cervera real estate's hallandale beach & the surrounding area's market update
DESCRIPTION
The market update is designed to provide visitors and residents residential sales information for Hallandale Beach and the surrounding area. In this report you will find valuable data including the number of sales transactions and active listings for Broward's top condominium residences.TRANSCRIPT
Golden Isles Dr.
E. Hallandale Beach Blvd.
S. O
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SeacrestPark St.
GoldenIsles Lake
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MagnoliaTerrace
Diana Dr.
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MARKET UPDATECervera Real Estate Market Update - Hallandale Beach & Surrounding Areas Issue 1 | Third Quarter 2012
What’s inside…• Fun Ways to Get Around Town
• Market Trends for Area’s Top Buildings
• Hot New Condo Developments
• Hallandale Beach News
Cervera Real Estate1800 South Ocean Dr., Suite 100Hallandale Beach, FL 33009
The only onsite sales and leasing office at The Beach Club, located next to valet in Tower 3. Open 7 days/week | 954.455.0505
Nestled between Fort Lauderdale and Miami, the Hallandale Beach area is one of the most desirable locations in South Florida. Offering the simple pleasures of quiet luxury living with magnificent beaches, many flock to the area to enjoy the sun’s rays and waterfront relaxation. The area’s real estate market has seen tremendous activity with buildings such as The Beach Club setting record sales prices of over $500 per square foot, and Mansions at Aqualina and Regalia trading at over $1000 per square foot. Without a doubt, now is the time to buy. Trends indicate continuous, steady increases in pricing due to positive growth quarter after quarter during the past year. For more information on the current market, or for a complimentary analysis for your property contact one of our knowledgeable, savvy associates today!
Now is the time to buy!
Cervera Beach Club Office1800 S. Ocean Drive, Suite 100
About the Market Update
This market update is designed to provide visitors and residents residential sales information for Hallandale Beach and the surrounding area. In this report you will find valuable data including the number of sales transactions and active listings for the Broward’s top condominium residences. Check out our Facebook page for daily real estate information and market updates at facebook.com/CerveraRE.
Cervera Real Estate makes no claims, promises or guarantees about the accuracy, completeness or adequacy of the contents of this advertisement and expressly disclaims liability for errors and omissions of third-party content.
The numbers reflected in the market update represent data provided by the MLXchange during the second quarter of 2012.
TWO Average list price $973,000 BED Highest list price $1,050,000 Lowest list price $870,000 Average LP/SQFT $423
THREE Average list price $1,576,000 BED Highest list price $2,199,000 Lowest list price $899,000 Average LP/SQFT $534
FOUR List price $3,900,000 BED Only 1 four bed LP/SQFT $764
Sold price $1,060,000 Only 1 two bed SP/SQFT $431
Average sold price $962,000 Highest sold price $1,383,000 Lowest sold price $790,000Average SP/SQFT $326
Active Sold
DIP
LOM
AT
RES
IDEN
CES
STUDIO Average list price $372,000 & ONE Highest list price $397,000 BED Lowest list price $305,000 Average LP/SQFT $442
1 BED Average list price $654,000 + DEN, Highest list price $850,000 2 BED Lowest list price $339,000 Average LP/SQFT $453
2 BED Average list price $797,000+ DEN, Highest list price $1,395,0003 BED Lowest list price $589,000 Average LP/SQFT $443
Average sold price $335,000Highest sold price $355,000 Lowest sold price $328,000 Average SP/SQFT $398
Average sold price $471,000 Highest sold price $670,000 Lowest sold price $329,000Average SP/SQFT $345
Average sold price $663,000 Highest sold price $1,050,000 Lowest sold price $421,000Average SP/SQFT $352
Active Sold
THE
BEA
CH
CLU
B
TWO Average list price $1,153,000 BED Highest list price $1,495,000 Lowest list price $865,000 Average LP/SQFT $576
THREE Average list price $1,146,000 BED Highest list price $1,890,000 Lowest list price $790,000 Average LP/SQFT $518
Average sold price $655,000 Highest sold price $739,000 Lowest sold price $590,000Average LP/SQFT $451
Active Sold
TRU
MP
TOW
ERS
SUN
NY
ISLE
S
Average sold price $1,360,000 Highest sold price $1,500,000 Lowest sold price $1,220,000Average SP/SQFT $856
