Miami condo sales and dollar volume both rise at end of September

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October 6, 2020
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As reported in The Real Deal

More than 160 condos sold last week for over $80 million in Miami-Dade County, marking a weekly increase in closed sales and dollar volume.

A total of 162 condos sold for $83.7 million last week, a huge jump compared to the 110 units that sold for $53.9 million the previous week. Condos last week sold for an average price of about $517,000 or $331 per square foot.

The most expensive sale was for unit 7764 in the Oceanside tower on Fisher Island. The unit traded for $11 million, or more than $1,600 per square foot. It was most recently on the market for about a month.

The second most expensive sale of the week was at 1 Hotel & Homes in Miami Beach. Penthouse 1612 sold for $5.9 million, a little under $2,600 per square foot, after 57 days on the market. 

Here’s a breakdown of the top 10 sales from Sept. 20 to Sept. 26.

Most expensive
Oceanside #7764 | 30 days on market | $11M | $1,613 psf 

Least expensive
Ocean 901 | 37 days on market | $1.6M | $570 psf 

Most days on market
Ocean Seven Condominiums #TH1 | 393 days on market | $2.9M | $804 psf 

Fewest days on market
Oceanside #7764 | 30 days on market | $11M | $1,613 psf