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Showing posts from September, 2020

How Did Continuum on South Beach Perform During the Covid-19 Pandemic?

The Performance of Continuum on South Beach During Covid-19 Unit 3703 at the South Tower just sold in June for $1,903 per SF. The 3 bedroom unit sold for $6.2M, after a $2.7M (30%) price cut from its original $8.9M listing price. We mentioned this unit several weeks ago in a blog about great deals at Continuum.   Although this is an original unit it is hard to come by such a high floor corner unit with unobstructed water views. Definitely a really great deal! The Impact of Covid-19 on the Miami Condo Market The Miami condo market has been struggling since 2013 with declining transaction volumes and sales prices per SF. Continuum on South Beach however remained a strong condo with a healthy demand and some very strong sales. Specially the larger 3+ bedrooms performed very well as relocation buyers from the northeast were looking for high-quality condos with sufficient indoor space and superb amenities near the beach. When ...