Sunny Isles sells 111 new condo units in second quarter

There were 111 new condo units sold in Sunny Isles Beach in the second
quarter of 2010, reducing unsold developer inventory to 20 percent,
according to a white paper from Condo Vultures. The units sold for a
total of $102.2 million, or an average of $475 per square foot in the
buildings that have been constructed in the area since 2003. Condo
Vultures founder Peter Zalewski said buyers were being driven to Sunny
Isles because of the much higher prices in South Beach. The oceanfront
community has been performing
well of late, with Trump Towers in Sunny Isles recently
topping $100 million in sales. TRD