South Florida’s condo market is showing signs of a summer slump.
Top condo sales for June totaled $219.1 million, $65 million less than May’s total of $284.1 million and lower than April’s total of $250.4 million.
MLS data from condo.com show June sale prices for the top 45 condos ranged from $1.5 million to $19.2 million, above May’s top sale of a $15.5 million Faena House condo in Miami Beach. That’s just about the only increase.
June’s top sale was a $19.2 million closing at Eighty Seven Park in Miami Beach. David Siddons represented the seller and Debra and Eyal Golan the buyer. All three agents are with Douglas Elliman.
A $14.4 million closing at Porsche Design Tower clinched the second spot. Nelson Gonzalez with Berkshire Hathaway HomeServices EWM Realty had the listing, and Melissa Barragan with Dezer Platinum Realty represented the buyer.
June’s top 45 sales averaged $4.8 million, below May’s average of $6.3 million and April’s average of $6.1 million — and a far cry from March’s average of $7.1 million.
The average price per square foot came to $1,684 and ranged from $558 per square foot to $6,605 per square foot. This is also lower than the averages for the previous three months (May: $1,907 per square foot, April: $1,931 per square foot, March: $1,912 per square foot).
Here’s a breakdown of the top 45 sales for June:
Most expensive
Eighty Seven Park, 8701 Collins Avenue, unit 1102/1106 | 165 days on the market | $19.2M | $3,541 psf | Listing agent: David Siddons with Douglas Elliman | Buyer’s agents: Debra and Eyal Golan with Douglas Elliman
Least expensive
Biscayne Beach, 2900 Northeast Seventh Avenue, unit 507 | 61 days on the market | $1.5M | $935 psf | Listing agent: David Concheso with Related ISG Realty | Buyer’s agent: Sumita Sengupta with Douglas Elliman
Most days on market
Jade Signature, 16901 Collins Avenue, unit 5303 | 1,566 days on the market | $10.4M | $1,649 psf | Listing agent: Rita Collins with Fortune International Realty | Buyer’s agent: Fernando Alves with Charles Rutenberg Realty
Fewest days on market
Bella Mare, 6000 Island Boulevard, unit 2603 | 1 day on the market | $2.9M | $822 psf | Listing agent: Richard Goihman with Douglas Elliman | Buyer’s agent: Ronit Perez with Suma Luxury
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Residential
South Florida
Eighty Seven Park closing tops Miami-Dade’s weekly condo sales
Residential
South Florida
Jade Signature closing tops Miami-Dade’s weekly condo sales
Residential
South Florida
Porsche Design Tower closing tops Miami-Dade’s weekly condo sales