Miami-Dade County Condo Sales Tumble Last Week

Miami-Dade County condo sales, total dollar volume and price per square foot resumed their downward spiral last week, after a brief respite.

Brokers closed 107 condo sales totaling $61 million last week, down from 141 condo sales totaling $88 million the week prior.

Last week, units sold for an average of $572,000, lower than the $625,000 from the week prior. The average price per square foot fell to $469 from $496, according to data from condo.com. Last week, condos closed after an average of 61 days on the market.

For the top 10 sales, prices ranged from $1 million to $10.5 million. Only one sale out of the top 10 broke the $5 million barrier.

Unit 2401S at the St. Regis Bal Harbour at 9701 Collins Avenue in Bal Harbour took the top spot by a wide margin after one day on the market. Sergio Balinotti represented the buyer for the $10.5 million sale, which breaks down to $2,994 per square foot.

The runner-up was unit 1704 at the Residences by Armani/Casa at 18975 Collins Avenue in Sunny Isles Beach, which sold for $2.5 million after 266 days on the market — or $1,579 per square foot. Pola Benchimol Levy with eXp Realty had the listing. Paolo Scattarreggia with MLR Realty represented the buyer. 

Here’s a breakdown of the top 10 sales from Oct. 22 to Oct. 28:

Most Expensive

St. Regis Bal Harbour, 9701 Collins Avenue, unit 2401S in Bal Harbour | Price $10,550,000 | $2,994 psf | Buyer’s agent: Sergio Balinotti with BRG International | Days on market: 1

Least Expensive

Bay House, 600 Northeast 27th Street, unit 2301 in Miami | Price $960,000 | $621 psf | Listing agent: Andrea Andrada with Coppola International Realty | Buyer’s agent: Brett Phang Sang with First World Realty | Days on market: 16

Highest Price Per Square Foot

St. Regis Bal Harbour, 9701 Collins Avenue, unit 2401S in Bal Harbour | Price $10,550,000 | $2,994 psf | Buyer’s agent: Sergio Balinotti with BRG International | Days on market: 1

Lowest Price Per Square Foot

Bay House, 600 Northeast 27th Street, unit 2301 in Miami | Price $960,000 | $621 psf | Listing agent: Andrea Andrada with Coppola International Realty | Buyer’s agent: Brett Phang Sang with First World Realty | Days on market: 16

Most Days on Market

Residences by Armani/Casa, 18975 Collins Avenue, unit 1704 in Sunny Isles Beach | Price $2,475,000 | $1,578 psf | Listing agent: Pola Benchimol Levy with eXp Realty | Buyer’s agent: Paolo Scattarreggia with MLR Realty | Days on market: 266

Fewest Days on Market

St. Regis Bal Harbour, 9701 Collins Avenue, unit 2401S in Bal Harbour | Price $10,550,000 | $2,994 psf | Buyer’s agent: Sergio Balinotti with BRG International | Days on market: 1