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


Related Articles

arrow_forward_ios
Palazzo Della Luna at 6800 Fisher Island Drive (Photo via Palazzo Della Luna)
Miami-Dade weekly condo sales, dollar volume up at year-end
Miami-Dade weekly condo sales, dollar volume up at year-end
(Google Maps, Fisher Island)
Miami-Dade condo sales, dollar volume fall during holiday week
Miami-Dade condo sales, dollar volume fall during holiday week
Map and Palazzo Della Luna, Miami Beach (Google Maps)
Condo sales, dollar volume rise last week in Miami-Dade
Condo sales, dollar volume rise last week in Miami-Dade
515 East Dilido Drive with Jonathan Cox (Douglas Elliman, Federated Cos.)
Federated Cos. developer buys waterfront Venetian Islands home
Federated Cos. developer buys waterfront Venetian Islands home
(Google Maps)
$35M closing at Faena House leads Miami’s weekly condo sales
$35M closing at Faena House leads Miami’s weekly condo sales
(Google Maps)
Condo sales rebound in Miami-Dade after Thanksgiving
Condo sales rebound in Miami-Dade after Thanksgiving
Pamela Applebaum and The Bristol
Daughter of drugstore mogul sells Bristol condo unit for $16M
Daughter of drugstore mogul sells Bristol condo unit for $16M
Don and Katrina Peebles with their Old Cutler Road home (Getty, The Jills Zeder Group/photography by 1 OAK Studios)
Developer Don Peebles relists Coral Gables estate for $15M
Developer Don Peebles relists Coral Gables estate for $15M
arrow_forward_ios

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

Loading...