Condo Sales on the rise in Miami-Dade (January, 2019)January 23, 2019
Condo sales are on the rise in Miami-Dade.
From January 13 to 19, the county recorded 103 closings for a total sales volume of $48 million, up from the previous week’s 77 closings for $23.5 million. Condos last week sold for an average price of about $466,000 or about $312 per square foot.
Topping the list of priciest sales over that period was a unit at Regalia in Sunny Isles Beach, which sold for $5.7 million, or more than $1,000 per foot, after only 34 days on the market. The four-bedroom, 5,515-square-foot unit features a 2,100-square-foot terrace, a smart home system, 10-foot ceilings and Kreon lighting. It was on the market for $7.2 million.
The second most-expensive deal of the week was the $3.15 million sale of unit 4203 at Porsche Design Tower. After 101 days on the market, the Sunny Isles condo traded hands for about $800 per foot.
Here’s a breakdown of the top 10 sales last week.
Regalia #8 | 34 days on market | $5.7M | $1,033 psf |
Williams Island #1709 | 211 days on market | $840K | $308 psf |
Most days on market
Ritz-Carlton Coconut Grove #1202 | 389 days on market | $1.09M | $489 psf |
Fewest days on market
Continuum North #1504 | 3 days on market | $2.9M | $2,018 psf |