CondoWatch Miami: Week of April 28 – May 4

The Miami-Dade condo market soared this past week. There were 209 sales for a total sales volume of $80,035,775. The average condo sales price was $382,946.29, or $311.63 per square foot.

Miami was the top city, reporting 95 closings for a total of $29.857 million. Miami Beach followed with 27 sales for a total of $15.359 million. Sunny Isles Beach reported 15 transactions for a total sales volume of $11.122 million.

The top sale of the week was a five-bedroom condo at Grand Bay Tower on Key Biscayne.  This 3,950 square foot unit at 430 Grand Bay Drive sold for $3,350,000, or $848.10 per square foot. This property was sold by David Siddons after 230 days on the market.

The Miami Dade condo market remains upbeat through the merry month of May!

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