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CondoWatch Miami: Good Showing Led by Luxury

The Miami Dade condo market performed well this past week with 122 sales for a total volume of $50,216,104. The average price for a condo was $411,607.41, or $286.97 per square foot.

Miami was the top city with 52 sales for $16.963 million. Bal Harbour followed with 2 closings that totaled $10.100 million. Miami Beach had 15 transactions for a total of $7.917 million.

The top condo sale of the week was a luxury unit at Oceana Bal Harbour. This spacious three-bedroom, 5,780 square foot condo at 10201 Collins Avenue sold for a jaw-dropping $8,600,000, or $1,487.89 per square foot. This property was sold by Matias Alem after 426 days on the market.

The Miami Dade condo market remains optimistic through February.

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About Author: Condo.com Team