A January cold front wasn’t the only thing cooling down Miami-Dade County last week: the county’s condo sales suffered another slow week amid news of a stuttering housing market, and only two units pushed past the multimillion-dollar mark.
The week’s most expensive sale was unit 15A at the Bal Harbour Tower. It traded for $2.85 million after spending 175 days on the market under Agnieska Gray of RE/MAX Executive Realty. This corner unit has three bedrooms, four-and-a-half bathrooms, an open floor plan and high ceilings. Its price breaks down to $746 per square foot.
Following close behind was a three-bedroom, four-bathroom unit at the Ocean Club in Key Biscayne that closed for $2.7 million. Brigitte Nachtigall of Great Properties International listed the unit for 108 days before it sold at $1,080 per square foot. It’s a flow-through unit — meaning it has frontages on both sides of the building — and features wood floors and water views.
The week’s third-most expensive unit was a 24th-floor residence at the Bella Mare in Aventura. Unit 2407 spent only 51 days on the MLS before selling for $1.99 million — barely missing the $2 million mark. Its closing price breaks down to about $700 per square foot. Perla Bursztein of Perla International Realty had the listing for this three-bedroom, three-bathroom unit that boasts walnut floors, custom built-ins and a modern kitchen.
After the top three sales, the week’s priciest condo deals ranged between $1.9 million and $700,000.
Miami-Dade County as a whole saw 85 units trade for a total of $33.726 million. That’s a significant drop from the previous week, which had 116 sales for $46.788 million. Average prices last week were $396,779 per unit and $269 per square foot.
Bal Harbour Tower, Bal Harbour | $2.85M | $746 psf | 175 days on market | Agnieska Gray of RE/MAX Executive Realty
Oceania, Sunny Isles Beach | $700,000 | $447 psf | 98 days on market | Jessica Grasso of Oceania Brokerage
Most days on market
Hidden Bay, Aventura | 20 days on market | $1.065M | $500 psf | Denise Rubin of Berkshire Hathaway
Least days on market
The Grand, downtown Miami | 538 days on market | $1.8M | $448 psf | Sepehr Niakan of HB Roswell Realty