Condo sales in Miami surged last week.
A total of 159 condos sold for $78 million in Miami-Dade County last week, which is up substantially from the 125 units that sold for a combined $49 million the previous week. Condos last week sold for an average price of about $492,000 or $330 per square foot.
The top sale of the week was at Glass in Miami Beach. Unit 1500 sold for $7.5 million, or over $2,200 per square foot, after about two weeks on the MLS. Anna Sherrill represented the seller, while Jacques Bouhadana brought the buyer.
The second most expensive closing was for a rare trade at Faena House. D South Beach LLC sold unit 5C for nearly $4.6 million, or $2,044 per foot. The seller is tied to the Deighton family of London. Paul Deighton is a British politician and former investment banker. The family’s Faena House unit previously traded for $5.75 million, which means it just sold for 20 percent less. Bill Hernandez and Bryan Sereny represented the buyer and seller.
Here’s a breakdown of the top 10 sales from Sept. 29 to Oct. 5. Click on the map for more information:
Glass #1500 | 14 days on market | $7.5M | $2,213 psf | Listing agent: Anna Sherrill | Buyer’s agent: Jacques Bouhadana
Lake Villa Two Condo #204 | 52 days on market | $1.6M | $573 psf | Listing agent: Ingo Viehweg | Buyer’s agent: Ingo Viehweg
Most days on market
The Ocean Club #604 | 232 days on market | $1.68M | $674 psf | Listing agent: Douglas Kinsley | Buyer’s agent: Ana Salib
Fewest days on market
Fendi Chateau #303 | 1 day on market | $4.5M | $1,353 psf | Listing agent: Diego Arnaud | Buyer’s agent: Diego Arnaud