CondoWatch Miami: Week of May 19 – 25

The Miami-Dade condo market continued its steady pace this past week. There were 134 sales for a total sales volume of $58,629,512. The average condo sale price was $433,533.67, which translates to $259.40 per square foot.

Miami was the top city with 57 closings for a total of $18.053 million. Miami Beach had 21 transactions for $13.585 million. Sunny Isles Beach reported 8 sales for a total of $10.113 million.

The top sale of the week was a spacious three-bedroom condo at Porsche Design Tower in Sunny Isles Beach.  This expansive 5,913 square foot unit at 18555 Collins Avenue sold for $4,500,000, or $761.04 per square foot. This property was sold by Romina Kotliar.

The Miami Dade condo market outlook remains sunny and bright.

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