Properties in the Sunny Isles area have always been popular given their proximity to the beach and all of the wonderful options and styles of units and buildings available. The bay is on the west and the Atlantic Ocean is to the east. Those who live in the area are just a short distance North of Miami and south of Fort Lauderdale.
The great location, combined with the wonderful amenities and features of the condominiums are drawing attention from many buyers who want to own property in South Florida. Jade Beach happens to be one of the hottest properties on the market right now and with good reason. It offers everything most buyers could possibly want.
To understand a bit more about the building and the units, it is first a good idea to look at the most recent statistics regarding the building and the units it is offering.
The Units in the Building
The Jade Beach building features 248 total units, and the current number of units for sale within the building is twenty-three, which accounts for nearly 10% of the overall properties. In addition to those units that are for sale, seventeen of the units are available to rent currently. This accounts for around 7% of the overall units in the building.
A wide range of different types and styles of property are available at Jade Beach from small cabanas all the way up to the large penthouse properties.
The Price Range
The price of the condos located at Jade Beach can vary widely. They can cost between $300,000 for the smallest of the units, which start at 243 square feetall the way up to nearly $10 million for the largest of the units, which come in at 8,210 square feet. The 243 square foot unit is actually a cabana rather than a proper condominium.Note that the purchase of a cabana is the purchase of a right to use the cabana and is reserved for those who already own at Jade Beach. It could be a great option for those who are searching for a guest room.
The average price per square foot currently is $684 per square foot.Of the properties to have sold at the condominiums, the average price paid per square foot was $1,030.
It is very important to keep in mind that these are only the current statistics for Jade Beach Condos. The number of units, the cost per square foot, and other elements can and do change as the markets change. Buyers, as well as sellers, should always take the time to look up the most current statistics for the properties they are considering buying.
Jade Beach Condos Are in Demand
The quality of the condominiums and the fact that they are so close to all of the action help to make them very popular. They have a desirable location and a unique lifestyle experience that appeals to many buyers. While the average price of the condominiums in the building are up from the past couple of years, they are still in line with the price of other area condos. In 2013, there were sixteen re-sales in the building. This year, there are twenty-three condominiums for sale in the building.
Because the building is so popular, there is a good chance that these units will sell relatively quickly, and they could all sell before the year’s end. Those who have an interest in purchasing one of the condominiums should get in touch right away to look at the various options available. They have units from many different sizes and at different price points, so it should be possible to find a property that fits your budget and your space requirements.
Sales Statistics for the Sunny Isles Area
The median sales price for residential properties in the Sunny Isles area, where Jade Beach Condos are, saw a slight increase of 2.6% over the past several months compared to the previous quarter. The sales prices of the properties have been going up slowly but steadily over the past year or so, and this is showing the signs of a stronger market, which is good for all.
The average listing price, according to Trulia.com, was $1,545,547 for homes in the area. This is around the same average for the prices of properties in Jade Beach Condos. However, there are many units in the building that fall below this average, as well as many that are above it. The quality of the units is a key consideration when determining the price, and the units at Jade Beach are of the highest quality.
Consider the number of sales that have occurred over the past year or so in the Sunny Isles area, and it becomes easy to see just how much stronger the overall market in the area is becoming. In 2012, there were 367 Sunny Isles condos that sold for more than half a million dollars. 2013 saw 265 closed sales, and the condos were selling at a slightly higher price. This trend of selling, as well as the rising price, is likely to continue.
The prices of the homes in Sunny Isles, and at Jade Beach, are still affordable for many buyers, but times may be changing. Buying now, when the prices are still on the rise, could be a smart move as well. It could well mean that the prices will continue to rise. This makes the properties a great investment for those who buy now. Those who sell now may find that they are able to get a good asking price for their properties too. This was not the case just a few years ago when the real estate market was struggling.
When looking at properties in the area, including those at Jade Beach, keep the above statistics in mind. They can help you to have a greater understanding of the current market situation. Again, keep in mind that the stats and the prices change regularly, so always work with the latest information and a knowledgeable local realtor who will help you find the best property.