CondoWatch Miami: It’s Heating Up

The Miami Dade condo market continued its steady pace this past week.  There were 122 sales reported for a total of $65,546,299. The average price for a condo was $537,264.75, or $343.44 per square foot.

Miami was the top city with 55 closings for a total of $16.259 million. Miami Beach had a total sales volume of $14.710 million with 21 transactions. Bal Harbour followed with 4 sales for a total of $8.305 million.

The top condo sale of the week was a spacious penthouse at Marea Miami Beach. This three-bedroom, 6,028 square foot property at 801 Pointe Drive sold for $5,995,000, or $994.53 per square foot. Dora Puig sold this condo after 640 days on the market.

The forecast remains sunny and bright for the Miami Dade condo market.


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