MARKET UPDATE Cervera Real Estate Market Update - Hallandale Beach & Surrounding Areas
Now is the time to buy!
Diana Dr.
26th Ave.
ach Blvd. E. Hallandale Be
Golden Isles Lake G ol
d e n Isl e s D
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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 Estate 1800 South Ocean Dr., Suite 100 Hallandale 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
S. Surf Rd.
Seacrest Park St.
S. Ocean Drive
. lvd Three Isl an d B
Diploma t P k w y.
Harb or
Nestled between Dr. Fort Lauderdale and Miami, the Hallandale Beach area is one of and Isl the most desirable locations in South Florida. Offering the simple pleasures of quiet olia luxury living with magnificent beaches, manyMagn flock Terraceto 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!
Issue 1 | Third Quarter 2012
Cervera Beach Club Office 1800 S. Ocean Drive, Suite 100
OCEAN FOUR 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 thirdparty content. The numbers reflected in the market update represent data provided by the MLXchange during the second quarter of 2012.
TRUMP TOWERS SUNNY ISLES
The Beach Club
STUDIO & ONE BED
Average list price Highest list price Lowest list price Average LP/SQFT
$372,000 $397,000 $305,000 $442
Average sold price Highest sold price Lowest sold price Average SP/SQFT
$335,000 $355,000 $328,000 $398
1 BED + DEN, 2 BED
Average list price Highest list price Lowest list price Average LP/SQFT
$654,000 $850,000 $339,000 $453
Average sold price Highest sold price Lowest sold price Average SP/SQFT
$471,000 $670,000 $329,000 $345
2 BED + DEN, 3 BED
Average list price Highest list price Lowest list price Average LP/SQFT
$797,000 $1,395,000 $589,000 $443
Average sold price Highest sold price Lowest sold price Average SP/SQFT
$663,000 $1,050,000 $421,000 $352
Sold
TWO BED
Average list price Highest list price Lowest list price Average LP/SQFT
$973,000 $1,050,000 $870,000 $423
Sold price Only 1 two bed SP/SQFT
$1,060,000
THREE BED
Average list price Highest list price Lowest list price Average LP/SQFT
$1,576,000 $2,199,000 $899,000 $534
Average sold price Highest sold price Lowest sold price Average SP/SQFT
$962,000 $1,383,000 $790,000 $326
FOUR BED
List price $3,900,000 Only 1 four bed LP/SQFT $764
Sold
TWO BED + DEN
Average list price Highest list price Lowest list price Average LP/SQFT
$1,407,000 $1,495,000 $1,320,000 $673
Developer Inventory Sold Out Average SP/SQFT
THREE BED
Average list price Highest list price Lowest list price Average LP/SQFT
$1,836,000 $1,860,000 $1,812,000 $582
Developer Inventory Sold Out Average SP/SQFT
$450
FIVE BED
List price $3,450,000 Only 1 five bed LP/SQFT $678
Developer Inventory Sold Out Average SP/SQFT
$575
Active
$500
Sold
TWO BED
List price Only 1 two bed Average LP/SQFT
$770,000
Sold price Only 1 two bed SP/SQFT
$800,000
$364
THREE BED
Average list price Highest list price Lowest list price Average LP/SQFT
$1,189,800 $1,390,000 $990,000 $457
Average sold price Highest sold price Lowest sold price Average SP/SQFT
$865,000 $1,385,000 $625,000 $350
Active
$379
ACQUALINA
Active
Sold
ONE BED
Average list price Highest list price Lowest list price Average LP/SQFT
$342,500 $398,000 $285,000 $390
Sold price Only 1 one bed Average SP/SQFT
$315,000
TWO BED
Average list price Highest list price Lowest list price Average LP/SQFT
$484,500 $599,000 $430,000 $364
Average sold price Highest sold price Lowest sold price Average SP/SQFT
$390,000 $430,000 $350,000 $279
THREE BED
Average list price Highest list price Lowest list price Average LP/SQFT
$760,700 $999,000 $774,000 $1,057
Average sold price Highest sold price Lowest sold price Average SP/SQFT
$600,000 $690,000 $530,000 $333
Active
Active
$358
Sold
Sold
ONE BED
Average list price Highest list price Lowest list price Average LP/SQFT
$798,000 $900,000 $745,000 $840
Average sold price Highest sold price Lowest sold price Average SP/SQFT
$747,000 $750,000 $745,000 $644
THREE BED
Average list price Highest list price Lowest list price Average LP/SQFT
