In 2014, there were a total of 36 condo sales at Marina Blue with an average sales price of $504,208 and an average sales price per square foot of $421.93. Topping off the chart with the highest priced sale at Marina Blue in 2014 was unit 5009 which closed on May 7th at $800,000, equaling $456.10 per square foot.
Now, it is important to look at the 2013 Marina Blue condo sales to get a year-over-year comparison. Why is this important? Because the Miami real estate market has trends. You can get a good idea of the direction that the local condo market is heading by taking a look at the year-over-year numbers. In 2014, Marina Blue had 5 more condo sales than in 2013. Additionally, the average sales price in 2014 was up $8,014 from 2013 with an increase in price per square foot of $6.08, an increase of 1.5%. So, an increase in the total number of condo sales, average sales price and average sales price per square foot from 2013 to 2014 should act as a reinforcement of the increased values of the Downtown Miami condo market and that purchasing a Marina Blue condo is a good investment.
If you, or someone you know, are interested in purchasing a condo at Marina Blue, please contact your Marina Blue condo specialist, Michael Light. You may reach me on my cell at (786) 566-1700, at my office at (305) 350-9842 or via email at email@example.com.
Disclaimer: All information contained herein was retrieved from the MLS on 1/8/15 and is for informative purposes only.