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Turnberry Ocean Colony Sunny Isles Beach | Condo Sales & Trends March 2016

Turnberry Ocean Colony Sunny Isles Beach | Condo Sales & Trends

Turnberry Ocean Colony South & North Towers

Turnberry Ocean Colony South & North Towers

Sunny Isles Beach Luxury Condo Sales & Trends – March 2016

Sunny Isles Beach condo inventory has increased 22% since the prior 2015 blog post to 1,336 total condos for sale and 37 closed sales in the last 30 days (36 month supply). A healthy market is 6 months or less so to call this a strong buyer’s market is an understatement.

Sold via MLS database:

  • March 18th, 2016 – 107 YTD Sales with an average selling price per square foot of $359 PSF (17% Decrease)
  • 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 463 Sunny Isles Beach condos for sale today. There have been 23 closed sales this year averaging a selling price per square foot of $734 PSF and selling at 92% of list price (Average 8% buyer discount) at 209 days on market.

  • 2015 – 262 Sales with an average selling price per square foot of $740 (5% 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 with buyers purchasing at an approximate 12% discount.

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 $2.288M (2 Bedroom) and upwards of $9.499M (4 bedroom penthouse). We have an interesting year 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 not see much appreciation in either North & South Towers going forward into 2016; 2-5% anticipated at best. The average asking price per square foot today at $1,156 {$1,186 in 2015} while ‘sold values’ per square foot so far this year average $N/A PSF – Nothing 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 an unknown moving forward. The strong US dollar has the International buyer sitting on the fence and simply watching.

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 $2.299M (Exuma Model) to $6.2M for a 4 Bedroom, Eleuthera residence. The average Turnberry Ocean Colony North tower list price per square foot reflects $1,135. with the average selling price per square foot for the last six months reflecting $1,034 PSF at 120 days on market. The average sale to list price ratio is 90% (10% buyer discount).

It’s important to note there was just ONE sale in the last 6 months.

Turnberry Ocean Colony South Tower Condo Inventory & Sales

Turnberry Ocean Colony South Tower (16047 Collins Avenue) has 11 condo residences for sale today (8% inventory) with prices ranging from $2.288M to $9.499M. The average Turnberry Ocean Colony South tower list price per square foot reflects $1,189 PSF. There has also been just one sale in the last 6 months with the average

There has also been just one sale in the last 6 months with the average selling price per square foot of $978 PSF at 23 days on market. The average sale to list price ratio is 90% (10% 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 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 find efficient results whether selling or leasing your property. Sunny Isles Beach luxury real estate is in the process of development releasing another 3,000+ condos within the next 2 years. 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 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 to the right buyers.

Buying Turnberry Ocean Colony?

I’m a Miami area real estate specialist. Since 2002 I’ve sold & marketed my backyard and South Florida playground from Sunny Isles Beach to South Beach along with Aventura to Coral Gables. 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 until 2016 in reference to Miami oceanfront real estate. 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 but you do have leverage today in buying low.

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. Access all properties for sale & rent, new condo updates, videos & sales statistics at this Turnberry Ocean Colony condo website & blog positioned at the forefront of these luxury oceanfront condo towers.

Let’s discuss Miami real estate.. call me at 305.978.7704!

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I’m a South Florida real estate broker-associate with the leading firm – ONE Sotheby’s International Realty. Whether you’re looking for corporate relocation, off-market properties, new construction, waterfront estates, condo resales, land for development, market trends or just plain good deals, I have it all ready for you. Gain fast access to the latest in real estate trends, sales & statistics, new listings, preferred developments, important South Florida news updates by signing up to the Monthly e-News to the right. My social media channels above are also a valuable resource!

