North Bay Village Real Estate News-Recap of 2010

North Bay Village Real Estate News-Recap of 2010

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

In North Bay Village, there were 10 closed sales in 2010 of which 2 were waterfront properties. The average sale price was $495,600, or $199 per square foot. They sold on average for 95% of the list price in 147 days (average days on market). The highest sale was for $2,000,000 located at 1365 Bay TE, which was $535 per square foot and occurred on January 25, 2010. The lowest sale was for $185,000 located at 7513 Adventure Av, which was $96 per square foot and occurred on January 5, 2010. Two houses on North Bay Village are currently in contract or pending sale.

With 15 homes currently available for sale, the current absorption rate is about 18 months to sell all of the current inventory.

Right now, the least expensive home for sale in North Bay Village is $269.000 located at 7549 W Treasure DR. It has 3 bedrooms, 2 bathrooms, 1,450 square feet of living space and is located on a lot size of 7,140 square feet. It has been on the market now for 94 days. For photos of the home and a more detailed description, visit North Bay Village, 7549 W Treasure DR.

Waterfront Properties on North Bay Village

In North Bay Village, there were 2 waterfront properties that closed (sold) in 2010. The average sales price among those was $1,500,000, or $478  per square foot. Waterfront homes on North Bay Village sold on average for 85% of the list price in 134 days (average days on market).

With 5 waterfront homes currently available for sale, the current absorption rate is about 30 months to sell all of the current inventory.

The least expensive waterfront property for sale in North Bay Village is $999,000 and is located at 7531 Beach View DR. It has 3 bedrooms, 3 bathrooms, 2,355 square feet of living space and is located on a lot size of 2,355 square feet. It has been on the market now for 9,355 days. For photos of the home and a more detailed description, visit North Bay Village, 7531 Beach View DR.

The most expensive property for sale in North Bay Village is $3,750,000 and is located at 7430 Miami View DR. It has 4 bedrooms, 4 bathrooms, 4,550 square feet of living space and is located on a lot size of 12,075 square feet. It has been on the market now for 313 days. For photos of the most expensive home in North Bay Village and more information, visit 7430 Miami View Dr, North Bay Village.

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