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Faena House trade tops weekly condo sales in Miami

A total of 103 condos sold for $41 million last week, compared to 116 units that sold for a combined $49 million the previous week.

Top 10 Sales Ranged from $1 M to $2.65 M

Condo Sales Fell Following Miami Art Week.

A total of 103 condos sold for $41 million last week, compared to 116 units that sold for a combined $49 million the previous week. Condos last week sold for an average price of about $402,000 or $351 per square foot.

A unit at Faena House marked the priciest sale of the week. Unit 5D, a one-bedroom, 1,185-square-foot condo, sold for $2.65 million after only two days on the market. Maria Patch represented the seller, while Dani Moore represented the buyer. The Mid-Beach unit sold for $2,236 per square foot. Property records show Fortin Enterprises Inc., led by Danielle Moore, Lesly Smith and Susan Channing of Palm Beach, sold the unit. Moore, a philanthropist, is the president of the Palm Beach Town Council. Smith was formerly mayor of the town of Palm Beach.

The second most-expensive sale was the $2.6 million trade of Caribbean Condominium unit S-1703. It was listed for 273 days before selling for $1,604 per square foot. The listing agent was Cyril Bijaoui. The buyer’s agent was Judith Werner.

Here’s a Breakdown of The Top 10 Sales from Dec. 8 to Dec. 13. Click on The Map for More Information:

Most Expensive

Faena House #5 D | 2 Days on Market | $2.65 M | $2,236 Psf | Listing Agent: Maria Patch | Buyer’s Agent: Dani Moore

Least Expensive

Marquis Condo #5001 | 19 Days on Market | $1 M | $508 Psf | Listing Agent: Zachary Belil | Buyer’s Agent: Zachary Belil

Most Days on Market

Balmoral Condo #ph1 | 395 Days on Market | $1.6 M | $525 Psf | Listing Agent: Boris Vertsberger | Buyer’s Agent: Silvia Olivera

Fewest Days on Market

Faena House #5 D | 2 Days on Market | $2.65 M | $2,236 Psf | Listing Agent: Maria Patch | Buyer’s Agent: Dani Moore

Click here to read the full article on therealdeal.com.

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