A penthouse at the Four Seasons Residences at the Surf Club, listed for nearly $50 million, led new pending sales in Miami-Dade County during the week of March 2 to March 8. Buyers signed contracts for 24 properties across the county in that period, according to a report released on Mar. 9 by Eklund-Gomes.
The report tracks homes and condominiums listed at $4 million or more within Miami-Dade’s Multiple Listing Service. These properties spent an average of 126 days on the market before going under contract. During the same week, 38 new luxury listings were added, bringing the total number of such listings to 1,258.
In comparison, buyers signed contracts for 31 properties totaling $488 million in asking price during the previous week. That figure included Mark Zuckerberg and Priscilla Chan’s purchase of a property at 7 Indian Creek Island Road for $170 million.
For the most recent week, single-family homes accounted for 14 of the signed contracts with an average asking price close to $10 million and an average time on market of 91 days. The combined asking price for these homes was $138.4 million. The highest-priced home was a five-bedroom residence at 665 Leucadendra Drive in Coral Gables, listed at $27.6 million and owned by Yrma Palenzuela.
Condominiums made up ten of last week’s signed contracts with an average asking price of $12.4 million and an average time on market of 175 days. The total asking dollar volume for condos reached $124.4 million, averaging about $3,300 per square foot. Penthouse 6 in the north tower at 9111 Collins Avenue in Surfside topped this category; it features four bedrooms, seven bathrooms, and a large rooftop terrace.
Elsewhere, New York saw buyers sign contracts for 43 homes last week with a combined asking price exceeding $421.5 million and an average time on market of over one year.
