Miami-Dade condo sales volume plummets

Closed condo sales volume took a nosedive last week in Miami-Dade County, the largest hit yet during the pandemic.

A total of 53 condos sold for $20.5 million last week. That’s compared to 61 units that sold for $41.5 million the previous week. Condos last week sold for an average price of about $387,000 or $320 per square foot.

The priciest sale was at Sunset Harbour South in Miami Beach. Unit 1812 sold for about $2 million, or $1,079 per square foot, after only 16 days on the market. Hector Vazquez represented the seller, while Karim Sabet brought the buyer.

The second most expensive closing was at South Pointe Towers. Unit 2110 sold for $1.6 million after 44 days on the market. Michael Feuling represented the seller, and Elissa Lithman represented the buyer. The Miami Beach condo sold for $1,033 per square foot.

Here’s a breakdown of the top 10 sales from April 12 to April 18. Click on the map for more information:

Most expensive
Sunset Harbour South #1812 | 16 days on market | $2.05M | $1,079 psf | Listing agent: Hector Vazquez | Buyer’s agent: Karim Sabet

Least expensive
Quantum #3401 | 34 days on market | $520K | $376 psf | Listing agent: Anne Berkowitz | Buyer’s agent: Paula Fera

Most days on market
Icon Brickell Tower 1 #4201 | 702 days on market | $1.15M | $563 psf | Listing agent: Zeida Andreu | Buyer’s agent: Lis Wilthew

Fewest days on market
Sunset Harbour South #1812 | 16 days on market | $2.05M | $1,079 psf | Listing agent: Hector Vazquez | Buyer’s agent: Karim Sabet

The post Miami-Dade condo sales volume plummets appeared first on The Real Deal Miami.

from The Real Deal Miami & Miami Florida Real Estate & Housing News | & Curbed Miami - All https://therealdeal.com/miami/2020/04/20/miami-dade-condo-sales-volume-plummets/
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