Miami’s weekly condo sales drop in mid-August

Top 10 sales ranged from $3M to $8.5M

A unit at Monad Terrace was the top sale last week
A unit at Monad Terrace was the top sale last week

Condo sales fell last week in Miami-Dade County.

Total condo sales amounted to about $131 million, down from $162 million the week before. Sales volume fell to 208 units from 237 units the previous week.

Condos sold for an average price of about $632,000, down from $683,000.

The top sale was for a unit at Michael Stern’s Monad Terrace development in Miami Beach.  Penthouse E sold for $8.5 million, or nearly $1,500 per square foot, after just one day on the Multiple Listing Service, according to Condo.com. Oren Alexander represented the buyer. Ann Nortmann represented the developer.

The second top sale was for unit 1601 at Oceana Bal Harbour, which traded for $8 million, or nearly $4,000 per square foot. Alexander also represented the buyer.

Here’s a breakdown of the top 10 sales from Aug. 8 to Aug. 14.

Most expensive

Monad Terrace PHE | 1 day on market | $8.5M | Listing agent: Ann Nortmann | Buyer’s agent: Oren Alexander

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Least expensive

Miami Beach Edition unit 1203 | 7 days on market | $3M | $1,493 psf | Listing agent: Oren Alexander | Buyer’s agent: Gary Hennes

Most days on market

Jade Signature unit 1201 | 606 days on market | $3.5M | $4,279 psf | Listing agent: Micaela Wilder Buyer’s agent: Marcelo Violland

Fewest days on market

Monad Terrace PHE | 1 day on market | $8.5M | Listing agent: Ann Nortmann | Buyer’s agent: Oren Alexander

Oceana Bal Harbour unit 1601 | 1 day on market | $8M | $3,992 psf | Buyer’s agent: Oren Alexander

Grovenor House unit 2601 | 1 day on market | $4.8M | $4,026 psf | Buyer’s agent: Carole Smith