Tag Archives: Sunny Isles Beach Luxury Condo

Turnberry Ocean Colony Sunny Isles Beach Condo Sales & Trends | June 2017

Turnberry Ocean Colony Sunny Isles Beach South and North Towers

Turnberry Ocean Colony Sunny Isles Beach Condo Sales & Trends | June 2017

Sunny Isles Beach Luxury Condo Sales & Trends

Sunny Isles Beach condominium inventory has increased 5% since the prior blog post in January to 1,453 total condos for sale and 41 closed sales in the last 30 days (35 month supply). A healthy market is 6 to 9 months or less so to call this a strong buyer’s market is an understatement.

Sold via MLXChange database:

  • June 19th, 2017 – 282 YTD Sales with an average selling price per square foot of $402 PSF (5% Decrease)
  • 2016 – 599 Sales with an average selling price per square foot of $425 PSF (3% Decrease)
  • 2015 – 793 Sales with an average sale price per square foot at $440 PSF (2% 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 693 Sunny Isles Beach condos for sale today.

  • June 19th, 2017 – 78 YTD Sales with an average selling price per square foot of $733 (9% Increase)
  • 2016 – 221 Sales with an average selling price per square foot of $668 (6% Decrease)
  • 2015 – 292 Sales with an average selling price per square foot of $707 (1% Increase)
  • 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 condos sold last year (2016) had an average sale price per square foot of $1,138 and an average asking price per square foot of $1,339 PSF. YTD 2017, the average sale price per square foot of $1,340 and an average asking price per square foot of $1,596 PSF as new ultra-luxurious towers such as Porsche & Chateau begin to grace our skyline as resale opportunities.

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

In 2016, 6 sales occurred from $2.150M to $3.4M while the average selling price per square foot last year was $808 PSF. YTD 2017, just 2 sales have occurred from $1.850M to $3.6M while the average selling price per square foot this year is $929 PSF.

Prices today begin at $1.995M (2 Bedroom) and upwards of $9.5M (4 bedroom & penthouse). We have an interesting market remaining this year with 32 Turnberry Ocean Colony condos available for sale and UHNWI owner’s who don’t necessarily have to sell. We are reminiscent of 2007 when there was a tug of war found for seller’s aiming high and patient buyer’s looking for great deals. We should see a continued slowdown in sales for the remainder of 2017 with a 10% anticipated price drop. The asking price per square foot today averages $1,054 {$1,122 in 2016} while sale price values per square foot this year average $929 PSF.

2009 set a record low sale value for Turnberry Ocean Colony ($970k) while 2015 had the highest sale at $5.6M. 2011 was considered the turnaround year for the Sunny Isles Beach condo market and notably, T.O.C. values did considerably well. Turnberry Ocean Colony South & North Towers will remain a strong contender for years to come yet we continue into a new Miami market cycle with a most certain slowdown noted. The strong US dollar has the International buyer sitting on the fence and simply watching our markets among other factors such as the fundamental law of supply and demand.

Turnberry Ocean Colony North Tower Condo Inventory & Sales

Turnberry Ocean Colony North Tower (16051 Collins Avenue) has 17 condos (13% inventory) for sale ranging in values from $2.050M (Exuma Model) to $6.2M for a 4 Bedroom, Eleuthera residence. The average Turnberry Ocean Colony North tower list price per square foot reflects $1,068 with the average selling price per square foot from the last 6 months reflecting two sales at $853 PSF at 169 days on market.

Turnberry Ocean Colony South Tower Condo Inventory & Sales

Turnberry Ocean Colony South Tower (16047 Collins Avenue) has 15 residences for sale today (12% inventory) with prices ranging from $1.995M to $9.5M. The average Turnberry Ocean Colony South tower list price per square foot reflects $1,036 PSF with the average selling price per square foot from the last 6 months reflecting ONE sale at $1,034 PSF at 303 days on market.

Selling at Turnberry Ocean Colony

Contact me today for details on our marketing plan & strategy where you’ll find a step by step process in marketing to the right customers whether selling or leasing your properties. When hiring someone to sell or lease your Turnberry Ocean Colony condo, look for a solid strategy with a strong global reach and intimate local market knowledge. Miami luxury real estate pertaining to new condo development is anticipating the release of another 11,000+ condos within the next 2 years so please buckle up for a bumpy ride. Demand and supply are not at all balanced and as we see above, Turnberry Ocean Colony is no exception. This premier development noted a $1,200+ PSF price point in 2015, which is today approximately 20% less in values.

ONE Sotheby’s International Realty + Ashton Coleman, P.A. offer a brokerage powerhouse certain to showcase your properties to the world and to the right buyers. I released this additional resource to the Sunny Isles Beach condo collection in February 2010 with the Turnberry Ocean Colony Sunny Isles website & blog to simply replicate the valuable information I provide at JADE Condos Sunny Isles.

A multitude of other Southeast Florida websites are found below and once listed, where your properties will also be featured – contact me here.

Buying Turnberry Ocean Colony

I’m a Southeast Florida real estate specialist. Since 2002 I’ve marketed and sold premier real estate from Sunny Isles Beach to South Beach along with Aventura to Coral Gables.

Price points at Turnberry Ocean Colony have shown us a turnaround in sale price values and ongoing trends of a solid buyer’s market which began in 2016. In reference to Miami oceanfront real estate, we may very well see a continued slow period for several more years with ample selection and super deals for buyers ready and sellers willing to negotiate. The strong U.S. Dollar plays an important role in our current condo market along with the new development cycle that has set the stage for inventory to outpace the demand. The advantage of today’s market is the excellent selection to cherry pick great deals and you do have leverage today with considerable discounts along Sunny Isles Beach. We find motivated condominium sellers in Miami-Dade County here with prices discounted.

