CondoWatch Miami: Week of May 12 – 18

The Miami-Dade condo market remained steady this past week. There were 132 transactions for a total sales volume of $65,505,700. The average condo sales price was $496,225.30, which translates to $353.72 per square foot.

Miami was the top city with 60 closings for a total of $25.088 million.  Miami Beach reported 23 sales for a total of $21.297 million. Bal Harbour followed with 3 transactions for a total of $4.670 million.

The top sale of the week was a spacious three-bedroom condo at Apogee in Miami Beach.  This 3,103 square foot unit at 800 South Pointe Drive sold for $7,250,000, or $2,336.45 per square foot. The property was sold by Nelson Gonzalez after 393 days on the market.

The Miami Dade condo market outlook remains sunny and bright as we head towards the start of Summer.

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