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Miami Condo Sales Up slightly as businesses shut down due to coronavirus

March 31, 2020

There was a rush of closings in Miami-Dade last week as businesses began shutting down due to the coronavirus pandemic.

A total of 121 condos sold for $70 million last week, compared to 118 units that sold for $60 million the previous week. Condos last week sold for an average price of about $580,000 or $331 per square foot.

The $13.8 million closing of One Thousand Museum unit 5701 topped the list. After spending 128 days on the market, the five-bedroom, 9,910-square-foot penthouse sold for nearly $1,400 per square foot.

The second most expensive closing was the $5.45 million sale of unit 611 in the north tower of the Four Seasons Residences at the Surf Club. It sold for $2,683 per square foot.

Here’s a breakdown of the Top 10 sales from March 15 to March 21.

Most expensive
One Thousand Museum #5701 | 128 days on market | $13.8M | $1,393 psf

Least expensive
Lenox Villas Condos #8 | 248 days on market | $1.1M | $509 psf

Most days on market
Icon South Beach #2305 | 501 days on market | $1.2M | $686 psf

Fewest days on market
Porto Vita #PH01 | 16 days on market | $1.4M | $368 psf

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