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Market Update: Bal Harbour, FL Real Estate in October 2023

  • St Regis Bal Harbour #2612
    • Sold Price: $3,000,000
    • Days on Market (DOM): 170
    • Listed Price: $3,690,000
  • The St Regis Bal Harbour unit #2612 was sold for $3,000,000 after being on the market for 170 days. It was originally listed for $3,690,000, indicating a successful negotiation that resulted in a lower selling price.
  • Oceana at Bal Harbour #305
    • Sold Price: $2,750,000
    • Days on Market (DOM): 193
    • Listed Price: $2,985,000
  • Oceana at Bal Harbour unit #305 closed at a selling price of $2,750,000. This property spent 193 days on the market before being sold, and it was initially listed for $2,985,000. Like the St Regis unit, this sale suggests a negotiation below the original listing price.
  • The Ritz #1114
    • Sold Price: $1,800,000
    • Days on Market (DOM): 78
    • Listed Price: $1,975,000
  • The Ritz unit #1114 was sold for $1,800,000 with a relatively shorter time on the market of 78 days. It was listed at $1,975,000, and the successful sale indicates that the final selling price was slightly under the initial listing.
  • Lanai #204
    • Sold Price: $350,000
    • Days on Market (DOM): 6
    • Listed Price: $360,000
  • Lanai unit #204 was sold for $350,000 after only 6 days on the market. It was initially listed for $360,000. The short DOM and a selling price very close to the listing price suggest a quick and successful sale.

In summary, the real estate market in Bal Harbour, Florida for October 2023 saw a mix of properties being sold at various price points. Some units were sold below their initial listing prices, while others had quicker sales with prices close to the listing amounts. These details reflect the dynamics of the local real estate market during that specific month.