UPDATED, Feb. 27, 12:15 p.m.: The condo market held steady for the second week in a row in Miami-Dade.
Seventy-eight units sold for about $37.8 million last week, down from previous week’s 100-plus closings for $39 million. Condos last week sold for an average price of about $483,000 or $355 per square foot.
The most expensive sale was the $3.5 million trade of a penthouse at 1 Hotel & Homes. Unit 1704 sold for more than $2,000 per foot after more than a year on the market. Tracy Galya and Christina Hardin represented the seller.
A second unit at 1 Hotel & Homes sold for nearly $3.5 million, marking the second priciest condo sale of the week. After 389 days, unit 1415 sold for about $1,500 per foot. Galya and Zaida Navarrete Dudash represented the seller.
Here’s a breakdown of the top 10 sales from Feb. 17 to Feb. 23. Click on the map for more information:
1 Hotel & Homes #PH-1704 | 382 days on market | $3.5M | $2,005 psf | Listing agents: Tracy Galya and Christina Hardin
Villa Marina #2901 | 265 days on market | $900K | $377 psf | Listing agent: Justin Rubin | Buyer’s agent: Jeff Morr
Most days on market
1 Hotel & Homes #1415 | 389 days on market | $3.5M | $1,526 psf | Listing agents: Tracy Galya and Zaida Navarrete Dudash
Fewest days on market
Solimar #N7-E | 14 days on market | $1.4M | $618 psf | Listing agent: Rod Undelson | Buyer’s agent: Rod Undelson