Condo sales rise in Miami-Dade

Posted :
September 2, 2020
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As reported in The Real Deal.

A total of 125 condos sold for $54.5 million last week in Miami-Dade. That’s compared to 114 units that sold for $55.6 million the previous week. Condos last week sold for an average price of about $436,000 or $304 per square foot.

The most expensive sale was for unit 1008 at One Bal Harbour in Bal Harbour, which traded for $4.5 million, or more than $1,500 per square foot. The unit was listed for just over a month.

The second most expensive sale of the week was at Ocean Tower One in Key Biscayne. Penthouse 2 sold for $4 million, or $1,053 per square foot, after 626 days on the Multiple Listing Service. 

Here’s a breakdown of the top 10 sales from Aug. 23 to Aug. 29. Click on the map for more information:

Most expensive
One Bal Harbor #1008 | 34 days on market | $4.5M | $1,629 psf 

Least expensive
Mar Azul #4CN | 60 days on market | $1.2M | $507 psf

Most days on market
Ocean Tower One #PH2 | 626 days on market | $4M | $1,054 psf 

Fewest days on market
One Bal Harbor #1008 | 34 days on market | $4.5M | $1,629 psf