The Miami Dade condo market was understandably slow for the short Thanksgiving holiday week. There were just 63 sales for a total volume of $26,738,900. The average price for a condo was $424,426.98, or $305.00 per square foot.
Bal Harbour was the top city with 2 sales for a total volume of $7.420 million. Miami had 22 closings for a total of $6.503 million. Miami Beach followed with 9 transactions for a total of $3.177 million.
The top condo sale this week was a luxury unit at St. Regis Bal Harbour. This spacious three bedroom, 3,153 square foot condo at 9703 Collins Avenue in Bal Harbour sold for a jaw-dropping $7,100,000, or $2,251.82 per square foot. Gabriel Markovich sold this property after just 52 days on the market.
The Miami Dade condo market is looking forward to a happy holiday season.