Access available properties for sale, for rent, videos & sales statistics at this Turnberry Ocean Colony condo website positioned at the forefront of Miami’s luxury oceanfront condominiums. The original Sunny Isles Beach condo resource MiamiDreamRealty.com showcases luxury Southeast Florida listings 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 Sunny Isles Beach (condo index) statistics at the Miami Beach Real Estate Blog.

Thank you for your time spent reading my research!

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Luxury Real Estate in Southeast Florida

Over 15 Years Experience – I’m a Southeast Florida real estate broker-associate with the leading firm – ONE Sotheby’s International Realty. Why Sotheby’s? Because of the brand heritage, prestige, vast global reach and their propensity for perfection. Since 2002, I’ve been active in the Southeast Florida market with experience that rarely disappoints. No hassle. No pressure. Just honest advice.

The Miami Beach Real Estate Blog is an awesome online database for Southeast Florida real estate information. Contact me for the perfect properties along Miami BeachSunny Isles BeachAventuraBal HarbourSurfsideNorth Bay Village and South Beach. I also cover the most desirable areas of Fort LauderdaleKey BiscayneCoconut GroveCoral Gables and Bay Harbour Islands. Whether you’re looking for the latest in waterfront estates, condo resales, land for development, corporate relocation, market trends, off-market properties, new construction, bulk sales, or just great deals, I’ll have it customized and ready for you.

Gain fast access to the latest in real estate trends, new listings, preferred developments, important news updates, sales & statistics by signing up to the Monthly VIP Buyer Alert. Explore new listings, property information & buying options on Miami condo developmentsgated communitieswaterfront homesluxury townhomes, impressive Miami Penthouses plus so much more.

Luxury Condos, Penthouses, & Waterfront Homes:

ONE Sotheby’s International Realty + Ashton Coleman

Who You Are:

You are a client – not a customer:

  • Clients are under the protection of another
  • Customers purchase a commodity or service

Knowledge is protection. As a client, you can expect fully accurate information that you will understand, implement, and use to build your net worth.

Turnberry Ocean Colony Sunny Isles Beach | Condo Sales and Trends | January 2017

Turnberry Ocean Colony Sunny Isles Beach

Turnberry Ocean Colony Sunny Isles Beach | Condo Sales and Trends | January 2017

Sunny Isles Beach Luxury Condo Sales & Trends

Sunny Isles Beach condo inventory has decreased 1% since the prior 2016 blog post to 1,377 total condos for sale and 24 closed sales in the last 30 days (57.3 month supply). A healthy market is 6 to 9 months or less so to call this a strong buyer’s market is an understatement.

Sold via MLXChange database:

  • January 10th, 2017 – 3 YTD Sales with an average selling price per square foot of $684 PSF (sample too small to determine % change)
  • 2016 – 599 Sales with an average selling price per square foot of $425 PSF (3% Decrease)
  • 2015 – 793 Sales with an average sale price per square foot at $440 PSF (2% 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 830 Sunny Isles Beach condos for sale today.

  • January 10th, 2017 – 2 Sales with an average selling price per square foot of $902 (sample too small to determine % change)
  • 2016 – 221 Sales with an average selling price per square foot of $668 (6% Decrease)
  • 2015 – 292 Sales with an average selling price per square foot of $707 (1% Increase)
  • 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 last year (2016) had an average sale price per square foot of $1,138 and an average asking price per square foot of $1,339 PSF.

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

In 2016, 6 sales occurred from $2.150M to $3.4M. The average selling price per square foot last year was $808 PSF.

Prices today begin at $1.875M (2 Bedroom) and upwards of $5-6M (4 bedroom & penthouse). We have an interesting market ahead of us this year with 30 Turnberry Ocean Colony condos available for sale and UHNWI owner’s who don’t necessarily have to sell. We are reminiscent of 2007 when there was a tug of war found for seller’s aiming high and patient buyer’s looking for great deals. We should see continued depreciation in both North & South Towers going forward into 2017; 5-10% anticipated price drop. The average asking price per square foot today at $1,069 {$1,122 in 2016} while ‘sold values’ per square foot last year average just $808 PSF.

2009 set a record low sale value for Turnberry Ocean Colony ($970k) while 2015 had the highest sale at $5.6M. 2011 was considered the turnaround year for the local Sunny Isles Beach market and notably, T.O.C. values did considerably well. Turnberry Ocean Colony South & North Towers will remain a strong contender for years to come yet we continue into a new Miami market cycle with a most certain slowdown moving forward. The strong US dollar has the International buyer sitting on the fence and simply watching our markets among other factors such as the fundamental law of supply and demand.

Turnberry Ocean Colony North Tower Condo Inventory & Sales

Turnberry Ocean Colony North Tower (16051 Collins Avenue) has 16 condos (12% inventory) for sale ranging in values from $1.899M (Exuma Model) to $6.2M for a 4 Bedroom, Eleuthera residence. The average Turnberry Ocean Colony North tower list price per square foot reflects $1,062 with the average selling price per square foot last year reflecting three sales at $839 PSF at 191 days on market. There have been no sales so far this year in the North Tower.

Turnberry Ocean Colony South Tower Condo Inventory & Sales

Turnberry Ocean Colony South Tower (16047 Collins Avenue) also has 16 residences for sale today (12% inventory) with prices ranging from $1.875M to $5.2M. The average Turnberry Ocean Colony South tower list price per square foot reflects $917 PSF with the average selling price per square foot last year reflecting three sales at $777 PSF at 225 days on market. There have been no sales so far this year in the South Tower.

