Miami-Dade County Weekly Condo Report

Miami-Dade County’s condo sales and total dollar volume slid during the Labor Day holiday week.

Brokers closed 90 condo sales totaling $53.3 million from Sept. 1st to Sept. 8th. The previous week, brokers closed 154 condo sales totaling $107 million.

Last week’s units sold for an average of $592,142, lower than the $693,754 average price from the previous week. The average price per square foot fell to $475 from $480, according to data from Redfin for on-market sales.

For the top 10 sales, prices ranged from $950,000 to $4.75 million.

Unit 3503 at Porsche Design Tower, at 18555 Collins Avenue in Sunny Isles Beach, took the top spot with a $4.75 million closing, which breaks down to $1,255 per square foot. Ronit Perez with Suma Luxury Realty had the listing, and Jennifer Thomson with Coldwell Banker Realty represented the buyer.

Unit 303 at Ritz-Carlton Residences, Miami Beach, at 4701 North Meridian Avenue in Miami Beach, closed for the second highest amount, $4.3 million, or $1,655 per square foot. Ronit Perez with Suma Luxury Realty had the listing, and Jelena Khurana with Corcoran represented the buyer.

Last week also saw an off-market sale close for a princely sum. French DJ David Guetta sold his Setai condo in Miami Beach for $16 million. Michael Wisenfeld with Corcoran represented Guetta. Eloy Carmenate, Mick Duchon and Joshua Winarick represented the buyer. The sale broke down to a whopping $6,337 per square foot.

Leaflet map created by Adam Farence | Data by © OpenStreetMap, under ODbl.

Here’s a breakdown of the top 10 on-market sales from Sept. 1st to Sept. 8th:

Most Expensive

Porsche Design Tower, 18555 Collins Avenue, unit 3503, in Sunny Isles Beach | Price: $4,750,000 | $1,255 psf | Listing agent: Ronit Perez with Suma Luxury Realty | Buyer’s agent: Jennifer Thomson with Coldwell Banker Realty

Least Expensive

Nine Island Avenue, 9 Island Avenue, unit 1402, in Miami Beach | Price: $950,000 | $823 psf | Listing agents: Daniel Falcon and Bernardo Gonsalves with Gary Hennes Realtors | Buyer’s agent: Kathryn Potter with Coldwell Banker Realty

Highest Price Per Square Foot

Ritz-Carlton Residences, 4701 North Meridian Avenue, unit 303, in Miami Beach | Price: $4,290,000 | $1,655 psf | Listing agent: Ronit Perez with Suma Luxury Realty | Buyer’s agent: Jelena Khurana with Corcoran

Lowest Price Per Square Foot

The New French Village, 610 Valencia Avenue, unit 301, in Coral Gables | Price: $1,150,000 | $584 psf | Listing agents: Carole Smith and Cristina Formosa with Compass Florida | Buyer’s agent: Maggie Roche with Pawfriendly Homes