CondoWatch Miami: Week of March 10 – 16

The Miami Dade condo market surged this past week. There were 193 transactions for a total sales volume of $96,195,488. The average price for a condo was $498,422.22, or $338.33 per square foot.

Miami was the top city with 79 sales for a total sales volume of $24.169 million. Miami Beach reported 35 closings for a total of $23.964 million. Bal Harbour reported 6 sales for a total of $16.318 million.

The top condo sale of the week was a spacious 4,893 square foot unit at Il Villagio on Miami Beach. This four-bedroom residence at 1455 Ocean Drive sold for a jaw-dropping $8,750,000, or $2,205.70 per square foot. After 38 days on the market, this condo was sold by Barbara Estela.

The Miami Dade condo market is anticipating a sunny Spring.

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About Author: Condo.com Team