Jade Condos Sunny Isles Beach Blog

Jade Condos Sales & Trends for January 2023

ashton@miamidreamrealty.com — Thu, 19 Jan 2023 22:08:10 +0000

Jade Condos Sunny Isles Beach sales & trends for last year show us 67 condos sold between the three luxury towers. As we’ll explore below, the total number of condos sold and last year’s resale values have been robust. The record-high sale at Signature was $23.5 million, and the lowest, a 1 bedroom at Jade Beach, sold for $900,000.

Sunny Isles Beach Sales & Trends

Sunny Isles Beach condo inventory today reflects 805 total condos for sale and 152 closed sales in the last 90 days, with a median sale price of $503 per square foot. With the market shifting in favor of buyers this year, the condo inventory absorption along the Miami coastline has slowed. Price increases will likely continue to slow, but the sales volume (buyer pool) is shrinking. Our oceanfront residential condo market values noticed considerable price gains over the years spanning from 2009 to 2016. Then from early 2016 to the latter part of 2020, we found ample supply with limited demand in a strong buyer’s market. The market had a frenzied run-up from the pandemic in 2019 to mid-2022.

With new developments selling well in Sunny Isles Beach, we find supply slightly on the rise and yet with consistent demand. This is especially so within the baseline of the high-end market segment ($1M to $3M). The residential condo market shifted post-COVID in favor of sellers but has stabilized since the summer and is now back in favor of buyers adding leverage to the deal.

Sunny Isles Beach Luxury Developments

We’ve also witnessed the impressive luxury developments gracing our coastlines, such as Jade Signature, Muse, Armani Casa Residences, Ritz-Carlton Sunny Isles, Turnberry Ocean Club, and now Estates at Acqualina & Bentley Residences. This new construction has taken over Collins Avenue with a surreal experience driving over the causeways into Sunny Isles Beach, and it’s a beautiful new skyline to behold.

Jade Condos Sunny Isles Beach remains a top choice for luxury condo buyers wanting oceanfront in South Florida. Here are the sales & trends in January for these three impressive condominium developments.

Jade Beach Condos Sales & Trends

The average Jade Beach list price per square foot reflects $1,345 psf.
There are 10 active listings for sale from $1.492m (B2 Model) to $5.5m (4504).
In 2022, 23 resales occurred with a median sale price per square foot of $1,116 psf and 107 (DOM) days on the market.
In 2021, 27 resales occurred with a median sale price per square foot of $909 psf (190 DOM).
2020; 20 resales occurred with a median sale price per square foot of $778 psf (145 DOM).
2019; 9 resales occurred with a median sale price per square foot of $764 psf (210 DOM).
The median selling price per square foot in 2018 (10 total sales) was $818 psf (178 DOM).
Median selling price per square foot in 2017 (7 total sales) was $877 at 243 days on the market.
Median selling price per square foot in 2016 (8 total sales) was $1,010 at 219 days on the market.

Jade Beach Condos for Sale

Jade Beach condos (17001 Collins Avenue) is the lesser valued development yet still considered a premier tower built in 2007. As the original oceanfront Jade tower and with reasonable resale values to match, the future of Jade Beach remains strong. I’m confident Jade Beach will continue to reign as a leading tower, given its location and exceptional value.

There are 10 Jade Beach resales (4% inventory) available, ranging from $1.492m (B1 Model) to $5.5m for the renovated 45th floor. The South Jade Beach penthouse (PH4904) is now in contract and should close soon. Jade Beach condos offer one of the most desirable Collins Avenue locations. It also offers excellent value when seeking the lifestyle experienced on the ocean in Miami.

Jade Beach Sunny Isles Rentals

There are 8 Jade Beach condos for rent ranging in asking prices from $4,850 (B1 model) to $22,500 (E Model). As of last year, there were 27 Jade Beach condo rentals, ranging in value from $4,200 (B1 Model) to $20,000 (D2 Model), with a median rental value of $6.23 per square foot.

Jade Ocean Condos Sales & Trends

The average Jade Ocean list price per square foot is $1,385 psf.
There are 12 listings for sale from $1.090m (B1 Model) to $8.5m (Penthouse 4803).
In 2022, 21 resales occurred with a median sale price per square foot of $1,201 psf and 190 (DOM) days on the market.
In 2021, 34 resales occurred with a median sale price per square foot of $970 psf (263 DOM).
2020; 8 resales occurred with a median sale price per square foot of $854 psf and 187 days.
2019; 12 sales occurred with a median sale price per square foot of $839 psf and 324 days.
2018; 5 condos sold from $1.425M to $2.9M (C & E Models) at a median sale price of $958 psf and 107 days.
The median selling price per square foot in 2017 (11 total sales) was $991 psf at 216 days.
The median selling price per square foot in 2016 was $1,087 at 137 days on the market.

Jade Ocean Condos for Sale

Jade Ocean condos (17121 Collins Avenue) stand among the elite luxury condominium towers of Sunny Isles Beach. They are right in the middle, both physically and price-wise, between Jade Beach & Jade Signature. While some prefer Jade Beach, Jade Ocean condos have consistently sold at a higher price point, offering many buyers a clear advantage.

There are 12 Jade Ocean resales (5% inventory) available, ranging from $1.090m (B1 Model) to $8.5m (Penthouse 4803). Jade Ocean condos offer one of the most desirable Collins Avenue locations. They have excellent value when seeking the lifestyle experienced on the ocean in Miami.

Jade Ocean Sunny Isles Beach Rentals

There are 10 Jade Ocean condos for rent ranging in asking prices from $5,950 (B1 model) to $25,000 (E Model). Last year, there were 31 Jade Ocean condo rentals, ranging in value from $5,400 (B1 Model) to $21,000 (E Model), with a median rental value of $7.40 per square foot.

Jade Signature Condos Sales & Trends

The average Jade Signature list price per square foot is $1,704 psf.
There are 25 listings for sale from $1.990m (1 BR) to $7.490m (5 BR).
Last year, 23 resales occurred with a median sale price per square foot of $1,489 psf and 257 (DOM) days on the market.
In 2021, 19 resales occurred with a median sale price per square foot of $1,202 psf (280 DOM).
2020; 10 resales occurred with a median sale price per square foot of $1,221 psf and 184 days to sell.
There were 9 sales noted in 2019 (via MLS), with the median sale price per square foot at $1,244 (307 DOM).

Jade Signature Condos for Sale

There are beautiful resale options, with 25 Jade Signature condos for sale. They range from $1.990m (1 BR) to $7.790m (5 Bedrooms furnished).

The premier Jade Signature condos (16901 Collins Avenue) were completed early in 2018, and it’s a fantastic addition to the Jade Condo Trio and the new construction lineup along the coastline of Sunny Isles Beach. Jade Signature offers spacious floor plans and expansive outdoor living areas with an iconic architectural design and luxurious amenities.

Jade Signature Record-Setting Sales

A Jade Signature penthouse sold in 2019 at $18.5M ($2,015 psf), setting the area record for an existing Sunny Isles Beach condominium. Since then, four others within Jade Signature have sold over $10M setting new building records at $23.5M (Penthouse #5603) at $2,015 per square foot.

Like Porsche Design Tower & Armani Residences, Jade Signature will continue to show great value for Florida’s Riviera. Jade Signature condos are highly desirable, and it’s always a pleasure to show off this beautiful development.

