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CondoWatch Miami: The Official Start of Summer

The Miami Dade condo market continued its steady pace last week.  There were 150 sales for a total of $65,839,532. The average price for a condo was $438,930.22, or $340.72 per square foot.

Miami Beach was the top city reporting total sales volume of $21.288 million with 29 transactions. Miami followed with 64 closings for a total of $19.108 million. Sunny Isles Beach reported 7 sales for a total of $7.075 million.

The top condo sale of the week was a spacious penthouse at the Setai in Miami Beach. This three-bedroom, 3,571 square foot property at 101 20th Street sold for a jaw-dropping $9,525,000, or $2,667.32 per square foot. Billy Hernandez sold this condo after being on the market for just over a year.

The Miami Dade condo market is hoping for a great start to the month of June.

market-report

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About Author: Condo.com Team