Condo sales dropped during the first week of September, which was interrupted by Labor Day weekend and Hurricane Dorian.
A total of 69 condos sold for $27.5 million in Miami-Dade County last week, a plunge compared to $43 million in sales volume for 123 units the previous week. Condos last week sold for an average price of about $398,000 or $324 per square foot.
The most expensive sale was for a lower penthouse unit at Portofino Tower. Dora Puig represented the seller, while Rita Herrera represented the buyer. It was on the market for 105 days, and sold for more than $1,800 per square foot. It’s the highest sale at Portofino over the last three years and the second-highest in the building, according to the brokers involved.
A unit at Biltmore Parc traded hands for $1.6 million, marking the second priciest condo sale of the week. After about a month on the Multiple Listing Service, unit 201 sold for $720 per square foot. The listing agent was Anniella Tabraue, and Monica Paredes represented the buyer.
Here’s a breakdown of the top 10 sales from Sept. 1 to Sept. 7. Click on the map for more information:
Portofino Tower #LPH2 | 105 days on market | $8M | $1,860 psf | Listing agent: Dora Puig | Buyer’s agent: Rita Herrera
SLS Lux #2103 | 153 days on market | $500K | $594 psf | Listing agent: Daniela Gutierrez | Buyer’s agent: Victoria Cooney
Most days on market
Biscayne Beach #2206 | 692 days on market | $510K | $503 psf | Listing agent: Matias Alem | Buyer’s agent: William Colas
Fewest days on market
Biltmore Parc #201 | 32 days on market | $1.6M | $710 psf | Listing agent: Anniella Tabraue | Buyer’s agent: Monica Paredes