Average sold price $1,737,000Highest sold price $1,790,000Lowest sold price $1,700,000Average SP/SQFT $797
Sold price $2,800,000 Only 1 four bedroom SP/SQFT $991
Active Sold
JAD
E O
CEA
N
ONE Average list price $1,036,000 BED Highest list price $1,350,000 Lowest list price $860,000 Average LP/SQFT $1,080
TWO Average list price $1,807,000 BED Highest list price $1,865,000 Lowest list price $1,750,000 Average LP/SQFT $976
THREE Average list price $2,439,000BED Highest list price $4,100,000 Lowest list price $1,865,000 Average LP/SQFT $1,019
FOUR Average list price $2,950,000BED Highest list price $3,200,000 Lowest list price $2,750,000 Average LP/SQFT $1,075
FIVE Average list price $10,450,000BED Highest list price $10,950,000 Lowest list price $9,950,000 Average LP/SQFT $1,603
ONE Average list price $342,500 BED Highest list price $398,000 Lowest list price $285,000 Average LP/SQFT $390
TWO Average list price $484,500 BED Highest list price $599,000 Lowest list price $430,000 Average LP/SQFT $364
THREE Average list price $760,700BED Highest list price $999,000 Lowest list price $774,000 Average LP/SQFT $1,057
Sold price $315,000 Only 1 one bed Average SP/SQFT $358
Average sold price $390,000 Highest sold price $430,000 Lowest sold price $350,000Average SP/SQFT $279
Average sold price $600,000Highest sold price $690,000Lowest sold price $530,000Average SP/SQFT $333
Active Sold
OCE
AN
MA
RIN
E YA
CHT
CLU
B
Jade Beach
Trump Hollywood
The Beach Club
TWO Average list price $1,407,000 BED Highest list price $1,495,000 + DEN Lowest list price $1,320,000 Average LP/SQFT $673
THREE Average list price $1,836,000 BED Highest list price $1,860,000 Lowest list price $1,812,000 Average LP/SQFT $582
FIVE List price $3,450,000 BED Only 1 five bed LP/SQFT $678
Developer Inventory Sold Out Average SP/SQFT $500
Developer Inventory Sold Out Average SP/SQFT $450
Developer Inventory Sold Out Average SP/SQFT $575
Active Sold
TRU
MP
HO
LLYW
OO
D
TWO List price $770,000 BED Only 1 two bed Average LP/SQFT $364
THREE Average list price $1,189,800 BED Highest list price $1,390,000 Lowest list price $990,000 Average LP/SQFT $457
Sold price $800,000 Only 1 two bed SP/SQFT $379
Average sold price $865,000 Highest sold price $1,385,000 Lowest sold price $625,000Average SP/SQFT $350
Active Sold
OC
EAN
PA
LMS
ONE Average list price $798,000 BED Highest list price $900,000 Lowest list price $745,000 Average LP/SQFT $840
THREE Average list price $1,587,000 BED Highest list price $1,699,000 Lowest list price $1,450,000 Average LP/SQFT $793
FOUR Average list price $2,994,000BED Highest list price $4,100,000 Lowest list price $2,199,000 Average LP/SQFT $1,203
FIVE Average list price $9,400,000BED Highest list price $9,900,000 Lowest list price $8,900,000 Average LP/SQFT $1,145
Average sold price $747,000 Highest sold price $750,000 Lowest sold price $745,000Average SP/SQFT $644
Average sold price $1,452,500 Highest sold price $1,730,000 Lowest sold price $1,200,000Average SP/SQFT $750
Average sold price $2,118,000Highest sold price $2,350,000Lowest sold price $1,850,000Average SP/SQFT $787
Sold price $4,600,000 Only 1 five bed SP/SQFT $876
Active Sold
JAD
E B
EAC
H
ONE Average list price $677,000 BED Highest list price $700,000 Lowest list price $635,000 Average LP/SQFT $719
TWO Average list price $962,000 BED Highest list price $1,125,000 Lowest list price $859,000 Average LP/SQFT $687
THREE Average list price $1,817,000 BED Highest list price $1,910,000 Lowest list price $1,725,000 Average LP/SQFT $847
FOUR Average list price $3,570,000 BED Highest list price $3,690,000 Lowest list price $3,450,000 Average LP/SQFT $882
Average sold price $478,000 Highest sold price $535,000 Lowest sold price $450,000Average SP/SQFT $523
Average sold price $793,000 Highest sold price $930,000 Lowest sold price $630,000Average SP/SQFT $541
Sold price $1,115,000 Only 1 three bedroom SP/SQFT $514
Active Sold
TRU
MP
RO
YALE
ONE Average list price $529,000 BED Highest list price $799,000 Lowest list price $450,000 Average LP/SQFT $695
THREE Average list price $2,412,000 BED Highest list price $2,780,000 Lowest list price $1,890,000 Average LP/SQFT $1,009
FOUR Average list price $4,625,000 BED Highest list price $6,450,000 Lowest list price $2,800,000 Average LP/SQFT $1,126
FIVE Average list price $5,640,000 BED Highest list price $6,300,000 Lowest list price $4,980,000 Average LP/SQFT $1,107
Average sold price $1,760,000 Highest sold price $2,250,000 Lowest sold price $1,470,000Average SP/SQFT $838
