Marina Blue Condos 2014 Year-End Market Report

Marina Blue Condos 2014 Year-End Market Report

What a great start to a brand new year…increased sales and prices of Marina Blue condos coming off a rising year of 2014.

As you know, the real estate market has trends, so it is important to look at the year-end numbers from previous years to get a good idea of where the local market is heading.  So, in order to look at the market trends, I compiled all of the 2014 and 2013 closed sales data of Marina Blue condos from the MLS.  I compared the year-over-year numbers from 2014 and 2013 and listed the statistics below.  Fortunately, from 2013 to 2014, prices increased, sales increased and price per square foot increased…that’s a good sign!

2014 vs. 2013 Marina Blue Condo Sales Year-Over-Year Numbers:

• Total Number of Sales: + 5 Sales
• Average Sales Price: + $8,014
• Median Sales Price: + $10,000
• Average Sales Price Per SQ/FT: + $6.08 (+ 1.5%)
• Median Sales Price Per SQ/FT: + $4.97 (+ 1.2%)

2014 Marina Blue Condo Sales by the Numbers:

• Total Number of Sales: 36
• Average Sales Price: $504,208
• Median Sales Price: $485,000
• Average Sales Price Per SQ/FT: $421.93
• Median Sales Price Per SQ/FT: $414.74
• Highest Priced Sale of 2014: Unit 5009 Closed on 05/07/2014 @ $800,000 ($456.10 per sq/ft)
• Lowest Priced Sale of 2014: Unit 1511 Closed on 04/10/2014 @ $355,000 ($420.12 per sq/ft)

Marina Blue Condos 2014 Closed Sales Data

2013 Marina Blue Condo Sales by the Numbers:

• Total Number of Sales: 31
• Average Sales Price: $496,194
• Median Sales Price: $475,000
• Average Sales Price Per SQ/FT: $415.85
• Median Sales Price Per SQ/FT: $409.77
• Highest Priced Sale of 2013: Unit 5705 (Penthouse) Closed on 10/01/2013 @ $1,300,000 ($458.23 per sq/ft)
• Lowest Priced Sale of 2013: Unit 711 Closed on 01/18/2013 @ $310,000 ($366.86 per sq/ft)

Marina Blue Condos 2013 Closed Sales Data

If you, or someone you know, would like more information on Marina Blue condos or any other condos in Downtown Miami, please contact me, Michael Light of Miami Luxury Homes.  I have direct knowledge of Marina Blue as I lived there for 3 years and have sold and rented many condos in this building.  So, please call me with any questions you may have about Marina Blue 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.