I have worked with several clients over the last few months that have been interested in One Bal Harbour. I have been kept up to date by the developer on units that they had for sale. Some units came back to them when original purchasers did not close. The number of developer units remaining consistently declined week after week. They are selling them all. Everytime I went to One Bal Harbour with a client, the property was busy with buyers everywhere. Last time I was there, the units we went to were also being seen by a very well known celebrity.
Luxury oceanfront condominiums in South Florida certainly do not appear to be adversly affected by the state of the economy or the current conditions of the national housing market. Here are some interesting facts to support this statement:
One Bal Harbour– Luxury Oceanfront Condo in Bal Harbour.
To view all listings currently on the market at One Bal Harbour Click Here.
- Currently there are 13 condominiums pending closing sale
- Price Range of the 13 units pending are from a low of $1,150,000 to a high of $13,500,000
- 8 of the units pending are offered at a price that exceeds $2,000,000
- There have been 27 closed sales in the last 6 months
- There are approximately 68 units on the market out of 185. About 37%. (revised)
In Miami-Oceanfront condos
- In the last 60 days, there has been 47 closed sales of oceanfront condos exceeding $1 million
- There are 54 sales pending to close that had a listing price over $1million
In Fort Lauderdale-Oceanfront Condos
- In the last 60 days, there has been 11 closed sales of oceanfront condos exceeding $1 million
- There are 40 pending sales over $1 million
- 19 of the pending sales are over $2 million
- An Oceanfront Condo over 6000 square feet listed for $7,550,000 has gone to pending. When it closes it will be the highest recorded oceanfront condo sale in Broward county this year.
We have written about the brisk luxury oceanfront condo market before. There are active buyers out there looking for the really good properties! The data speaks for itself!!
Tags: Luxury Oceanfront Condos Bal Harbour, Luxury Oceanfront condos Fort Lauderdale, luxury oceanfront condos miami, One Bal Harbour
