Summer slowdown: Miami weekly condo sales slump to $68M

Miami-Dade County’s condo sales and dollar volume dropped in the second week of June, as the summer slowdown begins.

Brokers closed 89 condo sales totaling $67.7 million from June 6 to June 14. The previous week, brokers closed 123 condo sales totaling $115.1 million, marking a 41 percent drop in dollar volume.

Last week’s units sold for an average of $760,808, lower than the $935,700 average price from the previous week. The average price per square foot fell to $547 from $581, according to data from Redfin.

For the top 10 sales, prices ranged from $2.1 million to $4.2 million.

Unit 3504 at Ritz-Carlton Residences, Sunny Isles Beach at 15701 Collins Avenue in Sunny Isles Beach took the top spot with a $4.2 million closing. The sale closed at $2,673 per square foot after 225 days on market.

Luz Bencich with Grand Realty of America had the listing, and Dolores Urdapilleta with Urdapilleta Real Estate brought the buyer.

Unit 1603 at Aston Martin Residences at 300 Biscayne Boulevard Way in Miami closed for the second highest amount, $4.1 million, or $1,324 per square foot after 180 days on market.

Sergio Balinotti and Matias Alem with BRG International had the listing, and Franco Tommasi with the Corcoran Group represented the buyer.

Here’s a breakdown of the top 10 sales from June 6 to June 14:

Most Expensive

Ritz-Carlton Residences, Sunny Isles Beach , 15701 Collins Avenue, unit 3504, in Sunny Isles Beach | Price: $4,200,000 | $2,673 psf | Listing agents: Luz Bencich with Grand Realty of America | Buyer’s agents: Dolores Urdapilleta with Urdapilleta Real Estate

Least Expensive

Trump Tower II, 15901 Collins Avenue, unit 2106, in Sunny Isles Beach | Price: $2,100,000 | $902 psf | Listing agents: Marcello Agostini and Rodrigo Gomez with AG Real Estate Advisors | Buyer’s agent: Olga Davydova with Golden Keys

Highest Price Per Square Foot

Lowest Price Per Square Foot

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