Average sold price $2,450,000 Highest sold price $2,650,000 Lowest sold price $2,300,000Average SP/SQFT $890
Active Sold
ACQ
UA
LIN
A
TWO Average list price $801,000 BED Highest list price $899,000 Lowest list price $650,000 Average LP/SQFT $519
THREE Average list price $1,474,000 BED Highest list price $1,795,000 Lowest list price $839,000 Average LP/SQFT $580
FOUR Average list price $1,912,000BED Highest list price $2,100,000 Lowest list price $1,549,000 Average LP/SQFT $634
Average sold price $693,000 Highest sold price $840,000 Lowest sold price $601,000Average SP/SQFT $403
Average sold price $1,535,000 Highest sold price $1,550,000 Lowest sold price $1,520,000Average SP/SQFT $557
Active Sold
OC
EAN
FO
UR
TWO Average list price $2,044,000 BED Highest list price $2,500,000 Lowest list price $1,899,000 Average LP/SQFT $913
THREE Average list price $3,199,000 BED Highest list price $3,249,000 Lowest list price $3,150,000 Average LP/SQFT $1,153
FOUR Average list price $5,898,000BED Highest list price $9,000,000 Lowest list price $3,850,000 Average LP/SQFT $1,347
Average sold price $1,769,000 Highest sold price $1,875,000 Lowest sold price $1,658,000Average SP/SQFT $788
Sold price $2,380,000 Only 1 three bedroom SP/SQFT $859
Average sold price $3,164,000 Highest sold price $3,357,000 Lowest sold price $2,850,000Average SP/SQFT $877
Active Sold
TURN
BERR
Y O
CEA
N C
OLO
NY
Since 1969, Miami-based Cervera Real Estate as been South Florida’s industry leader in condominium sales. As the first real estate broker to represent developers in the sales and marketing of their projects, Cervera has created a specialized field within the brokerage industry. The company, which was also the first to market extensively in several international markets, continues to broaden those relationships while expanding its global reach. Be the first to know about the next opportunity to buy pre-construction deals - call Cervera today!
Hot New Developments
According to The Miami Herald, Northeast Miami-Dade County, is “emerging as the epicenter of the region’s next vertical real estate cycle.” At least six condominium towers are planned for the Sunny Isles area, including Mansions at Aqualina, Regalia and Porsche Design Tower. All of the new developments will offer attributes unique to each building, Porsche, for example, features elevators that take residents directly to their unit while still seated in their car. Regalia will only have one unit per floor with over 5,515 sf of living space starting in the low six millions. Inspired by the world-renowned Aqualina Resort and Spa, The Mansions inherit the brand’s five-diamond pedigree and luxurious amenities with units priced from $5M up to $50MM. Rental rates are continuing to rise in the area, which provides an attractive investment proposition for buyers. Cervera has worked with countless second-home buyers from around the world who love the beach, but wish to lease out their units throughout seasons to offset the total cost of ownership. Call our team today, and find out how we can help you own a portion of this exclusive lifestyle.
About Cervera Real Estate
Hallandale Beach and the surrounding areas are thriving with activity, from restaurant and hotel openings to new luxury residences developing along the coast. Stop by the recently opened Il Mercato Café and Wine Shop on Hallandale Beach Boulevard. This local hotspot has received countless five-star reviews for its amazing cuisine coupled with an impressive wine menu set in a cozy, relaxed atmosphere. If you are seeking a find dining experience, try Sardelli’s Italian Steakhouse in Hollywood. Open since January, this restaurant offers a high-end menu of steak, seafood and pasta in a charming, intimate setting.
There are plenty of activities for the young ones this summer including the Pony Pals Kids Club at Gulfstream Park. Pony Pals opens up a world of fun and discovery for children ages six and under. This free weekly series presents interactive experiences and entertainment that children and their parents can enjoy together. For the older kids, head south to Oleta River State Park to enjoy beaches, bicycling, canoeing, fishing, hiking and camping. With so much to
do, you can rent a one of fourteen quaint cabins and spend the weekend to appreciate everything the park has to offer. There truly is something for everyone from large beautiful mangrove forest preserves to miles of off-road bicycling trails.
