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Miami Beach Real Estate News-Recap 2010

By Michael Sahlman

Real Estate Agent with www.HomesForVIPs.com - Keller Williams Realty

January 13, 2011 07:38 AM

Miami Beach Real Estate News-Recap 2010

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

In Miami Beach, there were 196 closed sales for 2010 of which 69 were waterfront properties. The average sale price was $1,452,387, or $355 per square foot. They sold on average for 88% of the list price in 192 days (average days on market). The highest sale was for $16,000,000 located at 88 La Gorge CR, which was $931 per square foot and occurred on June 11, 2010. The lowest sale was for $102,500 located at 815 93 ST, which was $79 per square foot and occurred on March 26, 2010. 57 houses on Miami Beach are currently in contract or pending sale.

With 382 homes currently available for sale, the current absorption rate is about 25 months to sell all of the current inventory.

Right now, the least expensive home for sale in Miami Beach is for $194,000 located at 1051 79th ST. It has 2 bedrooms, 1 bathroom, 1,264 square feet of living space. It has been on the market now for 55 days. For photos of the home and a more detailed description of the unit, please visit this website page Miami Beach, 1051 79th ST.

Waterfront Properties on Miami Beach

In Miami Beach, there were 70 waterfront properties that closed (sold) in 2010. The average sales price among those was $2,730,639 or $527 per square foot. Waterfront homes on Miami Beach sold on average for 86% of the list price in 226 days (average days on market).

With 190 waterfront homes currently available for sale, the current absorption rate is about 33 months to sell all of the current inventory.

The least expensive waterfront property for sale in Miami Beach is $395,000 and is located at 1335 Marseilles Dr. It has 2 bedrooms, 2 bathrooms, 2,201 square feet of living space and is located on a lot size of 8,790 square feet. It has been on the market now for 3 days. For photos of the home and a more detailed description of the unit, please visit this website page Miami Beach, 1335 Marseilles Dr.

The most expensive property for sale in Miami Beach is $49,995,000 and is located at 5 Star Island DR. It has 9 bedrooms, 12 bathrooms, located on a lot size of 80,000 square feet. It has been on the market now for 31 days. For photos of the most expensive homes in Miami Beach and more information, visit Miami Beach Most Expensive Homes.

To view all of the listings available for sale in Miami Beach, please go to my website at “Miami Beach 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 highly recommend Habitat Design Associates, Inc. to design, renovate and oversee the overall project if you have already 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.