Last week, the Miami Dade condo market reported 95 sales for a total volume of $44,043,442. The average price for a condo was $463,615.18, or $331.01 square foot.
Miami was the top city with 38 sales for $14.625 million. Sunny Isles Beach reported a total sales volume of $12.725 million with just 8 transactions. Miami Beach had 11 closings with sales volume of $5.585 million.
The top condo sale of the week was a luxury unit at The Mansions in Sunny Isles Beach. This spacious three-bedroom, 4,609 square foot residence at 17749 Collins Avenue sold for $5,500,000, or $1,193.32 per square foot. This property was sold by Michael Goldstein after 294 days on the market.
The Miami Dade condo market hopes for an uptick as we approach March.