Migrating Families and the Challenges of Finding the Right Miami Private School
Neighborhood Economics for Bal Harbour Condos – Quarter 1 and 2 of 2015
The Bal Harbour Condo Market in a Nutshell
Get a quick overview of the Bal Harbour Real Estate Market in the first half year of 2015
The Bal Harbour Condo Market in a Nutshell – Read our quarterly report here with all the key market data to be quickly updated on the Bal Harbour Condo Market.
The ‘neighborhood economics’ blogs are excellent to gather a pulse on the Bal Harbour Condo Market because we provide the market’s key indicators. This blog focuses on the last half year of Bal Harbour Real Estate Data and is updated every quarter. All data are derived from the MLS South Florida.
Data are given for Bal Harbour Condos in the price ranges of:
- $500,000 – $1M
- $1M – $2M
- $2M +
Summary of the Bal Harbour Condo Market– Q2 2015
Overall the Bal Harbour Condo market saw a steady first half year of 2015. The amount of listings as well as the condos sold remained stable and therefore we saw little change in the inventory levels. The luxury market of $2M+ condos saw a small decrease in sales therefore causing the inventory levels to increase.
Besides the luxury markets, the Bal Harbour condo market is experiencing a neutral market (6 to 9 months of inventory), meaning sellers and buyers have the same bargaining power.
Sales prices have increased slightly within the first half year.
Stayed tuned during the next quarters to see whether the above finding are new trends!
Overview of Bal Harbour condo data for the first half year of 2015. The data are provided for three price ranges.
For Sale vs Sold Properties in Bal Harbour
An overview of how many properties were listed for sale as well as how many properties were sold per month in each price range.
How many condos were listed and how many condos sold in Bal Harbour in 2015 (first half year)?
The Months of Inventory in Bal Harbour
The months of inventory is an important indicator in real estate. It indicates how many months it takes to sell all the current listings under the assumption that no new listings will enter the market.
The months of inventory for Bal Harbour real estate.
Rules of Thumb
Buyer’s market: more than 9 months of inventory based on closed sales
Seller’s market: less than 6 months of inventory based on closed sales
Neutral market: 6 – 9 months of inventory based on closed sales
The Sales Prices in Bal Harbour
Bal Harbour sales prices (per Sq.Ft) in the first 6 months of 2015.
Read our Quarterly Neighborhood analytics for:
♦ Aventura
♦ Bal Harbour
♦ Brickell
♦ Coconut Grove
♦ Coral Gables
♦ Downtown / Midtown Miami
♦ Fisher Island
♦ Key Biscayne Condos / Key Biscayne Homes
♦ Miami Beach Condos / Miami Beach Homes
♦ Pinecrest
♦ South Beach Condos / South Beach Homes
♦ South Miami
♦ Sunny Isles
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We have only superlatives to describe how wonderful Cris Buzolin was throughout the process of selling our townhouse in Coral Gables. We were away in the UK while the transaction was taking place and Cris handled everything-from clearing out our house, selling contents when she could, arranging the moving and storage and dealing with some very difficult problems which arose. Always patient and very willing to help in every way, Cris is a consummate professional who really cares about her clients and worked extremely hard to get the price we had asked for and make things for us as easy as she could. Nothing was too much for her to handle.Cris and Marianela (who provided additional very helpful assistance to us during the transaction) are part of the team that David Siddons has assembled.When we decided to sell our property, we contacted David and he established the framework for the transaction and ensured that everything proceeded smoothly and in accordance with our wishes. In sum, David Siddons and his team are extremely competent and professional and we are totally satisfied with the service they provided. To repeat, Cris Buzolin in particular, went way beyond what one would expect from a real estate agent. The David Siddons Group has our highest recommendation!
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