Mike Howard REALTOR
®
Beachfront Realty Inc. 18205 Biscayne Boulevard #2205 Aventura, FL 33160
(305) 760-9220 GMHoward1@icloud.com www.HomesInBalHarbour.com
Bal Harbour
BEACHFRONT
Noam Tal REALTOR®
March 2021 | Real Estate Market Report
(786) 251-9261 NoamRealtor@gmail.com www.NoamTal.com
Presented by Mike Howard and Noam Tal, Your Bal Harbour Beachfront Specialists
2021 REAL ESTATE PREDICTIONS
How Vaccines, Current Administration, and More Could Shape Housing Trends Mortgage Rates Will Stay Low...ish
Home Prices Will Keep Rising
Most experts expect mortgage rates to stay low for quite a while – through 2021 and beyond.
The start of the year should see some steep increases, and growth will slow once vaccines reach the general public.
Competition Will Calm Unless a Housing Tax Credit is Passed
The Suburbs Will Continue Their Hot Streak
The number of for-sale listings should increase through most of 2021. If the Tax Credit passes, it could ramp up competition.
The flexibility people now enjoy through working remotely is contributing to migration patterns, as well as the desire for more space.
Homes Will Get Bigger With More Health-Related Amenities
Foreclosures Will Jump, but Not as Much as You Might Expect
People want more space. Consumers want larger and more efficient housing. Interest around saving money will grow.
Historically low rates, strong demand, and surge in urban and suburban migration ensure homeowners can more easily sell.
2021 is on track to be another record-setting year. With still historically low interest rates, an increase in demand, and low inventory, now is the time to sell! Call us today at (305) 760-9220 or (786) 251-9261 for a free consultation. Published by Aly J. Yale on December 28th, 2020 on money.com
Mike Howard
Bal Harbour BEACHFRONT
Noam Tal
REALTOR®
REALTOR®
(305) 760-9220 GMHoward1@icloud.com www.HomesInBalHarbour.com
Real Estate Market Report
(786) 251-9261 NoamRealtor@gmail.com www.NoamTal.com
If you would like your home featured in this publication and mailed to the Bal Harbour Beachfront neighborhood please call us today at (305) 760-9220 or (786) 251-9261.
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Living, Loving, and Promoting the Bal Harbour Lifestyle
BAL HARBOUR
BEACHFRONT 2020 Year-In-Review
SOLD PRICE
$69K Low
-5.8% from 2019
$1.6M Average
SOLD PRICE PER SQ. FT.
$197 SOLD
Low
Average
23
Total Sales
$8.5M High
-0.7% from 2019
$712
108
$2,114 High
277
25
$249,999 $7,499,000
ACTIVE LISTINGS
PENDING LISTINGS
PENDING LIST PRICE RANGE
Bal Harbour Beachfront Homes Sold in the Last 60 Days ADDRESS
BEDS
AVERAGE SOLD PRICE/ LIST PRICE RATIO LOW: 57.9% | HIGH: 101.0%
Days Slower than 2019
Average: 208 | Low: 0 | High: 1,715
Statistics show a decrease in key market indicators and current inventory points to a buyer’s market. To secure the best price for your home, you need a marketing and negotiation expert who specializes in your Bal Harbour Beachfront community. If you are thinking of selling, contact us today at (305) 760-9220 or (786) 251-9261. Data based on listings f rom BeachesMLS f rom January 1st to December 31st, 2019 and 2020. Information deemed accurate but not guaranteed.
EST. SQ. FT.
OCEAN VIEW
LIST PRICE
LIST DATE
SOLD PRICE
SOLD DATE
10185 Collins Avenue #422
1
1.1
993
N/A
$313,000
12/02/20
$305,000
02/04/21
9601 Collins Avenue #1608
2
2.1
2,250
Yes
$1,999,000
03/02/20
$1,765,000
02/04/21
1.0
510
N/A
$395,000
01/08/18
$380,000
01/29/21
10295 Collins Avenue #316
89.6%
TOTAL BATHS
10185 Collins Avenue #822
1
1.1
993
Yes
$250,000
09/09/20
$245,000
01/26/21
9801 E Collins Avenue #12N
2
2.0
1,388
N/A
$599,000
10/09/20
$595,000
01/25/21
9601 Collins Avenue #904
2
2.1
2,160
Yes
$1,999,900
09/25/20
$1,675,000
01/25/21
10201 Collins Avenue #401S
4
6.1
5,780
Yes
$5,995,000
06/17/20
$5,100,000
01/22/21
9705 Collins Avenue #1103N
3
3.1
2,840
Yes
$4,150,000
10/10/19
$4,100,000
01/20/21
10225 Collins Avenue #1103
3
4.0
2,918
N/A
$2,400,000
04/01/19
$2,250,000
01/15/21
10101 Collins Avenue #Cab11
1
1.0
160
Yes
$120,000
07/10/20
$120,000
01/14/21
10185 Collins Avenue #203
1
1.0
N/A
N/A
$269,500
06/08/20
$255,000
01/13/21
10101 Collins Avenue #6A
2
4.1
3,110
Yes
$1,699,000
07/10/20
$1,600,000
01/08/21
10225 Collins Avenue #1803
4
4.1
2,918
N/A
$2,750,000
09/15/20
$2,300,000
12/30/20
10185 Collins Avenue #202
1
1.0
1,019
N/A
$259,900
03/09/18
$238,000
12/28/20
10275 Collins Avenue #220
2
2.0
1,056
Yes
$770,000
10/26/20
$750,000
12/23/20
9705 Collins Avenue #605N
2
2.1
1,599
N/A
$1,840,000
10/25/19
$1,800,000
12/22/20
9705 Collins Avenue #1802N
3
3.1
3,128
N/A
$4,600,000
10/15/20
$4,200,000
12/22/20
10275 Collins Avenue #324
1
1.1
896
N/A
$390,000
09/09/20
$370,000
12/17/20
10185 Collins Avenue #902
1
1.0
1,019
Yes
$259,000
05/15/20
$235,000
12/15/20
10155 Collins Avenue #1409
3
3.1
3,300
Yes
$1,899,999
09/28/20
$1,800,000
12/14/20
10275 Collins Avenue #1006
2
2.0
1,056
Yes
$737,000
06/30/20
$715,000
12/10/20
Mike Howard, Noam Tal, and Beachfront Realty Inc. are in no way affiliated with any Bal Harbour Home Owners Association, nor is this in any way an official advertisement or publication of Bal Harbour. ©2021. All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the BeachesMLS for December 10th, 2020 through February 8th, 2021. Listings and sales may not be those of Beachfront Realty Inc. BeachesMLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.