Jade Signature Sunny Isles Beach Rentals

There are 7 Jade Signature condos for rent ranging in asking prices from $9,000 (1 BR unfurnished) to $40,000 (4 BR Furnished). Last year, there were 22 Jade Signature condo rentals, ranging in value from $8,500 (1 BR Unfurnished) to $33,000 (4 BR Furnished), with a median rental value of $8.60 per square foot.

Jade Condos Sunny Isles Beach condo trends are essential for those who own at Jade or are looking to buy. Reach out today for accurate property analysis, or check the Jade Condo Blog for new updates, property listings, sales & trends.

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The post Jade Condos Sales & Trends for January 2023 appeared first on Jade Condos Sunny Isles Beach Blog.

Jade Condos Sunny Isles Beach Trends December 2022

ashton@miamidreamrealty.com — Thu, 15 Dec 2022 17:50:54 +0000

Jade Condos Sunny Isles Beach sales & trends for this year show us 65 condos sold between the three luxury towers. The total number of condos sold and this year’s resale values have been robust, as we’ll explore below.

Sunny Isles Beach Sales & Trends

Sunny Isles Beach condo inventory today reflects 791 total condos for sale and 192 closed sales in the last 90 days, with a median sale price of $536 per square foot. With the market shifting in favor of buyers this year, the condo inventory absorption along the Miami coastline has slowed. Price increases continue to show, but the sales volume (buyer pool) is shrinking. Our oceanfront residential condo market values noticed considerable price gains over the years spanning from 2009 to 2016. Then from early 2016 to the latter part of 2020, we found ample supply with limited demand in a buyer’s market. The market had a frenzied run-up from the pandemic in 2019 to mid-2022.

With new developments selling out in Sunny Isles Beach, we find supply steady and consistent demand. This is especially so within the baseline of the high-end market segment ($1M to $3M). The residential condo market shifted post-COVID in favor of sellers but has stabilized this year now back in the favor of buyers.

We’ve also witnessed the impressive luxury developments gracing our coastlines, such as Jade Signature, Muse, Armani Casa Residences, Ritz-Carlton Sunny Isles, Turnberry Ocean Club, and now Estates at Acqualina & Bentley Residences performing VERY well. This new construction has taken over Collins Avenue with a surreal experience driving over the causeways into Sunny Isles Beach, and it’s a beautiful skyline to behold.

Jade Condos Sunny Isles Beach remains a top contender for luxury condo buyers wanting oceanfront in South Florida. Here are the sales & trends findings for these three remarkable condominium developments.

Jade Beach Condos Sales & Trends

The average Jade Beach list price per square foot reflects $1,360 psf.
There are 11 active listings for sale from $1.492m (B2 Model) to $7.2m (Penthouse #4904).
In 2022 (YTD), 22 resales occurred with a median sale price per square foot of $1,107 psf and 111 (DOM) days on the market.
In 2021, 27 resales occurred with a median sale price per square foot of $909 psf (190 DOM).
2020; 20 resales occurred with a median sale price per square foot of $778 psf (145 DOM).
2019; 9 resales occurred with a median sale price per square foot of $764 psf (210 DOM).
The median selling price per square foot in 2018 (10 total sales) was $818 psf (178 DOM).
Median selling price per square foot in 2017 (7 total sales) was $877 at 243 days on the market.
Median selling price per square foot in 2016 (8 total sales) was $1,010 at 219 days on the market.

Jade Beach Condos for Sale

Jade Beach condos (17001 Collins Avenue) is the lesser valued development yet still considered a premier tower from 2007. As the original oceanfront Jade tower and with reasonable resale values to match, the future of Jade Beach remains strong. I’m confident Jade Beach will continue to reign as a leading tower given its location and exceptional value.

There are 11 Jade Beach resales (4% inventory) available, ranging from $1.492m (B1 Model) to $7.2m for the remarkable 49th & 50th floor south side Jade Beach penthouse. Jade Beach condos offer one of the most desirable Collins Avenue locations. It also offers excellent value when seeking the lifestyle experienced on the ocean in Miami.

Jade Beach Sunny Isles Rentals

There are 9 Jade Beach condos for rent ranging in asking prices from $4,850 (B1 model) to $22,500 (E Model). To date, 26 Jade Beach condos have been rented, ranging in value from $4,200 (B1 Model) to $20,000 (D2 Model), with a median rental value of $6.32 per square foot.

Jade Ocean Condos Sales & Trends

The average Jade Ocean list price per square foot is $1,425 psf.
There are 14 listings for sale from $1.150m (B1 Model) to $8.5m (Penthouse 4803).
In 2022 (YTD), 21 resales have occurred with a median sale price per square foot of $1,201 psf and 190 (DOM) days on the market.
In 2021, 34 resales occurred with a median sale price per square foot of $970 psf (263 DOM).
2020; 8 resales occurred with a median sale price per square foot of $854 psf and 187 days.
2019; 12 sales occurred with a median sale price per square foot of $839 psf and 324 days.
2018; 5 condos sold from $1.425M to $2.9M (C & E Models) at a median sale price of $958 psf and 107 days.
The median selling price per square foot in 2017 (11 total sales) was $991 psf at 216 days.
The median selling price per square foot in 2016 was $1,087 at 137 days on the market.

Jade Ocean Condos for Sale

Jade Ocean condos (17121 Collins Avenue) stand among the elite luxury condominium towers of Sunny Isles Beach. They are right in the middle both physically and price-wise between Jade Beach & Jade Signature. While some prefer Jade Beach, Jade Ocean condos have consistently sold at higher price point, offering many buyers a clear advantage.

There are 14 Jade Ocean resales (5% inventory) available, ranging from $1.150m (B1 Model) to $8.5m (Penthouse 4803). Jade Ocean condos offer one of the most desirable Collins Avenue locations. They have excellent value when seeking the lifestyle experienced on the ocean in Miami.

Jade Ocean Sunny Isles Beach Rentals

There are 11 Jade Ocean condos for rent ranging in asking prices from $5,950 (B1 model) to $25,000 (E Model). To date, 30 Jade Ocean condos have been rented, ranging in value from $5,400 (B1 Model) to $20,000 (E Model), with a median rental value of $7.25 per square foot.

Jade Signature Condos Sales & Trends

The average Jade Signature list price per square foot is $1,696 psf.
There are 26 listings for sale from $1.990m (1 BR) to $7.5m (5 BR).
In 2022 (YTD), 22 resales occurred with a median sale price per square foot of $1,504 psf and 268 (DOM) days on the market.
In 2021, 19 resales occurred with a median sale price per square foot of $1,202 psf (280 DOM).
2020; 10 resales occurred with a median sale price per square foot of $1,221 psf and 184 days to sell.
There were 9 sales noted in 2019 (via MLS), with the median sale price per square foot at $1,244 (307 DOM).

Jade Signature Condos for Sale

There are excellent resale options, with 26 Jade Signature condos for sale. They range from $1.990m (1 Bedroom unfurnished) to $7.5m (5 Bedrooms furnished).

Jade Signature condos (16901 Collins Avenue) was completed early in 2018, and it’s a fantastic addition to the Jade Condo Trio and the new construction lineup along the coastline of Sunny Isles Beach. Jade Signature offers spacious floor plans and expansive outdoor living areas with a gorgeous architectural design and luxurious amenities. A Jade Signature penthouse sold in 2019 at $18.5M ($2,015 psf), setting the area record for an existing Sunny Isles Beach condominium. Since then, four others within Jade Signature have sold over $10M setting new building records at $23.5M (Penthouse #5603) at $2,015 per square foot.