The Miami Beach Real Estate Blog is a comprehensive online resource for Sunny Isles & Miami Beach real estate information. Contact me for the very best properties along Miami BeachSunny Isles BeachAventuraBal HarbourSurfsideNorth Bay Village and South Beach. I also cover premier areas of Fort LauderdaleKey BiscayneCoconut GroveCoral Gables and Bay Harbour IslandsSunny Isles Beach Penthouses are beyond the extraordinary with a few jaw-dropping properties available for sale. When you’re ready to buy, sell or lease in Miami or Fort Lauderdale, contact me at #888.383.7326. No pressure, just professional & honest advice.

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Turnberry Ocean Colony Sunny Isles Beach Condo Sales, Stats & Trends June 2014

Turnberry Ocean Colony Sunny Isles Beach Condo Sales, Stats & Trends June 2014

Sunny Isles Beach Luxury Condo Sales & Statistics – June 2014

Sunny Isles Beach condo inventory has increased 3% since the prior 2014 blog post to 826 total condos for sale and 53 closed sales in the last 30 days (15.5 month supply). Sunny Isles Beach condos Sold (via MLS database):

  • Today, as of June 13th, we see 379 closed sales in 2014 with an average selling price per square foot of $418 (7% Increase).
  • 2013 Sales totaled 1,006 with an average sale price per square foot at $387 PSF (15% Increase).
  • 2012 Sales totaled 1,051 with an average sale price per square foot of $329 PSF (22% Increase).
  • 2011 Sales, 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 411 condos for sale today with 143 closed sales this year averaging a selling price per square foot of $675 psf and selling at 94% of list price (Average 6% buyer discount) and 121 days on market. Sales oceanfront condos over $500k sold:

  • 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

If we take the top 10 of 2014 luxury condo sales, we find an average sales price per square foot of $1,133 and an average asking price per square foot of $1,255 psf reflecting an average 10% discount for new buyers in the Sunny Isles Beach luxury real estate market.

The Top 10 Sunny Isles Beach Luxury Condo Sales

In the last 90 days the highest sales were found at Regalia Residences with its 1st closing of $10.7M or $1,940 PSF setting a new area record for Sunny Isles beach. Turnberry Ocean Colony was a huge performer having 6 sales at $1,078, $1004, $1004, $1,043, $950, $847 psf while Oceania V had a trophy penthouse sale at $749 psf. There were also 2 high sales at JADE Ocean ($1,283 psf) and Trump Tower I ($939 psf).

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

Price points at Turnberry Ocean Colony in 2013 showed 18 total sales as low as $1.740M with a record high of $3.7M. 2009 set a record low for Turnberry Ocean Colony of $970k while 2011 had the highest sale at $4.9M. 2011 year was considered the turnaround year for the local Sunny Isles Beach real estate market and notably T.O.C. values have done considerably well as we looked at aggressive prices and strong sales to match. Turnberry Ocean Colony South & North Towers will remain a strong contender for years to come even among new construction having noted the market bottom in 2009 with 26 closed sales averaging only $581 psf at steep buyer discounts.

Prices today begin at $2.188M (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 $1,206 ($1,270 in April, $1,068 in January, $984 in 2013, $1,051 in 2012, $972 psf in 2011 and $864 in 2010) while ‘sold values’ per square foot so far this year average $971 PSF.

Turnberry Ocean Colony North Tower Condo Inventory, Sales & Rentals

(16051CollinsAvenue.com) Turnberry Ocean Colony North Tower resales have 7 condos (5% inventory) for sale ranging in values from $2.199.500M (02 Exuma Model) to $4.999M for a 4 Bedroom, 32nd floor, Eleuthera residence beautifully remodeled. The average Turnberry Ocean Colony North tower list price per square foot reflects $1,189 with the average selling price per square foot from the last 6 months reflecting $999 psf at 340 days on market plus an averaged 92% sale to list price ratio (8% buyer discount).

Turnberry Ocean Colony North condo sales from the last 90 days show us 3 resales selling at an averaged $999 psf. Buyers are continuing to grab premier property when it comes to luxury real estate around $1,000 PSF along the Miami Beaches. With a large International demand, central location to major airports, strong confidence and a seller’s market, Miami has become a safe haven for many.

