April 2016 Sales Report – Downtown Miami

April Miami

Welcome to our latest monthly sales report for April 2016! Our reports take pleasure in including all the sales of each individual building in the Downtown area. If you’re interested in a personal copy or would like an extensive report on any of the featured developments call us today at 305-305-3885 or send us a message here. Don’t see your community? Let us know and we will have it featured for you! Properties were listed and sold by various South Florida MLS participants from April 1st to April 30th, 2016.

Winter, and the buying season it traditionally brings to the condo market, has now ended.

Looking back at the month of April and the sales that took place continue the trends that we observed during the 1st Quarter of the year: A gradual rise of inventory throughout most developments and less international demand. One good example of this trend can be seen in what we have on the table, with 4 of our current buyers looking in the area and only one originating from a different country. With volatility currently being experienced in several nations across South America and Europe, we’ve seen more attention and activity from end-users looking for a primary residence rather than investors trying to find a unit to collect income from.

For any seller, including my own clients, I’ve advised time and time again to keeping a close eye to the sources attracting the most leads in an effort to getting the most exposure possible to every listing. Now that we enter the second quarter, the buyer looking to buy might turn out to be your pool buddy or fellow gym-goer, aka renters looking to step out of their shell and become owners themselves. One of my biggest developments this year has been at spending a lot of time speaking with mortgage lenders for new options and also educating consumers about different loan programs available. One of these, a new 10% down program, which could be highly effective to anyone looking to buy a primary residence instead of renting again.

 

For the breakdown on sales please see below (buildings with no sales for the month are not included on the list, better luck next month!)

March Sales Report Downtown Miami

                                     

             April 2016 Sales Report – Downtown Miami

 

Total Transactions: 16

($) Volume:$4,944,750

Highest Priced Sale: The Grand – 1717 N Bayshore Dr #A-3447 – $540,000

The Grand Condo Miami
#A-3447 at The Grand was April’s highest priced sale

1800 Club

  • 1800 N Bayshore Dr #1702 – 1/1, $285,000

50 Biscayne

  • 50 Biscayne Blvd #4501 – 2/2, $425,000

Loft II

  • 133 NE 2nd Ave #1103 – 1/1, $189,900
  • 133 NE 2nd Ave #817 – 1/1, $192,000
  • 133 NE 2nd Ave #3209 – 1/1, $225,000

Marina Blue

  • 888 Biscayne Blvd #4702, $385,000
Marina Blue Miami
This unit, #4702 at Marina Blue, sold for $385,000 or just about $450/sqft

One Miami

  • 335 S Biscayne Blvd #1601 – 2/2, $450,000

Opera Tower

  • 1750 N Bayshore Dr #4107 – Studio, $200,000

Ten Museum Park

  • 1040 Biscayne Blvd #1106 – 2/2/1, $440,000

The Grand

  • 1717 N Bayshore Dr #A-2738 – 1/1/1, $297,850
  • 1717 N Bayshore Dr #A-2040 – 2/2, $390,000
  • 1717 N Bayshore Dr #A-3447 – 3/3, $540,000

Venetia

  • 555 NE 15th St #24-I – 1/1, $200,000

Vizcayne

  • 253 NE 2nd St #3706 – 1/1, $280,000
  • 244 Biscayne Blvd #1209 – 2/2, $420,000

 

We hope you enjoyed this edition of our sales report and hope you find it useful! We look forward to hearing from you again for our May observations.

Marcelo Steinmander and The Miami Observer of EWM Realty International are local specialists who work on providing the best local information and content on Downtown Miami apartments. If you’re interested in buying or selling please contact us today at 305-305-3885 or send us a message here! Our knowledge in the area has already helped many others achieve their real estate goals! 

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