We haven’t posted in a while, because we have been very busy with buyers looking for great opportunites as well as with institutional buyers looking for bulk sales. There is plenty of activity in the market. Â Active buyers in luxury oceanfront buildings are picking the best line units in buildings, taking advantage of the “buyers market” that exists.Â
To provide you with an idea of the sales activity of oceanfront condos, here is a sampling of  closed sales for the past 6 months in South Florida.Â
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- One Bal Harbour. Bal Harbour– 6 closed sales all over $1.3 million-NOTE:Â Â Unit 208 Originally listed at $3.1 million closed for $2.2 million, one of the most desirable units
- Turnberry Ocean Colony, Sunny Isles – 4 closed sales from $1.1 million and up
- Continuum, South Beach– 6 closed sales all over $1.1 million
- Beach Club Hallandale Tower One– 13 closed sales- 5 direct ocean units starting at $550,000.
Furthermore, in new condo sales, most of the new construction developments have slashed their prices significantly. Â The Mei, Miami Beach, for example, is reporting 20 closed sales in the month of April !Â
Oceanfront condos in Miami Beach, Fort Lauderdale and Palm Beach are selling !Â
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Tags: Boca Raton, buying opportunity, Fort Lauderdale, Miami Beach, Oceanfront Condos, Palm Beach, Sales Activity