Like Porsche Design Tower & Armani Residences, Jade Signature will continue to show exceptional value for Florida’s Riviera. We consider a healthy building to have less than 10% inventory. Today, Jade Signature has 26 condo units as resale or 14% available. Jade Signature condos are highly desirable, and it’s always pleasing to show this beautiful development.

Jade Signature Sunny Isles Beach Rentals

There are 8 Jade Signature condos for rent ranging in asking prices from $9,000 (1 BR unfurnished) to $25,000 (4 BR Furnished). To date, 21 Jade Signature condos have been rented, ranging in value from $8,500 (1 BR Unfurnished) to $33,000 (4 BR Furnished), with a median rental value of $8.66 per square foot.

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The post Jade Condos Sunny Isles Beach Trends December 2022 appeared first on Jade Condos Sunny Isles Beach Blog.

Jade Signature Penthouse Sells at 19% Loss

ashton@miamidreamrealty.com — Thu, 22 Sep 2022 17:53:38 +0000

The Jade Signature penthouse sells at what TRD reports in today’s news as a 19% loss, selling at $15M. BH Group’s Isaac Toledano purchased a 5503 at Jade Signature at 16901 Collins Avenue at a significant discount off its 2019 sale price and the original list price.

Property records show Gabius Miami Properties LLC, led by Silvia L. Rosen, sold the nearly 9,200-square-foot penthouse after purchasing in January 2019 for $18,000,000. The Jade Signature penthouse was relisted a year later at $27,320,000 and had several price adjustments over the last two years to finally concede to a significant 45% markdown of this new Jade Signature condo sale.

BH Group and Toledano have become active here in South Florida and recently partnered with Israeli billionaire Teddy Sagi and developer the Related Group on three projects, including an ultra-luxury condo development planned for Fisher Island, the Transit Village project in West Palm Beach, and a planned condo project on the bayfront site of the closed White House Inn in North Miami. Last month, BH Group paid $11M for the site of a planned 30-story, 400-unit apartment tower in North Miami Beach.

Jade Signature Penthouse (& Yearly Expense)

6 Bedrooms
9.5 Bathrooms
Year Built 2018
County records – 8,106 SF as living area
MLS reflects – 5,242 SF as terrace/outdoor area
Miami-Dade County Tax Amount – $248,260
Monthly Maintenance – $11,676 ($140,112/year)

The buyer paid $1,633 per square foot, which is just 6% over the median selling price per square foot this year of $1,539 for the Jade Signature condo development. Fortune International Group, led by Edgardo Defortuna, developed the oceanfront 57-story, 192-unit Jade Signature tower at 16901 Collins Avenue. It was designed by Pritzker prize-winning architect Herzog & de Meuron.

The Jade Signature condos & penthouses are extraordinary, and penthouse 5503 is among the premier penthouses along the Sunny Isles Beach coastline. We trust the buyer bought at an excellent value and will enjoy these inspirational Miami skyline views from the top!

Sunny Isles Beach $10M+ Condo (Sales Stats & Trends)

August 2022 is a Buyer’s market*

Condos For Sale in August 2022: 17 units.
•Down 5.6% compared to last month
•Down 32% compared to last year

Condos Closed in August 2022: 2 units.
•Up N/A compared to last month
•Up N/A compared to last year

Condos Placed under Contract in August 2022: 1 unit.
•Up N/A compared to last month
•Down 50% compared to last year

August 2022 is a Buyer’s market*
Months of Inventory based on Closed Sales in August 2022: 8.5
•Down 52.8% compared to last month
•Down 66% compared to last year

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Let’s talk today for a curated property list of new residential opportunities matching your wants & needs here in South Florida – whether you’re seeking a new trophy home, a remodeled condo, a Miami penthouse for sale, off-market & investment opportunities, or simply relocation assistance for your family or team, I’ll have it customized and ready for you – contact me here, and let’s discuss your ideas and vision for South Florida residential real estate.

South Florida coastal properties including South Beach, Miami Beach, Sunny Isles Beach, Aventura, Bal Harbour, Bay Harbor Islands, Surfside, Miami Shores, Hollywood, Brickell, Downtown, Wynwood-Edgewater-Midtown, Key Biscayne, Bay Harbour Islands, Coconut Grove, Coral Gables, and Fort Lauderdale (East of US1).

You have ONE life to live. You should expect the most from it. As you create your life’s legacy—through friendships, family, and professional accomplishments—you need partners on the journey who take the time to know and understand you and your goals. Professionals who seek to find the perfect place where your dreams can live and take shape in all that surrounds you, inspire you, and reflects your values. At ONE Sotheby’s International Realty, that is what inspires our mission: to give extraordinary lives a home to thrive. – OnlywithONE

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I’m connected with the world’s best luxury real estate brand and a vast global network offering a bespoke experience wherever you reside. Locally, I offer the best in real estate knowledge and client services as a master broker-associate with the leading firm, ONE Sotheby’s International Realty. Why Sotheby’s? Because of the brand heritage, prestige, propensity for perfection, and quite simply, the immense global reach in curating luxury goods and real estate. Since 2002, I’ve been successful in the South Florida residential market with knowledge, experience, and white-glove service that consistently exceeds expectations.

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Jade Condos Sunny Isles Beach Sales & Trends for September 2022

ashton@miamidreamrealty.com — Wed, 21 Sep 2022 21:12:53 +0000

Jade Condos Sunny Isles Beach sales & trends for this year show us 57 condos sold between the three luxury towers. Not just the total number of condos sold but this year’s resale values have been robust as we’ll explore below.

Sunny Isles Beach Sales & Trends

Sunny Isles Beach condo inventory today reflects 709 total condos for sale and 224 closed sales in the last 90 days, with a median sale price value of $545 per square foot. With continued condo inventory absorption along the Miami coastline, the price increases continue to increase median values. Our oceanfront residential condo market values noticed considerable price gains over the years spanning from 2009 to 2016. Then from early 2016 to the later part of 2020, we found ample supply with limited demand in a strong buyer’s market.

With new developments selling out and Sunny Isles Beach’s resale absorption on the rise, especially within the baseline of the high-end market segment ($1M to $3M), we find supply low and consistent demand. The residential condo market shifted post-COVID in favor of sellers but has stabilized since late April of this year and is back in the buyer’s seat for leverage.

We’ve also witnessed the impressive luxury developments gracing our coastlines, such as Jade Signature, Muse, Armani Casa Residences, Ritz-Carlton Sunny Isles, Turnberry Ocean Club, and now Estates at Acqualina performing VERY well. This new construction has taken over Collins Avenue with a surreal experience driving over the causeways into Sunny Isles Beach, and it’s truly a sight to behold.

Jade Condos Sunny Isles Beach remains a top contender for luxury condo buyers wanting oceanfront in South Florida, and here are the sales & trends findings for these three remarkable condominium developments.

Jade Beach Condos Sales & Trends

The average Jade Beach list price per square foot reflects $1,453 psf.
There are 9 active listings for sale from $2.7m (C Model) to $8.8m (Penthouse #4904).
In 2022 (YTD), 19 resales occurred with a median sale price per square foot of $1,116 psf and 126 days on the market.
In 2021, 27 resales occurred with a median sale price per square foot of $909 psf and 190 days on the market.
In 2020, 20 resales occurred with a median sale price per square foot of $778 psf and 145 days on the market.
In 2019, 9 resales occurred with a median sale price per square foot of $764 psf and 210 days on the market.
The median selling price per square foot in 2018 (10 total sales) was $818 psf at 178 days on the market.
The median selling price per square foot in 2017 (7 total sales) was $877 at 243 days on the market.
The median selling price per square foot in 2016 (8 total sales) was $1,010 at 219 days on the market.

