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.


Share This Post

About Author: Team