CondoWatch Miami: Week of May 26 – June 1

The Miami-Dade condo market dipped slightly this past week. There were 127 sales for a total sales volume of $70,255,610. The average condo was $553,193.78, or $342.76 per square foot.

Miami Beach was the top city, reporting a sales volume of $31.267 million with 20 sales. Miami followed with 53 closings for a total of $14.692 million. Key Biscayne reported 5 transactions for a total of $5.979 million.

The top sale of the week was a combined unit with five bedrooms at Continuum South in Miami Beach.  This expansive 4,378 square foot unit at 100 South Pointe Drive sold for a jaw-dropping $13,250,000, or $3,026.50 per square foot! This property was sold by Eloy Carmenate after 151 days on the market. The Miami Dade condo market outlook remains optimistic.

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About Author: Condo.com Team