CondoWatch Miami: Week of January 20 – 26

The Miami Dade condo market took a slight dip this past week. There were 77 transactions for a total sales volume of $38,300,322. The average price for a condo was $497,407 or $322.52 per square foot.
Miami was the top city with 42 sales for a total sales volume of $11,717,322. Key Biscayne’ s sales volume was a close second with $11,580,000 and just 3 closings. Miami Beach reported 6 transactions for a total of $4,011,500.
The top condo sale of the week was a spacious 6,914 square foot property at Ocean Tower One in Key Biscayne. This unit at 799 Crandon Boulevard sold for $6,600,000, or $954.58 per square foot. After 327 days on the market, this condo was sold by Jorge Uribe.
The Miami Dade condo market is looking forward to end the month on a high note.

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About Author: Condo.com Team