Miami-Dade County Condo Sales Tumble Last Week
Miami-Dade County condo sales tumbled last week, with total dollar volume, total sales, and price per square falling far short of their totals from the previous week.
Brokers closed 105 condo sales totaling $64 million last week, down from 149 sales totaling $146 million the week prior.
From Nov. 5 to Nov. 11, units sold for an average of $616,000, lower than the $978,000 from the week prior. The average price per square foot fell to $508 from $569, according to data from condo.com. Last week, condos closed after an average of 69 days on the market.
For the top 10 sales, prices ranged from $1.2 million to $8.5 million. Only the top sale exceeded $5 million in price.
One Park Grove condo unit 7A at 2811 South Bayshore Drive in Miami took the top spot with an $8.5 million closing. David Siddons with Douglas Elliman had the listing and Pietro Belmonte, also with Douglas Elliman, represented the buyer. The sale breaks down to $2,618 and closed after 30 days on the market.
The runner-up was unit 2001 at Ocean Two at 19111 Collins Avenue in Sunny Isles Beach, which sold for $2.3 million — or $844 per square foot — after 106 days on the market. Amanda McLaughlin with LoKation worked both sides of the deal.
Here’s a breakdown of the top 10 sales from Nov. 5 to Nov. 11:
Most Expensive
One Park Grove, 2811 South Bayshore Drive, unit 7A in Miami | Price $8,500,000 | $2,618 psf | Listing agent: David Siddons with Douglas Elliman | Buyer’s agent: Pietro Belmonte with Douglas Elliman | Days on market: 30
Least Expensive
Icon Brickell, 485 Brickell Avenue, unit 4004 in Miami | Price $1,200,000 | $933 psf | Listing agent: Matthew Van Wie with Serhant | Buyer’s agent: Antonio Yunez with Fortune International Realty | Days on market: 4
Highest Price Per Square Foot
One Park Grove, 2811 South Bayshore Drive, unit 7A in Miami | Price $8,500,000 | $2,618 psf | Listing agent: David Siddons with Douglas Elliman | Buyer’s agent: Pietro Belmonte with Douglas Elliman | Days on market: 30
Lowest Price Per Square Foot
Marina Palms Residences, 17111 Biscayne Boulevard, unit 1507 in North Miami Beach | Price $1,275,000 | $670 psf | Listing agent: Elsa Rodriguez with Fortune International Realty | Buyer’s agent: Steven Pesso with United Realty Group | Days on market: 193
Most Days on Market
Paramount Bay, 2020 North Bayshore Drive, unit 2707 in Miami | Price $1,580,000 | $944 psf | Listing agent: Anjianette Beltran with Cervera Real Estate | Buyer’s agent: Free Valente with Coldwell Banker Realty | Days on market: 200
Fewest Days on Market
Icon Brickell, 485 Brickell Avenue, unit 4004 in Miami | Price $1,200,000 | $933 psf | Listing agent: Matthew Van Wie with Serhant | Buyer’s agent: Antonio Yunez with Fortune International Realty | Days on market: 4
