Weekly condo sales volume in Miami drops to $50M

Condo sales and closed dollar volume both fell last week in Miami-Dade County.

A total of 123 condos sold for $50.3 million last week, a significant decline compared to the 151 units that sold for $73.7 million the previous week. Condos last week sold for an average price of about $409,000 or $305 per square foot.

The most expensive sale was for unit 3603 at the Setai in Miami Beach. The unit sold for $4.1 million, or $2,582 per square foot. Jeffrey Miller represented the seller while Seth Feuer represented the buyer. It was on the market for 283 days.

The second most expensive sale of the week was for unit 2501 at Jade Signature. The Sunny Isles Beach condo sold for $3.3 million, or $1,115 per square foot, after 167 days on the market. Fred Rossen represented the seller, while Michelle Small represented the buyer.

Here’s a breakdown of the top 10 sales from Oct. 4. to Oct. 10.

Most expensive
Setai #3603 | 283 days on market | $4.1M | $2,582 psf | Listing agent: Jeffrey Miller | Buyer’s agent: Seth Feuer

Least expensive
Towerhouse Condo #2301 | 31 days on market | $860K | $300 psf | Listing agent: Ilaria Cunningham | Buyer’s agent: Ilaria Cunningham

Most days on market
Bayview #5355 | 301 days on market | $1.9M | $706 psf | Listing agent: Karla Abaunza | Buyer’s agent: Robert Vole

Fewest days on market
Biltmore Parc #304 | 1 day on market | $1.7M | $682 psf | Listing agent: Anniella Tabraue | Buyer’s agent: Eduardo Pruna