Miami-Dade condo sales and dollar volume rise in early March

Top 10 sales ranged from $3.6M to $15M

Miami /
Mar.March 09, 2021 09:45 AM

Miami-Dade County condo sales and dollar volume continued to rise in the first week of March.

A total of 257 condos sold last week for $201.6 million, up from 225 condos that sold for $140.5 million the previous week.

Units sold for an average price of about $784,000, up from $624,000 the prior week. Condos sold for $437 per square foot on average, an increase from $414 per square foot the previous week.

The most expensive sale was for unit T1 at 1500 Ocean Drive in Miami Beach. The unit sold for $14.9 million, or $1,774 per square foot, after 1,681 days on the market. Eloy Carmenate and Mick Duchon represented both the seller and buyer.

The second most expensive sale of the week was at Faena House in Miami Beach. Unit 14B sold for $12.1 million, or $2,893 per square foot, after 823 days on the market. Oren Alexander represented the seller, while Lourdes Gutierrez represented the buyer.

Here’s a breakdown of the top 10 sales from Feb. 28 to Mar. 6.

Most expensive

1500 Ocean Drive T1 | 1681 days on market | $14.9M | $1,774 psf | Listing agent: Eloy Carmenate and Mick Duchon | Buyer’s agent: Eloy Carmenate and Mick Duchon

Least expensive

1 Hotel & Homes 1220 | 172 days on market | $3.6M | $2,595 psf | Listing agent: Geane Brito | Buyer’s agent: Tracy Galya

Most days on market

1500 Ocean Drive T1 | 1681 days on market | $14.9M | $1,774 psf | Listing agents: Eloy Carmenate and Mick Duchon| Buyer’s agent: Eloy Carmenate and Mick Duchon

Fewest days on market

The Ritz-Carlton Residences, Miami Beach 520 | 100 days on market | $4.2M | $1,235 psf | Listing agent: Darin Tansey | Buyer’s agent: Anca Mirescu






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