In mid-February, Miami-Dade condo sales declined. 113 condos were sold last week for $97.8 million. This is a dip in comparison to 139 condos that were sold the previous week for $134 million. The average price for a unit also declined. On average, condos were sold for $866,000 which is $414 per square foot. The previous week, the average was $965,000, averaging $436 per square foot. Here’s a breakdown of the top condo sales from February 14 to February 20:
The most expensive unit sold was for penthouse PH01 at The Ritz-Carlton Residences, Miami Beach. The unit sold for $15 million, or $2,527 per square foot. In addition, the residence lasted 83 days on the Multiple Listing Service.
Furthermore, the second most expensive unit sold was at The Caribbean Condo in Miami Beach. The unit sold for $13.4 million, or $3,435 per square foot. It lasted 67 days on the market.
The least expensive unit sold was at Sands Condominium. The unit lasted 49 days on market, and was sold for $1.7 million.
Furthermore, the unit sold that lasted the most days on the market was Turnberry Ocean Club PH3501. This unit lasted 318 days on market, and sold for $2.3 million. On the other hand, the unit that lasted the least days on the market was one at Oceanside at Fisher Island. The unit sold for $9 million, and lasted 34 days on market.
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