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Real Estate Market Report – Condominiums in 33160

Sunny Isles Beach, FL

Condominiums in zip code 33160 (including Sunny Isles Beach & North Miami Beach)

There are currently 2,084 condominiums listed for sale in the 33160 zip code.

  • Highest priced listing: $12,900,000 (4 BR 4.5 BA at Acqualina Ocean Resort)
  • Lowest priced listing:  $40,000 (cabana w/ bathroom at  Oceania III Condo)
  • Pending Sales:  263
  • Closed sales in the past 30 days: 60
    • Highest sale price:  $2,000,000 (4 BR 6.5 BA at Turnberry Ocean Colony)
    • Lowest sale price:  $35,000 foreclosure (1 BR 1 BA at Tall Trees Condo)

Now take a look at the market by quartiles.  Each quartile is 25% of the homes.

Condos in 33160 - Characteristics per Quartile

In the quartile market segments, we see the lower half of this zip code is showing slight pricing weakness, while the upper half of the market is slightly positive.  Quartile 1 has been trending up recently, but unless we see a persistent up-shift in the Market Action Index (MAI), it will likely resume the trend of the rest of the market.  Currently the MAI for this market is 11 signifying a Buyer’s market.

Sunny Isles Beach, FLSunny Isles Beach, Florida 33160

For more information contact me at (305) 329-4929 or solovay.m@ewm.com

Written by Michael Solovay | Discussion: 1 Comment »

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