CondoWatch Miami: Week of March 3 – 9

The Miami Dade condo market slowed slightly this past week. There were 100 closings for a total sales volume of $32,303,450. The average price for a condo was $323,034.50, or $290.81 per square foot.

Miami was the top city, reporting 46 sales for a total of $15.316 million. Miami Beach had 22 transactions for $8.663 million. Sunny Isles Beach recorded 4 sales for $2.621 million.

The top condo sale of the week was a spacious unit at Marquis Residences in Miami. This four-bedroom, 2,975 square foot property at 1100 Biscayne Boulevard sold for $2,000,000, or $672.27 per square foot. Darin Feldman sold this condo after 175 days on the market.

The Miami Dade condo market remains optimistic through the month.

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