CondoWatch Miami: Week of February 17 – 23

The Miami Dade condo market was off a bit this past week. There were 78 transactions for a total sales volume of $37,708,745. The average price for a condo was $483,445.45, or $355.25 per square foot.

Miami Beach was the top city, reporting 15 closings for a total of $12.172 million. Miami recorded 32 sales for a total sales volume of $10.818 million. There were 9 transactions in Sunny Isles Beach for a total of $6.725 million.

The top condo sale of the week was a 1,746 square foot penthouse at 1 Hotel & Homes on Miami Beach. This two-bedroom residence at 102 24th Street sold for $3,500,000, or $2,004.58 per square foot. After 382 days on the market, this condo was sold by Tracy Gayla.

The Miami Dade condo market remains positive through the end of February.

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About Author: Condo.com Team