Morningside Real Estate News-Recap of 2010

Morningside Real Estate News-Recap of 2010

For single family homes in Morningside, here are the 2010 statistics, newsworthy sales and listings for sale there.

In Morningside, there were 22 closed sales in 2010 of which one was waterfront property. The average sale price was $557,205, or $217 per square foot. They sold on average for 89% of the list price in 204 days (average days on market). The highest sale was for $2,200,000 located at 5811 N Bayshore DR, which was $484 per square foot and occurred on March 31, 2010. The lowest sale was for $120,000 located at 469 NE 59 St, which was $91 per square foot and occurred on March 31, 2010. Two houses in Morningside are currently in contract or pending sale.

With 19 homes currently available for sale, the current absorption rate is about 10 months to sell all of the current inventory.

Right now, the least expensive home for sale in Morningside is for $220,000 located at 5946 NE 5 Av. It has 4 bedrooms, 2 bathrooms, 2,396 square feet of living space and is located on a lot size of 7,699 square feet. It has been on the market now for 22 days. For photos of the home and a more detailed description, visit this website page Morningside, 5946 NE 5 Av.

Waterfront Properties on Morningside

In Morningside, there was one waterfront property that closed (sold) in 2010. The sales price was $2,200,000, or $484  per square foot and sold for 88% of the list price in 88 days (average days on market).

With 2 waterfront homes currently available for sale, the current absorption rate is about 24 months to sell all of the current inventory.

The least expensive waterfront property for sale in Morningside is $3,200,000 and is located at 5851 N Bayshore DR. It has 5 bedrooms, 4 bathrooms, 4,707 square feet of living space and is located on a lot size of 36,750 square feet. It has been on the market now for 553 days. For photos of the home and a more detailed description, visit Morningside, 5851 N Bayshore DR.

The most expensive property for sale in Morningside is $3,290,000 and is located at 5901 N bayshore DR. It has 4 bedrooms, 4 bathrooms, 3,121, square feet of living space and is located on a lot size of 30,100 square feet. It has been on the market now for 357 days. For photos of the home and a more detailed description, visit 5901 N Bayshore Dr., Miami.

To view all of the listings available for sale in Morningside, please go to my website at“Morningside Homes for Sale”

To search for Luxury Single Family Homes by City or Neighborhood, go to - Miami Beach Homes, South Beach Homes, Indian Creek Homes, Star Island Homes, La Gorce Island Homes, North Bay Road Homes, Palm Island Homes, Sunset Islands Homes, Venetian Islands Homes, Hibiscus Island Homes, Golden Beach Homes, Key Biscayne Homes, Gables Estates Homes, Cocoplum Homes, Belle Meade Homes, Bay Point Homes, Morningside Homes, Pinetree Drive Homes, Bay Harbor Islands Homes, Bal Harbour Homes and Miami Shores Homes.

To find Luxury Condos by City and Category, go to any of the following – Penthouses for Sale, Boat Docks, Pet Friendly Condos, South Beach Condos, Miami Beach Condos, Sunny Isles Beach Condos, Bal Harbour Condos, Key Biscayne Condos, Fisher Island Condos, Brickell Condos, Downtown Miami Condos and Best Foreclosure Condo Buys.

For more specific information about a property or for a custom search, please contact Michael Sahlman at The Sahlman Group at 786.553.0697 or email us.

If you are thinking of selling your condo or house and want to market and sell your property worldwide to reach the right buyers quickly and effectively, please contact us directly at 786.553.0697, email us, or fill out this form to learn more aboutour global marketing strategy and receive an immediate response.

I recommend Habitat Design Associates, Inc. to design, renovate and oversee the overall project if you have purchased a condo or a home and need a reliable, competent and honest professional, the owner Cristina is originally from Brazil and has over 20 years of experience as an architect, interior designer and project manager. They have completed over 35 projects for a number of prominent people (including some of my clients). For more information and examples of her work Visit the Habitat Design website or contact them directly at 786.280.6200 or via email.

Please note that the above information is based on data from the southeast Florida MLS as of January 2, 2011.

Copyright © By Michael D. Sahlman, P.A. 2010*Morningside Real Estate News-Recap of 2010*