Condo sales fell drastically last week in Miami-Dade County.
In Miami-Dade, 109 units sold last week for $38 million, a significant drop from the previous week’s $70 million. The average prices were about $348,000 per unit and nearly $260 per square foot.
The priciest closing was the $6 million sale of former Formula 1 driver Enrique Bernoldi’s three-bedroom, 2,508-square-foot unit at the Continuum. Eddy Martinez and Roland Ortiz of Worldwide Properties co-listed unit 1006 in the south tower. It was on the market for more than six months before it sold for nearly $2,400 per square foot.
The second most expensive deal was at Jade at Brickell Bay. Unit 4107 traded hands for $1.85 million, or $869 per square foot, after nearly six months on the market. It was listed with Lucas Lechuga of Miami Condo Investments.
Closing prices in the top 10 deals ranged from $575,000 to $6 million.
Here’s a breakdown of the data for the week of Aug. 6 to Aug. 12. Click on the map for more information:
Continuum South Beach #1006, Miami Beach | 195 days on market | $6M | $2,392 psf | Listing agent: Roland Ortiz and Eddy Martinez of Worldwide Properties
Mystic Pointe #1805, Aventura | 126 days on market | $575k | $374 psf | Listing agent: Marianela Montenegro of EWM Realty International
Most days on market
Bella Mare #1803, Aventura | 568 days on market | $1.75M | $496 psf | Listing agent: Valeriy Krayter
Least days on market
The Floridian #1207, Miami Beach | 62 days on market | $830k | $570 psf | Listing agent: Peter Warner of Fortune International Realty