T
wo luxury waterfront homes in Miami Beach and Coral Gables led the signed contracts report in Miami-Dade County last week, with each asking nearly $20 million. The surge follows Art Basel, marking one of the most active weeks for new contracts since reports began in April. Nineteen properties were marked as sold between Dec 9-15, according to the Eklund-Gomes report, which tracks listings over $4 million.

    The combined asking dollar volume for the 12 single-family homes and seven condos totals $154.1 million. The most expensive home to enter contract is a five-bedroom, five-and-a-half-bathroom house on Allison Island in Miami Beach, priced at $19.9 million. Built in 2001, it features a movie theater, pool, and sauna.

    The second most expensive property is the new Cocoplum estate in Coral Gables, asking $19.8 million. This six-bedroom, seven-and-a-half-bathroom home boasts 100 feet of waterfrontage, a pool, and outdoor kitchen. The average single-family home spent 97 days on the market before selling for around $8.5 million.

    Condos had an average price per square foot of $1,705 and spent an average of 221 days on the market. In comparison, buyers in New York signed contracts for 31 homes last week, with a combined asking price of $262 million.