Bal Harbour · Market Report
A plain-language analysis of the Bal Harbour condo market — what the current data shows about pricing, liquidity, and what it means for buyers and sellers across every building tier.
Bal Harbour closed 11 condo transactions in June at a median sale price of $1,700,000 and a median of 127 days on market — a real reversal from May's three closings and 45.7 months of supply. The shift was multi-building and deliberate, not a random spike. It puts months of supply at 11.3 against 124 active listings.
The gap between where sellers are positioned and where buyers are actually transacting remains wide — even with 11 closings. The full report covers which buildings drove the reversal, what the DOM compression from 239 to 127 days signals, and what the current data means for buyers and sellers at each price point.
Bal Harbour is a small, concentrated market where a single active building can move the monthly figures significantly. Eleven condo closings in June is a meaningful shift from May's three — and it is a real market move, not a data artifact. The range from $430,000 to $12,750,000 reflects multiple product tiers trading under the same zip code, and the median of $1,700,000 at $980 per square foot is the reference point this report works from.
Statistics are drawn from MLS exports for June 2026. Months of supply at 11.3 — while still elevated above balanced-market convention — represents a meaningful improvement from 45.7 in May. Building-level dynamics continue to shape these aggregate figures more than any broad market trend.
This report covers two property segments: condominiums — individual units within multi-unit buildings with shared common areas and HOA structures — and single-family homes, which are standalone houses on their own lot. In Bal Harbour, these segments are almost entirely separate markets with different buyer profiles, different price points, and very different levels of transaction activity. They are treated separately throughout this report.
Bal Harbour closed 11 condo transactions in June at a median sale price of $1,700,000 and a median of 127 days on market. There are currently 124 active condo listings — that puts months of supply at 11.3, which means the market is carrying nearly a year of unsold inventory relative to its pace of absorption. That said, the reversal from May's 45.7 months is real: Oceana Bal Harbour, Harbour House, The St. Regis Bal Harbour, Kenilworth, and The Tiffany all produced closings this period.
The pricing range on active listings runs from $223,000 to $75,000,000, with a median list price of $3,049,500. Closings ranged from $430,000 to $12,750,000. The gap between what sellers are asking and what buyers are actually paying is the number I'd pay the most attention to right now.
Eleven closings pulled months of supply from 45.7 to 11.3 — a real reversal, spread across five buildings.
Oceana Bal Harbour, Harbour House, The St. Regis Bal Harbour, Kenilworth, and The Tiffany all produced closings this period — absorption returned across the market rather than through one building's outlier month. The market is still carrying nearly a year of unsold inventory, and the spread between the $3,049,500 median list price and the $1,700,000 median closed price remains the number to watch.
Eleven closings traded at a median of $1,700,000 with a median price per square foot of $980. Median days on market for those closings came in at 127 — over four months from listing to contract execution. That number alone tells you something about buyer urgency in Bal Harbour right now: there isn't much.
Closings recorded this period came from Oceana Bal Harbour, Harbour House, The St. Regis Bal Harbour, Kenilworth, and The Tiffany of Bal Harbour. The spread between the lowest close at $430,000 and the highest at $12,750,000 reflects how wide this market is — these are fundamentally different product types trading under the same zip code, and they don't move at the same speed.
With 124 active condo listings and 11 closings, Bal Harbour is carrying 11.3 months of supply. Anything north of 9 months gives buyers real selection and real leverage. At this level, sellers are competing with each other — not just for attention, but for a limited pool of buyers who have no pressure to move quickly.
The single-family segment is thin: 3 active listings priced from $8,500,000 to $78,000,000, with 1 closing recorded at $42,973,750 on 56 Bal Bay Dr. That closing moved in 2 days on market, which suggests an off-market or pre-negotiated transaction — not a signal that should be generalized to the broader single-family market here.
The median active list price for condos is $3,049,500. The median closed sale price is $1,700,000. That's a 79% gap between where sellers are listing and where buyers are actually transacting.
Some of that spread reflects the mix — the upper end of inventory skews the median list price upward, while closings this period landed in a more moderate range. But even accounting for that, the distance between asking and closing is wide enough that it tells a clear story: a meaningful portion of the active inventory is not priced to trade at the pace sellers may be expecting. Listings that are finding buyers are doing so well below where the broader market is positioned.
How long does it take to sell a condo in Bal Harbour?
The median across the 11 condo closings in June 2026 was 127 days — down from May's 239-day median, which reflects the broader shift in activity this period. Eleven closings across Oceana Bal Harbour, Harbour House, The St. Regis Bal Harbour, Kenilworth, and The Tiffany of Bal Harbour indicate a real change in pace, not a data artifact. At 127 days, buyers are still taking their time. The listings that closed tended to be priced relative to their building's own comp set; those still sitting are working through a gap between seller expectations and what the current buyer pool will transact at.
What drove the shift from 3 closings in May to 11 in June?
