Buyers signed contracts to purchase 19 luxury properties in Miami-Dade County last week, a jump in activity at the unofficial end of summer.
The contracts, for properties asking a combined $116.6 million, include seven condos asking a total of about $46 million and 12 single-family homes asking a total of $70.7 million, according to the Eklund-Gomes report. The report, based on new signed contracts recorded in the Multiple Listing Service, tracks homes and condos asking $4 million and up.
The waterfront home at 695 Solano Prado in Coral Gables was at the top of the report covering Aug. 26 to Sept. 1. The five-bedroom, three-bathroom house was built in 1966 on a 0.7-acre lot. It’s asking $12.2 million with Jack McAlister of One Sotheby’s International Realty. The 2,600-square-foot house is advertised as a renovated property or a teardown. It’s in the Old Cutler Bay community.
The most expensive condo contract of the week is for unit 1703 in the north tower at Grove at Grand Bay, at 2669 South Bayshore Drive in Miami’s Coconut Grove. The six-bedroom, six-bathroom condo is asking $9.5 million, or $1,765 per square foot. It’s on the market with Marcello Agostini of AG Real Estate Advisors. A company owned by Jose Ernesto Freitas De Camargo and other members of the same family paid $4.1 million for the 5,380-square-foot unit in 2016.
The condos included in the report averaged $6.6 million, or $2,232 per square foot, and spent about 52 days on the market. The single-family homes that went into contract averaged $5.9 million, and spent an average of 81 days on the market.
The previous week, buyers signed contracts for eight properties in Miami-Dade County, asking a combined $80.5 million.
Last week in New York, buyers signed contracts for 17 homes, according to the latest Olshan report. Their combined asking price was almost $207.5 million, and the typical home spent 563 days on the market. Eklund-Gomes’ reports are modeled after Donna Olshan’s report that tracks new deals in Manhattan.
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