Condos selling in Miami-Dade amid soaring coronavirus cases

Posted :
July 14, 2020
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As reported in The Real Deal.

A total of 95 condos sold for $37 million last week. That’s compared to 123 units that sold for $51 million the previous week. Condos last week sold for an average price of about $391,000 or $301 per square foot.

A unit at the St. Regis Bal Harbour sold for $4.7 million. Unit 2203 in the north tower of the Bal Harbour development sold for $1,343 per square foot.  It was listed for 158 days before it sold.

The second most expensive condo sale was the $2.4 million trade of a penthouse at Gran Paraiso in Miami’s Edgewater. Penthouse 4 sold after 123 days on the market for $858 per square foot. 

Here’s a breakdown of the top sales from July 5 to July 11. Click on the map for more information:

Most expensive
St. Regis Bal Harbour #2203N | 158 days on market | $4.7M | $1,343 psf 

Least expensive
Bristol Tower #904 | 102 days on market | $697K | $419 psf 

Most days on market
Jade Ocean #4204 | 456 days on market | $1.85M | $867 psf

Fewest days on market
Yacht Harbour Condo #11B | 7 days on market | $1.4M | $851 psf