Search Bal Harbour homes for sale with Bal Harbour expert, Lydia Eskenazi.
Find your dream home
Interactive Map
The Bal Harbour housing market is currently experiencing low competition. Last month, the median sale price of a home in Bal Harbour dropped to $653,000, marking a significant decrease of 49.8% compared to the previous year. Additionally, the median sale price per square foot fell to $668, which is a 30.2% decline from last year. This sharp decline in prices may indicate a shift in market dynamics, potentially influenced by a combination of decreased demand and increased supply. Economic factors, changes in buyer preferences, or broader real estate market trends could be contributing to this downturn. Prospective buyers might find this an opportune time to invest in Bal Harbour properties, while sellers might need to adjust their expectations and strategies in response to the changing market conditions.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Sale Price
In May 2024, Bal Harbour home prices experienced a significant drop of 49.8% compared to the previous year, with a median selling price of $653,000. Homes in Bal Harbour now average 163 days on the market, a substantial increase from 63 days last year. This May, 10 homes were sold, down from 17 in the same period last year.
Bal Harbour's housing market is not very competitive. Homes typically sell in 118.5 days, and multiple offers are rare. On average, homes sell for about 6% below the list price and go pending in around 119 days. However, hot homes can sell for about 2% below the list price and go pending in approximately 69 days.
People moving to Bal Harbour are primarily coming from outside metropolitan areas, constituting 3% of homebuyers nationwide. Among those relocating, homebuyers from New York showed the highest interest in moving to Bal Harbour, followed by those from Washington and Boston.
Are you interested in owning a property in the luxurious enclave of Bal Harbour, FL? Whether you're looking for a beachfront condo, a prestigious estate, or a stylish apartment, we have the expertise to help you find your perfect home. Our team is ready to answer all your questions and guide you through the process of acquiring a property in this exclusive coastal community. Don’t wait—contact us now and let’s make your dream of living in Bal Harbour a reality!
Discover the allure of Bal Harbour with our comprehensive neighborhood guide. Uncover everything from local amenities to real estate insights that make Bal Harbour a sought-after destination. Start exploring today to find out why this exclusive community captures the hearts of residents and visitors alike. Begin your journey into Bal Harbour now!
Lydia is the dedicated professional who provides unmatched discipline and focus to maximize the potential of every sale. Her commitment and unsurpassed market knowledge provide the successful ingredients necessary to find your dream home. Contact her now!
