Miami condo sales decline going into October

Miami /
Oct.October 05, 2020 12:30 PM

Both condo sales and closed dollar volume declined last week in Miami-Dade County.

A total of 151 condos sold for $73.7 million last week, a slight decrease compared to the 162 units that sold for $83.7 million the previous week. Condos last week sold for an average price of about $488,000 or $320 per square foot.

The most expensive sale was for unit 908 at Ocean Tower Two in Key Biscayne. The unit sold for $5.8 million, or just over $1,100 per square foot. Carlos Coto represented the seller while Douglas Kinsley represented the buyer. The unit was on the market for 157 days.

The second most expensive sale of the week was unit 3802 at Mansions at Acqualina. The Sunny Isles Beach condo sold for $5.2 million, or $1,117 per square foot, after only 11 days on the market. Yansy Checa represented the seller, while Jonathan Mann represented the buyer.

Here’s a breakdown of the top 10 sales from Sept. 27 to Oct. 3.

Most expensive
Ocean Tower Two #908 | 157 days on market | $5.8M | $1,105 psf | Listing agent: Carlos Coto | Buyer’s agent: Douglas Kinsley

Least expensive
Trump Palace Condo #1601 | 208 days on market | $1.3M | $607 psf | Listing agent: Leonora Viner | Buyer’s agent: Leonora Viner

Most days on market
Continuum South Tower #1005 | 2,009 days on market | $2.5M | $1,311 psf | Listing agent: Monica Harvey | Buyer’s agent: Daniel Hechtkopf

Fewest days on market
Mansions at Acqualina #3802 | 11 days on market | $5.2M | $1,117 psf | Listing agent: Yansy Checa | Buyer’s agent: Jonathan Mann






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