CondoWatch Miami: Week of December 24 – December 31

The Miami Dade condo market reported 92 transactions for the last week of 2019 for a total sales volume of $51,391,800. The average condo was $558,606, which translates to $358.83 per square foot.

Miami continues to lead the market in closings with 40 for a total of $12, 369,975. However, Miami Beach reported a sales volume of $25,458,328 with just 19 sales. Aventura recorded 8 transactions for a total of $5,020,000.

The top condo sale of the week was a spacious unit at Palazzo del Sol on Fisher Island in Miami Beach. This 4,738 square foot condo at 7074 Fisher Island Drive sold for a jaw-dropping $10,000,000 or $$2,110.60 per square foot. The property was sold by Dora Puig after 68 days on the market.

The Miami Dade condo market is anticipating an exciting start to a prosperous New Year.

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About Author: Barbara Rosenberg