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The Caribbean Condominium Real Estate News-Recap 2010
The Caribbean Condominium Real Estate News-Recap 2010
Here are the 2010 statistics, newsworthy sales and currentlistings for The Caribbean, located at 3737 Collins Avenue, one of the premier luxury condos in Miami Beach FL.
At The Caribbean, there were 28 closed sales in 2010. The average sale price was $1,075,611, or $560 per square foot. They sold on average for 96% of the list price in 72 days (average days on market). The highest sale was for $4,700,000 for Unit PH-4, which was $1,203 per square foot and occurred on July 15, 2010. The lowest sale was for $235,804 for Unit N-306, which was $704 per square foot and occurred on January 26, 2010.
With 9 condos currently available for sale, the current absorption rate is about 4 months to sell all the inventory. There are 3 condos at The Caribbean that are currently in contract or pending sale.
Right now, the least expensive condo for sale at The Caribbean is unit N-507 for $479,000, which has 1 bedroom and 1 bathroom and has 964 square feet of living space. It has been on the market now for 8 days. For photos of the condo and a more detailed description of the unit, ... more

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