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The top 10 sales ranged from $1 million to $4.7 million
A Miami condo won the most expensive sale spot at $4.7 million — marking a slow start to the first week of the year, after a strong close to 2022.
Park Grove in Coconut Grove had the most expensive sale last week. Unit 9A at 2821 South Bayshore Drive in Miami went for $4.7 million. Alina Gallart with One Sotheby’s International Real Estate had the listing and Julian Cohen with Douglas Elliman represented the seller.
Prices for the top 10 sales ranged from $1 million to $4.7 million, compared to $900,000 to $7.3 million the previous week. It’s a reminder that while the South Florida condo market is strong, it’s not invincible. The Park Grove condo alone closed for over $4 million. The second most expensive sale came in at $3.9 million and the remaining eight all closed under $3 million.
Condos spent an average of 53 days on the market last week and sold for an average price of $733,586 — or $522 per square foot. That’s an improvement from the last week of the year, when the average price per square foot was $508. The average number of days on the market in the last week of the year was 57, according to data from Condo.com.
The $3.9 million sale, in Asia at Brickell Key in Miami, was brokered by Joao Carvalho with Jad Realty and Ricardo Cruz with La Playa Properties Group. Carvalho represented the seller and Cruz worked with the buyer for unit 2303 at 900 Brickell Key Ave.
Here’s a breakdown of the top 10 sales from January 1st through January 7th:
Park Grove, 2821 South Bayshore Drive, Unit 9A | 38 days on the market | $4.7 million | $1,454 psf | Listing Agent: Alina Gallart with One Sotheby’s International Realty | Agent for Buyer: Julian Cohen with Douglas Elliman
400 Sunny Isles, 400 Sunny Isles Boulevard, Unit 1016 | 51 days on the market | $1 million | $657 psf | Listing Agent: Karin Hartman with Hartman Realty Group | Buyer Agent: Gladys Martinez with Elite Properties & Investments
Asia, 900 Brickell Key Boulevard, Unit 2303 | 700 days on the market | $3.9 million | $1,148 psf | Listing Agent: Joao Carvalho with Jad Realty | Buyer Agent: Ricardo Cruz with La Playa Properties Group
Deering Bay, 13627 Deering Bay Drive, Unit 101 | 10 days on the market | $1.9 million | $693 psf | Listing Agent: Geraldine Brodie with Onyx Realty | Agent for Buyer: Lourdes Alatriste with Douglas Elliman
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