Jade Beach Condos for Sale

Jade Beach condos (17001 Collins Avenue) is the lesser valued development yet still considered a premier tower from 2007. The future of Jade Beach is strong as the original oceanfront Jade tower and ‘reasonable’ resale values to match. Jade Beach will continue to reign as the leading tower for location and exceptional value, and many owners are leasing their units long-term.

Jade Beach has 9 resales (3% inventory) available, ranging from $2.7m (C Model) to $8.8m for the remarkable 49th & 50th floor south side Jade Beach penthouse. Jade Beach condos offer one of the most desirable Collins Avenue locations plus excellent value when seeking the health & lifestyle experienced on the ocean in Miami.

Jade Beach Rental Trends

There are 13 Jade Beach condos for rent ranging in asking prices from $4,850 (B1 model) to $28,000 (E Model). To date, 19 Jade Beach condos have been rented, ranging in value from $4,200 (B1 Model) to $20,000 (D2 Model), with a median rental value of $6.27 per square foot.

Jade Ocean Condos Sales & Trends

The average Jade Ocean list price per square foot is $1,404 psf.
There are 11 listings for sale from $1.099m (B1 Model) to $3.495m (D Model).
In 2022 (YTD), 20 resales have occurred with a median sale price per square foot of $1,201 psf and 197 days on the market.
In 2021, 34 resales occurred with a median sale price per square foot of $970 psf and 263 days on the market.
In 2020, 8 resales occurred with a median sale price per square foot of $854 psf and 187 days.
In 2019, 12 sales occurred with a median sale price per square foot of $839 psf and 324 days.
In 2018, 5 condos sold from $1.425M to $2.9M (C & E Models) at a median sale price of $958 psf and 107 days.
The median selling price per square foot in 2017 (11 total sales) was $991 psf at 216 days.
The median selling price per square foot in 2016 was $1,087 at 137 days on the market.

Jade Ocean Condos for Sale

Jade Ocean condos (17121 Collins Avenue) stand among the elite luxury condominium towers of Sunny Isles Beach yet are in the middle both physically and price-wise between Jade Beach & Jade Signature. While some prefer Jade Beach as a place to call home, JADE Ocean condos have consistently sold & leased at higher price points, offering clear advantages to many.

Jade Ocean has 11 resales (4% inventory) available, ranging from $1.099m (B1 Model) to $3.495m (D Model). Jade Ocean condos offer one of the most desirable Collins Avenue locations plus excellent value when seeking the health & lifestyle experienced on the ocean in Miami.

Jade Ocean Rental Trends

There are 21 Jade Ocean condos for rent ranging in asking prices from $5,800 (B1 model) to $50,000 (Penthouse #4404). To date, 17 Jade Ocean condos have been rented, ranging in value from $6,100 (B1 Model) to $19,000 (E Model), with a median rental value of $7.58 per square foot.

Jade Signature Condos Sales & Trends

The average Jade Signature list price per square foot is $1,728 psf.
There are 30 listings for sale from $2.050m (1 BR) to $7.7m (4 BR).
In 2022 (YTD), 17 resales have occurred with a median sale price per square foot of $1,539 psf and 287 days on the market.
In 2021, 19 resales occurred with a median sale price per square foot of $1,202 psf and 280 days on the market.
In 2020, 10 resales occurred with a median sale price per square foot of $1,221 psf and 184 days to sell.
There were 9 sales noted in 2019 (via MLS) with the median sale price per square foot at $1,244 and 307 days on the market.

Jade Signature Condos for Sale

There are excellent resale options, with 30 Jade Signature condos for sale today and many resale opportunities ranging from $2.050m (1 BR Unfurnished) to $7.7m (4 BR Furnished).

Jade Signature condos (16901 Collins Avenue) was completed early in 2018, and it’s an amazing addition to the JADE Trio and the new construction lineup along the coastline of Sunny Isles Beach. Jade Signature offers spacious floor plans and expansive outdoor living areas with a gorgeous architectural design and luxurious amenities. A turn-key Jade Signature penthouse sold in 2019 at $18.5M ($2,015 psf), setting the area record for an existing Sunny Isles Beach condominium.

Like Porsche Design Tower & Armani Residences, Jade Signature will continue to show exceptional value for Florida’s Riviera. A healthy building is considered less than 10% – today, Jade Signature has 30 units or 18% available. Jade Signature condos are desirable, and I’m always pleased to show this beautiful development.

Jade Signature Rental Trends

There are 11 Jade Signature condos for rent ranging in asking prices from $10,500 (1 BR furnished) to $37,000 (4 BR Unfurnished). To date, 12 Jade Signature condos have been rented, ranging in value from $12,000 (2 BR Unfurnished) to $33,000 (4 BR Furnished), with a median rental value of $8.89 per square foot.

Jade Condos Sunny Isles Beach condo sales & trends are important to understand for those who own at Jade or are looking to buy here. Reach out today for an accurate property analysis or check the Jade Condo Blog for new updates, property listings, sales & trends.

Let’s Connect On…

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Your Vision is Our Inspiration.

The post Jade Condos Sunny Isles Beach Sales & Trends for September 2022 appeared first on Jade Condos Sunny Isles Beach Blog.

Jade Condos Sunny Isles Beach Sales & Trends for November 2021

ashton@miamidreamrealty.com — Mon, 22 Nov 2021 17:53:53 +0000

Jade Condos Sunny Isles Beach condo sales & trends for November 2021 look vital for the trio towers.

Our Oceanfront residential market values noticed considerable price gains over the eight years spanning from 2009 to 2016. From early 2016 to the latter part of 2020, we found ample supply with limited demand in a strong buyer’s market.

Sunny Isles Beach Sales & Statistics

Sunny Isles Beach condo inventory today reflects 801 total condos for sale and 313 closed sales in the last 90 days, with a median sale price value of $491 per square foot. With continued condo inventory absorption along the Miami-Dade coastline, units sold and the price increases continue to set area records and increase median values.

With new developments selling out, Sunny Isles Beach’s resale absorption is rising. Especially within the baseline of the high-end market segment ($1M to $3M), we find supply low and demand high. In addition to the residential condo market shifting last year in favor of sellers, we’ve also witnessed the gorgeous luxury developments gracing our coastlines. These developments include JADE Signature, MUSE, Armani Casa Residences, Ritz-Carlton Sunny Isles, Turnberry Ocean Club, and the soon-to-be Estates at Acqualina.

This new construction has taken over Collins Avenue with a surreal experience driving over the causeways. It’s truly a sight to behold in this new market. The $3M+ condo resales still have over 188 options, with a median list price value of $1,621 psf, a high of $3,584 psf, and a low of $732 per square foot.

Sunny Isles Beach Condo Inventory 10-Year History

Jade Condos Sunny Isles Resale Values

Values at Jade Condos Sunny Isles will likely continue to climb next year, especially with international buyers returning to Miami. For now and likely the remainder of the year, the market favors sellers with exceptional values. Buyers above $3M may still cherry-pick for excellent properties & good opportunities along the coastal communities of South Florida.

