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

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

TRD 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


Related Articles

arrow_forward_ios
Phil Collins, Orianne Collins, and 5800 North Bay Road (Credit: Tim Chapman/Getty Images, and John Parra/Getty Images)

Phil Collins wants to sell his Miami Beach mansion for $40M, but his ex-wife won’t leave

Phil Collins wants to sell his Miami Beach mansion for $40M, but his ex-wife won’t leave
6493 Allison Road (Credit: Douglas Elliman)

One Thousand Museum developer sells Allison Island home

One Thousand Museum developer sells Allison Island home
Greg Mirmelli with 2120 Bay Avenue (Credit: John Parra/Getty Images)

Miami Beach investor sells waterfront home for $18M, following bidding war

Miami Beach investor sells waterfront home for $18M, following bidding war
Floyd Mayweather & 5501 Pine Tree Drive, Miami Beach (Credit: Google Maps and Jun Sato/Getty Images)

Taking it on the chin: Floyd Mayweather Jr. sells Miami Beach home at a loss

Taking it on the chin: Floyd Mayweather Jr. sells Miami Beach home at a loss
1500 West 21st Street and Todd Glaser (Glaser by Mary Beth Koeth, Todd Michael Glaser)

Todd Glaser buys waterfront Sunset Islands home with plans to list it for $10M

Todd Glaser buys waterfront Sunset Islands home with plans to list it for $10M
A rendering of the monorail

Miami-Dade approves interim contract for monorail to Miami Beach

Miami-Dade approves interim contract for monorail to Miami Beach
Lord Balfour Hotel

Mezz lender forecloses on Ocean Drive hotel in South Beach

Mezz lender forecloses on Ocean Drive hotel in South Beach
Oceanside Fisher Island and a map of condo sales (Credit: Google Maps)

Weekly condo sales volume in Miami drops below $40M

Weekly condo sales volume in Miami drops below $40M
arrow_forward_ios

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

Loading...