Sunday, July 05, 2009

Ocean Two Condos - Sunny Isles Beach - Activity Report

LISTINGS AND SALES ACTIVITY AT OCEAN TWO CONDOS

IN SUNNY ISLES BEACH


Report as of: July 5TH, 2009


OCEAN TWO CONDOS


At this time there are 18 Units available for sale at OCEAN TWO CONDOMINIUMS

2 bedrooms, 2.5 bathrooms - Line 07 - 1900 Sq. Ft. - 3 Units, priced from $859,000 to $975,000

3 bedrooms, 3 bathrooms - Line 03 and 06 - 2,150 Sq. Ft. – 4 Units, priced from $820,000 to $910,000

3 bedrooms, 4.5 bathrooms - Line 04 and 05 – 2,440 Sq. Ft. – 9 Units, priced from $879,000 to $1,300,000

(Note: $879,000 listing is still unresolved short-sale.)

3 bedrooms, 4.5 bathrooms - Line 01 and 08 – 2,665 Sq. Ft. - 2 Units, priced $1,375,000 and $1,390,000

Least expensive available: Unit 203 –2,150 Sq. Ft. - $820,000

Most expensive available: Unit 908 – 2,665 Sq. Ft. - $1,390,000


In the last 90 days, only 2 sales have been recorded.

Unit 905 – 2,440 Sq. Ft. - $940,000

Unit 603 - 2,150 Sq. Ft. - $735,000

This is an average of one sale every 45 days at the Ocean Two Condominiums.

Only 18 Units are listed for sale at this time at the Ocean Two Condos.

The total of apartments at the Ocean Two Condos is: 254

The percentage of Ocean Two Condos apartments for sale as of July 4th, 2009 is: 7.08%


Notes:

I read in the Miami Herald this week that the Ocean Two Condos were classified within Sunny Isles Beach and Dade County condominium buildings one of the best performing condominiums, as far as maintaining their values since the peaks of 2004/2005.

I understood from that article that Ocean Two Condos have not lost more than an average of about 10% since the highest values were registered at the peak of the market in 2004/2005.

That might right.

Looking at the statistics we are analyzing here, only 7% of the total apartments in this building are presently for sale. Quite a healthy index that says a lot about the high demand of Ocean Two Condos. Undoubtedly they represent one of the best values in Sunny Isles Beach.


Henry B. Nathan is a Florida Realtor at United Realty Group Inc. and a Florida

Visit my website: http://www.condo-southflorida.com/ where you can search for Hallandale Beach Condos, Sunny Isles Condos

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