We’re already two weeks into the new year, but Miami-Dade County’s condo market continues to hang in a holiday slump. Only one closing last week pushed into the multimillion dollar range, with five more breaking $1 million.
The week’s most expensive sale was also its slowest: Unit 2901 at Aventura’s Porto Vita complex traded for $3.575 million after spending 221 days on the market. That’s about $695 per square foot. Some of its features include 12-foot ceilings, a private elevator foyer, all-white modern style and ocean views. Karen Matluck of ICS Realty had the listing.
On the same day that sale closed, Rene Bushel Gioia of Scott Hess Associates was sealing a $1.95 million deal for a listing at the South Pointe Towers in ritzy South Beach. Gioia had unit 2303 on the market for 66 days before it closed at a sizable $1,543 per square foot. The corner residence boasts marble floors, a large terrace, plus 180-degree views of the ocean and Fisher Island.
And Miami-Dade’s third-most expensive sale last week was for a unit in the Aqua at Allison Island complex in Miami Beach. Unit 6110 spent 157 days on the market under Egor Tatarenko of Miami Sun Realty before it closed at $1.85 million, or about $363 per square foot.
Out of the county’s 10 priciest condo sales last week, the remaining seven ranged between $1.6 million and $620,000.
Miami-Dade saw 81 condo sales last week for a total of $29.1 million. The market has mostly held steady at that sales volume for the last three weeks, which saw a severe slump in activity due to the holiday season. The previous week had 99 sales for $31.2 million.
Here’s a breakdown of the data for the week of January 3 to January 9. Read More