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CondoWatch Miami: Strong Start for August

The Miami Dade condo market performed strongly this past week. There were 206 closings for a sales volume total of $70,223,543. The average price for a condo was $340,890.99, or $255.09 per square foot.

Miami was the top city with 86 reported transactions for a total sales volume of $21.550 million. Miami Beach followed with 29 sales for a total volume of $17.977 million. Sunny Isles Beach had 10 closings for a total of $8.990 million.

The top condo sale of the week was a spacious four bedroom luxury unit at Bayview on exclusive Fisher Island. This 4,109 square foot property at 5113 Fisher Island Drive sold for $8,400,000, or $2,044.29 per square foot. After 106 days on the market, this property was sold by Lazaro Rivero.

The Miami Dade condo market looks to remain bright through the summer.

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About Author: Condo.com Team