Election bump? Luxury Resi Contracts Rise in Miami-Dade

Ann Barish, a socialite who is married to Planet Hollywood co-founder and film producer Keith Barish, secured a buyer for her waterfront Miami Beach home.

Barish, whose full name is Edith Ann Barish, owns the nearly half-acre property at 4810 North Bay Road via a trust, property records show. The two-story, six-bedroom Mediterranean-style house is on the market with Jill Eber of The Jills Zeder Group at Coldwell Banker, asking $22.5 million. It topped last week’s luxury signed contracts report.

The pending sale is one of 14 contracts marked in the Multiple Listing Service between Nov. 4 and Nov. 10, according to the Eklund-Gomes report, which tracks listings of properties asking $4 million and up in Miami-Dade. It’s authored by the Douglas Elliman mega team led by Fredrik Eklund and John Gomes.

The majority of the contracts signed last week were inked following the election, which could suggest that more deal activity is to come.

The asking dollar volume for the 10 single-family homes and four condos totals $114 million, according to the report. The sales activity marks a slight increase compared to recent weeks.

The single-family homes that entered into contract last week had an average asking price of about $8.1 million and spent an average of 124 days on the market. They totaled $81.3 million in asking dollar volume.

The condos had a combined asking price of $33.2 million and spent an average of about 86 days on the market. They averaged more than $2,500 per square foot.

The most expensive condo to go under contract was a unit at Palazzo Del Sol on Fisher Island. Records show Stanley and Margaret Smith paid about $9 million for the nearly 5,000-square-foot, four-bedroom condo in 2016 when the building was completed. It’s on the market now with Douglas Elliman agent Dina Goldentayer for $15.5 million.

The previous week, buyers signed contracts for 11 properties in Miami-Dade County, asking a combined $98 million.

Last week in New York, buyers signed contracts for 39 homes, according to the latest Olshan report. Their combined asking price was $260.9 million, and the typical home spent 625 days on the market. Eklund-Gomes’ reports are modeled after Donna Olshan’s report that tracks new deals in Manhattan.