Real Estate Market Report, April 2018.

Last April at Akoya, 6 units hit the market for sale. Unit #2202, an REO (bank owned), listed for $1,149,900. Also to highlight last month, we have #4106 with two assigned parking spaces, which was offered for $825,000. Another great deal of the month is #3506, with the lowest asking price per square foot at $691.

Only one off the market unit sold last month: #2402. This unit was sold for $1,125,000. It was closed after only 20 days as a cash transaction. With the new listings of this past month. Now our active inventory is up to 37 units in total. With such high competition, it is important to have the right exposure, marketing, and price on your unit.

Four units successfully rented last month. These units lasted an average of 104 days on the market before finding new tenants, with unit #2906 lasting the fewest number of days. Exposure and marketing of your unit matter even if it is for rent. To see a virtual tour of this unit, visit: https://youtu.be/W51s4npaGv8More Info

Akoya saw a total of 9 new units offered for rent this past month. Most of these units are one-bedroom condos and are offered fully furnished. The unit of the month is #4107. It is a corner unit on the 41st floor offering unobstructed views to the south and west of Miami Beach. We mostly mentioned this unit is already rented.

If you have any further questions regarding this report, you may contact Nivaldo Soria, P.A. or Claudia Serpa, P.A.
at 305-219-8343 or nivaldosr@SouthFloridaInvestments.com