Bal Harbour Real Estate News-Recap 2010

Bal Harbour Real Estate News-Recap 2010

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

In Bal Harbour, there were 3 closed sales in 2010 of which 1 was a waterfront property. The average sale price was $2,433,333, or $556 per square foot. They sold on average for 79% of the list price in 151 days (average days on market). The highest sale was for $3,000,000 located at 110 Camden DR, which was $540 per square foot and occurred on February 12, 2010. The lowest sale was for $1,500,000 located at 97 Camden DR, which was $419 per square foot and occurred on November 19, 2010. One house on Bal Harbour is currently in contract or pending sale.

With 16 homes currently available for sale, the current absorption rate is about 64 months to sell all of the current inventory.

Right now, the least expensive home for sale in Bal Harbour is for $1,086,000 located at 232 Park DR. It has 3 bedrooms, 3 bathrooms, 1,991 square feet of living space and is located on a lot size of 10,800 square feet. It has been on the market now for 160 days. For photos of the home and a more detailed description, visit Bal Harbour, 232 Park DR.

Waterfront Properties on Bal Harbour

In Bal Harbour, there was 1 waterfront property that closed (sold) in 2010 for $2,800,000, or $708  per square foot, and it sold for 80% of the list price in 118 days (average days on market).

With 5 waterfront homes currently available for sale, the current absorption rate is about 60 months to sell all of the current inventory.

The least expensive waterfront property for sale in Bal Harbour is $3,200,000 and is located at 268 Park DR. It has 7 bedrooms, 6 bathrooms, 6,986 square feet of living space and is located on a lot size of 15,825 square feet. It has been on the market now for 181 days. For photos of the home and a more detailed description, visit Bal Harbour, 268 Park DR.

The most expensive property for sale in Bal Harbour is $10,900,000 and is located at 56 Bal Bay DR. It has 9 bedrooms, 10 bathrooms, 12,000 square feet of living space and is located on a lot size of 21,225 square feet. It has been on the market now for 780 days. For photos of the most expensive home in Bal Harbour and more information, visit 56 Bal Bay DR, Bal Harbour.

To view all of the listings available for sale in Bal Harbour, please go to my website at “Bal Harbour 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*Bal Harbour Real Estate News-Recap 2010*