The second week of June saw a bump in the road for condo sales across Miami-Dade County, though a few exceptional closings shone through falling prices and volume, according to data from condo.com.
A unit in Miami’s Four Seasons Residences traded for $4.45 million, marking the week’s most expensive sale. Fabian Dominguez of Fortune International Realty had the listing, which sat on the market for 285 days before closing.
Eloy Carmenate of One Sotheby’s International Realty had the next most expensive sale on the list, a $2.85 million residence at the Continuum South Beach. Though Carmenate’s closing fell $1.6 million behind the top spot, his price per square foot — $1,975 — more than doubled Dominguez’s $995.
Prices for other big sales hovered between $1.8 million to $1.1 million, the most notable being a unit at the Millennium Condo in Sunny Isles Beach that took nearly two years to close. It finally sold for $1.8 million, a $500,000 price cut from its 2013 listing. Jose Augusto Nunes of Algebra Realty was the agent.
A total of 149 condos were sold across the county last week for $54 million — a large drop from the previous week’s total of $71 million. Average sale prices were $362,112 and the average price per square foot was $280.
Four Seasons Residences, Miami | $4.45M | $995 psf | 285 days on market | Fabian Dominguez of Fortune International Realty
The Executive, Miami Beach | $1.1M | $597 psf | 114 days on market | Sheryl Padilla of Oceanfront Blue Realty
Most days on market
Millennium Condo, Sunny Isles Beach | 692 days on market | $1.8M | $814 psf | Jose Augusto Nunes of Algebra Realty
Least days on market
Sunset Harbour South, Miami Beach | 41 days on market | $1.655M | $871 psf | Paul Sasseville of Esslinger Wooten Maxwell