Positive Miami Beach market signs 2nd quarter 2010.
In May and June 2010 The Setai PH closed at $15mil, One Bal Harbour PH closed at $8.7mil and Fontainebleau PH closed at $9mil.
Notable Single Family sales on La Gorce Island June 2010
88 La Gorce Cr. Closed at $16mil, and 40 La Gorce Cr. closed at $7.4mil.
Developer Sales
The W South Beach has had $125mil in closed sales since opening, as well as $40mil in pending sales to date.
These are clear signs of confidence returning, and the high-end market strengthening. Given the limited availability of ultra high-end condos, all indications point to a stronger seller’s market returning within a year.