Cervera’s Services• Pre-construction/Project Sales
• Residential Sales/Leasing
• Corporate Relocation
• Short Term & Vacation Rentals
• Commercial Sales/Leasing
• Property Management
Need to get around town? No problem! The recently launched Broward B-cycle lets you run an errand, grab lunch, travel from the bus stop to your office, or just get some fresh air for just a few dollars. This bike-sharing program allows riders to pick up and drop off bicycles at stations conveniently located throughout Hollywood/Hallandale. It’s there when you need it and gone when you don’t. If biking isn’t your thing, take a ride on the Hollywood Trolley. Chose from over a dozen boarding locations and explore historic Downtown Hollywood’s dining and cultural activities for only a dollar per ride (Kids 5 and under are free.) And, for a trolley-on-the-water try out the Fort Lauderdale Water Taxi with twelve stops along Broward’s coast. Every stop offers a discount for riders at the different locations, including China Grill, Charthouse, Mangos and Cold Stone Creamery. Fare ranges from $10-20 for unlimited rides throughout the entire day.
Fun Ways to Get Around TownHallandale Beach News
Golden Isles Dr.
E. Hallandale Beach Blvd.
S. O
cean
Dri
ve
SeacrestPark St.
GoldenIsles Lake
Thre
e Is
land
Blv
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H
arbor Island Dr.
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MagnoliaTerrace
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NE 163rd St.
Sunny Isles Blvd
NE 170th St.
Atlantic Isle
Poinciana Dr.
Kings Point Dr.
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Cervera Beach Club Office 1800 S. Ocean Dr., Suite 100
Trump Hollywood 2711 S. Ocean Dr.
Ocean Palms 3101 S. Ocean Dr.
Diplomat Oceanfront Residences 3535 S. Ocean Dr.
Ocean Marine Yacht Club 1945 S. Ocean Dr.
Golden Isles Dr.
E. Hallandale Beach Blvd.
S. O
cean
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SeacrestPark St.
GoldenIsles Lake
Thre
e Is
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Harbor Island Dr.
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MagnoliaTerrace
NE 174th St.
178th St.
183rd St.
Atla
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Blvd
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N. B
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d.
NE 172nd St.
NE 163rd St.
Sunny Isles Blvd
NE 170th St.
Atlantic Isle
Poinciana Dr.
Kings Point Dr.
N. B
ay R
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Colli
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Diana Dr.
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Hallandale
Trump Royale 18201 Collins Ave.
Acqualina 17875 Collins Ave.
Ocean Four 17201 Collins Ave.
Jade Ocean 17121 Collins Ave.
Jade Beach 17001 Collins Ave.
Turnberry Ocean Colony 16047 and 16051 Collins Ave.
Trump Towers Sunny Isles 16001 Collins Ave.
B
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G
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Sunny Isles
40,000+ Condominium Units Sold | $12+ Billion in Sales | 18 Languages Spoken Fluently83 Condominium Projects Exclusively Represented | 400+ Global Strategic Alliances
Our Experience Runs 43 Years Deep and Thousands of Miles Wide
Your Bal Harbour, Sunny Isles, Hallandale and Hollywood Real Estate Experts
Offices: Brickell | Brickell Key | Coconut Grove | Coral Gables | Downtown Miami | Key Biscayne | South Beach | Kendall | Hallandale | West Palm Beach | Ft. Myers1800 South Ocean Drive Suite 100, Hallandale Beach, FL 33009 | Sales, Leasing, Management and Commercial | Photo by Robin Hill
www.cervera.com | Facebook.com/CerveraRE | Licensed Real Estate Broker
Facebook.com/CerveraRE
Thinking of buying, selling or leasing? Call our team of Real Estate Specialists today!
The Beach Club St. Regis Bal Harbour Jade Beach Mansions at Acqualina Porsche Tower Regalia
Marie Vargas Bellitto, P.A.954.448.5009
Renee Caserta305.332.7883
Helena Fordin917.406.9118
Catherine Friedman954.290.9737
Mathy Garcia Chesnick786.473.7998
Paola Guzzo954.882.2015
Ruth Hagee954.549.4991
Mary Mass P.A.786.285.4122
Liliana Pinto-Torres305.333.9966
Marioly Saldana305.450.0086
Ada Sasson786.586.4746
Juan Carlos Tobon305.898.5526
Juliana Tobon786.718.6805
Marzena I. Wisniewski305.801.1952