Tag Archives: 16047 Collins Avenue

Turnberry Ocean Colony Sunny Isles Beach | Condo Sales & Trends April 2015

Turnberry Ocean Colony Sunny Isles Beach | Condo Sales & Trends April 2015

Sunny Isles Beach Luxury Condo Sales & Trends – April 2105

Sunny Isles Beach condo inventory has increased 14% since the prior 2014 blog post to 960 total condos for sale and 56 closed sales in the last 30 days (17 month supply).

Sold via MLS database:

  • April 30th – 236 Sales with an average selling price per square foot of $452 PSF (8% Increase)
  • 2014 – 918 Sales with an average sale price per square foot at $433 PSF (11% Increase)
  • 2013 – 1,006 Sales with an average sale price per square foot at $387 PSF (15% Increase)
  • 2012 – 1,051 Sales with an average sale price per square foot of $329 PSF (22% Increase)
  • 2011 – 1,066 Sales occurred at an average sale price per square foot at $258 PSF

In a contrast comparison of luxury oceanfront condos specific to Collins Avenue and over $500,000, we see 418 condos for sale today. There have been 79 closed sales this year averaging a selling price per square foot of $768 PSF and selling at 93% of list price (Average 7% buyer discount) at 123 days on market.

  • 2014 – 331 Sales with an average selling price per square foot of $703 (12% Increase)
  • 2013 – 387 Sales with an average selling price per square foot of $616 (13% Increase)
  • 2012 – 365 Sales with an average selling price per square foot of $535 (5% Increase)
  • 2011 – 250 Sales with an average selling price per square foot of $506 (13% Increase)
  • 2010 – 184 Sales with an average selling price per square foot of $440

The top 10 luxury condo sales in 2015 have an average sale price per square foot of $1,116 and an average asking price per square foot of $1,209 PSF with buyers purchasing at an approximate 7% discount.

Turnberry Ocean ColonyTurnberry Ocean Colony Condo Sales & Trends | Market Summary

In 2014, 14 sales occurred from $1.850M to $3.750M. The average selling price per square foot last year was $983 PSF. Prices today begin at $2.149M (2 Bedroom) and upwards of $9.499M (4 bedroom). We should see continued appreciation in both North & South Tower with the average asking price per square foot today at $1,186 {$1,051 in 2012, $972 in 2011 and $864 in 2010} while ‘sold values’ per square foot so far this year average $977 PSF.

2009 set a record low sale value for Turnberry Ocean Colony ($970k) while 2011 had the highest sale at $4.9M. 2011 was considered the turnaround year for the local Sunny Isles Beach market and notably, T.O.C. values have done considerably well. Turnberry Ocean Colony South & North Towers will remain a strong contender for years to come. These two buildings are considered by many as fine art with timeless finishes & exquisite design.

Turnberry Ocean Colony North Tower Condo Inventory & Sales

(16051 Collins Avenue) Turnberry Ocean Colony North Tower has 12 condos (9% inventory) for sale ranging in values from $2.149M (Exuma Model) to $4.8M for a 4 Bedroom, Eleuthera residence. The average Turnberry Ocean Colony North tower list price per square foot reflects $1,142 with the average selling price per square foot for the last six months reflecting $1,050 PSF at 143 days on market. The average sale to list price ratio is 91% (9% buyer discount).

Turnberry Ocean Colony North condo sales from the last 90 days show us one resale selling at $1,078 PSF.  Miami has become a safe-haven for many with buyers focused on luxury oceanfront real estate around $1,000 PSF.

Turnberry Ocean Colony South Tower Condo Inventory & Sales

(16047 Collins Avenue) Turnberry Ocean Colony South Tower has seven condo residences for sale today (5% inventory) with prices ranging from $2.260M to $9.499M. The average Turnberry Ocean Colony South tower list price per square foot reflects $1,209 PSF. There have been two sales this year with the average selling price per square foot of $913 PSF at 340 days on market. The average sale to list price ratio is 91% (9% buyer discount).

Selling at Turnberry Ocean Colony?

When hiring someone to sell or lease your Turnberry Ocean Colony condo, look for strong global marketing with intimate local market knowledge and a proven track record selling luxury condos in Miami. I’m available to market globally here on this website and other luxury condo websites found below. Visit me today for further details on our Marketing Strategy and you’ll soon find efficient results whether selling or leasing your property. Sunny Isles Beach luxury real estate is in demand and Turnberry Ocean Colony is no exception.

In February 2010, I released this addition to the Sunny Isles Beach condo collection with the Turnberry Ocean Colony Sunny Isles website & blog to replicate the fun & success I had with the JADE Condos Sunny Isles. For an extraordinary International marketing presence, choose ONE Sotheby’s International Realty and Ashton Coleman. This International powerhouse along with my personal marketing plan is certain to showcase your luxury property to the world and the right buyer.

Buying Turnberry Ocean Colony?

I’m a Miami area real estate specialist. Since 2002, I have sold, serviced & marketed Sunny Isles Beach to South Beach along with Aventura to Coral Gables.  If you would like to discuss Miami real estate, send me a note here.

Price points at Turnberry Ocean Colony have shown us an uptick in sale prices since 2010 beginning in the high $1M’s and noting steady upswing with a renewed buyer confidence in Miami oceanfront real estate. The original Sunny Isles Beach condo resource MiamiDreamRealty.com showcases the entire luxury Southeast Florida MLS listing database while the Turnberry Ocean Colony property database accesses the MLS directly to show each new luxury property as they are listed. You’ll also find excellent local Sunny Isles Beach statistics at the Miami Beach Real Estate Blog. Now you have access to all the properties for sale & rent, new condo updates, videos & sales statistics at this Turnberry Ocean Colony condo website & blog positioned at the forefront of luxury oceanfront condo towers.

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