2014 was a good sales year for 900 Biscayne Bay as the median sales price increased, average sales price per square foot increased and median sales price per square foot increased, according to data retrieved from the Multiple Listing Service (MLS).
Since Miami real estate market trends are important to know and understand, it is important to look at the year-over-year numbers to determine where the local market is heading. So, I compiled all of the 2014 and 2013 closed sales data of 900 Biscayne Bay condos from the MLS. I compared the year-over-year numbers from 2014 and 2013 and listed the statistics below.
2014 vs. 2013 – 900 Biscayne Bay Condo Sales Year-Over-Year Numbers:
- Total Number of Sales: + 6 Sales
- Average Sales Price: – $23,238
- Median Sales Price: + $135,000
- Average Sales Price Per SQ/FT: + $8.33 (+1.6%)
- Median Sales Price Per SQ/FT: + $13.75 (+2.7%)
2014 – 900 Biscayne Bay Condo Sales by the Numbers:
- Total Number of Sales: 49
- Average Sales Price: $793,286
- Median Sales Price: $745,000
- Average Sales Price Per SQ/FT: $521.53
- Median Sales Price Per SQ/FT: $514.29
- Highest Priced Sale of 2014: Unit 5907 (Penthouse) Closed on 02/10/2014 @ $2,000,000 ($565.77 per sq/ft)
- Lowest Priced Sale of 2014: Unit 403 Closed on 04/30/2014 @ $390,000 ($374.28 per sq/ft)
2013 – 900 Biscayne Bay Condo Sales by the Numbers:
- Total Number of Sales: 43
- Average Sales Price: $ 816,524
- Median Sales Price: $ 610,000
- Average Sales Price Per SQ/FT: $513.20
- Median Sales Price Per SQ/FT: $500.54
- Highest Priced Sale of 2013: Unit 5506 Closed on 12/13/2013 @ $2,900,000 ($741.50 per sq/ft)
- Lowest Priced Sale of 2013: Unit 3210 Closed on 12/09/2013 @ $350,000 ($339.48 per sq/ft)
If you, or someone you know, would like more information on 900 Biscayne Bay condos or any other condos in Downtown Miami, please contact me, Michael Light of Miami Luxury Homes. I have direct knowledge of the Downtown Miami condo market and have sold and rented many condo units at 900 Biscayne Bay. So, please call me with any questions you may have about 900 Biscayne Bay or the Miami condo market. You can reach me directly at my office at 305-350-9842, on my cell phone at 786-566-1700 or via email at michael@miamiluxuryhomes.com.