Miami-Dade County’s condo market took a dip last week.
During the first week of October, 111 units sold for about $44 million, a drop from the previous week’s $83 million. Condos sold for an average price of about $400,000 and $264 per square foot.
Closing prices in the top 10 deals ranged from $700,000 to $7.5 million.
The most expensive unit to close was at Ocean House in Miami Beach. Unit 503 traded hands after about nine months on the market for nearly $2,200 per square foot. EWM Realty International’s Nancy Batchelor was the listing agent for the four-bedroom, 3,463-square-foot condo.
Farther north in Surfside, a unit at Solimar sold for $2.55 million, marking the second priciest condo sale of the week. After 16 months on the market, unit N10B closed for just under $1,000 per square foot. It was listed with Corinne Dodd of Cervera Real Estate.
Here’s a breakdown of the data from Oct. 1 to Oct. 7. Click on the map for more information:
Ocean House #U-0503, Miami Beach | 272 days on market | $7.5M | $2,166 psf | Listing agent: Nancy Batchelor of EWM Realty International
900 Biscayne #TH903, Miami | 424 days on market | $700k | $352 psf | Listing agent: Cyril Bijaoui of Westside Estate Agency
Most days on market
Yacht Club at Portofino #2210, Miami Beach | 632 days on market | $810k | $743 psf | Listing agent: Sildy Cervera of Cervera Real Estate
Least days on market
Carbonell #3305, Miami | 113 days on market | $825k | $1,505 psf | Listing agent: Juan Velasquez