Residential
South Florida
Summer slowdown? Luxe signed contracts plummet in Miami-Dade
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Luxe resi contracts bounce back, led by pending sale of $16M Surfside spec home
Buyers signed 12 contracts for homes, condos priced at $4M and up
A photo illustration of Douglas Elliman’s Philip Freedman and Keller Williams agent Andrei Karpov along with the Perigon at 5333 Collins Avenue (left) and 919 92nd Street in Surfside (right) (Getty, Douglas Elliman, Google Maps, Binyan Studios)
A waterfront spec home in Surfside asking $15.5 million topped last week’s signed contracts report in Miami-Dade County.
The 7,000-square-foot, six-bedroom, six-bathroom house at 919 92nd Street is on the market with Keller Williams Eagle Realty’s Andrei Karpov. Property records show Alexander Kamyshnikov and Irina Gorbunova own the 0.25-acre property. It hit the market for $16.3 million in March, and the price was reduced three times before it entered into contract. The couple paid $2.5 million for the lot in 2015 and the house was completed this year. Kamyshnikov is a technical consultant at Quantum-Systems, a German technology company.
Buyers signed 12 contracts for residential properties priced at $4 million and up from June 17 to June 23, according to Eklund-Gomes’ luxe signed contracts report. The properties’ combined asking price is $85 million. Ten single-family homes and two condos went into contract.
The priciest condo to secure a buyer last week is unit 402 at the under-construction Perigon development in Miami Beach. Mast Capital and Starwood Capital Group are developing the oceanfront building. The 3,350-square-foot, three-bedroom, three-and-a-half-bathroom unit is on the market for $8.3 million. Douglas Elliman’s Philip Freedman, the project’s sales director, is representing the developers.
The single-family homes priced at $4 million and up that went into contract last week spent 91 days on the market on average before securing buyers.
The luxury condos that entered into contracts were on the market for an average of 338 days, and averaged about $1,743 per square foot.
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The previous week, buyers signed contracts for just seven luxury homes and condos in Miami-Dade County asking a combined $68.5 million.
Eklund-Gomes’ report, based on pending deals recorded on the Multiple Listing Service, is modeled after the Olshan report that tracks new deals in Manhattan. Activity picked up in New York last week, where buyers signed contracts for 30 homes, according to the latest Olshan report. Their combined asking price was $231 million, and the typical home spent 464 days on the market.