Miami condo sales trickle in before year’s end

Top 10 sales ranged from $701K to $2.1M

TRD MIAMI /
Dec.December 31, 2019 09:45 AM

Miami condo sales, which surged ahead of the holidays, dropped dramatically in the last full week on 2019.

A total of 88 condos sold for $33 million last week, compared to 158 units that sold for a combined $83 million the previous week. Condos last week sold for an average price of about $375,000 or $301 per square foot.

Zar Apparel Group principals Mansour Zar and Bobby Zar sold the most expensive condo last week. Property records show a company owned by the father and son sold unit 2914/2916 at the Fontainebleau II/Tresor building in Miami Beach for $2.1 million, or $1,349 per square foot. Michele Redlich represented the sellers, and a non-Multiple Listing Service member represented the buyer. It was on the market for just 32 days.

The second most expensive condo sale was the $2 million trade of Setai unit 2401, also in Miami Beach. Ryan Mendell represented the buyer and seller. The condo was on the market for 105 days, and sold for just under $1,700 per square foot.

Here’s a breakdown of the top 10 sales from Dec. 22 to Dec. 28. Click on the map for more information:

Most expensive
Fontainebleau II/Tresor #2914/2916 | 32 days on market | $2.1M | $1,349 psf | Listing agent: Michele Redlich

Least expensive
St. Tropez #TH-401 | 185 days on market | $701K | $332 psf | Listing agent: Rogerio Silva | Buyer’s agent: Alexander Kronfeld

Most days on market
Williams Island 7000 #707 | 458 days on market | $838K | $292 psf | Listing agent: Claudia Urrego | Buyer’s agent: Aaron Gurland

Fewest days on market
Fontainebleau II/Tresor #2914/2916 | 32 days on market | $2.1M | $1,349 psf | Listing agent: Michele Redlich


Related Articles

arrow_forward_ios
Map of priciest condo sales and Oceanside Fisher Island (Credit: Google Maps and Redfin)

Miami condo sales flatten at the end of June

Miami condo sales flatten at the end of June
Map of priciest condo sales and Bayview Fisher Island unit 5342 (Google Maps, Compass. JJW Construction)

Miami condo sales dollar volume continues to drop

Miami condo sales dollar volume continues to drop
Map of priciest condo sales and Palazzo Della Luna (Google Maps)

More Miami condos sold last week, but dollar volume fell

More Miami condos sold last week, but dollar volume fell
Map of priciest condo sales and Palazzo Del Sol

Condo sales volume surges in first week of June

Condo sales volume surges in first week of June
Map of priciest condo sales and 19333 Collins Ave (Credit: Google Maps)

Miami condo sales volume in free fall last week of May

Miami condo sales volume in free fall last week of May
Todd Leebow and Glass in South Beach (Credit: AMM, Seaside Properties Group)

Ohio steel family sells South Beach condo for 48% off ask

Ohio steel family sells South Beach condo for 48% off ask
Mark Zilbert

Let’s make a deal? Some resi sellers in Miami-Dade slash asking prices

Let’s make a deal? Some resi sellers in Miami-Dade slash asking prices
Map of priciest condo sales and Icon South Beach (Credit: Google Maps and Gzzz via Wikipedia)

Miami condo sales volume nosedives in mid-May

Miami condo sales volume nosedives in mid-May
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...