Selling at Turnberry Ocean Colony

Contact me today for further details on our Marketing Strategy and you’ll find efficient results whether selling or leasing your property. When hiring someone to sell or lease your Turnberry Ocean Colony condo, look for a solid strategy for a twelve-month marketing plan with strong global reach and an intimate local market knowledge. Miami luxury real estate (new development) is in the process of releasing another 11,000+ condos within the next 2 to 3 years so buckle up for a bumpy ride. Demand and supply are not balanced and as we see above, Turnberry Ocean Colony is no exception.

I released this addition to the Sunny Isles Beach condo collection in Feb. 2010 with the Turnberry Ocean Colony Sunny Isles website & blog to replicate the information I promote with JADE Condos Sunny Isles. For an extraordinary International marketing presence, choose ONE Sotheby’s International Realty and Ashton Coleman – this brokerage powerhouse along with my personal marketing plan is certain to showcase your Turnberry property to the world and to the right buyers.

Buying Turnberry Ocean Colony

I’m a Southeast Florida real estate specialist. Since 2002 I’ve sold & marketed my backyard and playground from Sunny Isles Beach to South Beach along with Aventura to Coral Gables. Price points at Turnberry Ocean Colony have shown us a turnaround in sale prices and trends beginning in 2016. I am confident with the next blog post in late 2017 we will see prices at Turnberry Ocean Colony beginning in the low-to-mid $1M’s. In reference to Miami oceanfront real estate, a lull for several years with ample selection and great deals for new buyers ready to negotiate. The strong US Dollar plays an important role along with a development frenzy that has set the stage for inventory to outpace the demand. There is no right or wrong time to buy when buying correctly but you do have great leverage today with considerable discounts along the coastline as we see here.

Access all properties for sale & rent, new condo updates, videos & sales statistics at this Turnberry Ocean Colony condo website positioned at the forefront of luxury oceanfront condominiums. 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 Sunny Isles Beach condo index statistics at the Miami Beach Real Estate Blog.

Luxury Real Estate Southeast Florida

I’m a Southeast Florida real estate broker-associate with the leading firm – ONE Sotheby’s International Realty with over 14 years of experience! Why Sotheby’s? Because of the brand heritage, global reach and their propensity for perfection. Since 2002, I’ve been active in the Southeast Florida market with experience that rarely disappoints. Whether you’re looking for the latest in waterfront estates, condo resales, land for development, corporate relocation, market trends, off-market properties, new construction, bulk sales, or just plain good deals, I’ll have it customized and ready for you.

Gain fast access to the latest in real estate trends, new listings, preferred developments, important news updates, sales & statistics below. Explore new listings, property information & buying options on new Miami construction and developments, gated communitieswaterfront homesluxury townhomesMiami Penthouses plus so much more. Find your perfect property along Miami BeachSunny Isles BeachAventuraBal HarbourSurfsideNorth Bay Village and South Beach. I also cover the most desirable areas of Fort LauderdaleKey BiscayneCoconut GroveCoral Gables and Bay Harbour Islands.

No hassle. No pressure. Just honest advice.

  1. Subscribe to the monthly alert for updates on Miami’s best neighborhoods
  2. Like Coleman Properties Group on FB
  3. Follow AshtonColeman on Instagram for real-estate photo updates
  4. Follow AshtonColeman’s Twitter for the latest in South Florida News

List w/ONE Sotheby’s International Realty & Ashton Coleman

Global Marketing & Local Prestige

Miami Luxury Condos & Waterfront Homes for Sale:

Southeast Florida Real Estate

Who You Are:You are a client – not a customer:

  • Clients are under the protection of another
  • Customers purchase a commodity or service

Knowledge is protection. As a client, you can expect fully accurate information that you will understand, implement, and use to build your net worth.

Contact Ashton Coleman:

Turnberry Ocean Colony Sunny Isles Beach | Condo Sales and Trends | August 2016

Turnberry Ocean Colony Sunny Isles Beach Miami South Tower

Turnberry Ocean Colony Sunny Isles Beach | Condo Sales and Trends | August 2016

Sunny Isles Beach Luxury Condo Sales & Trends

Sunny Isles Beach condo inventory has increased 4% since the prior 2016 blog post to 1,387 total condos for sale and 44 closed sales in the last 30 days (31.5 month supply). A healthy market is 6 to 9 months or less so to call this a strong buyer’s market is an understatement.

Sold via MLXChange database:

  • August 14th, 2016 – 372 YTD Sales with an average selling price per square foot of $436 PSF (1% Decrease)
  • 2015 – 793 Sales with an average sale price per square foot at $440 PSF (2% 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 643 Sunny Isles Beach condos for sale today.

  • August 14th, 2016 – 140 Sales with an average selling price per square foot of $668 (6% Decrease)
  • 2015 – 292 Sales with an average selling price per square foot of $707 (1% Increase)
  • 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 last year (2015) have an average sale price per square foot of $1,207 and an average asking price per square foot of $1,382 PSF. This year (2016), the top 10 condo sales have an average sale price per square foot of $1,062.

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

In 2015, 11 sales occurred from $2M to $5.6M. The average selling price per square foot last year was $969 PSF.

Prices today begin at $2.139M (2 Bedroom) and upwards of $9.499M (4 bedroom penthouse). We have an interesting market ahead of us with 28 Turnberry Ocean Colony condos available for sale and UHNWI owner’s who don’t necessarily have to sell. We are reminiscent of 2006 when there was a tug of war found for seller’s aiming high and patient buyer’s looking for great deals. We should see continued depreciation in both North & South Towers going forward into 2017; 2-7% anticipated price drop. The average asking price per square foot today at $1,122 {$1,186 in 2015} while ‘sold values’ per square foot this year average just $910 PSF – Only ONE (#504) has Sold.

2009 set a record low sale value for Turnberry Ocean Colony ($970k) while 2015 had the highest sale at $5.6M. 2011 was considered the turnaround year for the local Sunny Isles Beach market and notably, T.O.C. values did considerably well. Turnberry Ocean Colony South & North Towers will remain a strong contender for years to come yet we enter a new Miami market cycle with a most certain slowdown moving forward. The strong US dollar has the International buyer sitting on the fence and simply watching our markets.

