SoFi Real Estate Experiences 85% Increase in Q2/2018

South of Fifth, Miami Beach Real Estate Highlights for Q2/2018:

The Second Quarter Real Estate Results are strong to say the least for the South of Fifth (SoFi) Luxury Towers of Continuum North and South, ICON, Murano Grande, and Murano Portofino. There was an Increase of 85%  Units Sold in the South of Fifth neighborhood from Q1 to Q2 of this year.  Total Sales for these Luxury Condos equaled 24 Units compared to 13 Units in Q1.

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Top Three Sales for Luxury Towers in the South of Fifth Neighborhood

Top Spot for Q2 recorded sales at Continuum North Tower.  Unit #3501 – a 3,030 square foot 3Bed/4Bath at Continuum North sold for $9,300,000. This unit also was also the top earner per square foot at $3,069 a foot and received 89% of its original asking price.

Continuum South #1706 earned the #2 Spot.  This 2,508 square foot 3Bed/3Bath at Continuum South recorded a Sale of $6,437,500 at $2,566 SP$ per SqFt and gave away little on the sale, acquiring 97% of asking price.

Murano at Portofino #TH-M4 rounds out the Top 3.  This 3Bed/4.5 Bath Unit sold for $5,987,500, 93% of its asking price and earned $1,625 SP$ per SqFt.

 

Continuum on South Beach (North Tower) Results – 50 South Pointe Dr, Miami Beach

Continuum North closed on Six (6) Units in Q2 with an Average Combined Days on Market of 331.  This is a 100% increase from Q1’s closings of 3 Units. Continuum North sales garnered an average of 89% of their asking price and the average price per square foot was $1,907.

Continuum on South Beach (South Tower) Results – 100 South Pointe Dr, Miami Beach

Continuum South tower closed Five (5) Units in Q2, a 25% increase from Q1 with an Impressive average Days on Market (DOM) of just 110.  Units sold for 91% of their asking price at an average of $1,623 SP$ per SqFt.

 

ICON South Beach Results – 450 Alton Rd, Miami Beach

ICON South Beach recorded Five (5) sales as well this quarter, up from 3 sales in Q1.  Units sold on average in 194 Days at 91% of their asking price at.   Unit 1702 sold for $2,000,000 – the highest price per square foot in the building at $1,008.

Murano Grande – 400 Alton Rd, Miami Beach

The Murano Grande closed on a total of 4 Units in Q2 / 2018, a 300% increase from its One (1) Sale in Q1. Top Sale went to Unit #3001 at $5,500,000 a 3Bed/3.5 Bath totaling 3,979 sf equating to $1,382 SP$ per SqFt.

Murano at Portofino – 1000 South Pointe Dr, Miami Beach

A Total of Four (4) Units sold at Murano Portofino this quarter. Another 100% gain in total units sold from Q1 of this year.  Units at the Portofino averaged the highest % of asking price of the Luxury Towers at 93% of List price with an average DOM of 336 days.  

Worldwide Properties.com has been seeing a huge increase in real estate searches on our Website, nearly 300% more visitors in the month of June alone.  Many of our Buyer leads of Luxury Real Estate have been direct visitors to our Website. Buyers still prefer to do their preliminary real estate shopping from the comforts of their own homes.  Is some case these Miami Buyers are purchasing properties sight unseen with the assistance of today’s technology.  Worldwide Properties Broker Eddy Martinez predicts positive results for this upcoming quarter as well. We have sold Miami Beach luxury condos in 30 days or less in this hot real estate market, said Martinez. 

Ready to go Worldwide?

Contact us for a Private Appointment at 786.253.3949 or email us at info@worldwideproperties.com –  to see how we can help you find the perfect Miami Home or assist you will Selling your Miami Luxury Real Estate FAST! 

 

ABOUT WORLDWIDE PROPERTIES

Worldwide Properties is a full-service residential and commercial brokerage firm located in South Beach’s chic South of Fifth neighborhood. Our world-class sales and marketing teams of brokers and real estate associates represent the most elegant and luxurious private homes, condominiums and commercial projects in South Florida and the Caribbean.

Our vast international network of contacts and clients in the United States, Caribbean, Europe, Asia, and South America can depend upon our highly experienced, multi-lingual sales teams to plan and execute strategic acquisitions of the most exclusive and exquisite real estate worldwide.

Worldwide Properties has two South Beach locations at 225 Collins Avenue, Ste 101, Miami Beach, FL and our Murano Grande Branch located at 400 Alton Rd, TH 104-M, Miami Beach, FL 33139.

 

  

 

 

 

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