Miami condo sales surge before holidays

Miami /
Dec.December 27, 2019 11:30 AM

Buyers appear to have been rushing to close on their purchases of Miami condos before the holidays.

A total of 158 condos sold for $82.7 million last week, compared to 103 units that sold for a combined $41 million the previous week. Condos last week sold for an average price of about $524,000 or $369 per square foot.

A unit at Regalia sold for $6.15 million, or $1,115 per square foot. Unit 23 was on the market for 296 days before it traded. The listing agent was Jared Ringel, and the buyer’s agent was David Koster. Property records show Regalia 23 GSM LLC, led by Mauricio Frizzarin, sold the condo. Frizzarin is president of São Paulo-based Folhamatic Tecnologia em Sistemas, a software company.

The second most expensive condo closing last week was the $4 million sale of Portofino Tower unit 1401/2. After 205 days on the market, it sold for $913 per square foot. Alexander Ristl represented the buyer and seller.

Here’s a breakdown of the top 10 sales from Dec. 15 to Dec. 21. Click on the map for more information:

Most expensive
Regalia #23 | 296 days on market | $6.15M | $1,115 psf | Listing agent: Jared Ringel | Buyer’s agent: David Koster

Least expensive
The Decoplage Condo #PH6 | 53 days on market | $1.78M | $1,191 psf | Listing agent: David Pulley | Buyer’s agent: Mariana Conceicao

Most days on market
Bellini #102 | 340 days on market | $2.43M | $635 psf | Listing agent: Filiz Kayali | Buyer’s agent: Filiz Kayali

Fewest days on market
The Decoplage Condo #PH6 | 53 days on market | $1.78M | $1,191 psf | Listing agent: David Pulley | Buyer’s agent: Mariana Conceicao


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