Miami condo sales volume in free fall last week of May

Top 10 sales ranged from $425K to $1.4M

Miami /
Jun.June 02, 2020 12:30 PM

Condos are trading for much lower prices in Miami-Dade County, as weekly sales volume continues to plummet due to the pandemic.

A total of 56 condos sold for $16.6 million last week. That’s compared to 51 units that sold for $18 million the previous week. Condos last week sold for an average price of about $296,000 or $250 per square foot.

The top sale was at Ocean One in Sunny Isles Beach. Unit 2905, a three-bedroom, 2,085-square-foot condo, sold for $1.4 million, or $671 per square foot. Linda Levy represented the buyer and seller. It was listed for 136 days.

The second most expensive sale of the week was on Belle Isle in the Venetian Islands. Nine Island Avenue unit 1507 sold for $1.35 million, or $759 per square foot. It was on the market for 26 days. Frank Cavallino represented the seller, and the buyer’s agent was Rey Figueroa.

Here’s a breakdown of the top 10 sales from May 24 to May 30. Click on the map for more information:

Most expensive
Ocean One Condo #2905 | 136 days on market | $1.4M | $671 psf | Listing agent: Linda Levy | Buyer’s agent: Linda Levy

Least expensive
Latitude on the River #801 | 235 days on market | $425K | $315 psf | Listing agent: Valka Rodriguez | Buyer’s agent: Valka Rodriguez

Most days on market
The Point #3202 | 408 days on market | $534K | $286 psf | Listing agent: Cristina Giral | Buyer’s agent: Sabina Potack

Fewest days on market
Nine Island Avenue #1507 | 26 days on market | $1.35M | $759 psf | Listing agent: Frank Cavallino | Buyer’s agent: Rey Figueroa


Related Articles

arrow_forward_ios
Southland Mall in Cutler Bay (Google Maps)
Lender takes control of struggling Southland Mall in Cutler Bay
Lender takes control of struggling Southland Mall in Cutler Bay
429 Center Island Drive and Vladimir Spector (Lifestyle Production Group, Linkedin)
Golden Beach mansion of late South Florida developer who died of Covid-19 trades for $8M
Golden Beach mansion of late South Florida developer who died of Covid-19 trades for $8M
86800 Overseas Highway, Islamorada (Google Maps, iStock)
Islamorada closes administrative building due to Covid-19
Islamorada closes administrative building due to Covid-19
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
From left: Tom Brady and Gisele Bündchen; Pharrell Williams; Sylvester Stallone and Jennifer Flavin; Jared Kushner and Ivanka Trump (Getty, iStock)
South Florida’s biggest real estate stories of 2020
South Florida’s biggest real estate stories of 2020
(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
arrow_forward_ios

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

Loading...