Miami condo sales volume in free fall last week of May

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

TRD 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
Hard Rock Cafe at Bayside Marketplace (Hard Rock)

Bayside Marketplace sues to evict Bubba Gump, Hard Rock Cafe and three other tenants

Bayside Marketplace sues to evict Bubba Gump, Hard Rock Cafe and three other tenants
Alex Rodriguez, Tom Murphy, Jorge Pérez, Gil Dezer, and Jackie Soffer (Credit: Michael Loccisano/Getty Images)

Money in the bank: Here are the South Florida real estate players who got PPP loans

Money in the bank: Here are the South Florida real estate players who got PPP loans
Miami-Dade County Mayor Carlos A. Gimenez (Credit: Jason Koerner/Getty Images)

Gym owners flex their muscles: Miami-Dade reverses decision to close facilities

Gym owners flex their muscles: Miami-Dade reverses decision to close facilities
Map of priciest condo sales and One Thousand Museum (Credit: Google Maps and Wikipeda)

Miami condo sales bounce back

Miami condo sales bounce back
Photo illustration of Mayor Carlos Gimenez (Getty, iStock)

Restaurants, gyms to close again in Miami-Dade

Restaurants, gyms to close again in Miami-Dade
Scott Sandelin, Ben Potts, Michelle Bernstein, Felix Bendersky and Aaron Butler (Beaker & Gray, Twitter, F&B, Linkedin)

Restaurants, bars in a “scary situation” as restrictions ramp up

Restaurants, bars in a “scary situation” as restrictions ramp up
Map of priciest condo sales and Oceanside Fisher Island (Credit: Google Maps and Redfin)

Miami condo sales flatten at the end of June

Miami condo sales flatten at the end of June
Photo illustration of Ron DeSantis (Getty, iStock)

DeSantis announces $250M rental, mortgage assistance fund

DeSantis announces $250M rental, mortgage assistance fund
arrow_forward_ios

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

Loading...