Canyon Ranch Miami Beach Condo Sales-12 Month Review


As we move into the summer months, this is a good time reflect on real estate activity at Canyon Ranch Miami Beach for the past 12 months.

All along the coast in South Florida, sales for direct oceanfront condominiums were dramatically up.  In some buildings, inventories reached unprecedented low levels, especially for condominiums with the most desirable direct oceanfront views and priced well.

In line with the rest of the market along the coast in Miami Beach, Bal Harbour, Sunny Isles, Hallandale/Hollywood, Fort Lauderdale and Boca Raton, Canyon Ranch appreciated tremendous sales activity.

Here is a recap of closed sales in each tower for the past 12 months( data is sourced from the IMAPP tax records):

South Tower– 31 closed sales.  Closed prices ranged from a low of $280,000( foreclosure) to a high of $2.5 million.

Carillon Tower- 39 closed sales.  17 condo hotel units and 22 condominiums on floors 11-14.  Prices ranged from a low of $250,000 to a high of $660,000.

North Tower- 19 closed sales- Prices ranged from a low of $488,000 to a high of $2,185,000.

We proudly participated in many of the successful transactions representing buyers, sellers or both.  We successful sold many of our listings this past season.

Although, we have entered our traditionally slow season, activity is still prevalent with over a dozen units under contract pending closings.

Our expectations for the upcoming winter season continue to be strongly optimistic as Canyon Ranch continues to receive world wide recognition and positive press.

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