Jade Condos Sunny Isles; JADE Beach Condos

The JADE Beach tower’s future upside is vital as the original oceanfront tower and values to match. Jade Beach will continue to reign as the leading tower for location and exceptional value. This year many current residents are leasing their units for the long term. There are 9 resales (3% inventory) available, ranging from $1.920m (C Model) to $4.299m for (D2 Model) #4505. Jade Beach condos offer one of the most attractive Collins Avenue locations, plus excellent value when seeking the oceanfront lifestyle experienced only in Miami.

Jade Beach Condos for Sale | Condos for Rent

The average JADE Beach list price per square foot reflects $1,149psf.
There are 9 resales from $1.920m (C Model) to $4.299m (D2 Model).
2021 (YTD), 25 resales have occurred with a median sale price per square foot of $887 psf and 202 days on the market.
2020, 20 resales occurred with a median sale price per square foot of $778 psf and 145 days on the market.
2019, 9 resales occurred with a median sale price per square foot of $764 psf and 210 days on the market.
2018 (10 total sales) was $818 psf at 178 days on the market.
The median selling price per square foot in 2017 (7 total sales) was $877 at 243 days on the market.
The median selling price per square foot in 2016 (8 total sales) was $1,010 at 219 days on the market.

As of November 2021, there are 8 JADE Beach condos for rent ranging in asking prices from $4,000 (B1 model) to $18,000 (E Model). YTD, 21 Jade Beach condos have been rented, ranging in value from $3,700 (B1 Model) to $15,000 (D2 Model).

Jade Condos Sunny Isles; JADE Ocean Condos

The JADE Ocean tower stands among the elite luxury condo towers of Sunny Isles Beach.

JADE Ocean has 17 (7% inventory) condo resales available today, with an extraordinary penthouse that should sell soon. Interiors on these JADE Penthouse condos range from 1 to 6 Bedrooms and from 858 to over 5,134 square feet.

There are only 2 mirrored images known as the ‘Sky Loft Penthouse’ in each Jade Condo building. Very few penthouses can compare along Sunny Isles Beach. Today’s resale prices at Jade Ocean begin with 1-bedroom condos from $1.190m with more extensive 5-bedroom options priced at $7.499m.

While some prefer JADE Beach as a place to call home, JADE Ocean condos have consistently sold & leased at higher price points, offering clear advantages to many.

Jade Ocean Condos for Sale | Condos for Rent

The average JADE Ocean list price per square foot is $1,286psf.
There are 17 resales from $1.190m (B1 Model) to $7.499M (#4604).
2021 (YTD), 29 resales occurred with a median sale price per square foot of $937 psf and 230 days on the market.
2020, 8 resales occurred with a median sale price per square foot of $854 psf and 187 days on the market.
2019, 12 sales occurred with a median sale price per square foot of $839 psf and 324 days on the market.
2018, 5 condos sold from $1.425M to $2.9M (C & E Models) at a median sale price of $958 PSF and 107 days on the market.
The median selling price per square foot in 2017 (11 total sales) was $991 PSF at 216 days on the market.
The median selling price per square foot in 2016 was $1,087 at 137 days on the market.

There are 8 JADE Ocean rentals listed in November 2021, ranging from $6750 for a B1 Model to $25,000 for a beautifully furnished (E Model). YTD, 25 Jade Beach condos have been rented, ranging in value from $4,100 (B1 Model) to $18,000 (E Model).

Jade Condos Sunny Isles; JADE Signature Condos

The JADE Signature tower was completed early in 2018, and it’s a fantastic addition to the JADE trio and this epic new construction lineup along the Sunny Isles Beach coastline. Jade Signature offers spacious floor plans and expansive outdoor living areas with a gorgeous architectural design and amenities to match.

There are over 44 Jade Signature condos for sale today, with excellent resale opportunities remaining. The discounts and deals are apparent now as actual market values are easy to spot. A turn-key Jade Signature Penthouse #5503 sold in 2019 at $18.5M ($2,015 psf). This set the area record for an existing Sunny Isles Beach condominium.

Like Porsche Design Tower, Jade Signature will continue to show exceptional value for Florida’s Riviera. Why? A healthy building is considered less than 10% – today, Jade Signature has 44 units or 23% available with many pre-construction owners now landlords.

Jade Signature Condos are desirable, and I’m bullish on the continued demand.

“We sold $51 million worth of units in the first quarter. The building, which launched sales in 2013, is “95% or 96% sold out.” – Carlos Defortuna

Jade Signature Condos for Sale | Condos for Rent

Today’s new pricing has a median list price per square foot of $1,665 psf.
In 2021 (YTD), 18 resales occurred with a median sale price per square foot of $1,190 psf and 294 days on the market.
2020, 10 resales occurred with a median sale price per square foot of $1,221 psf and 184 days on the market.
9 sales were noted in 2019 (via MLS), with the median sale price per square foot at $1,244. #PH5503 was included herein and sold at $2,015 psf setting a new area record at $18.5M. These other 8 sales had a median sale price value of $1,226 psf and 307 days.

Jade Signature active rentals consist of 4 options ranging in value from $25,000 (3 BR Furnished) upwards to $35,000 for a 4 Bedroom. YTD, 26 condos rented from $5,900 (1 BR) to $32,500 (4 BR Furnished) with a median rent price of $5.77psf.

Stop Searching. Start Living.

Let’s talk #888.38.DREAM for a curated property list of new residential opportunities matching your wants & needs here in South Florida. Whether you’re seeking a new trophy home, a remodeled condo, a Miami penthouse for sale, off-market & investment opportunities, or simply relocation assistance for your family or team, I’ll have it customized and ready for you – contact me here, and let’s discuss your ideas and vision for South Florida residential real estate.

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Be sure to join the VIP group for monthly market insights, South Florida news, and exclusive coastal properties; covering South Beach, Miami Beach, Sunny Isles Beach, Aventura, Bal Harbour, Bay Harbor Islands, Surfside, Miami Shores, Hollywood, Brickell, Downtown, Wynwood-Edgewater-Midtown, Key Biscayne, Bay Harbour Islands, Coconut Grove, Coral Gables, and coastal Fort Lauderdale (East of US1).

You have ONE life to live. You should expect the most from it. As you create your life’s legacy through friendships, family, and professional accomplishments, you need partners on the journey who take the time to know and understand you and your goals. Professionals who seek to find the perfect place where your dreams can live and take shape in all that surrounds you, inspire you, and reflects your values. At ONE Sotheby’s International Realty, that is what inspires our mission: to give extraordinary lives a home to thrive. – OnlywithONE

Your Vision is Our Inspiration.

I’m connected with the world’s best luxury real estate brand and a vast global network of friends & colleagues who offer a bespoke experience wherever you are. Locally, I offer the best in real estate knowledge and client services as a master broker-associate with the leading firm, ONE Sotheby’s International Realty. Why Sotheby’s? Because of the brand heritage, prestige, propensity for perfection, and, quite simply, the immense global reach in curating luxury goods and real estate. Since 2002, I’ve been successful in the South Florida residential market. I apply knowledge, experience, and white-glove service that consistently exceeds expectations.

Technology & Resources.

South Florida’s population influx is essential in assisting our growth and resilience. Check back often to uncover more about South Florida real estate opportunities and trends.

Who You Are

You are a client – not a customer:

Clients are under the protection of another.
Customers purchase a commodity or service.

Knowledge is protection. You can expect confidentiality and risk assessment with accurate information as a client. The knowledge you will understand, implement, and use to build your net worth.

