Fisher Island Closing Leads Miami-Dade Weekly Condo Sales: Top 10 Sales Range from $1.9M to $8.9M
Miami-Dade County witnessed a surge in condo sales and dollar volume, highlighted by a significant closing on Fisher Island, according to data compiled from March 25th to April 1st. The top 10 sales during this period ranged from $1.9 million to $8.9 million, showcasing the diversity of the market.
1. Overall Market Performance:
Brokers closed 172 condo sales totaling $130 million, representing an uptick from the previous week’s figures. Despite the increase in sales volume, the average price per unit slightly decreased to $754,193, with the average price per square foot also experiencing a decline to $562.
2. Top Sale Highlights:
The highest-priced closing was Bayview unit 5224 on Fisher Island, fetching $8.9 million. This sale, which closed at $2,500 per square foot after 169 days on the market, was facilitated by Don Pingaro with Ocean Insiders and represented by Karla Abaunza with Luxury Living Realty.
3. Additional Top Sales:
One Ocean unit 308 at 1 Collins Avenue in Miami Beach secured the second-highest closing at $3.9 million, translating to $1,291 per square foot. Oren Alexander and Isaac Lustgarten with Official handled the listing, with Jaclyn Bild from Douglas Elliman representing the buyer.
4. Top 10 Sales Breakdown:
The top 10 sales encompassed a diverse range of properties, from the opulent Bayview unit to more affordable options like Grand Venetian unit 1702, priced at $1,912,500. Notably, Bayview unit 5224 also achieved the highest price per square foot, while Trump Tower I unit 3004 in Sunny Isles Beach secured the lowest price per square foot at $859.
The recent surge in condo sales, coupled with the diverse range of transactions, underscores the resilience and dynamism of Miami-Dade’s real estate market. These trends reflect continued investor interest and confidence in the region’s property market.
Source:
The Real Deal by Adam Farence
