Condo sales in Miami-Dade took a nose dive last week, dropping by nearly half.
Condo sales totaled 103 closings for a combined $28.7 million, about $25.3 million less than the previous week and nine units fewer. Condos last week sold for an average price of about $279,000 or about $253 per square foot.
The priciest deal was at the Bristol Tower in Brickell. Unit 2301 sold for $2.13 million, or nearly $700 per foot. MariaCecilia Hinojosa had the listing for more than a year. Hirokazu Sumida represented the buyer of the three-bedroom, 3,065-square-foot unit.
The second most expensive condo sale was the $1.21 million trade of unit 902 at Murano Grande in Miami Beach. The unit sold for about $650 per square foot after 245 days on the market. Mark Zilbert represented the seller, and Kent Campbell brought the buyer.
Here’s a breakdown of the top 10 sales from Aug. 19 to Aug. 25. Click on the map for more information:
Bristol Tower #2301, Miami | 280 days on market | $2.13M | $693 psf | Listing agent: MariaCecilia Hinojosa | Buyer’s agent: Hirokazu Sumida
Marquis #2708, Miami | 70 days on market | $590k | $358 psf | Listing agent: Aramed Chavarria | Buyer’s agent: Aramed Chavarria
Most days on market
Key Colony IV – Botanica #108, Key Biscayne | 562 days on market | $800k | $384 psf | Listing agent: Pablo Fadul | Buyer’s agent: Carlos Chavarro
Fewest days on market
Ten Museum Park #4406, Miami | 41 days on market | $750k | $293 psf | Listing agent: Darin Feldman | Buyer’s agent: Darin Feldman