L
ast week, buyers signed contracts for four luxury properties in South Florida, marking a significant decrease in activity compared to the previous week's 19 property deals in Miami-Dade County. The most notable transaction was the sale of a 6,051-square-foot townhouse on Fisher Island, which was secured by health care app owner Tony Hai and his wife Karyn Hai. The property, which boasts four bedrooms and four-and-a-half bathrooms, was sold to Jill Eber of Coldwell Banker's Jills Zeder Group for $19.8 million. The couple had purchased the property in 2001 for $1.2 million.

    The report also highlighted the sale of a waterfront teardown at 640 Sabal Palm Road in Miami's Bay Point. The half-acre property, which features a five-bedroom, four-bathroom house built in 1942 and 100 feet of bay frontage, was sold for $15.5 million to Laura Graves of BrokerNation Real Estate. The property was managed by a land trust managed by Zachary Schiffman, CEO of Zack Holdings, who purchased it in 2020 for $4.8 million.

    The report also revealed that four contracts were signed for two single-family homes, one condo, and one townhouse, totaling $53.2 million in asking dollar volume. The average asking price for condos was $13.9 million or $2,089 per square foot, while single-family homes averaged $12.3 million and spent an average of 61 days on the market.

    In comparison, the previous week saw buyers signing contracts for 19 properties in Miami-Dade County, asking a combined $116.6 million. Meanwhile, in New York, buyers signed contracts for 29 homes, with an average asking price of almost $235.6 million, and properties spending an average of 756 days on the market.

    The report is modeled after Donna Olshan's report that tracks new deals in Manhattan, similar to Eklund-Gomes' reports in South Florida.