Published by Peter Zalewski
3/15/2024 
3:02:33 PM 
Choosing a Sunny Isles Beach condo building to reside in can be a confusing process given the variety of choices.
After all, Sunny Isles Beach is a barrier island city sandwiched between the Atlantic Ocean west to Biscayne Bay, and Haulover Park north to the Golden Beach town limits.
This nearly three-mile long city is comprised of a variety of condo product ranging from dated midrise buildings constructed some 50 years ago to state-of-the-art glass towers designed by internationally acclaimed architects.
In the 12 months of 2023, buyers purchased an average of about 62 units per month for a total of nearly 750 units at a price tag of more than $1 billion between January and December, according to a recent report.
The average transaction price for a Sunny Isles Beach condo was about $688 per square foot last year, according to the stats.
By comparison, seven of the projects on the Top 10 list traded at a price of less than the Sunny Isles Beach market average.
We have crunched the statistics for the Year 2023 and have published a series of reports during the last two weeks on CondoVultures.com looking at the winners and losers in Sunny Isles Beach.
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This information is believed to be accurate and complete but cannot be guaranteed or warranted. For more information, please call 305.865.5859 or visit CondoVulturesRealty.com
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Condo Market Inventory Tracker
A Snapshot Of Tricounty South Florida Region Of Miami-Dade, Broward And Palm Beach
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| Condos | 24,016 | 10.2 |
| Luxury Condos | 3,740 | 15.1 |
| Shortsales | 30 | 15.0 |
| REOs | 126 | 6.6 |
| Rentals | 21,476 | 3.9 |
Peter Zalewski is a licensed real estate broker and consultant focused on the South Florida condo market. Zalewski is a former special contributor to the Miami Herald and a former real estate columnist for The Real Deal magazine. Zalewski now hosts the Miami Real Estate Investing Podcast that is available in audio and video wherever you get your podcasts.
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