Condo sales dropped off at the end of February, with the top sale reaching only $2 million in Miami-Dade.
Only 100 units traded for about $32 million, down from the previous week’s 183 closings for $79 million. Condos last week sold for an average price of about $323,000 or $290 per square foot.
The most expensive sale was at Marquis Residences in downtown Miami. The combined unit, with four bedrooms and 2,975 square feet of interior space, was on the market for 175 days before it closed for $2 million, or $672 per foot. Darin Feldman represented the seller and Jason Samuels brought the buyer.
Next was the $1.3 million trade of Trump Tower II #4004, which sat on the market for 326 days before it sold. Lana Bell was the listing agent, and Dina Goldentayer represented the buyer. The 2,558-square-foot unit sold for just under $560 per square foot.
Here’s a breakdown of the top 10 sales from March 3 to March 9. Click on the map for more information:
Marquis Residences #5604 | 175 days on market | $2M | $672 psf | Listing agent: Darin Feldman | Buyer’s agent: Jason Samuels
Marquis Residences #4905 | 45 days on market | $645K | $385 psf | Listing agent: John Sandberg | Buyer’s agent: Neil Perez
Most days on market
Trump Tower II #4004 | 326 days on market | $1.3M | $559 psf | Listing agent: Lana Bell | Buyer’s agent: Dina Goldentayer
Fewest days on market
MEI #1805 | 14 days on market | $815K | $743 psf | Listing agent: Jim Agard | Buyer’s agent: Alex Miranda