Ten Museum Park Condos 2014 Year-End Market Report

Ten Museum Park Condos 2014 Year-End Market Report

Ten Museum Park condo sales throughout 2014 were positive as the average and median sales prices increased and the average and median sales prices per square foot increased by 15.1% and 13.7% respectively, according to data compiled from the Multiple Listing Service (MLS) as of January 12, 2015.

Local market trends are an important factor when determining the strength of the Miami real estate market.  Furthermore, it is necessary to compile all of the sales statistics for a specific Miami condo building to determine the strength of the respective condo building.  So, I have compiled all of the 2014 and 2013 closed sales data of Ten Museum Park from the MLS and displayed it below along with a comparison of the year-over-year numbers from 2014 to 2013.

2014 vs. 2013 – Ten Museum Park Condo Sales Year-Over-Year Numbers:

• Total Number of Sales: – 5 Sales
• Average Sales Price: + $57,110
• Median Sales Price: + $66,250
• Average Sales Price Per SQ/FT: + $60.46 (+15.1%)
• Median Sales Price Per SQ/FT: + $54.31 (+13.7%)

2014 – Ten Museum Park Condo Sales by the Numbers:

• Total Number of Sales: 14
• Average Sales Price: $ 575,321
• Median Sales Price: $ 496,250
• Average Sales Price Per SQ/FT: $ 461.67
• Median Sales Price Per SQ/FT: $ 450.57
• Highest Priced Sale of 2014: Unit 3704 Closed on 12/26/2014 @ $980,000 ($566.47 per sq/ft)
• Lowest Priced Sale of 2014: Unit 1708 Closed on 10/10/2014 @ $338,000 ($418.32 per sq/ft)

Ten Museum Park Condos 2014 Closed Sales

2013 – Ten Museum Park Condo Sales by the Numbers:

• Total Number of Sales: 19
• Average Sales Price: $ 518,211
• Median Sales Price: $ 430,000
• Average Sales Price Per SQ/FT: $ 401.21
• Median Sales Price Per SQ/FT: $ 396.26
• Highest Priced Sale of 2013: Unit 2704 Closed on 09/24/2013 @ $905,000 ($465.06 per sq/ft)
• Lowest Priced Sale of 2013: Unit 2905 Closed on 02/28/2013 @ $285,000 ($341.32 per sq/ft)

Ten Museum Park Condos 2013 Closed Sales

If you, or someone you know, would like more information on Ten Museum Park 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 Ten Museum Park.  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.