The Real Deal Miami

A month after San Lorenzo auction, few units actually move

May 18, 2010 12:00PM

The San Lorenzo is very close to the site of the future Marlins ballpark

After a spirited auction that saw prospective buyers bid successfully for 65 units, just nine of the 65 have been sold, according to a report by Condo Vultures. The nine units that did transact sold for an average of $134 per square foot, which betters the average price at April’s auction, where the highest-bidders offered an average of $121 per square foot. The San Lorenzo had gone three years without a sale until the auction Apr. 10. The project is located near the site of the future home of the Florida Marlins, an incentive that is drawing buyers to Little Havana. TRD