$1,587,000 $1,699,000 $1,450,000 $793
Average sold price Highest sold price Lowest sold price Average SP/SQFT
$1,452,500 $1,730,000 $1,200,000 $750
FOUR BED
Average list price Highest list price Lowest list price Average LP/SQFT
$2,994,000 $4,100,000 $2,199,000 $1,203
Average sold price Highest sold price Lowest sold price Average SP/SQFT
$2,118,000 $2,350,000 $1,850,000 $787
FIVE BED
Average list price Highest list price Lowest list price Average LP/SQFT
$9,400,000 $9,900,000 $8,900,000 $1,145
Sold price Only 1 five bed SP/SQFT
$4,600,000
$431
JADE OCEAN
Active
JADE BEACH
Sold
TRUMP ROYALE
Trump Hollywood
OCEAN MARINE YACHT CLUB
OCEAN PALMS
Jade Beach
Active
Active ONE BED
Average list price Highest list price Lowest list price Average LP/SQFT
$1,036,000 $1,350,000 $860,000 $1,080
TWO BED
Average list price Highest list price Lowest list price Average LP/SQFT
$1,807,000 $1,865,000 $1,750,000 $976
Average sold price Highest sold price Lowest sold price Average SP/SQFT
$1,360,000 $1,500,000 $1,220,000 $856
THREE BED
Average list price Highest list price Lowest list price Average LP/SQFT
$2,439,000 $4,100,000 $1,865,000 $1,019
Average sold price Highest sold price Lowest sold price Average SP/SQFT
$1,737,000 $1,790,000 $1,700,000 $797
FOUR BED
Average list price Highest list price Lowest list price Average LP/SQFT
$2,950,000 $3,200,000 $2,750,000 $1,075
Sold price Only 1 four bedroom SP/SQFT
$2,800,000
FIVE BED
Average list price Highest list price Lowest list price Average LP/SQFT
$10,450,000 $10,950,000 $9,950,000 $1,603
Active ONE BED
Average list price Highest list price Lowest list price Average LP/SQFT
$529,000 $799,000 $450,000 $695
THREE BED
Average list price Highest list price Lowest list price Average LP/SQFT
$2,412,000 $2,780,000 $1,890,000 $1,009
Average sold price Highest sold price Lowest sold price Average SP/SQFT
$1,760,000 $2,250,000 $1,470,000 $838
FOUR BED
Average list price Highest list price Lowest list price Average LP/SQFT
$4,625,000 $6,450,000 $2,800,000 $1,126
Average sold price Highest sold price Lowest sold price Average SP/SQFT
$2,450,000 $2,650,000 $2,300,000 $890
FIVE BED
Average list price Highest list price Lowest list price Average LP/SQFT
$5,640,000 $6,300,000 $4,980,000 $1,107
Active
Sold
ONE BED
Average list price Highest list price Lowest list price Average LP/SQFT
$677,000 $700,000 $635,000 $719
Average sold price Highest sold price Lowest sold price Average SP/SQFT
$478,000 $535,000 $450,000 $523
TWO BED
Average list price Highest list price Lowest list price Average LP/SQFT
$962,000 $1,125,000 $859,000 $687
Average sold price Highest sold price Lowest sold price Average SP/SQFT
$793,000 $930,000 $630,000 $541
Sold price $1,115,000 Only 1 three bedroom SP/SQFT $514
$801,000 $899,000 $650,000 $519
Average sold price Highest sold price Lowest sold price Average SP/SQFT
$693,000 $840,000 $601,000 $403
THREE BED
Average list price Highest list price Lowest list price Average LP/SQFT
$1,817,000 $1,910,000 $1,725,000 $847
THREE BED
Average list price Highest list price Lowest list price Average LP/SQFT
$1,474,000 $1,795,000 $839,000 $580
Average sold price Highest sold price Lowest sold price Average SP/SQFT
$1,535,000 $1,550,000 $1,520,000 $557
FOUR BED
Average list price Highest list price Lowest list price Average LP/SQFT
$3,570,000 $3,690,000 $3,450,000 $882
FOUR BED
Average list price Highest list price Lowest list price Average LP/SQFT
$1,912,000 $2,100,000 $1,549,000 $634
Sold
TWO BED
Average list price Highest list price Lowest list price Average LP/SQFT
$1,153,000 $1,495,000 $865,000 $576
THREE BED
Average list price Highest list price Lowest list price Average LP/SQFT
$1,146,000 $1,890,000 $790,000 $518
Average sold price Highest sold price Lowest sold price Average LP/SQFT
$655,000 $739,000 $590,000 $451
$991
Sold
Average list price Highest list price Lowest list price Average LP/SQFT
Active
$876
Sold
TWO BED
TURNBERRY OCEAN COLONY
THE BEACH CLUB TRUMP HOLLYWOOD
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.