Turnberry Ocean Colony North Tower Condo Inventory & Sales

Turnberry Ocean Colony North Tower (16051 Collins Avenue) has 14 condos (10.7% inventory) for sale ranging in values from $2.139M (Exuma Model) to $6.2M for a 4 Bedroom, Eleuthera residence. The average Turnberry Ocean Colony North tower list price per square foot reflects $1,123. with the average selling price per square foot for the year reflecting the single 5th-floor sale at $910 PSF at 393 days on market. The sale to list price ratio was 88% (12% buyer discount).

Turnberry Ocean Colony South Tower Condo Inventory & Sales

Turnberry Ocean Colony South Tower (16047 Collins Avenue) also has 14 residences for sale today (10.7% inventory) with prices ranging from $2.150M to $9.499M. The average Turnberry Ocean Colony South tower list price per square foot reflects $1,122 PSF. There have been no sales this year in the South Tower.

Selling at Turnberry Ocean Colony?

When hiring someone to sell or lease your Turnberry Ocean Colony condo, look for a solid strategy for a twelve-month marketing plan with strong global reach and an intimate local market knowledge. Contact me today for further details on our Marketing Strategy and you’ll find efficient results whether selling or leasing your property. Miami luxury real estate (new development) is in the process of releasing another 11,000+ condos within the next 2 to 3 years so buckle up for a bumpy ride. Demand and supply are not balanced and as we see above, Turnberry Ocean Colony is no exception.

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

Buying Turnberry Ocean Colony?

I’m a Southeast Florida real estate specialist. Since 2002 I’ve sold & marketed my backyard and playground from Sunny Isles Beach to South Beach along with Aventura to Coral Gables. Price points at Turnberry Ocean Colony have shown us a turnaround in sale prices now in 2016. I am confident with the next blog post in early 2017 we will see prices at Turnberry Ocean Colony beginning in the high $1M’s and in reference to Miami oceanfront real estate, a lull for several years with ample selection and great deals. The strong US Dollar plays an important role while a development frenzy sets the stage for inventory to rise outpacing the demand. There is no right or wrong time to buy when buying correctly but you do have great leverage today with considerable discounts along the coastline as we see here.

Access all properties for sale & rent, new condo updates, videos & sales statistics at this Turnberry Ocean Colony condo website positioned at the forefront of luxury oceanfront condominiums. 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 Sunny Isles Beach condo index statistics at the Miami Beach Real Estate Blog.

Luxury Real Estate in Southeast Florida

Over 14 Years Experience! I’m a Southeast Florida real estate broker-associate with the leading firm – ONE Sotheby’s International Realty. Why Sotheby’s? Because of the brand heritage, global reach and their propensity for perfection. Since 2002, I’ve been active in the Southeast Florida market with experience that rarely disappoints. Whether you’re looking for the latest in waterfront estates, condo resales, land for development, corporate relocation, market trends, off-market properties, new construction, bulk sales, or just plain good deals, I’ll have it customized and ready for you.

Gain fast access to the latest in real estate trends, new listings, preferred developments, important news updates, sales & statistics below. Explore new listings, property information & buying options on new Miami construction and developments, gated communitieswaterfront homesluxury townhomesMiami Penthouses plus so much more. Find your perfect property along Miami BeachSunny Isles BeachAventuraBal HarbourSurfsideNorth Bay Village and South Beach. I also cover the most desirable areas of Fort LauderdaleKey BiscayneCoconut GroveCoral Gables and Bay Harbour Islands.

No hassle. No pressure. Just honest advice.

  1. Subscribe to the monthly alert for updates on Miami’s best neighborhoods
  2. Like Coleman Properties Group on FB
  3. Follow AshtonColeman on Instagram for real-estate photo updates
  4. Follow AshtonColeman’s Twitter for the latest in South Florida News
  5. SnapChat Ashton.Coleman for behind the scenes real estate adventures

List Your Property w/ONE Sotheby’s International Realty & Ashton Coleman

Global Marketing & Local Prestige

Miami Luxury Condos & Waterfront Homes for Sale:

Southeast Florida Real Estate

Who You Are:

You are a client – not a customer:

  • Clients are under the protection of another
  • Customers purchase a commodity or service

Knowledge is protection. As a client, you can expect fully accurate information that you will understand, implement, and use to build your net worth.

Contact Ashton Coleman:

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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Turnberry Ocean Colony Sunny Isles Beach Condo Sales, Stats & Trends for January 2011

Sunny Isles Beach Luxury Condo Sales & Statistics – 2010 Recap

Sunny Isles Beach condo inventory has decreased 2% over the prior month to 1,101 total condos for sale and 47 closed sales in the last 30 days (23.4 month supply). In 2010, 777 Sunny Isles Beach condos sold via MLS database with an average sale price per square foot at $234 per square foot. In a contrast comparison of luxury oceanfront condos specific to Collins Avenue and over $500k, we see 441 condos for sale with 178 closed sales averaging a selling price per square foot of $443 psf and selling at 90.3% of list price. If we take the top 10% of 2010 luxury condo sales, we find an average sales price per square foot of $690 and an average asking price per square foot of $782 psf reflecting an average 12% discount for new buyers in the Sunny Isles Beach luxury real estate market. In 2009, 161 oceanfront condos over $500k sold via MLS with an average selling price per square foot of $420. The top 10 Sunny Isles Beach luxury condo sales from the last 90 days were found at Turnberry Ocean Colony having 2 sales at $723 & $685 per square foot. Acqualina had 5 sales selling at $764, $731, $745, $702 & $667 psf. JADE Ocean sold a D model at $690 psf while JADE Beach sold an E model at $420 psf. Trump Tower II sold the one & only 6th floor A model with 2200 sf of terrace space at $570 per square foot..

