Fisher Island Condos – March 2010 Market Report

There are currently 126 Fisher Island Condos for sale: (3 less than last month)

• Highest priced listing: $30,000,000 for an exclusive Oceanside 5/5.5 home with artwork and all!
• Lowest priced listing: $190,000 for a studio at Marina Village
• Pending Sales: 8 (1 more than previous month)
• Closed sales in March : 5 (3 more than last month)

The 5 Fisher Island condo sale in the month of March were the following:

• Villa de Mare – 7223 Fisher Island Dr – listed for $8,000,000 and selling for $6,750,000
• Bayview at Fisher Island– 5033 Fisher Island Dr – listed for $2,350,000 and selling for $1,850,000
• Bayside Village East – 2111 Fisher Island Dr – listed for $2,150,000 and selling for $1,800,000
• Bayview at Fisher Island – 5345 Fisher Island Dr – listed for $1,095,000 and selling for $1,089,000
• Bayview at Fisher Island – 5344 Fisher Island Dr – listed for $1,050,000 and selling for $625,000

There were 32 Fisher Island Condo sales in 2008 ranging in price between $700,000 and $5,457,000 compared to 25 sales in 2008.  We are starting to see higher priced listings selling in Fisher Island… not just the Condo-Hotel opportunities from Seaside Villas.  We’re also seeing a huge price disparity from listing to selling prices – Fisher Island Condos are suffering just as much as the Miami Beach Luxury Condo Market.

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