DIPLOMAT RESIDENCES
About the Market Update
Active
Sold
TWO BED
Average list price Highest list price Lowest list price Average LP/SQFT
$2,044,000 $2,500,000 $1,899,000 $913
Average sold price Highest sold price Lowest sold price Average SP/SQFT
THREE BED
Average list price Highest list price Lowest list price Average LP/SQFT
$3,199,000 $3,249,000 $3,150,000 $1,153
Sold price $2,380,000 Only 1 three bedroom SP/SQFT $859
FOUR BED
Average list price Highest list price Lowest list price Average LP/SQFT
$5,898,000 $9,000,000 $3,850,000 $1,347
Average sold price Highest sold price Lowest sold price Average SP/SQFT
$1,769,000 $1,875,000 $1,658,000 $788
$3,164,000 $3,357,000 $2,850,000 $877
Cervera’s Services
Magnolia Terrace
• Pre-construction/Project Sales
• Short Term & Vacation Rentals
C
• Property Management
Diploma t P k w y.
• Commercial Sales/Leasing
40,000+ Condominium Units Sold | $12+ Billion in Sales | 18 Languages Spoken Fluently 83 Condominium Projects Exclusively Represented | 400+ Global Strategic Alliances
Seacrest Park St.
ch Blvd.
E. Hallandale Bea
Hot New Developments
Golden Isles Lake G ol
d e n Isl e s D
r.
E
A Cervera Beach Club Office 1800 S. Ocean Dr., Suite 100 B Trump Hollywood 2711 S. Ocean Dr. C Ocean Palms 3101 S. Ocean Dr. D Diplomat Oceanfront Residences 3535 S. Ocean Dr. E Ocean Marine Yacht Club 1945 S. Ocean Dr.
Sunny Isles 183rd St.
Island Dr. rbor Ha
Rd.
A
Need to get around town? No problem! The recently launched Seacrest Park St. Broward B-cycle lets you run an ch Blvd. errand, grab E. Hallandale Bea Diana Dr. lunch, travel from the bus Golden Isles Lake stop to your r. G ol office, or just d e n Isl e s D 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.
Atlantic Blvd.
NE 174th St. NE 172nd St.
N. Bay Rd.
S. Ocean Drive
S. Surf Rd.
Three Islan d Bl
B Collins Ave.
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.
178th St.
C
D
NE 170th St.
E
NE 163rd St. Sunny Isles Blvd
Atlantic Isle Poinciana Dr.
Kings Point Dr.
Collins Ave.
Fun Ways to Get Around Town vd .
Hallandale Beach News
N. Ba y
Magnolia Terrace
Diploma t P k w y.
D
A
Diana Dr.
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.
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.
S. Ocean Drive
• Corporate Relocation
B
S. Surf Rd.
• Residential Sales/Leasing
vd .
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!
Island Dr. rbor Ha
Hallandale
Three Islan d Bl
About Cervera Real Estate
F
G
A Trump Royale 18201 Collins Ave. B Acqualina 17875 Collins Ave. C Ocean Four 17201 Collins Ave. D Jade Ocean 17121 Collins Ave. E Jade Beach 17001 Collins Ave. F Turnberry Ocean Colony 16047 and 16051 Collins Ave. G Trump Towers Sunny Isles 16001 Collins Ave.
Our Experience Runs 43 Years Deep and Thousands of Miles Wide
The Beach Club
St. Regis Bal Harbour
Your Bal Harbour, Sunny Isles, Hallandale and Hollywood Real Estate Experts
Jade Beach
Mansions at Acqualina
Porsche Tower
Regalia
Offices: Brickell | Brickell Key | Coconut Grove | Coral Gables | Downtown Miami | Key Biscayne | South Beach | Kendall | Hallandale | West Palm Beach | Ft. Myers 1800 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
Thinking of buying, selling or leasing? Call our team of Real Estate Specialists today!
Marie Vargas Bellitto, P.A. 954.448.5009
Renee Caserta 305.332.7883
Helena Fordin 917.406.9118
Catherine Friedman 954.290.9737
Mathy Garcia Chesnick 786.473.7998
mariebvargas@bellsouth.net
rcaserta@me.com
helenafordin@gmail.com
cathyf2508@gmail.com
mathygarcia@gmail.com
Paola Guzzo 954.882.2015
Ruth Hagee 954.549.4991
Mary Mass P.A. 786.285.4122
Liliana Pinto-Torres 305.333.9966
Marioly Saldana 305.450.0086
paola.guzzo@gmail.com
ruthmhagee@hotmail.com
mmassrealtor@aol.com
lpintotorres@mac.com
saldanamarioly@gmail.com
Ada Sasson 786.586.4746
Juan Carlos Tobon 305.898.5526
Juliana Tobon 786.718.6805
Marzena I. Wisniewski 305.801.1952
Facebook.com/CerveraRE
sassona@bellsouth.net
juanct2@yahoo.com
julianatobonre@gmail.com
mysunnyliving@gmail.com