Sunny Isles Beach condo inventory has increased 3% year to date while sale to list price ratios are averaging 92% for the prior month of December. I’ll explore the fine analytics below and continue educating everyone interested in Turnberry Ocean Colony South & Ocean Colony North Towers. On to the January Ocean Colony Condo details…

Turnberry Ocean Colony Condo Sales & Trends | Market Summary for 2009 & 2010

Price points at Turnberry Ocean Colony in 2010 show 16 total sales as low as $1,010,000 with a record high of $2.550M. 2009 set a record low for Turnberry Ocean Colony of $970k and had the high sale capped at $2.3M while 26 total condos sold. Prices today begin at $1.390M (2 Bedroom) and upwards of $6M looking towards a turnaround on building values with 6 recent pending contracts and 2 closed sales from $2.385M to $2.7M in the last 90 days. I believe Turnberry Ocean Colony South & North Towers will have a strong year ahead of it having noted the market bottom in 2009 with 26 closed sales averaging only $581 psf at steep buyer discounts. We should notice prices rising this year with the average asking price per square foot today at $864.

Turnberry Ocean Colony North Tower Condo Inventory, Sales & Rentals

(http://16051CollinsAvenue.com) Turnberry Ocean Colony North Tower resales now have 12 (9% inventory) condos for sale ranging in values from $1.469M (02 Exuma Model) to $3.950M for a 5 Bedroom/5.5 bath, 33rd floor Martinique condo residence. The average Turnberry Ocean Colony North tower list price per square foot reflects $896 ($890 in June) with the average selling price per square foot from the last 6 months reflecting $615 psf at 514 days on market plus an averaged 87% sale to list price ratio (13% buyer discount).

Turnberry Ocean Colony North condo sales from the last 90 days report only 1 resale of a Martinique floor plan (#2503) selling at $2.385M or $685 psf. We see 5 pending condo sales with asking prices from $1.350M to $3.650M as buyers continue taking advantage of discounted pricing and a renewed confidence in the Miami Beach residential condo market. With a large International demand, Miami has become a financial safe haven for many buyers.

There are 7 Turnberry Ocean Colony North for rent in January ranging in asking values from $7,100 (2BR Exuma Model) to $24,000 for residence #PH3702. Turnberry Ocean Colony North tower rentals had 3 condos rented in the last 6 months reflecting rented values at $8,000 on an Exuma, $10,000 for an Abaco model and $18,500 for a Martinique, each of which were furnished & turn key ready.

Turnberry Ocean Colony South Tower Condo Inventory, Sales & Rentals

(http://16047CollinsAvenue.com) Turnberry Ocean Colony South Tower resales reflect 16 (12% inventory) condo residences with the high price on a Grand Cayman model asking $5.950M and the building low on an Exuma model priced at $1.390M (4th floor). The average Turnberry Ocean Colony South tower list price per square foot reflects $841 with the average selling price per square foot from the last 6 months reflecting $718 psf at 232 days on market plus an averaged 90% sale to list price ratio (10% buyer discount).

Turnberry Ocean Colony South condo sales from the last 90 days report 3 sales ranging from $2.1M ($758 psf) on an Abaco model, $2.7M on a Eleuthera and $2.550M on a Penthouse Eleuthera. One Ocean Colony South Tower condo residence is pending sale today with an asking price of $3.850M.

There are 2 Turnberry Ocean Colony South Tower rentals listed in January with asking prices ranging from $9,000 (furnished 3 bedroom) and $9,555 for a 4 bedroom Martinique model. Residence #2304 has been pending for months at $11,000 and will hopefully be updated by the listing agent soon. The most recent rental was a furnished turn key 6 bedroom renting at $14,000 in November 2010.

Ready to Market Your Property at Turnberry Ocean Colony..

In Miami, it’s not the brokerage name recognition as it is in other Cities & Countries but instead more so dependent on the agent or Realtor® you decide to hire to market, expose, promote, show and sell or lease your property. When hiring someone to sell or lease your Ocean Colony condo, look for strong global marketing with local market knowledge and a proven track record & reputation selling luxury condos along Sunny Isles Beach. I’m ready to get started and accepting new Ocean Colony Condo listings to market globally here and on other luxury condo websites such as MiamiDreamRealty.com. Please stop by and visit me for further details on a superior marketing plan (5 Step Marketing) and efficient results whether selling or leasing your oceanfront condo.

In February 2010, I released a new addition to the Sunny Isles Beach condo collection with the Turnberry Ocean Colony Sunny Isles website to replicate the fun & success I had with the JADE Condos Sunny Isles authority website. Price points at Turnberry Ocean Colony dropped approximately 20% in 2009 alone and have shown us sales as low as $1.1M last year while prices today begin at $1.390M and noting steady turnaround with a renewed buyer confidence in Miami Beach oceanfront real estate. Now you have access to all the properties for sale & rent, new monthly condo updates, videos & sales statistics at the Turnberry Ocean Colony condo blog geared towards these exquisite oceanfront towers which are preferred by many. The original Sunny Isles Beach condo resource was revamped showcasing the entire luxury Southeast Florida MLS listing database while JADE Ocean, JADE Beach & Turnberry Ocean Colony MLS database access will also show you each new luxury property at your fingertips. You’ll also find excellent local statistics at the Miami Beach Real Estate Blog.

