Weekly condo sales fall by 45% in Miami-Dade County

Top 10 sales ranged from $624K to $3.5M

Miami /
May.May 11, 2020 01:30 PM

Condo sales dropped by nearly half last week, though condo sales dollar volume remained steady.

A total of 47 condos in Miami-Dade County sold for $54 million last week. That’s compared to 85 units that sold for $55 million the previous week. Condos last week sold for an average price of about $571,000 or $370 per square foot.

The top deal was for unit 801 at Murano at Portofino in Miami Beach. The three-bedroom, 3,365-square-foot condo sold for $3.5 million, or $1,040 per square foot, after 301 days on the market. The listing agent was Gaynor Fairchild, and the buyer’s agent was Scott Betten.

Unit 907 at Continuum South in Miami Beach marked the second most expensive sale of the week. After 464 days on the market, it traded for $2.8 million, or nearly $1,500 per square foot. Sonia Toth represented the seller, and Christian Kawas brought the buyer.

Here’s a breakdown of the top 10 sales from April 3 to May 9. Click on the map for more information:

Most expensive
Murano at Portofino #801 | 301 days on market | $3.5M | $1,040 psf | Listing agent: Gaynor Fairchild | Buyer’s agent: Scott Betten

Least expensive
Ritz-Carlton Bal Harbour #314 | 185 days on market | $624K | $545 psf | Listing agent: Diane Lieberman | Buyer’s agent: Tara Panaccione

Most days on market
Continuum South #907 | 464 days on market | $2.8M | $1,497 psf | Listing agent: Sonia Toth | Buyer’s agent: Christian Kawas

Fewest days on market
Mei Condo #1601 | 1 day on market | $1.5M | $1,135 psf | Listing agent: Alina Chudnova | Buyer’s agent: Lisa Van Wagenen


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