Miami-Dade’s condo market saw a slight boost in total sales volume last week, with five units selling above the $1 million mark. While the number of units sold increased, per-square-foot prices fell.
The priciest unit to close last week was penthouse 5 at Kenilworth in Bal Harbour. The 2,353-square-foot condo was recently renovated, and features European cabinets, Wolf and Miele appliances, and custom doors and closets with leather finishes. Joseph Santoro of Re/Max had the listing for 250 days before it sold for $659 per square foot.
The second-most expensive unit to sell was at Jade Residences in Brickell. Jade unit 1503 traded for $1.1 million after being listed with Giulietta Ulloa of EWM International Realty. It was on the market for 237 days before it closed.
And third on the list took the longest to sell. Trump Tower III unit 1102 sold for $1.17 million after a whopping 532 days on the market. Richard Goihman of Douglas Elliman had the listing for the 1,974-square-foot unit, which sold for $593 per square foot.
The county saw 125 condos sell last week for $35.8 million. That marks an increase in total sales volume from the previous week’s $25.9 million and in the total number of units sold. Average prices were about $286,000 per unit and $254 per square foot.
Closing prices ranged from $1.55 million to $650,000.
Here’s a breakdown of the data for the week of Jan. 22 to Jan. 28. Click on the map for more information:
Kenilworth #PH5, Bal Harbour | 250 days on market | $1.55 million | $659 psf | Joseph Santoro of Re/Max
Nine45 #107, Miami Beach | 270 days on market | $650,000 | $517 psf | Claudia Rosenthal of Douglas Elliman
Most days on market
trump Tower III, Sunny Isles Beach | 532 days on market | $1.17 million | $593 psf | Richard Goihman of Douglas Elliman
Least days on market
Grand Venetian #1203, Miami Beach | 69 days on market | $1.055 million | $721 psf | Juliet Gold of Majestic Properties