Condo sales in Miami-Dade fell below $40 million last week, marking the lowest weekly sales volume in recent months.
The county saw 97 condos trade last week for $39 million, a drop from the previous week’s $59 million. The average prices were about $405,000 per unit and $280 per square foot.
A three-bedroom, 2,849-square-foot unit at Oceana Key Biscayne sold for $3.6 million during the holiday week. Carlos Mandiola of Coldwell Banker’s McCaughan & Mandiola Real Estate Group was the listing agent for unit 1006S, which traded hands for nearly $1,300 per square foot. It was on the market for 267 days before it closed.
The second most expensive sale was at the Marquis in downtown Miami. Penthouse 6301 sold for $3.5 million, or $913 per square foot, after only 44 days on the market. Daniel Romanach of One Sotheby’s International Realty represented the seller.
Closing prices in the top 10 deals ranged from $600,000 to nearly $3.6 million.
Here’s a breakdown of the data for the week of July 2 to July 8. Click on the map for more information:
Oceana Key Biscayne #1006S, Key Biscayne | 267 days on market | $3.6M | $1,262 psf | Listing agent: Carlos Mandiola of Coldwell Banker’s McCaughan & Mandiola Real Estate Group
The Courts #2501, Miami | 86 days on market | $600k | $469 psf | Listing agent: Gloria Ramirez
Most days on market
Harbour House #410, Bal Harbour | 273 days on market | $1.2M | $853 psf | Listing agent: Farouk Gongee of Keller Williams Realty
Least days on market
Marquis #PH6301, Miami | 44 days on market | $3.5M | $913 psf | Listing agent: Daniel Romanach of One Sotheby’s International Realty