As quickly as condo sales rose, they fell. Miami-Dade recorded a big drop in condo sales volume last week.
Only 106 units sold for a total of $37 million, a dramatic decline from the previous week’s $146 million sales volume for 193 units. Condos last week sold for an average price of about $350,000 or $275 per square foot.
The most expensive sale was at Apogee in Miami Beach. Unit 1203 traded hands for $7 million after about three months on the market. The three-bedroom, 3,100-square-foot condo was listed with Nelson Gonzalez. Eloy Carmenate brought the buyer.
The second priciest condo closing was farther north in Aventura. Hidden Bay unit 2508 sold for $1.05 million. It was listed with Shemer Goldberg for 392 days before it sold. Pascal Lasry represented the buyer.
Closing prices in the top 10 deals ranged from about $550,000 to $7 million.
Here’s a breakdown of the top 10 sales from March 4 to March 10. Click on the map for more information:
Apogee #1203, Miami Beach | 95 days on market | $7M | $2,256 psf | Listing agent: Nelson Gonzalez | Buyer’s agent: Eloy Carmenate
L’Excellence #1903, Miami Beach | 44 days on market | $550k | $404 psf | Listing agent: Mickael Lancri | Buyer’s agent: Mickael Lancri
Most days on market
Jade Brickell #1208, Miami | 776 days on market | $762k | $391 psf | Listing agent: Diego Arnaud | Buyer’s agent: Michael Schnabel
Fewest days on market
Continuum North #CAB2, Miami Beach | 0 days on market | $900k | $464 psf | Listing agent: Julian Johnston | Buyer’s agent: Julian Johnston