CondoWatch Miami: Week of February 3 – 9

The Miami Dade condo market was sluggish this past week. There were 82 transactions for a total sales volume of $68,921,345. The average price for a condo was $840,504.21, or $393.48 per square foot.

Miami Beach was the top city with 16 closings for a total of $44.088 million. Miami recorded 33 sales for a total sales volume of $9.735 million. There were 6 transactions in Sunny Isles Beach for a total of $6.398 million.

The top condo sale of the week was a jaw-dropping 16,466 square foot penthouse at L’Atelier in Miami Beach. This six-bedroom residence at 6901 Collins Avenue sold for a whopping $21,000,000, or $2,643.17 per square foot.  The residence was sold by Anna Sherrill.

The Miami Dade condo market remains optimistic.

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About Author: Condo.com Team