Adam Farence

1 week ago | therealdeal.com | Kate Hinsche |Adam Farence

Broward County’s condo sales and dollar volume fell last week. Brokers closed 89 condo sales totaling $25.6 million from May 17 to May 25. The previous week, brokers closed 115 condo sales totaling $41.4 million. Last week’s units sold for an average of $287,503, lower than the $325,860 average price from the previous week. The average price per square foot fell to $250 from $273, according to data from Redfin. For the top 10 sales, prices ranged from $500,000 to $1.7 million.

1 week ago | therealdeal.com | Kate Hinsche |Adam Farence

Palm Beach County’s condo sales and dollar volume dropped last week, as the area’s busy season winds down. Brokers closed 85 condo sales totaling $48.5 million from May 17 to May 25. The previous week, brokers closed 127 condo sales totaling $102.9 million. Last week’s units sold for an average of $570,234, lower than the $717,106 average price from the previous week. The average price per square foot fell to $329 from $391, according to data from Redfin.

1 week ago | therealdeal.com | Kate Hinsche |Adam Farence

A $14.8 million Brickell penthouse topped condo closings in Miami-Dade County last week. Brokers closed 86 condo sales totaling $88.1 million from May 17 to May 25. The previous week, brokers closed 127 condo sales totaling $123.7 million. Last week’s units sold for an average of $1,023,844, higher than the $973,842 average price from the previous week. The average price per square foot fell to $542 from $636, according to data from Redfin.

2 weeks ago | therealdeal.com | Kate Hinsche |Adam Farence

Broward County’s condo sales and dollar volume rose last week, led by a Hallandale Beach closing. Brokers closed 131 condo sales totaling $41.4 million from May 11 to May 18. The previous week, brokers closed 115 condo sales totaling $37.5 million. Last week’s units sold for an average of $316,079, lower than the $325,860 average price from the previous week. The average price per square foot fell to $249 from $273, according to data from Redfin.

2 weeks ago | therealdeal.com | Kelli Duncan |Sam Lounsberry |Adam Farence

Andrew Holmes congratulated South Side single-family investor Chris Urban on completing his 75th real estate deal in 2022, calling it a “huge accomplishment” and posting a video tour of the home, and Chris joked about losing count of how many properties he had rehabilitated. About two years later, Holmes was warning fellow Chicago investors about Chris, who he accused of running a Ponzi-like scheme that required taking out loans from individuals to pay off other troubled single-family home debts.