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Key Biscayne Condo Activity So Far in 2010?

There are currently 366 condominium units for sale on Key Biscayne.  In addition, there are 10 Ocean Club Cabanas for sale.  To clear up any confusion, in order  to purchase a cabana you must first own a residence at The Ocean Club.  Of these 366 active properties, 22 are SHORT SALES and 2 are REOs (bank owned).  Below you will find the Market Statistics for all active CONDOS on Key Biscayne.

Property Type: Condo/Coop/Villa/Twnhse (RE2) Status: Active-Available Number of Properties: 366
  Beds Baths SqFt Listing Price LP/SqFt Selling Price SP/SqFt SP/LP DOM
High 6 6 5,403 $6,290,000 $1,848 $0 $0 0% 15
Low 0 1 300 $125,000 $153 $0 $0 0% 15
Average 2.21 2.25 1,739.76 $1,023,789 $560 $0 $0 0% 15
Median 2 2 1,546 $695,000 $485 $0 $0 0% 15

 

Key Biscayne PENDING Sales are as follows:

Property Type: Condo/Coop/Villa/Twnhse (RE2) Status: Pending Sale Number of Properties: 25
  Beds Baths SqFt Listing Price LP/SqFt Selling Price SP/SqFt SP/LP DOM
High 4 4 3,420 $1,999,000 $664 $0 $0 0% 931
Low 0 1 410 $79,000 $193 $0 $0 0% 3
Average 2.08 2.12 1,560.78 $702,792 $404 $0 $0 0% 216.4
Median 2 2 1,409 $595,000 $407 $0 $0 0% 132

 

Thus far into 2010,  there have been 10 closed condominium sales.  Here are the statistics on those properties…

Property Type: Condo/Coop/Villa/Twnhse (RE2) Status: Closed Sale Number of Properties: 10
  Beds Baths SqFt Listing Price LP/SqFt Selling Price SP/SqFt SP/LP DOM
High 3 4 3,084 $2,100,000 $681 $2,050,000 $665 98.18% 882
Low 2 2 1,040 $295,000 $283 $265,000 $255 86.87% 0
Average 2.2 2.3 1,541.1 $688,970 $417 $646,500 $389 92.52% 171.6
Median 2 2 1,389.5 $527,500 $379 $480,000 $333 92.37% 92

 

 

For more detailed information, please contact me directly at 786.269.9683, or email jill@jillolcott.com.

 

Thank you and have a WONDERFUL Day!

Jill

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4 Responses to “Key Biscayne Condo Activity So Far in 2010?”

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