CondoWatch Miami: Week of February 24 – March 2

The Miami Dade condo market came roaring back this past week. There were 183 transactions for a total sales volume of $79,309,406. The average price for a condo was $433,384.73, or $335.10 per square foot.

Miami Beach was the top city with 34 closings for a total of $24.298 million. Miami recorded 61 sales for a total sales volume of $22.122 million. There were 13 transactions in Sunny Isles Beach for a total of $8.018 million.

The top condo sale of the week was a 2,340 square foot unit at Portofino Tower on Miami Beach. This three-bedroom residence at 300 Pointe Drive sold for $2,860,000, or $1,222.22 per square foot. After 118 days on the market, this condo was sold by Robert Conway.

The Miami Dade condo market is expecting a strong March.

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About Author: Michael Covert