CondoWatch Miami: Sales Activity in August

August has gotten off to a great start as the Miami-Dade condo market continues steadily through the summer. In the past week, 119 units closed with a total sales volume of $40.544 million. The average condo sales price was $340,708.48, or $255.08 per square foot.

Miami was the top city in terms of number of units sold with 46 sales totaling $15.620 million. Miami Beach followed at $8.828 million and 17 closings. Aventura had 9 condo sales for a total of $4.262 million.

Il Villagio at 1455 Ocean Drive in Miami Beach was the top sale of the week. The 1,660 square foot unit sold for $2,590,000, or $1,777.11 per square foot.  After 246 days on the market, this property was sold by Janice Christensen.

The final month of the summer has begun for the Miami-Dade condo market.


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