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    5 Things You Should Know about Q3 2019 Key Biscayne Condo Sales

    The third quarter of 2019 was interesting for sales of Key Biscayne condos. There were 48 sales between July 1 and September 30.  Here are the five things you need to know about the Key Biscayne Condo market during Q3:

    1.  23% of all sales took place at the Ocean Club.  The eleven units generated just over $18.5 million in sales.  This represents 39% of the total sales of Key Biscayne condos for the quarter. During the third quarter of 2018 the Ocean Club had just three sold units and made up only 6.5% of all Key Biscayne condo sales.

    2.  The total sales amount for the 48 Key Biscayne condos sold during Q3 is $47,184,705.

    3. The average days on market of a Key Biscayne condo sold during Q3 is 266 days.  That is 4  days longer than the same quarter of 2018.

    4.  Half of all Key Biscayne condo sales during Q3 were cash transactions.  That is down 6% compared to the amount of cash transactions during the same quarter in 2018.

    5.  The average sale price to original list price ratio during the third quarter of 2019 was 87%.

     

    If you would like a more detailed report of the Key Biscayne condo market for the third quarter of 2019 please reach out to Adrian Foley at adrian@adrianfoley.com.  Below is a Compass Collection created by Adrian.  The collection shows all of the Q3 Key Biscayne condo sales.

     

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    Adrian Foley

    Adrian Foley has lived all over the world—Taiwan, the Philippines, Argentina, New York, California—and has now rooted his professional life in South Florida in partnership with Compass. With 7 years of hands-on industry experience, Adrian holds a B.A. in History and Spanish from College of the Holy Cross, and a J.D. from Santa Clara University School of Law, along with membership in the Florida Bar Association. Adrian, who is bilingual in English and Spanish, is able to combine this global perspective with his legal skills, underscored by the access to best-in-class technology and customer service that are central to Compass’ ethos, supporting clients in residential, commercial, and investment property transactions. Calling Miami home, Adrian is optimistic about continuing growth trends, backed by an expanding tech center, that draw new residents, visitors, and interests to the region. With an approach built on professionalism, service, and technology, Adrian is a committed partner to buyers and sellers, equally giving his all towards the purchase of a first home, the sale of a long-time family home, searching for the perfect second home, or on the commercial and investment side of the transaction. Adrian’s particular area of focus runs from Miami Beach to Palmetto Bay, and feels he is privileged to have the opportunity to support clients in such important life events. In his personal time, Adrian enjoys sports, including cycling and running, boating, and volunteering.

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