The Miami Dade condo market was up this past week. There were 144 sales for a total sales volume of $78,129,087. The average price for a condo was $542,563.11, or $347.50 per square foot.
Miami was the top city, reporting 57 sales for a total of $20.941 million. Bal Harbour had a sales volume of $17.465 million with just 6 transactions. Sunny Isles Beach followed with 13 closings for $13.614 million.
The top condo sale of the week was a spacious penthouse at the St. Regis in Bal Harbour. This four-bedroom, 4,662 square foot property at 9701 Collins Avenue sold for a jaw-dropping $8,500,000, or $2,188.47 per square foot. Roberta Ingletto sold this condo after 546 days on the market.
The Miami Dade condo market outlook remains upbeat.