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NEIGHBORHOOD DESCRIPTION (Continued) <br />maximum of 2.1 along the ocean front and 1.5 in non -ocean front locations. From there an addition <br />30% in FAR may be purchased via the TDR program. Thus the maximum FAR can be increased, <br />as per the LDR, to 5.98 along the ocean about 5.0 for non -ocean front properties. The cost of the <br />TDR's are derived from property appraisals. <br />The increase in FAR also permits an increase in density which makes up for a lack of available land <br />are to be utilized for future growth. The City continues to actively pursue in -land properties to <br />increase their TDR bank. <br />The following table illustrates the most recent condominium sale statistics for Sunny Isles Beach. <br />Location <br />Previous Six Month Period: <br />No Sales <br />Price Range <br />Average Price <br />Average Price Per SF <br />Median Price <br />Median Price Per SF <br />Average Marketing Time <br />Median Marketing Time <br />Prior Six Month Period: <br />No Sales <br />Average Price <br />Average Price Per SF <br />Median Price <br />Median Price Per SF <br />Average Marketing Time <br />Median Marketing Time <br />Change in Average Price Per SF <br />Change in Median Price Per SF <br />Change in Average Marketing Time <br />All of Sunny Isles Beach Oceanfront Properties <br />318 <br />$80,000 to $28,461,500 <br />$1,887,414 <br />$740 <br />$732,500 <br />$520 <br />136 <br />98 <br />303 <br />$1,662,490 <br />$771 <br />$868,000 <br />$602 <br />112 <br />81 <br />-4.2% <br />-15.8% <br />21.4% <br />172 <br />$80,000 to $28,641,500 <br />$2,899,453 <br />$997 <br />$1,425,000 <br />$807 <br />150 <br />106 <br />171 <br />$2,353,710 <br />$1,084 <br />$1,600,000 <br />$817 <br />125 <br />91 <br />-8.7% <br />-1.2% <br />20.0% <br />22 <br />N <br />560 <br />