Escaping Boston's Blizzards

Key Biscayne is a perfect place for children, especially young ones.  The beaches are a lot calmer than those on South Beach, there are beautiful parks,  a wonderful community center, bike paths, and a truly walk-able neighborhood!

Others on the list included Key Biscayne 33149 at number 199, Coral Gables 33146 at number 363 and Miami Beach 33154, which includes Indian Creek Village, Bay Harbor Islands, Bal Harbour, and Surfside, at number 494.

These South Florida cities have a high inventory, which will put a downward pressure on prices.  The only city that did not see a decrease in it’s median home price was Coral Gables.

• Total single family sales in January 2009: 0

Pending Sales: 3 total, none of which are water front

Active: 140 of which 27 are water front

Price Range for Active:  Non-Water: $5,450,000 – $950,000  Water front: $19,900,000 – $2,925,000

Condos – Closed Sales

• Total condos sales in January 2009: 7
• Highest Sales Price: $1,835,000 for a 3,120 square foot unit in Casa del Mar
• Lowest Sales Price: $460,000 for a 1,600 square foot unit in Key Colony
• 5 of the sales were in water front buildings

Pending Sales: 16 total, 12 of which are in water front buildings.

Active: 378 of which 261 are in water front buildings

Price Range for Active:  Non-Water: $2,900,000 – $90,000 (to be sold at auction) Water front: $7,800,000 – $245,000

• Total single family sales in 2008: 37
• Highest Sales Price: $7,500,000 for a 6,369 square foot home built in 1991 on a 16,271 square foot water front lot on S. Mashta
• Lowest Sales Price: $817,900 for a 1,763 square foot 7,500 square foot lot.  Bank-owned foreclosure on Cranwood.
• 6 of the sales were water front properties

Condos

• Total condos sales in 2008: 161
• Highest Sales Price: $8,550,000 for a  6,700 square foot unit in Ocean Club
• Lowest Sales Price: $220,000 for a 610 square foot unit in the Key Islander
• 9125 of the sales were in water front buildings