9 condos and houses sold in April with sales prices that were 89% of asking price. The average sales price was $1,374,000 and the median price was $1,595,000 and stayed on the market for 138 days. Call 1-800-639-3520 Ext. 9029 for Free Reports on Bal Harbour (our 24-hour recorded info line).
There are currently 274 homes and condos for sale in Bal Harbour. 5 of the 9 sales last month were resales at One Bal Harbour, a premier condo development that is still showing surprising strength despite a difficult market for most sellers. For customized, detailed reports and research from one of the leading real estate experts in the area, please contact Michael Sahlman at the toll free number above or call me directly at 786.553.0697. You can also email us at Info@HomesForVIPs.com. These reports show recent sales, available stats and facts and trends reports by zip code, area, city and/or building, and provide clients with an overall snapshot of inventory, closed sales, avg. sales price, sale price compared to list price, days on market and months of inventory.
Bal Harbour continues to be a very attractive area for investing although it would not be a good idea to look for short-term gains right now. As long as you can hold your property for at least 3 to 5 years, you should be fine. Waterfront property, especially, will continue to be the best investment. One Bal Harbour is an excellent condo. It shares the amenities of the Regent Hotel next door. Other excellent properties are Bellini and Majestic Tower.
Resort areas like Bal Harbour are always in high demand and will continue to attract baby boomers, snowbirds, investors, celebrities, buyers and foreign buyers. The dollar is very weak in Europe, so look for increased investment from there as well as other foreign countries where there is political unrest and unstable economies (i.e. South America). There are few major cities in the U.S. that have the appeal, and its location is easily accessible from South America and Europe. Property prices are low (in some cases less than half) when compared to other major cities in the U.S. like New York, Washington D.C., Chicago, San Francisco, Los Angeles and San Diego.
For those that are interested, I have assembled a list of what I consider to be the best values in each of the major neighborhoods in and around Bal Harbour. These are condos and homes where the prices are very reasonable and the potential for appreciation is greatest in my opinion.
For more information, please feel free to email me at Info@HomesForVIPs.com, or call directly at 786.553.0697. For detailed Reports and Free Recorded information 24-hours a day about the Bal Harbour market, call 1-800-639-3520 Ext. 9029.
ZIP Code: 33154 Approximate Location Boundaries: Surfside to the South; Haulover Cut to the North; Biscayne Bay and Bay Harbor Islands to the West; Collins Avenue/Atlantic Ocean to the East
Location Characteristics: One of the most desirable places to live near the Miami Beach area. With the famous Bal Harbour Mall and its numerous, high-end shops, fine dining, luxury condos and houses and the beach, many affluent people from all over the world own vacation homes here and some have retired here.
About Michael Sahlman:
Michael Sahlman moved to Miami Beach from Manhattan 5 years ago for a change in lifestyle. With over 40 years of combined experience in working with VIPs, Michael and his wife, Cristina, provide an exceptional level of service to their clients and have a proven track record as top producers. They have an intimate knowledge of the South Florida real estate market and are well informed of all the latest projects and developments. Their clients include Fortune 500 executives, international celebrities, as well as clients relocating to the Greater Miami area from other cities and countries. They speak Spanish, Portuguese and French and are International Real Estate Specialists with a network of associates throughout the U.S., Canada, Europe, South America and the Caribbean enabling them to buy and sell luxury property throughout the World.
Michael and Cristina oversee every aspect of the buying and selling process from the initial consultation to contract to closing. Their team includes a transaction coordinator, a marketing professional, a buyer’s specialist, a mortgage consultant, and a closing agent. For more information on finding that ideal property or selling your home, call Michael directly anytime at 786.553.0697 or email me at Michael@HomesForVIPs.com, or call my FREE 24-hour recorded hotline. If you are thinking of selling, call 1-800-639-3520 Ext. 8009 for a free Sellers Report; if you are thinking of buying, call 1-800-639-3520 Ext. 8889 for a Free Buyers Report.
Affiliations and Designations:
e-PRO International Real Estate Specialist International Marketing Society of Castles & Estates Founding Member of the International Luxury Society National Association of Realtors® Member Florida Association of Realtors® Member Association of Greater Miami and the Beaches Member
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
