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The top 10 sales ranged from $2.8 million to $10.3 million
Continuum South Beach led the (much needed) charge for last week’s priciest condo sale.
Bill Hernandez and Bryan Sereny had the listing for unit 1206 in the south tower at 100 South Pointe Drive in Miami Beach. After spending 95 days on the market, Matthew Wilkens with One Sotheby’s International Realty represented the buyer for the $10.3 million, $4,087 per square foot deal.
While last week’s top sale is significantly less than the previous week’s $17 million Arte Surfside deal, last week’s overall numbers showed signs of life after nearly all sales metrics cooled in recent months following the summer’s hot market .
Last week’s total sales came to $112.5 million, a sharp jump from $73 million in total sales the previous week. The median sales price also increased from $785,000 to $907,000, but the median price per square foot fell from $559 to $543. Average time on market lengthened from 83 days to 87, according to MLS data from condo.com. Prices for the top 10 sales last week ranged from $2.8 million to $10.3 million. Last week, prices ranged from $1.3 million to $17 million.
The total number of apartments traded also increased, from 93 to 124.
Pablo Alfaro with Douglas Elliman had the listing for last week’s second most expensive sale: unit 801 in Murano at Portofino at 1000 South Pointe Drive in Miami Beach. Ekaterina Sizenova with Big International Realty represented the buyer in the $8.3 million sale, $2,452 per square foot after the apartment spent 128 days on the market.
Here’s a breakdown of the top 10 sales from January 29 to February 4:
Continuum South Tower, 100 South Pointe Drive, unit 1206 | 95 days on market | $10.3 million | $4,087 psf | Brokers: Bill Hernandez and Bryan Sereny, both with Douglas Elliman | Buyer’s agent: Matthew Wilkens with One Sotheby’s International Realty
Lake Tower Condo, 765 Crandon Boulevard, Unit 505 | 199 days on market | $2.8 million | $1,056 psf | Listing Agent: Paula Barreto Brook with Berkshire Hathaway HomeServices EWM Realty | Buyer’s agent: Ingo Viehweg with Berkshire Hathaway HomeServices EWM Realty
Jade Signature, 16901 Collins Avenue, unit 4601 | 387 days on market | $6.5 million | $1,479 psf | Listing Agents: Diane Lieberman with One Sotheby’s International Realty | Buyer’s agent: Wendy Cohen with One Sotheby’s International Realty
Rise Condo, 88 Southwest Seventh Street, Unit PH4204 | 17 days on the market | $6.4 million | $1,775 psf | Listing Agent: Allison Ortiz with Fortune Christie’s International Real Estate | Buyer’s agent: Banna Fakhoury with One Sotheby’s International Realty
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