Search Turnberry Ocean Colony North Tower Condos for Sale

There are 6 Turnberry Ocean Colony North condos for rent in June with prices ranging from $12,000 to $22,900 all of which are Furnished. The North tower has seen only 1 rental this year with #702 rented in January for $9,000 as a furnished Exuma model.

Search Turnberry Ocean Colony North Tower Condos for Rent

Turnberry Ocean Colony South Tower Condo Inventory, Sales & Rentals

(16047CollinsAvenue.com) Turnberry Ocean Colony South Tower resales reflect 8 condo residences for sale today (6% inventory) with prices ranging from $2.188M to $9.499M. The average Turnberry Ocean Colony South tower list price per square foot reflects $1,206 with the average selling price per square foot this year reflecting $982 at 117 days on market plus an averaged 90% sale to list price ratio (10% buyer discount).

Search Turnberry Ocean Colony South Tower Condos for Sale

There are 3 Turnberry Ocean Colony South Tower rentals listed in June with asking prices ranging from $10,750 (unfurnished 2 bedroom) to $20,900 (partially furnished 3 bedroom).

Search Turnberry Ocean Colony South Tower Condos for Rent

Selling or Leasing 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 & reputation selling luxury condos along Sunny Isles Beach. I’m available to market globally here on this website and on other luxury condo websites found below. Visit me today for further details on a very powerful Marketing Strategy and efficient results whether selling or leasing your oceanfront condo.

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 authority website. In April of this year, I joined ONE Sotheby’s International Realty for an extraordinary International marketing presence. This International powerhouse along with my personal marketing is sure to showcase and deliver your premier property to the world and to the right buyers.

Buying at Turnberry Ocean Colony?

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’s 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.

If you would like to schedule a meeting with me, contact my office at 786.27.DREAM or toll free at 888.38.DREAM. 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 now, please feel free to call me direct at #305.978.7704 or send me a note here.

Turnberry Ocean Colony Sunny Isles Beach image

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Turnberry Ocean Colony Sunny Isles Beach Condo Sales, Stats & Trends April 2014

Sunny Isles Beach Luxury Condo Sales & Statistics – April 2014

Sunny Isles Beach condo inventory has increased 14% since the prior 2014 blog post to 803 total condos for sale and 57 closed sales in the last 30 days (14 month supply). Sunny Isles Beach condos Sold (via MLS database):

  • Today, as of April 22nd, we see 249 closed sales in 2014 with an average selling price per square foot of $436 (11% Increase).
  • 2013 Sales totaled 1,006 with an average sale price per square foot at $387 PSF (15% Increase).
  • 2012 Sales totaled 1,051 with an average sale price per square foot of $329 PSF (22% Increase).
  • 2011 Sales, 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 389 condos for sale today with 105 closed sales this year averaging a selling price per square foot of $668 psf and selling at 94% of list price (Average 6% buyer discount). Sales oceanfront condos over $500k sold:

  • 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

If we take the top 10 of 2014 luxury condo sales, we find an average sales price per square foot of $1,079 and an average asking price per square foot of $1,176 psf reflecting an average 8% discount for new buyers in the Sunny Isles Beach luxury real estate market.

The Top 10 Sunny Isles Beach luxury condo sales

In the last 90 days the highest sales were found at Turnberry Ocean Colony having 5 sales at $1,221, $1004,$950, $1,024, & $958 psf while Oceania V had a trophy penthouse sale at $749 psf. There were 2 high sales at JADE Ocean ($1,085 & $1,288 psf) and 2 high Sales at JADE Beach ($1,190 & $1,048 psf).

