It looks like many of Miami-Dade County’s condo buyers were too busy feasting on Thanksgiving turkey to close on their units last week. A new batch of market data shows sales volume fell by half between last week and the prior week, with only two units trading above $1 million.
Last week’s top sale was unit 4A at the Casa Del Mar building in Key Biscayne, which traded for $1.72 million after spending 125 days on the market with Allison Blumenthal of Avatar Real Estate Services. The three-bedroom, three-bathroom pad boasts ocean views, marble floors and a private wraparound balcony. Its purchase breaks down to $551 per square foot.
In the No. 2 spot was unit 2002 at the Jade Ocean tower in Sunny Isles Beach. This one-bedroom, two-bathroom condo fetched $1.275 million after being marketed for 98 days with Bertha Betty Maya of Decorus Realty. Its features include white porcelain floors, white furniture and in-unit washer and dryer. The deal equates to $1,09 per square foot.
And in third place was the $980,000 sale of unit 3202 at the Waverly South Beach. With its two bedrooms, two bathrooms, bay views and upgraded kitchen, the condo brought in a buyer after sitting on the market for 89 days. The purchase price breaks down to $776 per square foot, and Enrique Tejera of One Sotheby’s International Realty was the listing agent.
After those top three deals, the remainder of Miami-Dade’s 10 priciest purchases range from $855,000 to $575,000.
Miami-Dade had 89 condo sales last week for a total of $25.15 million, marking a drop in volume of about $25 million and 31 sales from the previous week. Average prices were $282,546 per unit and $229 per square foot.
Casa Del Mar #4a, Key Biscayne | $1.72M | $551 psf | 125 days on market | Allison Blumenthal of Avatar Real Estate Services
The Palace #B2303, downtown Miami | $575,000 | $350 psf | 173 days on market | Elizabeth Lima of Prudential Florida Realty
Most days on market
The Towers of Key Biscayne #D1206, Key Biscayne | 458 days on market | $795,000 | $564 psf | Maureen Jauregui of Fortune International Realty
Least days on market
The Waverly South Beach #3202, Miami Beach | 59 days on market | $980,000 | $776 psf | Enrique Tejera of One Sotheby’s International Realty