CondoWatch Miami: Week of October 6 – 12

The Miami-Dade condo market was down slightly this past week. There were 91 sales with a total sales volume of $44,507,182. The average condo sale price was $489,089.91, or $311.12 per square foot.

Miami was the top city with 50 closings for a total of $16.702 million. Miami Beach reported a sales volume of $4.360 million with 8 sales. Aventura reported 7 transactions for a total of $2.375 million.

The top condo sale of the week was a residence at Palazzo Del Sol on Fisher Island. This 4,956 square foot residence at 7063 Fisher Island Dr sold for $10,000,000, or $2,017.76 per square foot. This property was sold by Dora Puig after 434 days on the market.

The Miami Dade condo market is looking to have a strong fall season.

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About Author: Condo.com Team