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July 18, 2017
Investors, take note!
In the resale market, we are seeing an increase in inventory, with an extended number of days on the market. The longer a condominium stays on the market, the more antsy sellers become to unload their properties. The sampling below outlines the average number of days on the market for active listings in these select luxury properties. It is currently averaging close to 6 months. Furthermore, the number of sales in a year in each of these buildings is dramatically low.
Building Name Total # Units # for Sale # Sold in 365 Days % for Sale #ADOMactive Sq.Ft. Range Price Range
Trump Hollywood 200 25 3 13% 191 1886-8926 $1.449-$9.995 Million
Turnberry Ocean Colony 260 31 4 12% 161 2245-3735 $1.995-$6.2 Million
Jade Ocean 250 46 9 18% 175 858-6518 $965K-8.985 Million
Jade Beach 248 37 3 15% 163 862-8282 $849K-$9.5 Million
We have successfully worked with investors and end users for years finding “the perfect deal”. Timing is upon us!
For the most comprehensive information on all luxury condos for sale in South Florida, contact Niki Higgins at +1-954-817-2500 or +1-888-242-4422.
Pictured: Turnberry Ocean Colony
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