There seems to be no relief in sight for Miami-Dade County’s sluggish condo market. Last week marked another seven days of drooping sales, with not a single condo trading above $2 million.
The week’s priciest deal was for a flow-through condo on the 42nd floor of Trump Tower II in Sunny Isles Beach. Unit 4204, which has three bedrooms and three bathrooms, sold for $1.9 million after spending 215 days on the market with Lana Bell of ONE Sotheby’s International Realty. With top-of-the-line appliances, a built-in espresso machine and modern style, the condo fetched $741 per square foot.
Second on the list was a condo in another of Sunny Isles Beach’s Trump-branded towers, this time at the Trump Royale. Boasting direct ocean views and designs from Steven G., unit 1604 at the tower traded for $1.1 million. The two-bedroom, two-bathroom condo had spent 152 days on the market with Denise Bracco of Decorus Realty before selling at $669 per square foot.
And the third-most expensive deal to close last week was for unit 2705 at Brickell Key’s Three Tequesta Point tower, which sold for $840,000. It features two bedrooms, two bathrooms, granite countertops, marble bathrooms and hardwood floors. Gerald Jorge of Brokers LLC closed the deal for $495 per square foot after 142 days.
Following those top three deals, the remaining seven of last week’s priciest deals ranged from $837,500 to $555,000.
Miami-Dade’s condo market has so far stagnated since the beginning of July. Sales hit 112 units and $33.19 million last week, barely budging from the 110 units and $36 million from the week before. Those figures are a long way off from the highs seen during June, which saw sales volumes as high as nearly $92 million for a single week. Average prices were $296,377 per unit and $243 per square foot.
Trump Tower II #4204, Sunny Isles Beach | $1.9M | $741 psf | 215 days on market | Lana Bell of ONE Sotheby’s International Realty
Grove Parc Villas #2D, Coconut Grove | $555,000 | $314 psf | 119 days on market | Terri Dominguez of Berkshire Hathaway HomeServices Florida Realty
Most days on market
The Palace #c1406, Brickell | 386 days on market | $825,000 | $406 psf | David Siddons of Esslinger Wooten Maxwell
Least days on market
Avignon in the Gables #6, Coral Gables | 98 days on market | $750,000 | $422 psf | Rebecca Riley of Florida Equities