The second week of 2018 wasn’t much better than the first for the Miami-Dade condominium market.
Nearly 90 units sold for a total of $35 million last week, up slightly from the previous week’s $34 million sales volume on 55 units. Condos last week sold for an average price of about $392,000, or nearly $280 per square foot.
The priciest sale was at Fendi Chateau Residences in Surfside. Unit 706 sold for nearly $8 million after 441 days on the market. The luxury condo was listed with Matias Alem, and Mark Block represented the buyer. The three-bedroom, 4,660-square-foot condo traded hands for about $1,710 per square foot.
The second most expensive deal was at the recently completed Biltmore Parc development in Coral Gables. Unit 502 traded hands for $1.41 million after nearly a year on the market. Daniel Guerra represented both sides.
Closing prices in the top 10 deals ranged from $745,000 to $8 million.
Here’s a breakdown of the data from Jan. 7 to Jan. 13. Click on the map for more information:
Fendi Chateau #706, Surfside | 441 days on market | $8M | $1,710 psf | Listing agent: Matias Alem | Buyer’s agent: Mark Block
Marquis #6005, Miami | 70 days on market | $745k | $452 psf | Listing agent: Priscilla Rivas | Buyer’s agent: Olivier Brion
Most days on market
Fendi Chateau #706, Surfside | 441 days on market | $8M | $1,241 psf | Listing agent: Matias Alem | Buyer’s agent: Mark Block
Fewest days on market
Isabella #3034, Coral Gables | 7 days on market | $750k | $319 psf | Listing agent: Jill Penman | Buyer’s agent: Jill Penman