Feel free to leave a comment and let me know what’s on your mind regarding Turnberry Ocean Colony Towers on Sunny Isles Beach or any other luxury condo tower along the Miami Dade County coastline. Enjoy and thank you for visiting! 1.888.383.7326

Turnberry Ocean Colony Sunny Isles Beach Condo Sales & Stats for August 2010

Sunny Isles Beach Luxury Condo Sales & Statistics

Sunny Isles Beach condo inventory has increased 4% over the prior month to 1,132 total condos for sale and 41 closed sales in the last 30 days (27.6 month supply). So far in 2010, 463 Sunny Isles Beach condos have sold via MLS database with an average sale price per square foot at $239 per square foot. In a contrast comparison of luxury oceanfront condos specific to Collins Avenue and over $500k, we see 487 condos for sale with 122 closed sales so far this year averaging a selling price per square foot of $423 psf and selling at 89% of list price.

If we take the top 10% of 2010 luxury condo sales, we find an average sales price per square foot of $642 and an average asking price per square foot of $738 psf reflecting an average 13% discount for new buyers in the Sunny Isles Beach luxury real estate market. Last year 161 oceanfront condos over $500k sold via MLS with an average selling price per square foot of $420. The top 10 Sunny Isles Beach luxury condo sales from the last 90 days were found at Acqualina with 2 sales reflecting $785 & $714 per square foot. Turnberry Ocean Colony had 5 sales at $643, $625, $605, $552 & $704 per square foot. JADE Beach #3008 sold at $1.495M ($572 SP/SF) while Trump Royale had 2 sales at $494 & $457 per square foot..

Sunny Isles Beach condo inventory has decreased 11% year to date while sale to list price ratios are averaging 94% for the month of July. I’ll explore the fine analytics below and continue educating everyone interested in these traditional oceanfront condo towers known as Turnberry Ocean Colony South & Ocean Colony North Towers. What are the latest happenings & the very best condo deals at Turnberry Ocean Colony South & Ocean Colony North Towers in August 2010? On to the August Ocean Colony Condo details…

Turnberry Ocean Colony Condos | Market Summary August 2010

Price points at Turnberry Ocean Colony sold as low as $970,000 (record low) last year setting a new motion for buyer interest & condo sales in 2010. Prices today begin at $1.390M (2 Bedroom) and looking towards a fast turnaround with 4 recent pending contracts and 5 closed sales from $1.530M to $2.400M in the last 90 days. I believe Turnberry Ocean Colony South & North Towers will have a strong 2010 finish having noted the market bottom in 2009 with 26 closed sales averaging only $581 psf at steep buyer discounts. We should notice prices rising in the second half with the average asking price per square foot today at $831.

We’ll soon see the facts & truth in numbers reported here on all condo sales, statistics & market trends for Turnberry Ocean Colony Sunny Isles Beach. I’ll explore the fine analytics below educating everyone interested in these traditional luxury towers of Sunny Isles Beach. Here are the Ocean Colony details…

Turnberry Ocean Colony North Tower Condo Inventory, Sales & Rentals

(http://16051CollinsAvenue.com) Turnberry Ocean Colony North Tower resales now have 10 (8% inventory) condos for sale ranging in values from $1.439M (02 Exuma Model) to $3.950M for a 5 Bedroom/5.5 bath, 33rd floor condo residence. The average Turnberry Ocean Colony North tower list price per square foot reflects $880 ($890 in June) with the average selling price per square foot from the last 6 months reflecting $568 psf at 531 days on market plus an averaged 90% sale to list price ratio (10% buyer discount).

Turnberry Ocean Colony North condo sales from the last 90 days report 4 resales including (Abaco model) #3701 selling at $1.950M or $703psf, Penthouse#3504 (Eleuthera model) selling at $2.4M ($643psf). We see 4 pending condo sales with asking prices from $1.350M to $2.890M as buyers take advantage of discounted pricing and a renewed confidence in the Miami Beach residential condo market.

There are only 4 Ocean Colony North residences ranging in asking values from $6,850 (2BR Exuma Model) to $17,000 for residence #2403 (Martinique model). Turnberry Ocean Colony North tower rentals had 1 condo rented in the last 6 months at $7,700 for an unfurnished (Abaco model) 3 Bedroom.

Turnberry Ocean Colony South Tower Condo Inventory, Sales & Rentals

(http://16047CollinsAvenue.com) Turnberry Ocean Colony South Tower resales reflect 17 (13% inventory) condo residences averaging $796 per square foot with the high price on a Eleuthera model asking $5.850M and the building low on an Exuma model priced at $1.390M (4th floor). The average Turnberry Ocean Colony South tower list price per square foot reflects $796 with the average selling price per square foot from the last 6 months reflecting $648 psf at 207 days on market plus an averaged 95% sale to list price ratio (5% buyer discount).
Turnberry Ocean Colony South condo sales from the last 90 days report only 1 sale at a record low price of $1.530M ($552 psf) on condo #2801. Not one Ocean Colony South Tower condo residence is pending sale today.

There are 3 Turnberry Ocean Colony South rentals listed with asking prices ranging from $5,750 (furnished 2 bedroom) and upward to $8,000 for a 3 bedroom Abaco model. Residence #2304 & 2201 are pending at $11,000 and $9,000 respectively. The most recent rental was an unfurnished 5 bedroom renting at $8,000.

I’m Available to Market Your Property at Turnberry Ocean Colony

In Miami, it’s not so much the brokerage name recognition as it is in New York & other Countries but instead more so dependent on the agent or Realtor® you decide to hire to expose, promote, show & sell or lease your property. When hiring someone to sell or lease your Ocean Colony condo, look for strong global marketing with local market knowledge and a proven track record & reputation selling luxury condos along Sunny Isles Beach. I’m ready to get started and accepting new Ocean Colony Condo listings to market globally here and on other luxury condo websites. Please stop by and visit me for further details on a superior marketing plan (5 Step Marketing) and efficient results whether selling or leasing your oceanfront condo.
In 1Q 2010, I released a new addition to the Sunny Isles Beach condo collection with this Turnberry Ocean Colony Sunny Isles website to replicate the fun & success I’ve had with the JADE Condos Sunny Isles authority site. Price points at Turnberry Ocean Colony dropped approximately 20% in 2009 alone and have shown us sales as low as $1M last year while prices today begin at $1.390M and noting steady turnaround with 4 condos under contract this month.

