Ritz-Carlton Sale Tops Miami-Dade Weekly Apartment Roundup

Miami-Dade County’s rental sales volume and typical price fell substantially in the 2nd 7 days of November.

Income totaled $57.2 million, practically half of the $107.4 million in profits from the prior week. The average sale value dropped to $556,000 from $650,000 the week earlier.

Rates for the top rated 10 sales ranged from $1 million to $5 million, as opposed with $1.7 million to $11 million the prior week.

The fall in costs continues a broader craze from Oct, the place metrics for luxurious apartment revenue confirmed a downturn in the marketplace.

Ritz-Carlton Residences, Miami Beach front took the major location very last 7 days. Device 221 at 4701 North Meridian Avenue pulled in $5 million. Juan Carlos Pagan with HAUS Realty had the listing.

Palau Sunset Harbour, also in Miami Seashore, took 2nd location with a $2.6 million sale. Mendel Fellig with Compass Florida represented the seller for device 302 at 1201 20th Street, and John Sandberg with Douglas Elliman worked with the buyer.

Here’s a breakdown of the major 10 gross sales from Nov. 6th to Nov. 12th:

Most costly

Ritz-Carlton Residences, 4701 North Meridian Avenue, unit 221 | 942 days on the sector | $5M | $1,531 psf | Listing agent: Juan Carlos Pagan with HAUS Realty

The very least highly-priced

Club at Brickell Bay, 1200 Brickell Bay Drive, device 3901 | 36 times on the current market | $1M | $904 psf | Listing agent: Jessica Bechard with Homeland Capital Realty | Buyer’s agent: Yesenia Garcia with Homeland Money Realty

Most days on current market

Ritz-Carlton Residences, 4701 North Meridian Avenue, device 221 | 942 days on the market | $5M | $1,531 psf | Listing agent: Juan Carlos Pagan with HAUS Realty

Fewest times on sector

SLS Lux Brickell Residences | 8 times on the current market | $1.4M | $868 psf | Listing agent: Karen Vieira Ferreira with Miami Realty Alternative Group | Buyer’s agent: Mariela Feo La Cruz with Realty A single Group Evolution.

(Condo.com)