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Luxury Real Estate Investors, Take Another Note!

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.

Turnberry Ocean Colony, Luxury Condos for Sale in Sunny Isles Beach

Pictured: Turnberry Ocean Colony

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