Recent Sales Activity at One Bal Harbour and Other Luxury Oceanfront Condominiums

Summer is definitely off season for tourists in South Florida.  Tourists are gone, the hotels and beaches are quiet and traffic is flowing quite well.

However, Oceanfront Condo Sales Activity are not off season.  There has been some serious buying activity going on this summer.  One Bal Harbour, recently had 2 condos go to contract.  Unit 609 Listed at $2,995,000 and Unit 1809 Listed at $3,395,000. Other notable transactions this summer have been the Penthouse at the Jade Beach listed for $11,000.000, The Continuum unit 1804 listed for $8,395,000 and the Penthouse at the Acqualina listed for $5,200,000.

It is expected that this coming fall and winter season Miami Beach and Fort Lauderdale Luxury Oceanfront Condos are going to continue to experience an increase in sales activity.  I believe the summer activity is quite indicative of what is coming this season.  The profile of many of the buyers that I work with are second or third home acquisitions that they plan on using periodically and keeping long term.  There are many investors out in the market as well looking for long term appreciation.

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