:: South Florida Homes, Luxury Condos & Unique Penthouses ::

The post Jade Condos Sunny Isles Beach Sales & Trends for November 2021 appeared first on Jade Condos Sunny Isles Beach Blog.

Jade Sunny Isles Beach Condo Sales June 2021

ashton@miamidreamrealty.com — Tue, 01 Jun 2021 18:10:30 +0000

Jade Sunny Isles Beach condo sales highlighting new sales and trends for June 2021, including Jade Beach (2007), Jade Ocean (2009), and Jade Signature (2018).

Sunny Isles Beach Sales & Statistics

Sunny Isles Beach condo inventory today reflects 931 total condos for sale and 508 closed sales in the last 90 days, with a median sale price value of $409 per square foot. With continual inventory absorption along the Miami-Dade coastline, condo units sold and the prices continue both in setting area records and increasing median values.

Our Oceanfront residential market values noticed considerable price gains over the eight years spanning from 2009 to 2016. From early 2016 to the later part of 2020, we found ample supply with limited demand in a strong buyer’s market. For instance, in March of last year, dividing 46 condo sales (30-day sales) into the inventory of 1,606, we had a 35-month supply. Today, we take 169 approximate condo sales each month and divide them by the current condo inventory of 931 to find a 5.5-month supply remaining – a healthy market is 6 to 9 months of inventory.

Sunny Isles Beach New Development

With new developments selling out and Sunny Isles Beach’s resale absorption rising, especially within the high-end market segment at $1M to $3M, we find supply low and demand high. In addition to the residential condo market shifting last year in favor of sellers, we’ve also witnessed the gorgeous new luxury developments such as JADE Signature, MUSE, Armani Casa Residences, Ritz-Carlton Sunny Isles, Turnberry Ocean Club, and the soon-to-be Estates at Acqualina performing VERY well. This new construction has taken over Collins Avenue with a surreal experience driving over the causeways, and it’s truly a sight to behold with this new market. The $3M+ condo resales still have over 200 options, with a median list price value of $1,510 psf, a high of $3,330 psf, and a low of $732 per square foot.

Sunny Isles Beach Condo Inventory $1M+ 3-Year History

Values may continue to climb this year with all things relative and a continuation of the current inventory absorption. For now and likely the remainder of the year, the market strongly favors sellers with exceptional values. Buyers above $3M may still cherry-pick for excellent properties & good opportunities along the coastal communities. Now for the Jade Sunny Isles Beach condo reports…

JADE Beach Condos

JADE Beach (17001 Collins Avenue) has ongoing construction as concrete restoration resumes to the East side of the building with an anticipated timeline of approximately another year to complete. With this Jade Beach restoration, we’ve previously experienced ongoing construction debris & noise nuisances that have temporarily impacted values both for rent and resale. The major short-term concerns are the East side terraces and swimming pool completely closed off with a blue translucent film covering the glass and limiting the desirable ocean views. The Westside is reopened with the small pool and west side terraces available again for use.

While short-term concerns have many alarmed, savvy buyers with a long-term outlook, see past the noise and towards the future upside of Jade Beach and Sunny Isles Beach. Jade Beach will continue to reign as the leading tower for location and exceptional value, and many current residents are leasing long-term.

Jade Beach has 11 resales (4% inventory) available today, ranging from $749,900 (B1 Model) to $8.2M for #4905, a most impressive 3-Story Penthouse that rarely comes up for sale. Jade Beach condos offer one of the most attractive Collins Avenue locations, plus excellent value when seeking the oceanfront lifestyle experienced only in Miami.

Jade Beach Condos for Sale | Condos for Rent

The average JADE Beach list price per square foot reflects $1,061.
There are 11 resales from $749,900 (B1 Model) to $8.2M (Penthouse).
2021 (YTD), 9 resales have occurred with a median sale price per square foot of $792 psf and 93 days on the market.
2020, 20 resales occurred with a median sale price per square foot of $778 psf and 145 days on the market.
2019, 9 resales occurred with a median sale price per square foot of $764 psf and 210 days on the market.
The median selling price per square foot in 2018 (10 total sales) was $818 psf at 178 days on the market.
The median selling price per square foot in 2017 (7 total sales) was $877 at 243 days on the market.
2016 (8 total sales) was $1,010 at 219 days on the market.

As of June 2021, there are 4 JADE Beach condos for rent ranging in asking prices from $5,000 (B2 model) to $8,700 (D Model). YTD, 8 Jade Beach condos have been rented, ranging in value from $3,700 (B1 Model) to $12,000 (E Model).

JADE Ocean Condos

JADE Ocean (17121 Collins Avenue) stands among the elite luxury condo towers of Sunny Isles Beach.

JADE Ocean has 19 (7% inventory) condo resales available today, with a few extraordinary penthouses. Interiors on these JADE Penthouse condos range from 4 to 5 Bedrooms and from 5,134 to over 8,332 square feet. There are only 2 mirrored images known as the ‘Sky Loft Penthouse’ in each Jade Condo building, and few penthouses can compare along Sunny Isles Beach. Today’s resale prices at Jade Ocean begin with 1-bedroom condos (B1&B2 floor plans) from $815,000 with more extensive 5-bedroom options as high as $7.495M.

While some prefer JADE Beach as a place to call home, JADE Ocean condos have consistently sold & leased at higher price points, offering clear advantages to many.

Jade Ocean Condos for Sale | Condos for Rent

The average JADE Ocean list price per square foot is $1,171 psf.
There are 19 resales from $815,000 (B1 Model) to $7.495M (#4604).
In 2021 (YTD), 15 resales occurred with a median sale price per square foot of $915 psf and 127 days on the market.
2020, 8 resales occurred with a median sale price per square foot of $854 psf and 187 days on the market.
2019, 12 sales occurred with a median sale price per square foot of $839 psf and 324 days on the market.
2018, 5 condos sold from $1.425M to $2.9M (C & E Models) at a median sale price of $958 PSF and 107 days on the market.
The median selling price per square foot in 2017 (11 total sales) was $991 PSF at 216 days on the market.
The median selling price per square foot in 2016 was $1,087 at 137 days on the market.

There are 6 JADE Ocean rentals listed in June 2021, ranging from $7,000 for a B2 Model to $23,000 for a beautifully furnished (2-Story) D2 Model. YTD, 13 Jade Beach condos have been rented, ranging in value from $4,400 (B1 Model) to $15,000 (2-Story Penthouse).

JADE Signature Condos

JADE Signature (16901 Collins Avenue) was completed early in 2018, and it’s a fantastic addition to the JADE trio and the epic new construction lineup along Sunny Isles Beach. Jade Signature offers very spacious floor plans and expansive outdoor living areas.

With the completion and closings behind us, there are over 40 resales with excellent opportunities remaining. The discounts and deals are apparent now, as actual market values are reflected below. A turn-key Jade Signature Penthouse #5503 sold in 2019 at $18.5M ($2,015 psf), setting the area record for an existing Sunny Isles Beach condominium.

Jade Signature Condos are desirable, and I’m bullish on the continued demand.

“We sold $51 million worth of units in the first quarter. The building, which launched sales in 2013, is “95% or 96% sold out.” – Carlos Defortuna

Jade Signature Condos for Sale | Condos for Rent

Today’s new pricing has a median list price per square foot of $1,583 psf.
In 2021 (YTD), 11 resales occurred with a median sale price per square foot of $1,179 psf and 82 days on the market.
2020, 10 resales occurred with a median sale price per square foot of $1,221 psf and 184 days on the market.
There were 9 sales noted in 2019 (via MLS) with the median sale price per square foot at $1,244 – #PH5503 was included herein and sold at $2,015 psf setting a new area record at $18.5M – these other 8 sales had a median sale price value at $1,226 psf and 307 days on the market.