Oceana Bal Harbour drove 4–5 of the 11 closings on its own — which immediately tells you this is partly a building-level event. Harbour House, The St. Regis Bal Harbour, Kenilworth, and The Tiffany of Bal Harbour each contributed single transactions. When one high-absorption building like Oceana has an active closing period, it can move the monthly numbers significantly for the entire market. The shift from 45.7 months of supply in May to 11.3 in June reflects that. But 124 active listings are still waiting — the broader market has not fundamentally changed its dynamic. May was an anomalously slow month; June reflects a return to a more typical Bal Harbour pace.
What is the price per square foot for condos in Bal Harbour?
The median across the 11 condo closings in June 2026 was $980 per square foot. Bal Harbour's building mix spans a wide range — from older co-op inventory like Brownstone and Harbour House at one end to ultra-luxury product like Oceana Bal Harbour and St. Regis Bal Harbour at the other. Those buildings don't share a buyer pool, a pricing basis, or a comparable sale set. The $980 median reflects the mix that closed this period, which included several Oceana closings alongside mid-market transactions. A per-square-foot figure for Bal Harbour as a whole is less useful than the closed-comp history for the specific building being evaluated.
Is Rivage Bal Harbour a good investment compared to the resale market?
Rivage is the one true new development in Bal Harbour — and that alone changes how the entire market behaves. There is no resale comp for Rivage. Buyers evaluating it are assessing developer projections, design positioning, and the premium that a building without a comparable in the existing inventory can sustain. June's resale closings ranged from $430,000 to $12,750,000 at a median of $1,700,000 — primarily Oceana Bal Harbour and mid-market buildings. That is not the same buyer pool or pricing basis as Rivage. These are fundamentally different products with different buyer profiles and different investment horizons.
How does the Bal Harbour single-family market compare to condos?
Three single-family homes are active in Bal Harbour, priced from $8,500,000 to $78,000,000. One single-family home closing was recorded in June — 56 Bal Bay Dr at $42,973,750 with 2 days on market, which suggests a pre-negotiated or off-market transaction rather than a standard listed sale. With that price range and a single data point, the single-family market in Bal Harbour is effectively a watch-and-wait situation for the right buyer at each specific price point. The $78M listing and the $8.5M listing are not in the same market conversation. For buyers with single-family interest in Bal Harbour, a comp-grounded offer strategy and a realistic sense of the buyer pool at each price point is essential — broad market averages provide no useful guidance here.
This report covers current conditions in the Bal Harbour condo market — written for buyers and sellers who want to understand what the data actually says about pricing, absorption, and liquidity across this address.
Updated June 2026 · MLS data · Bal Harbour, Area 1
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If you're looking at Bal Harbour condos right now, the numbers are working in your favor. With 11.3 months of supply and a median of 127 days on market for closed transactions, you have time and you have options. There are 124 active listings to consider across a range from $223,000 to $75,000,000. That kind of selection doesn't require you to rush or stretch on price.
The gap between median list price and median sale price — $3,049,500 versus $1,700,000 — suggests that a significant number of listings are sitting above where the market is actually clearing. That creates room for negotiation, particularly with sellers whose listings have been active for several months. I'd focus on DOM when evaluating a property. A listing that has been sitting 100-plus days is a different conversation than one that came on last week.
The data is straightforward: Bal Harbour is carrying 11.3 months of condo supply, and closings are taking a median of 127 days. If your listing is priced near or above the current median list price of $3,049,500, you're competing with a deep pool of inventory — and the closings this period landed at a median of $1,700,000. That distance between where listings sit and where transactions are actually happening tells you where buyer expectations are right now.
Pricing to the last cycle — or even to comparable active listings — doesn't guarantee activity. It extends your DOM, and extended DOM tends to weaken your position further as buyers read time on market as a signal. The sellers who closed this period did so at buildings like Oceana Bal Harbour, Harbour House, and The St. Regis Bal Harbour — and they did so at prices the market was willing to meet. If selling within the next quarter is the goal, the pricing conversation needs to start with where buyers are closing, not where other sellers are listing.
At 11.3 months of supply and a median of 127 days on market for closed transactions, Bal Harbour is not a market where listings convert quickly. Sellers who need to transact within the next 90 days should understand that the current pace of absorption — 11 closings this period against 124 active listings — means competition for buyers is high and urgency from buyers is low. Properties priced in line with where closings are actually landing, around the $1,700,000 median and $980 per square foot, are the ones finding their way to contract. Listings positioned significantly above that range are accumulating days, not offers.
Based on current supply levels, the next quarter is likely to continue favoring buyers in Bal Harbour. If the absorption rate holds near 11 closings per period and new inventory continues entering — listings were recorded across more than 25 buildings this period, from Balmoral and Bellini to Majestic Tower and The Palace at Bal Harbour — months of supply will remain elevated or climb further. Sellers whose listings have already been active for 90-plus days will face increasing competition from fresher inventory entering at potentially sharper pricing. The median closed price of $1,700,000 at $980 per square foot gives a reference point, but with 11 closings, that reference carries real weight only when compared against building-specific comps. If this pattern holds, patience without a pricing adjustment carries real risk of extended DOM and, eventually, a weaker negotiating position.
I can run a building-level or unit-level analysis for any specific Bal Harbour property you're evaluating — including full listing history, closed comps, and a realistic price-to-market assessment. No pitch, just the numbers.
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