Now you have access to all the properties for sale & rent, new monthly condo updates, videos & sales statistics at the Turnberry Ocean Colony condo blog geared towards these exquisite oceanfront towers which are preferred by many. The original Sunny Isles Beach condo resource was revamped showcasing the entire luxury Southeast Florida MLS listing database while JADE Ocean, JADE Beach & Turnberry Ocean Colony MLS database access have also been revamped for each new properties at your fingertips. You’ll also find awesome statistics at the Miami Beach Real Estate Blog.

Feel free to leave a comment and let me know what’s on your mind regarding Turnberry Ocean Colony South & Ocean Colony North Towers on Sunny Isles Beach or any other luxury condo tower along the Miami Dade County coastline. Enjoy and thank you for visiting!

**All figures & data derived from the Southeast Florida Regional (MLX) Multiple Listing Service.

Turnberry Ocean Colony Sunny Isles Beach Condo Sales, Inventory & Statistics for JUNE 2010

Sunny Isles Beach Luxury Condo Sales & Statistics

Sunny Isles Beach condo inventory is hovering 1,075 condos for sale and 44 closing in the last 30 days (24.4 month supply). So far in 2010, 338 Sunny Isles Beach condos have sold with an average sale price per square foot at $239. In a contrast comparison specific to luxury oceanfront condos on Collins Avenue (over $500k), we see 442 condos for sale with 80 closed sales so far this year averaging a selling price per square foot of $430 psf and selling at 90% of list price. Last year 162 oceanfront condos over $500k sold with an average selling price per square foot of $432.

If we take the top 10 luxury condo sales of the previous 90 day period, we find an average selling price per square foot of $585 ($566psf last month) and an average asking price per square foot of $651 ($618psf last month) reflecting an average 10% discount for new buyers (90% SP/LP%) in today’s Sunny Isles Beach condo market. 4 of the 10 highest closed sales were found at Turnberry Ocean Colony. The other top Sunny Isles Beach condo sales were found at Acqualina #PH4601 at $4.5M ($785psf), JADE Beach #4501 selling at $2M ($645psf), Trump Royale #4701 which sold at $1.490M ($494psf) along with record highs at Ocean One & Ocean Four.

Turnberry Ocean Colony Condos | Market Summary June 2010

Price points at Turnberry Ocean Colony sold as low as $970,000 (record low) last year setting a new motion for buyer interest & new sales in 2010. Prices today begin at $1.390M (2 Bedroom) and looking towards a fast turnaround with ‘9‘ recent pending contracts and 5 closed sales from $1.050M to $2.550M in the last 90 days. I believe Turnberry Ocean Colony South & North Towers will have a strong 2010 finish having noted the market bottom in 2009 with 26 closed sales averaging only $581 psf at steep buyer discounts. We should note prices rising this year with the average asking price per square foot today at $818. We’ll soon see the facts & truth in numbers reported here on all condo sales, statistics & trends for Turnberry Ocean Colony Sunny Isles Beach. I’ll explore the fine analytics below educating everyone interested in these traditional luxury towers of Sunny Isles Beach. On to the Ocean Colony details..

Turnberry Ocean Colony North Tower Condo Inventory, Sales & Rentals

(http://16051CollinsAvenue.com) Turnberry Ocean Colony North Tower resales now have 8 (6% inventory) residences ranging in values from $1.439M (02 Exuma Model) to $3.950M for a 5 Bedroom/5.5 bath, 33rd floor condo residence. The average Turnberry Ocean Colony North tower list price per square foot reflects $890 ($863 last month) with the average selling price per square foot from the last 6 months reflecting $548psf at 276 days on market plus an averaged 87% sale to list price ratio (13% buyer discount).

Turnberry Ocean Colony North condo sales from the last 90 days report 3 resales including the Abaco model (#901) selling at $1.8M ($649psf), the Eleuthera model selling at only $1.830M ($477psf) and the Exuma model which sold at $1.050M ($477psf). We see 8 pending condo sales with asking prices from $1.060M to $2.890M as buyers take advantage of discounted pricing and a renewed confidence in the Miami Beach residential condo market.

Turnberry Ocean Colony North tower rentals had 1 condo rented in the last 6 months at $7,700 for an unfurnished Abaco model (3 BR). There are only 4 Ocean Colony North residences ranging in asking values from $6,700 (2BR Exuma Model) to $28,000 (Penthouse #3702).

Turnberry Ocean Colony South Tower Condo Inventory, Sales & Rentals

(http://16047CollinsAvenue.com) Turnberry Ocean Colony South Tower resales now reflect 17 (13% inventory) condo residences averaging $774 per square foot with the high price on a Eleuthera model asking $4.295M and the low on an Exuma model priced at $1.390M (4th floor). In the last 90 days, 2 sales have occurred in the South Tower at a bargain price of $1.830M ($660psf) on condo #3101 while #2903, a 5BR, just sold at $2.550M ($733psf). Only 1 Ocean Colony South condo residence is pending sale with an asking value of $1.550M.. #2801 Abaco bargain!

There are 6 Turnberry Ocean Colony South rentals listed with asking prices ranging from $5,750 (furnished 2 bedroom) and upward to $10,000 for a 3 bedroom Abaco model. Residence #2304 is still pending at $11,000 while #2201 just went pending at an asking price of $9,000. The most recent rental was an unfurnished 5 bedroom renting at $8,000.