Jade Signature active rentals consist of 7 options ranging in value from $7,950 (1 BR+Den) upwards to $25,000 for a 3 Bedroom. YTD, 10 condos rented from $5,900 (1 BR) to $22,000 (5 BR) with a median rent price of $4.79 psf.

Contact me here to discuss a buying, selling, or leasing strategy for an optimal game plan this year.

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Luxury Condos, Miami Penthouses, & South Florida Homes

Whether you’re seeking an amazing trophy home, a remodeled condo, a Miami penthouse for sale, off-market & investment opportunities, or simply relocation assistance for your family or team, I’ll have it customized and ready for you – contact me here, and let’s discuss your ideas and vision for South Florida residential real estate.

Be sure to join my group for monthly market insights, South Florida news, and exclusive coastal properties – covering South Beach, Miami Beach, Sunny Isles Beach, Aventura, Bal Harbour, Bay Harbor Islands, Surfside, Hollywood, Brickell, Downtown, Wynwood-Edgewater-Midtown, Key Biscayne, Bay Harbour Islands, Coconut Grove, Coral Gables, and coastal Fort Lauderdale (East of US1).

You have ONE life to live. You should expect the most from it. As you create your life’s legacy—through friendships, family, and professional accomplishments—you need partners on the journey who take the time to know and understand you and your goals. Professionals who seek to find the perfect place where your dreams can live and take shape in everything that surrounds you inspire you and reflect your values. At ONE Sotheby’s International Realty, that is what inspires our mission: to give extraordinary lives a home to thrive. – OnlywithONE

Your Vision is Our Inspiration.

I’m connected with the world’s best luxury real estate brand and a vast global network of friends & colleagues who offer a bespoke experience wherever you are. Locally, I offer the best in real estate knowledge and client services as a master broker-associate with the leading firm, ONE Sotheby’s International Realty. Why Sotheby’s? Because of the brand heritage, prestige, propensity for perfection, and, quite simply, the immense global reach in curating luxury goods and real estate. Since 2002, I’ve been successful in the South Florida residential market with knowledge, experience, and white-glove service that consistently exceeds expectations.

Technology & Resources.

The Jade Sunny Isles Beach Condo Blog is an excellent resource for Southeast Florida residential real estate data, trends, and property information. South Florida’s population influx is essential in assisting our growth and resilience, so check back often to uncover more about South Florida real estate opportunities and trends.

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Who You Are

You are a client – not a customer:

Clients are under the protection of another.
Customers purchase a commodity or service.

Knowledge is protection. As a client, you can expect confidentiality and risk assessment with accurate information you will understand, implement, and use to build your net worth.

The post Jade Sunny Isles Beach Condo Sales June 2021 appeared first on Jade Condos Sunny Isles Beach Blog.

JADE Condos Sales and Trends March 2020

ashton@miamidreamrealty.com — Wed, 04 Mar 2020 17:15:34 +0000

JADE Condos sales and trends in March 2020 are strong and in favor of buyers.

Sunny Isles Beach Sales & Statistics

Sunny Isles Beach condo inventory today reflects 1,606 total condos for sale and 148 closed sales in the last 90 days, with a median sale price value of $307 per square foot. With excessive inventory available along the coastline, condo prices continue setting area records and declining median values.

Our Oceanfront residential market values noticed considerable price gains over the eight years spanning from 2009 to 2016. From early 2016 to today, in early 2020, we found ample supply with limited demand in this strong buyer’s market. For instance, dividing 46 condo sales over the last 30 days into our inventory of 1,606, we find a 35-month supply, whereas a healthy market is 6 to 9 months of inventory.

Sunny Isles Beach New Development

New developments and Sunny Isles Beach resale inventory have been rising, especially within the high-end market segment at $3M+. In addition to the residential condo market shifting since 2016 in favor of buyers, we’ve also witnessed the gorgeous new luxury developments such as JADE Signature, MUSE, Armani Casa Residences, Ritz-Carlton Sunny Isles, and soon-to-be Turnberry Ocean Club, and Estates at Acqualina. New construction has taken over Collins Avenue this year, with the $3M+ oceanfront (resales) having a median list price value of $1,409 psf and as high as $4,155 per square foot.

Sunny Isles Beach Condo Inventory $3M+ 5-Year History

In 2018, 242 Sunny Isles oceanfront condos sold (over $500,000) with an average sale price per square foot of $600 and at 91% of the list price. During these initial two months of 2020, 39 Sunny Isles Beach condos were sold (over $500,000) with an average sale price per square foot at $600 psf (SP$/PSF). Of those 39 condo sales, it has taken the seller 195 days to sell, yet still at 91% of the list price.

Sunny Isles Beach Luxury Condos

In a similar comparison of luxury oceanfront condos on Collins Avenue and available over $5M, we see 82 condos for sale today averaging $1,733 per square foot with an average list price of $8.950m.

Sold Condos priced $5M+ noted 8 sales in 2019 with the Median sale price value at $1,732 psf. Of the eight sales, the Jade Signature Penthouse set a new area record, as we will see below.

Values will climb again with time & inventory absorption, but for now, the market is in strong favor of the buyer with exceptional values noted. Buyers may cherry-pick this year for excellent properties & unique opportunities for Miami’s coastal real estate.

JADE Beach Condos

JADE Beach (17001 Collins Avenue) has ongoing construction as concrete restoration resumes to the East side of the building this year, with an anticipated timeline of approximately another year to complete. With this Jade Beach restoration, we’ve experienced ongoing construction debris & noise nuisances which have impacted values both for rent and resale. The major short-term concerns are the East side terraces and swimming pool completely closed off with a blue translucent film covering the glass and limiting the desirable ocean views. The Westside is reopened with the small pool and west side terraces available again for use. This construction has created a significant damper on renting as tenants simply don’t have the mental capacity and patience to deal with concrete restoration, limited views, and the inability to use their terrace and pool.

It will be interesting to see rental values continuing throughout 2020 as we now see limited inventory for rent as cautious consumers choose to rent before ownership. While short-term concerns have many alarmed, savvy buyers with a long-term outlook, see past the noise and towards the future upside of Jade Beach and Sunny Isles Beach. Jade Beach will continue to reign as the leading tower for location combined with value, and many are leasing long-term to lock in today’s great value.

Jade Beach Resales

Jade Beach today has 27 resales (11% inventory) available, ranging from $739,000 (B1 Model) to $3.3M for #4608 (E model). The most impressive 3-Story Penthouses each sold back in 2015. Jade Beach condos offer one of the most attractive Collins Avenue locations, plus excellent value when seeking the oceanfront lifestyle experienced only in Miami.

Jade Beach Condos for Sale | Condos for Rent

The average JADE Beach list price per square foot reflects $946.
There are 27 resales from $739,000 (B1 Model) to $3.3M (E Model).
2020 (YTD), 3 resales occurred with a median sale price per square foot of $797 psf and 142 days on the market.
In 2019, 9 resales occurred with a median sale price per square foot of $764 psf and 210 days on the market.
JADE Beach condos sold in 2018 reflect 10 sales at a median sale price of $818 psf and 178 days on the market.
The median selling price per square foot in 2017 (7 total sales) was $877 at 243 days on the market.
Median selling price per square foot in 2016 (8 total sales) was $1,010 at 219 days on the market.
The record high sale price per square foot value of 2019 is $872 in 2018 at $1,003, in 2017 at $1,014 PSF — $1,129 PSF in 2016, $1,378 PSF in 2015, and $1,190 PSF in 2014.

