Real Estate Market Report, July 2018.

A total of 8 units were offered for sale last month at the 360 Condominium. The average listing price for these units was $436,749. In Building A, we have two new listings to showcase this month. The first listing is Unit # 907; a one-bedroom condo with unobstructed views to the south of Miami Beach. The second listing is Unit # 1025; a corner unit with 3 beds / 2 baths. It is being offered for sale by the bank for a listing price per square foot of 315.

Two units successfully sold last month. These units were sold as cash transactions for an average closing price per square foot of $253. We must bring attention to Unit # 624 because this was an  REO (bank owned) unit that sold for $200,025 after it had only been on the market for 19 days. The original asking price was $265,025, so it ended up selling for $65,000 less.

A total of 6 units were offered for rent last July at the 360 Condominium. They were offered for an average price of $2,733 per month. Most of these units are located in Building A and being offered unfurnished. Unit # 1205 and Unit # 102 are also offered for sale.

If you 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