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Fisher Island Condos – Real Estate Market Report – January 2012

February 10, 2012 by  

There are currently 103 Fisher Island Condos for sale:

  • Highest priced listing: $30,000,000 for an exclusive Oceanside 5/5.5 (this home has been listed since April of 2008)
  • Lowest priced listing: $180,000 for a 1 bedroom / 1 bathroom residence at Marina Village (short sale)
  • Pending Sales: 3
  • Closed sales in January: 2

The 2 Fisher Island Condos sold in January were:

  • Bayview Fisher Island – 5223 Fisher Island Dr – listed for $2,900,000 and selling for $2,450,000.
  • Marina Village Fisher Island – 42203 Fisher Island Dr – Foreclosure listed for $450,000 and selling for $405,000.

The median listing price in Fisher Island is $2.45 Million.  Distressed properties make up less than 8% of current for sale inventory.  Fisher Island sales may be slow, but the steady inventory and decrease in distressed inventory is a sure sign the bottom of the market is behind us.  Fisher Island is always a fun market to follow since it’s so different from the rest of Miami.

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

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Contact Us

Enrique Garcia & Ines Hegedus-Garcia
35 NE 40th Street
Design District
Miami, FL 33137
P: 305.758.2323
F: 305.758.2324
E: info [at] miamism [dot] com

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