Fisher Island Condos – Real Estate Market Report – April 2012

There are currently 95 Fisher Island Condos for sale (2 more than last month):

• Highest priced listing: $14,000,000 for an exclusive Oceanside 6/6/1
• Lowest priced listing: $98,010 for a foreclosed studio at Marina Village
• Pending Sales: 6 (1 more than last month)
• Closed sales in April: 3 (4 less than last month)

The 3 Fisher Island Condos sold in April were:

• Bayside Village – 2211 Fisher Island Dr – listed for $1,450,000 and selling for $1,350,000.
• Bayside Village – 2012 Fisher Island Dr – listed for $995,000 and selling for $900,000.
• Marina Village – 41216 Fisher Island Dr – listed for $549,000 and selling for $375,000.

The median listing price in Fisher Island is still $2.49 Million.  Distressed properties continue to make up less than 10% of current for sale inventory.  Fisher Island’s desirability has not decreased and will only continue to improve with the ultra-luxury demand that is currently growing in South Florida.

**all information obtained from the Southeast Florida Multiple Listing Service**

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