Condo sales volume surges in first week of June

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June 10, 2020
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As reported in The Real Deal.

Condo sales volume surged in Miami-Dade in the first week of June as non-essential businesses reopened, reversing the trend of prior weeks.

A total of 55 condos sold for $45 million last week. That’s compared to 56 units that sold for $17 million the previous week. Condos last week sold for an average price of about $817,000 or $425 per square foot.

The top sale was at Palazzo Del Sol on Fisher Island. Unit 7084 sold to Philadelphia pesticide executive Pierre Brondeau and his wife Melissa for $13.5 million, or $2,849 per square foot. The unit was listed for 86 days.

The second most expensive sale was the $2.5 million trade of unit 803 at Majorca Towers in North Miami. It was on the market for 178 days. The unit sold for $2,167 per square foot.

Here’s a breakdown of the top sales from May 31 to June 6. 

Most expensive
Palazzo Del Sol #7084 | 86 days on market | $13.5M | $2,849 psf 

Least expensive
The New French Village #702 | 22 days on market | $1.25M | $595 psf

Most days on market
Grand Bay Residences #605 | 412 days on market | $2.5M | $748 psf 

Fewest days on market
Village of Campo Sano #1 | 5 days on market | $1.7M | $636 psf