CondoWatch Miami: Week of August 25 – 31

Condo.com Team

Condo.com Team

Cover Image for CondoWatch Miami: Week of August 25 – 31
Condo.com Team

Condo.com Team

The Miami-Dade condo market was down slightly in a week shortened by Hurricane Dorian preparations. There were 123 sales with a total sales volume of $41,776,985. The average condo sale price was $339,650.28, or $252.37 per square foot.

Miami was the top city with 74 closings for a total of $28.569 million. Miami Beach reported a sales volume of $6.063 million with 17 sales. Sunny Isles reported 9 transactions for a total of $4.076 million.

The top condo sale of the week was a residence at Bayview on exclusive Fisher Island. This 6,500 square foot home at 4911 Fisher Island Dr sold for $8,075,000, or $1,242.31 per square foot. This property was sold by Jill Eber after 248 days on the market.

The Miami Dade condo market is looking to bounce back next week.

TaggedBuyersCondosFor SaleLuxuryMarket ReportMiamiReal EstateReal Estate Investment