CondoWatch Miami: Week of August 25 – 31

The Miami-Dade condo market was down slightly in a week shortened by Hurricane Dorian preparations. There were 123 sales with a total sales volume of $41,776,985. The average condo sale price was $339,650.28, or $252.37 per square foot.

Miami was the top city with 74 closings for a total of $28.569 million. Miami Beach reported a sales volume of $6.063 million with 17 sales. Sunny Isles reported 9 transactions for a total of $4.076 million.

The top condo sale of the week was a residence at Bayview on exclusive Fisher Island. This 6,500 square foot home at 4911 Fisher Island Dr sold for $8,075,000, or $1,242.31 per square foot. This property was sold by Jill Eber after 248 days on the market.

The Miami Dade condo market is looking to bounce back next week.

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