CondoWatch Miami: Merry and Bright

The Miami Dade condo market was understandably quiet during the Christmas week. There were 96 sales for a total volume of $51,597,254. The average price for a condo was $537,471.40, or $326.54 per square foot.

Miami Beach was the top city, recording a total volume of $22.872 million across just 15 sales. Miami reported 47 closings for a total of $16.120 million.  Sunny Isles Beach followed with 4 transactions for $3.952 million.

The top condo sale last week was a luxury unit at Faena House in Miami Beach. This spacious five -bedroom, 4,720 square foot condo at 3315 Collins Avenue sold for a jaw-dropping $13,000,000, or $2,754.24 per square foot. This property was sold by Oren Alexander after 819 days on the market.

The Miami Dade condo market is hopeful that 2018 will be a banner year.


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