Condo sales fell in the first week of July, during the short holiday week.
A total of 99 condos sold for $38.5 million in Miami-Dade County, down from from 165 closings for $63 million the previous week. Condos last week sold for an average price of about $389,000 or $297 per square foot.
The top deal was for a three-bedroom, 3,130-square-foot unit on the 50th floor of Porsche Design Tower in Sunny Isles Beach. Unit 5004 sold for $4 million, or nearly $1,300 per square foot. The listing agent was Gary Gold Waechter and the buyer’s agent was Elizabeth Margulis.
The second most expensive sale was the $1.3 million closing of Hidden Bay unit TS1805 in Aventura. The unit sold after 87 days on the market for $326 per square foot. The listing agent was Denise Rubin, while Nathalis Mcfarlane brought the buyer.
Here’s a breakdown of the top 10 sales from June 30 to July 6. Click on the map for more information:
Porsche Design Tower #5004 | 50 days on market | $4M | $1,278 psf | Listing agent: Gary Gold Waechter | Buyer’s agent: Elizabeth Margulis
La Perla #1102 | 367 days on market | $740K | $462 psf | Listing agent: Kelly Salinas | Buyer’s agent: Elham Tadrous
Most days on market
Grove Isle #B1702 | 473 days on market | $1.12M | $467 psf | Listing agent: Judy Zeder | Buyer’s agent: David Sporn
Fewest days on market
Reach Brickell City Centre #1404 | 30 days on market | $1.1M | $617 psf | Listing agent: Craig Studnicky