Top 45 sales ranged from $2.1M to $15.5M
What falls down bounces back — slightly.
Top condo sales for May totaled $284.1 million, $33.7 million more than in April but still behind March’s total of $327.3 million.
Data from condo.com show May sale prices for the top 45 condos ranged from $2.1 million to $15.5 million. That’s slightly above April’s top sale of a $15 million Fisher Island condo in Miami Beach, and breaks a two-month streak of Fisher Island sales topping the charts. The data does not include off-market deals.
Toni Schrager of Brown Harris Stevens represented the sellers for the $15.5 million sale at Faena House in Miami Beach: HG Capital hedge fund manager Leonard Licht and his wife Judith.
HG Capital is based in London.
Bryan Sereny and Bill Hernandez of the Bill & Bryan Team at Douglas Elliman represented the buyers, Arvind and Shilpa Sanger.
Barely falling short of the top spot, and for the second month in a row, a $12.3 million closing at Apogee in Miami Beach clinched the second spot. That makes May a great month for the Bill & Bryan team, as they represented the sellers. Clemente Sanchez with Luxe Living Realty represented the buyer.
The 45 top sales in May averaged $6.3 million, higher than the average of $6.1 million in April and lower than the average of $7.1 million in March. The price per square foot in May ranged from $801 to $4,050, and averaged $1,907, slightly lower than April’s average of $1,931 per square foot and March’s average of $1,912 per square foot.