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Miami Condo Sales Steady As Covid Cases Surge

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Miami condo sales remained steady as South Florida continues to be the new epicenter of Covid-19.

A total of 100 condos sold for $41.5 million in Miami-Dade County last week. That’s compared to 95 units that sold for $37 million the previous week. Condos last week sold for an average price of about $415,000 or $332 per square foot.

At the top was the $5.2 million sale of Oceana Bal Harbour unit 1402S. The south tower condo sold for nearly $1,500 per square foot after 594 days on the market. Nivia Fernandez represented the buyer and seller.

The second most expensive sale of the week was at Setai Resort and Residences in Miami Beach. Unit 3703 traded for $4 million, or $2,519 per square foot. It was listed for 276 days. Lourdes Gutierrez was the listing agent, and the buyer’s agent was Ryan Mendell.

Here’s a breakdown of the top 10 sales from July 12 to July 18:

Most expensive
Oceana Bal Harbour #1402S | 594 days on market | $5.2M | $1,448 psf | Listing agent: Nivia Fernandez | Buyer’s agent: Nivia Fernandez

Least expensive
Brickell Townhouse Condo #8D | 88 days on market | $680K | $399 psf | Listing agent: Cristina Lopez | Buyer’s agent: Mariana Garber

Most days on market
Oceana Bal Harbour #1402S | 594 days on market | $5.2M | $1,448 psf | Listing agent: Nivia Fernandez | Buyer’s agent: Nivia Fernandez

Fewest days on market
Coconut Grove Bayshore #11A | 11 days on market | $1.3M | $715 psf | Listing agent: Christine Stiphany | Buyer’s agent: Jane Barrellier

 

 

Source:  The Real Deal

 

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