Thank you for Visiting the Turnberry Ocean Colony Blog

Now you have access to new monthly updates, videos & statistics geared towards these exquisite oceanfront towers of Turnberry Ocean Colony which are preferred by many. The original MiamiDreamRealty.com was revamped showcasing the entire Miami Dade Beaches luxury MLS listings for ease & immediate information for your knowledge. The upgraded MLS property search was also implemented here at TurnberryOceanColonySunnyIsles.com and you have Ocean Colony condo inventory for rent & sale at your fingertips! Feel free to leave a comment and let me know what’s on your mind pertaining to Turnberry Ocean Colony Condos or any other real estate along Sunny Isles Beach.

Turnberry Ocean Colony Sunny Isles Beach image

**All figures & data derived from the Southeast Florida Regional (MLX) Multiple Listing Service.

Turnberry Ocean Colony Sunny Isles Beach Condo Sales, Inventory & Statistics for MAY 2010

*Price points at Ocean Colony dropped approximately 20% in 2009 and sold as low as $970,000 (record low) last year setting a new spark for buyer interest & new sales in 2010. Prices today begin at $1.390M (2 Bedroom) and looking towards a fast turnaround with ‘12‘ recent pending contracts and 3 closed sales from $1.8M to $2.550M in the last 90 days! I believe Turnberry Ocean Colony South & North Towers will have a strong 2010 finish having noted the market bottom in 2009 with 27 closed sales averaging only $581 psf at steep buyer discounts. We should note prices rising this year with the average asking price per square foot today at $814. We’ll soon see the facts & truth in numbers reported here on all condo sales, statistics & trends for Turnberry Ocean Colony Sunny Isles Beach. I’ll explore the fine analytics below educating everyone interested in these traditional luxury towers of Sunny Isles Beach. On to the Ocean Colony details..

Turnberry Ocean Colony North Condo Inventory, Sales & Rentals

(http://16051CollinsAvenue.com) Turnberry Ocean Colony North Tower now has 8 (6% inventory) resales ranging in values from $1.439M (02 Exuma Model) to $3.950M for a 5 Bedroom/5.5 bath, 33rd floor condo residence. The average Turnberry Ocean Colony North tower list price per square foot reflects $863 with the average selling price per square foot from the last 6 months reflecting $849psf at 103 days on market plus an averaged 84% sale to list price ratio (16% buyer discount).

Turnberry Ocean Colony North condo sales from the last 90 days report only 1 sale on the MLS on the Abaco model (#901) selling at $1.8M ($649psf) with 10 pending sales as buyers take advantage of discounted pricing and a renewed confidence in the Miami residential market.

Turnberry Ocean Colony North tower rentals had 1 condo rented in the last 6 months at $7,700 for an unfurnished Abaco model (3 BR). There are only 4 Ocean Colony North residences ranging in asking values from $6,700 (2BR Exuma Model) to $28,000 (Penthouse #3702).

Turnberry Ocean Colony South Condo Inventory, Sales & Rentals

(http://16047CollinsAvenue.com) Turnberry Ocean Colony South Tower is interesting to watch with 16 (12% inventory) condos for sale averaging $778per square foot with the high price on a Eleuthera model asking $4.295M and the low on an Exuma model priced at $1.390M (17th floor). In the last 90 days, 2 sales have occurred in the South Tower at a bargain price of $1.830M ($660psf) on condo #3101 while #2903, a 5BR, just sold at $2.550M ($733psf). 2 condo residences are pending sale reflecting asking values of $1.550M (#2801 Abaco Steal!) and $1.895M on #2201.

There are 6 Turnberry Ocean Colony South rentals listed with asking prices ranging from $5,750 (furnished 2 bedroom) and upward to $10,000 for a 3 bedroom Abaco model. Residence #2304 is still pending rental at $11,000 and the most recent rental was an unfurnished 5 bedroom renting at $8,000.

Sunny Isles Beach Luxury Condo Sales & Statistics

Sunny Isles Beach condo inventory is hovering 1,060 condos for sale and 64 closing in the last 30 days (16.5 month supply). So far in 2010, 277 Sunny Isles Beach condos have sold with an average sale price per square foot at $244. In a contrast comparison specific to luxury oceanfront condos on Collins Avenue (over $500k), we see 412 condos for sale with 64 closed sales so far this year averaging a selling price per square foot of $423 psf and selling at 90% of list price. Last year 162 oceanfront condos over $500k sold with an average selling price per square foot of $422.

If we take the top 10 luxury condo sales of the previous 90 day period, we find an average selling price per square foot of $566 and an average asking price per square foot of $618 reflecting an average 8% discount for new buyers (92% SP/LP%) in today’s Sunny Isles Beach condo market. 3 of the 10 highest closed sales were at Turnberry Ocean Colony. The other top Sunny Isles Beach condo sales were found at JADE Beach #4501 selling at $2M ($645psf), Ocean One #2510 selling at $1.450M ($453psf), JADE Beach #3308 selling at $1.420M ($442psf), Acqualina #704 at $1.299M ($638psf) and Trump Palace #3901 selling at $1.270M ($593psf).

Now you have access to new monthly updates, videos & statistics geared towards the gorgeous oceanfront towers of Turnberry Ocean Colony which many people prefer. In March, the original MiamiDreamRealty.com was revamped showcasing the entire Miami Dade Beaches luxury MLS listings for ease & immediate information for your knowledge. I’m adding an upgraded MLS search here at TurnberryOceanColonySunnyIsles.com this week! What else would you like to see reported here on the TOC Blog? Leave a comment and let me know what’s on your mind pertaining to Turnberry Ocean Colony Condos of Sunny Isles Beach.

Turnberry Ocean Colony Sunny Isles Beach

**All figures & data derived from the Southeast Florida Regional (MLX) Multiple Listing Service.