UPDATED Feb. 23, 3:45 p.m.: Miami-Dade County saw a multimillion-dollar drop in condo sales last week, with most units selling after more than four months on the market. About half sold for more than $1 million.
The most expensive unit to close last week was at the Setai in Miami Beach. The three-bedroom unit on the 38th floor of the hotel and condo tower was recently renovated and includes access to amenities like the hotel’s spa, pool and beach services. Compass agent Lourdes Gutierrez had the listing. The unit was listed for 285 days, with an asking price of $10.9 million, before it sold for $8.5 million, or $3,372 per square foot. The buyer’s agent was Luciana Barreto of Cervera Real Estate.
The second priciest condo to sell in Miami last week was unit 7726 at Oceanside 4 on Fisher Island. The 2,760-square-foot unit was on the market for 653 days before it traded owners for $2 million. Denise Levine was the listing agent.
The county saw 113 condos sell last week for $38.75 million. That marks a drop in total sales volume from the previous week’s $54.5 million, but an increase in the number condos sold. Average prices were about $343,000 per unit and $284 per square foot.
Closing prices in the top 10 ranged from $8.5 million to $546,000.
Here’s a breakdown of the data for the week of Feb. 12 to Feb. 18. Click on the map for more information:
Most expensive
Setai #3809, Miami Beach | 285 days on market | $8.5M | $3,372 psf | Lourdes Gutierrez of Compass
Least expensive
North tower at the Pointe #1002, Aventura | 139 days on market | $546,000 | $292 psf | Daniel Blakeman of Chariff Realty Group
Most days on market
Carillon #206, Miami Beach | 677 days on market | $1.4M | $645 psf | Eileen Nexer of Douglas Elliman
Least days on market
Balmoral #8J, Bal Harbour | 56 days on market | $630,000 | $454 psf | Silvia Olivera of One Sotheby’s International Realty