• Sunny Isles Beach, Florida

CondoWatch Miami: Seasonal Slowdown Continues

The Miami Dade condo market continued a quiet Fall season this past week. There were 72 sales for a total sales volume of $18,634,510. The average price for a condo was $258,812.64, or $205.06 per square foot.

Miami was the top city with 36 closings for a total sales volume of $8.354 million. Sunny Isles Beach reported just 2 sales for a total of $3.240 million. Homestead had a surprising 7 transactions totaling $1.371 million.

The top condo of the week was a three-bedroom unit at Trump Palace in Sunny Isles Beach. This 2,143 square foot condo at 18101 Collins Avenue sold for $1,640,000, or $765.28 per square foot. Richard Goihman sold this property after 266 days on the market.

The Miami Dade condo market is hoping for more treats and fewer tricks as we head into the last week of October.

market-report

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About Author: Condo.com Team