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| Market Report – July |
| The Biscayne |
| July has arrived, bringing with it warm sunshine and the promise of summer adventures, along with our latest Real Estate Market Report. |
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| LUXURY SINGLE – FAMILY HOMES MARKET OVERVIEW |
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| Market Status |
| The Biscayne outperforms the Bolivar Peninsula market, which has about 25 months of inventory. It shows stronger buyer demand with only six active listings and four pending sales. Buyers appreciate newer construction, private beach access, and the gated community lifestyle. |
| Sales Performance |
| Luxury homes in The Biscayne sell at an average of 94.3% of the original list price, with many homes reaching 96% to 99%. This trend reflects the Peninsula’s upper-end market, where well-priced homes still attract qualified buyers, despite longer marketing periods.
Luxury Entry Point |
| The median sale price in The Biscayne is about $952,500, with prices between $614,800 and $1.339 million in the last six months. The average sold price is over $956,000, ranking it among Bolivar Peninsula’s top luxury communities.
High End Market Leaders |
| Recent sales averaged around $400 per square foot, with individual homes ranging from $312 to nearly $497 based on factors like location, size, age, amenities, and updates. Homes with pools, close beach access, and recent construction hold the highest values.
Vibrant Sales Areas |
| The Bolivar Peninsula market has many options, but activity in The Biscayne is strong, with four homes pending sale. Buyers are actively seeking quality luxury properties in beachfront communities, emphasizing the importance of proper pricing as they compare listings across the Peninsula. |
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| Sold |
“Mark was always available and returned my calls promptly. I truly don’t believe I could have sold my property without his help. His knowledge, communication, and dedication made all the difference.”
Joe P., Seller | Biscayne Beach Rd |
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| Market Leaders |
| Crystal Beach One10 Realty Group is a market leader in The Biscayne, known for consistent results, local expertise, and a client-first approach. With nearly $20 million in closed and pending sales in five years, they help buyers and sellers succeed in Bolivar Peninsula’s premier beachfront community. |
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