Miami-Dade condo sales and closed dollar volume take a dive at start of year

Top 10 sales ranged from $800K to $8M

Miami /
Jan.January 12, 2021 08:45 AM

Condo sales and closed dollar volume took a dive in Miami-Dade County during the first week of the new year.

A total of 103 condos sold for $49.6 million last week, down from the 120 condos that sold the previous week for $116 million.

Units sold for an average price of roughly $480,000, less than half of the $966,000 average from a week earlier. The average price per square foot of $328 last week was down from the $417 per square foot the previous week.

The most expensive sale was for unit 1505 at Eighty Seven Park in Miami Beach. The unit sold for $8 million after 120 days on the Multiple Listing Service. Michael Duchon represented the seller, while Michael Martirena represented the buyer.

The second most expensive sale of the week was for unit S-709 at The Surf Club Four Seasons in Surfside. It sold for $7.55 million, or $2,914 per square feet, after 69 days on the market. Wendy Mendoza represented the seller, and Dustin Nero represented the buyer.

Here’s a breakdown of the top 10 sales from Jan. 3 to Jan 9.

Most expensive
Eighty Seven Park 1505 | 120 days on market | $8M | $2,312 psf | Listing agent: Michael Duchon | Buyer’s agent: Michael Martirena

Least expensive
Mimosa Condo 513 | 230 days on market | $800K | $353 psf | Listing agent: Abby Rubin | Buyer’s agent: Abby Rubin

Most days on market
Trump Towers I 3707 | 594 days on market | $1M | $489 psf | Listing agent: Marco Cunha | Buyer’s agent: Marco Cunha

Fewest days on market
Bel Aire Condominium 1602 | 39 days on market | $920K | $806 psf | Listing agent: Rose Reyes | Buyer’s agent: Rose Reyes






    Related Articles

    arrow_forward_ios
    DataDirect Networks President Paul Bloch, Oceanfirst Realty principal Eddy Chabli and renderings of the house Bloch plans to build (DDN, Kobi Karp Architecture)
    Tech mogul Paul Bloch buys waterfront Miami Beach lot, plans mansion
    Tech mogul Paul Bloch buys waterfront Miami Beach lot, plans mansion
    800 Lincoln Road building and Restaurateur Gregory Galy (Tricap, LinkedIn)
    Mila restaurant to add entertainment venue on Lincoln Road
    Mila restaurant to add entertainment venue on Lincoln Road
    David Grutman and Pharrell’s Goodtime Hotel had received nearly 30 noise violations (Carma Connected, Getty)
    Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
    Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
    Grupo Marquise’s Jose Carlos Pontes with the property (Compass, Facebook via Grupo Marquise)
    Grupo Marquise co-founder sells waterfront Miami Beach mansion for $27M
    Grupo Marquise co-founder sells waterfront Miami Beach mansion for $27M
    Corey Dickerson, Mike Piazza and Derek Jeter with the Miami baseball stadium (Getty)
    South Florida by the numbers: Play ball
    South Florida by the numbers: Play ball
    Gabriele Braha and Avihai Daniell with the properties (Red Group)
    Family office buys South Beach short-term rental portfolio for $14M
    Family office buys South Beach short-term rental portfolio for $14M
    The Florida State Board of architecture’s order to suspend William Friedman for six months
    Architect who designed the collapsed Surfside condo was previously suspended after toppling of other structures
    Architect who designed the collapsed Surfside condo was previously suspended after toppling of other structures
    Apollo Global Management’s Josh Harris and Softbank CEO Marcelo Claure with the property (Getty)
    SoftBank’s Marcelo Claure sells Miami Beach mansion to Apollo co-founder for $32M
    SoftBank’s Marcelo Claure sells Miami Beach mansion to Apollo co-founder for $32M
    arrow_forward_ios

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

    Loading...