As of March 2020, there are 15 JADE Beach condos for rent ranging in asking prices from $3,700 (B1 model) to $14,500 (D2 Model). In 2019, 24 Jade Beach condos were rented, ranging in value from $3,000 (B1 Model) to $14,500 (D Model).

JADE Ocean Condos

JADE Ocean (17121 Collins Avenue) stands among the elite luxury condo towers of Sunny Isles Beach.

JADE Ocean has 42 (17% inventory) condo resales available today, with a few extraordinary penthouses. Interiors on these JADE Penthouse condos range from 4 to 5 Bedrooms and from 5,134 to over 8,332 square feet. There are only 2 mirrored images, ‘Sky Loft Penthouse,’ in each JADE Condo building, and very few penthouses can compare along Sunny Isles Beach. Today’s resale prices at Jade Ocean begin with 1-bedroom condos (B1&B2 floor plans) from $765,000 with more extensive 5-bedroom options as high as $10.9M.

While some prefer JADE Beach as a place to call home, JADE Ocean condos have consistently sold & leased at higher price points, offering clear advantages to many.

Jade Ocean Condos for Sale | Condos for Rent

The average JADE Ocean list price per square foot is $1,111 psf.
There are 42 resales from $765,000 (B1 Model) to $10.9M (#4803).
2020 YTD, 3 resales occurred with a median sale price per square foot of $951 psf and 255 days on the market.
2019, 12 sales occurred with a median sale price per square foot of $839 psf and 324 days on the market.
2018, 5 condos sold from $1.425M to $2.9M (C & E Models) at a median sale price of $958 PSF and 107 days on the market.
The median selling price per square foot in 2017 (11 total sales) was $991 PSF at 216 days on the market.
Median selling price per square foot in 2016 was $1,087 at 137 days on the market.
The record high sale price value of 2019 is $1,009 psf in 2018, $1,169 PSF in 2017, $1,267 PSF in 2016, $1,513 PSF in 2015, and $1,397 PSF in 2014.

There are 18 JADE Ocean rentals listed in MAR 2020, ranging from $4,150 for a B1 Model to $23,000 for a beautifully furnished (2-Story) D2 Model. In 2019, 25 condos were rented, ranging in value from $3,600 (Furnished B1 model) to $23,500 (Furnished D2 Model).

JADE Signature Condos

JADE Signature (16901 Collins Avenue) was completed early in 2018, and it’s a fantastic addition to the JADE trio and the new construction lineup along Sunny Isles Beach. Jade Signature offers spacious floor plans and expansive outdoor living environments – with the completion and closings far behind us, many resales are listed with excellent opportunities. The discounts and deals are apparent now post-delivery as actual market values are apparent from multiple price reductions and lack of sales results. On the flip side of continued discounts, a turn-key Jade Signature Penthouse #5503 sold in 2019 at $18.5M ($2,015 psf), setting the area record for an existing Sunny Isles Beach condominium.

Like Porsche Design Tower, Jade Signature will continue to show exceptional value for Florida’s Riviera. Why? A healthy building is considered less than 10% – today, Jade Signature has 53 units or 27% available, with many owners becoming landlords. My information isn’t always easy to digest, but I’m honest about the market expectations and, given an analytical approach combined with experience and intuition, entirely accurate. With seventeen years of experience brokering South Florida real estate, I’ve gone through the bubble burst of 2006-2009, successfully assisting many pre-construction speculators in making the right move… rinse & repeat now in 2018-2020.

Jade Signature Overview

Jade Signature Condos are quite spacious, and I am incredibly bullish on the long-term success and future demand. Contact me here to discuss an optimal strategy, whether selling or leasing but for a successful outcome as a new owner:

Enjoy the condo. It is new, spacious, and beautiful!
Finish the interior, rent the condo, and ride out this strong buyer’s market – your losses will likely have tax advantages with profit on resales noted by 2022.
Try to be the best-priced unit in your tier as the 2020 condo market dictates ‘real’ market values – any loss will hopefully be offset by currency conversion.

“We sold $51 million worth of units in the first quarter. The building, which launched sales in 2013, is “95% or 96% sold out.” – Carlos Defortuna

Jade Signature Condos for Sale | Condos for Rent

Today’s new pricing has a median list price per square foot of $1,425 psf.
My forecast for this year’s resale values is approximately $1,100 to $1,200+ depending on decorator ready or turn-key.
Although the trophy PH sale set an area record this year, this will not be the case on most resale units as prices continue declining.
2020 (YTD), 3 resales occurred with a median sale price per square foot of $1,089 psf and 269 days on the market.
There were 9 sales noted in 2019 (via MLS) with the median sale price per square foot at $1,244 – #PH5503 was included herein and sold at $2,015 psf setting a new area record at $18.5M – these other 8 sales had a median sale price value at $1,226 psf and 307 days on the market.

Jade Signature Rentals

Jade Signature active rentals consist of 12 options ranging in value from $5,900 (1 BR+Den) upwards to $25,000 for a 5 Bedroom. In 2019, 20 condos were rented from $4,300 (1 BR) to $18,000 (4 BR) with a median Rent Price Value of $4.13 psf.

Contact me here to discuss a buying, selling, or leasing strategy for an optimal game plan this new year.

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Whether you’re seeking a fantastic Jade condo, a Miami home, a penthouse for sale, off-market & investment opportunities, vacant land for development, or simply relocation assistance for your family or team, I’ll have it customized for you. Contact me here and discuss your ideas and vision for South Florida’s residential real estate opportunities.

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You have ONE life to live. You should expect the most from it. As you create your life’s legacy—through friendships, family, and professional accomplishments—you need partners on the journey who take the time to know and understand you and your goals. Professionals who seek to find the perfect place where your dreams can live and take shape in everything that surrounds you inspire you and reflect your values. At ONE Sotheby’s International Realty, that is what inspires our mission: to give extraordinary lives a home to thrive.

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I’m connected with the world’s best luxury real estate brand and a vast global network of friends & colleagues who offer a bespoke experience wherever you are. Locally, I offer the best in real estate knowledge and client services as a master broker-associate with the leading firm, ONE Sotheby’s International Realty. Why Sotheby’s? Because of the brand heritage, prestige, propensity for perfection, and, quite simply, the immense global reach in curating luxury goods and real estate. Since 2002, I’ve been successful in the South Florida residential market with knowledge, experience, and white-glove service that consistently exceeds expectations.

Stop Searching. Start Living. Let’s talk #888.38.DREAM or contact me for a curated property list of new residential opportunities matching your wants & needs here in South Florida.

The Miami Beach Real Estate Blog is an excellent resource for Southeast Florida residential real estate data, trends, and property information. South Florida’s population influx is essential in assisting our growth and resilience, so check back often to uncover more about South Florida real estate opportunities and trends.

An ALEXA Flash Briefing is now on Miami’s Residential Real Estate – if you’d like to hear new reports from the comforts of your home and have Amazon Alexa, simply enable it and I’ll deliver the relevant news & statistics weekly simply by asking for the latest news or flash briefing!

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The post JADE Condos Sales and Trends March 2020 appeared first on Jade Condos Sunny Isles Beach Blog.