For Sale Click here. We know the nearby areas in Miami and all of Miami Dade County, as well as most of Broward County; we will help you get your home Sold if you need to Sell your home and help you buy your Miami Beach Condo or Home; call us today at 786.553.0697.
Disclaimer: The information provided herein is supplied by several sources including the southeast Florida MLS and is subject to change without notice. Miami Beach and South Beach Real Estate Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Miami Beach and South Beach Real Estate Blog represent the opinions and ideas of the author(s). Miami Beach and South Beach Real Estate Blog does not express the views of the broker.
For more information about Continuum 1 South Tower and real estate in South Beach, Miami, Miami Beach, Sunny Isles and the surrounding areas, contact us at 786.553.0697, email us, or visit our award winning website at www.HomesForVIPs.com. We are here to help you learn more about the different areas and to assist you in buying, selling or investing here in South Florida. As licensed Florida real estate agents, we are also certified as e-PROs and International Real Estate Specialists. We speak English, Spanish, Portuguese and French.
Copyright © 2008 By Michael Sahlman, P.A., All Rights Reserved.* Continuum 1 South Tower - Miami Beach Luxury Condos Report*
The Lexi Condos in North Bay Village- Miami Beach Luxury Condos Report
The Lexi currently has 28 condos listed for sale and is located at 1700 Kennedy Causeway in North Bay Village, which is a group of 3 islands across the bridge from Miami Beach. They range in price from $340,000 for a 1,458 sf (SqFt) 2 bedroom/2 bath condo to $699,000 for a 3 bedroom/2 bath condo with 1,760 sf of interior living space. The average list price is $495,604 at $303/sf.
As this is new construction, year-to-date there have been no sales as per the MLS or in the tax roll.
Even in this buyers' market, the Lexi offers an exceptional value at under $300 per sf in most cases. Large floor plans with spectacular wide bay views in an amenity-rich building at very affordable prices. One of the most attractive features is the size of the condos (or you can even call them residences), which range in size from 1,458 to 1,753 sq. ft. under air. 10 foot ceilings, over-sized sliding glass doors, and bay windows also add to the open-air feeling. Each unit offers over-sized terraces, which allow residents to fully enjoy the sweeping panoramic views of Biscayne Bay. The central location makes the Lexi a very convenient place to live. It is within 15-20 minutes of the Miami Airport, South Beach, Bal Harbour Malls, the Beaches (3 miles) and downtown Miami. See below for photos and a list of the amenities that make this building very attractive.
Another benefit to homeowners is the lifestyle that the Lexi offers, which is a rarity at this price point. Building amenities include the following:
Contact Michael Sahlman, P.A.,e-PRO, IRES, CDPE and Cristina Euripedes-Sahlman, Realtors®, Keller Williams RealtyLicensed Realtors® in Florida at 786-553-0697 to list your property for sale or to purchase a property in Miami Beach, South Beach, Fisher Island, Bal Harbour, Sunny Isles Beach, Surfside and the rest of Miami-Dade County Florida and southeastern Broward County Florida. We are accepting referrals.
Call us today at 786.553.0697 or Toll Free 800.475.3430. Contact us by email if you prefer by clicking on email me on the right side of this page under our profile.
To view all the Miami Beach Luxury Condos and Homes For Sale Click here. We know the nearby areas in Miami and all of Miami Dade County, as well as most of Broward County; we will help you get your home Sold if you need to Sell your home and help you buy your Miami Beach Condo or Home; call us today at 786.553.0697.
Disclaimer: The information provided herein is supplied by several sources including the southeast Florida MLS and is subject to change without notice. Miami Beach and South Beach Real Estate Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Miami Beach and South Beach Real Estate Blog represent the opinions and ideas of the author(s). Miami Beach and South Beach Real Estate Blog does not express the views of the broker.
For more information about The Lexi and real estate in South Beach, Miami, Miami Beach, North Bay Village, Sunny Isles and the surrounding areas, contact us at 786.553.0697, email us, or visit our award winning website at www.HomesForVIPs.com. We are here to help you learn more about the different areas and to assist you in buying, selling or investing here in South Florida. As licensed Florida real estate agents, we are also certified as e-PROs and International Real Estate Specialists. We speak English, Spanish, Portuguese and French.
Copyright © 2008 By Michael Sahlman, P.A., All Rights Reserved.* The Lexi North Bay Village- Miami Beach Luxury Condos Report*
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Miami Beach, South Beach Waterfront Real Estate Experts-Michael & Cristina live there and specialize in selling oceanfront condos and luxury homes internationally. Spanish, Portuguese & French spoken.
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