Condo sales more than doubled in the first of May compared to the previous week.
A total of 209 condos sold for $80 million in Miami-Dade County, an increase from the previous week’s 98 closings for $43 million. Condos last week sold for an average price of about $385,000 or $312 per square foot.
Unit 502 at the Grand Bay Tower in Key Biscayne sold for $3.35 million, marking the week’s most expensive condo sale. The five-bedroom, 3,950-square-foot unit was on the market for 230 days before it traded hands for under $900 per square foot. David Siddons represented the seller and Carlos Mandiola brought the buyer.
The second priciest sale was the $2.35 million trade of Turnberry Ocean Colony unit 3403. After 94 days on market, it sold for $671 per square foot. Lana Bell brokered both sides of the deal.
Here’s a breakdown of the top 10 sales from April 28 to May 4. Click on the map for more information:
Grand Bay Tower #502 | 230 days on market | $3.35M | $848 psf | Listing agent: David Siddons | Buyer’s agent: Carlos Mandiola
Ocean Two #2504 | 139 days on market | $1.3M | $533 psf | Listing agent: Agnieska Gray | Buyer’s agent: Agnieska Gray
Most days on market
The Carriage House #PH2 | 437 days on market | $1.4M | $534 psf | Listing agent: Leon Weinschneider | Buyer’s agent: Ivan Evanoff
Fewest days on market
Ten Museum Park #4202 | 13 days on market | $1.3M | $335 psf | Listing agent: David Sheltraw | Buyer’s agent: Albert Justo