In Broward County, condo sales dollar volume drops to $320M in May

Broward County’s condo sales have retreated somewhat in the last month, with a closing at L’Hermitage leading the way.

May condo sales totaled $320 million, falling from $338 million in April. Brokers closed 954 sales last month, down from 979 sales in April and 841 in March, Multiple Listing Service data from Redfin show.

May sale prices ranged from $51,000 to $3.1 million, with a median sale price of $240,000. The price per square foot ranged from $72 to $1,277, with a median of $239 per square foot.

In April, sales closed with a median price of $248,000, and $242 per square foot.

A $3.1 million closing at L’Hermitage took the title of priciest sale last month. 3100 North Ocean Boulevard, unit PH2704 in Fort Lauderdale sold for $784 per square foot after 47 days on the market. Matthew Bertanzetti with Florida Luxurious Properties had the listing, and Victor Attias with Galt Ocean Realty represented the buyer.

The sale price was less than April’s priciest sale. Unit S2201 at Auberge Beach Residences sold for $10.1 million. 

In contrast, May’s cheapest sale was a condo at Cypress Tree in Lauderhill. Unit 109 at 2501 Northwest 41st Avenue sold for $51,000 — or $72 per square foot — after 57 days on the market. Scott Fader with Joseph Walter Realty had the listing. Chris Mejia with eXp Realty represented the buyer.

Here’s a breakdown of May’s notable condo sales:

Most Expensive

L’Hermitage, 3100 North Ocean Boulevard, unit PH2704 in Fort Lauderdale | Price $3,100,000 | $784 psf | Year built: 1998 | Listing agent: Matthew Bertanzetti with Florida Luxurious Properties had the listing | Buyer’s agent: Victor Attias with Galt Ocean Realty

Least Expensive

Cypress Tree Condo Bldg 6, 2501 Northwest 41st Avenue, unit 109 in Lauderhill | Price $51,000 | $72 psf | Year built: 1979 | Listing agent: Scott Fader with Joseph Walter Realty | Buyer’s agent: Chris Mejia with eXp Realty

Highest Price Per Square Foot

Sabbia Beach, 730 North Ocean Boulevard, unit 703 in Pompano Beach | Price $2,400,000 | $1,277 psf | Year built: 2019 | Listing agent: Chad Bishop and Michael Clouston with One Sotheby’s International Realty

Lowest Price Per Square Foot

Cypress Tree Condo Bldg 6, 2501 Northwest 41st Avenue, unit 109 in Lauderhill | Price $51,000 | $72 psf | Year built: 1979 | Listing agent: Scott Fader with Joseph Walter Realty | Buyer’s agent: Chris Mejia with eXp Realty

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Newest

Solemar Beachfront Condo, 1116 North Ocean Boulevard, unit 805 in Pompano Beach | Price $2,250,000 | $1,107 psf | Year built: 2023 | Listing agent: Maria Montalbano with One Southey’s International Realty | Buyer’s agent: Andrea Bustle with Million and Up Realty

Oldest

Alhambra Palace, 322 Monroe Street, unit 203A in Hollywood | Price $309,000 | $522 psf | Year built: 1926 | Listing agent: Cliff Glansen with FlatFee.com | Buyer’s agent: Nicole Hanna with LoKation