Miami condo sales tank in early February

Top 10 sales ranged from $730K to $2.5M

Miami /
Feb.February 11, 2020 08:45 AM

After rising just before Super Bowl LIV, condo sales once again fumbled in Miami-Dade County.

A total of 79 condos sold for $29 million last week, compared to 135 units that sold for $56 million the previous week. Condos last week sold for an average price of about $370,000 or $317 per square foot.

The top deal was the $2.5 million sale of unit 1501 at the Continuum South in Miami Beach. The two-bedroom, 1,591-square-foot condo sold for nearly $1,600 per square foot after 240 days on the market. Sheila Rojas represented the seller, and Ben Moss brought the buyer.

Next, unit 907 at Oceanfront Plaza Condo traded for $1.5 million, or $630 per square foot. It was listed for 99 days before selling. Ida Schwartz was the listing agent and Jean-Louis Delbeke brought the buyer.

Here’s a breakdown of the top 10 sales from Feb. 2 to Feb. 8. Click on the map for more information:

Most expensive
Continuum South #1501 | 240 days on market | $2.5M | $1,568 psf | Listing agent: Sheila Rojas | Buyer’s agent: Ben Moss

Least expensive
Brickell Bay Club #2701 | 139 days on market | $730K | $500 psf | Listing agent: Carmen B Llano White | Buyer’s agent: Zeida Andreu

Most days on market
Pinnacle #2006 | 738 days on market | $750K | $428 psf | Listing agent: Alvaro Minor | Buyer’s agent: Alvaro Minor

Fewest days on market
Nine Island Condo #1705 | 5 days on market | $825K | $573 psf | Listing agent: William Hahne | Buyer’s agent: William Hahne


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