Turnberry Ocean Colony…

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

Price points at Turnberry Ocean Colony in 2013 showed 18 total sales as low as $1,740M with a record high of $3.7M. 2009 set a record low for Turnberry Ocean Colony of $970k while 2011 had the highest sale at $4.9M. 2011 year was considered the turnaround year for the local Sunny Isles Beach real estate market and notably T.O.C. values have done quite well as we looked at aggressive prices and strong sales to match. Last year there were 18 closed sales ranging from $1.740M (2 bedroom) to $3.7M (4 bedroom). Turnberry Ocean Colony South & North Towers will remain a strong contender for years to come even among new construction having noted the market bottom in 2009 with 26 closed sales averaging only $581 psf at steep buyer discounts. Prices today begin at $2.188M (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 $1,270 ($1,068 in January, $984 in 2013, $1,051 in 2012, $972 psf in 2011 and $864 in 2010) while ‘sold’ price per square foot so far this year averages $998 PSF.

Turnberry Ocean Colony North Tower Condo Inventory, Sales & Rentals

(16051CollinsAvenue.com) Turnberry Ocean Colony North Tower resales have 9 condos (7% inventory) for sale ranging in values from $2.245M (02 Exuma Model) to $4.299M for a 4 Bedroom, 16th floor, Eleuthera residence beautifully remodeled! The average Turnberry Ocean Colony North tower list price per square foot reflects $1,144 with the average selling price per square foot from the last 6 months reflecting $969 psf at 188 days on market plus an averaged 91% sale to list price ratio (9% buyer discount).

Turnberry Ocean Colony North condo sales from the last 90 days show us 2 resales selling at an averaged $977 psf. Buyers are continuing the property grab when it comes to premier luxury real estate along the Miami Beaches. With a large International demand, central location to major airports, strong confidence and a seller’s market, Miami has become a safe haven for many.

There are 4 Turnberry Ocean Colony North condo for rent in April with prices ranging from $16,500 to $20,900 all of which are Furnished. Turnberry Ocean Colony North tower had only 1 rented value this year renting #702 for $9,000 on a furnished Exuma model.

Turnberry Ocean Colony South Tower Condo Inventory, Sales & Rentals

(16047CollinsAvenue.com) Turnberry Ocean Colony South Tower resales have 10 condo residences for sale today (8% inventory) with prices ranging from $2.188M to $9.499M. The average Turnberry Ocean Colony South tower list price per square foot reflects $1,193 with the average selling price per square foot this year reflecting $1.068 at 112 days on market plus an averaged 95% sale to list price ratio (5% buyer discount).

There are 3 Turnberry Ocean Colony South Tower rentals listed in April with asking prices ranging from $10,750 (unfurnished Exuma 2 bedroom) to $24,990 (furnished Abaco 3 bedroom).

Selling or Leasing at Turnberry Ocean Colony?

In Miami, results are very dependent on the broker or Realtor® you decide to hire to service, show and sell your property. 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 & reputation selling luxury condos along Sunny Isles Beach. I’m available to market globally here on this website and on other luxury condo websites such as MiamiPenthousesandEstates.com & MiamiDreamRealty.com. Visit me today for further details on a very powerful marketing plan (Marketing Strategy) and efficient results whether selling or leasing your oceanfront condo. 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 success I had with the JADE Condos Sunny Isles authority website. In April of this year, I have joined ONE Sotheby’s International Realty for an even better International marketing presence. This global powerhouse is sure to showcase your premier property to the world. 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 Beach oceanfront real estate.

Buying at Turnberry Ocean Colony?

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

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 geared towards these luxury oceanfront condo towers.

If you would like to discuss Miami real estate, please contact my office at 786.27.DREAM or toll free at 888.38.DREAM to make an appointment. I’m a Miami area real estate specialist.  Since 2002, I have sold & serviced Sunny Isles Beach to South Beach along with Aventura to Coral Gables.  If you would like to schedule a meeting with me, please feel free to call me directly at (305) 978-7704 or send me a note here.

RECEIVE MY BLOG UPDATES DIRECTLY TO YOUR INBOX, SUBSCRIBE HERE!

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