The Miami Dade condo market reported 92 transactions for the last week of 2019 for a total sales volume of $51,391,800. The average condo was $558,606, which translates to $358.83 per square foot.
Miami continues to lead the market in closings with 40 for a total of $12, 369,975. However, Miami Beach reported a sales volume of $25,458,328 with just 19 sales. Aventura recorded 8 transactions for a total of $5,020,000.
The top condo sale of the week was a spacious unit at Palazzo del Sol on Fisher Island in Miami Beach. This 4,738 square foot condo at 7074 Fisher Island Drive sold for a jaw-dropping $10,000,000 or $$2,110.60 per square foot. The property was sold by Dora Puig after 68 days on the market.
The Miami Dade condo market is anticipating an exciting start to a prosperous New Year.