Sunday, April 04, 2010

THE BEACH CLUB CONDOS - Hallandale - Update

Surprising statistics at the Beach Club Condos in Hallandale.

As of April 4th, 2010
There were a total of 165 units for sale on the MLS. Of those:

38 at the Beach Club One - 1 studio, 5 one-bedroom, 10 2-bedroom, 22 3-bedroom
60 at the Beach Club Two - 2 studio, 12 one-bedroom, 23 two-bedroom, 23 three-bedroom
67 at the Beach Club Three - 1 one-bedroom, 18 two-bedroom, 42 three-bedroom

During the previous 12 months, 121 units were sold at the Beach Club complex.

29 at the Beach Club One - sale prices between $290,000 and $900,000
51 at the Beach Club Two - sale prices between $213,900 and $1,750,000
47 at the Beach Club Three - sale prices between $286,000 and $850,000

That indicates one fact: At the present rate of sales, the inventory at the Beach Club will be reduced to a minimum quantity. There is a 15 month inventory. About 11% of the total units.
This is the healthiest it has been since the complex inauguration.

Buyers are mostly in solid financial condition. Many have bought their unit cash. Whoever could have got a mortgage loan must have been a privileged borrower, with great paying ability.

The Beach Club Complex is a luxury complex right on the ocean in Hallandale.

Henry B. Nathan is a Florida Realtor at United Realty Group Inc.
Visit my website:
where you can search for Aventura Condos, Florida Condos, Sunny Isles Condos,
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