Fisher Island Real Estate Market Report – August 2010
September 6, 2010 by Ines Hegedus-Garcia
There are currently 123 Fisher Island Condos for sale: (3 more than last month)
- Highest priced listing: $30,000,000 for an exclusive Oceanside 5/5.5 home with artwork and all!
- Lowest priced listing: $159,000 for a studio at Marina Village (short sale)
- Pending Sales: 7 (same as last month)
- Closed sales in August : 1 (1 less than last month)
The single Fisher Island condo sale in the month of August was the following:
- Seaside Village – 19237 Fisher Island Dr – listed for $699,000 and selling for $600,000
A client of ours called last week in disbelief about Fisher Island having distressed sales. How in the world could someone that could afford the lavish lifestyle of a private island have to short sale or be foreclosed on? Well…the reality is that the rich are not immune to adversity but this by no means should suggest that Fisher Island Real Estate is suffering. When putting numbers into perspective, you will realize than only 8% of the existing Fisher Island Condo inventory is distressed, which when compared to other areas in Miami and Miami Beach, is minuscule.
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[...] couple of years and some wealth pumped into the island’s infrastructure. There just have been very few sales and that will always affect generalized numbers. Related Articles: « Mortgage Pre-approval: [...]