As reported in The Real Deal.
Condo sales and closed dollar volume rebounded at the end of the year in Miami-Dade County, anchored by a $17.4 million sale.
A total of 120 condos sold for $116 million last week, up from the 105 condos that sold the previous week for $58.4 million.
Units sold for an average price of about $966,000, a big jump from the average of $556,000 a week earlier. The average price per square foot of $417 last week was up from the $369 per square foot the previous week.
The most expensive sale was for unit 6885 at Palazzo Della Luna on Fisher Island in Miami Beach. The unit sold for $17.4 million after 33 days on the Multiple Listing Service.
The second most expensive sale of the week was for unit 6883, also at Palazzo Della Luna. It sold for $10.7 million, or $2,249 per square feet, after 404 days on the market.
Here’s a breakdown of the top 10 sales from Dec. 27 to Jan 2.
Most expensive
Palazzo Della Luna 6885 | 33 days on market | $17.4M | $2,375 psf
Least expensive
Beacon Harbour Condo 101 | 161 days on market | $2.8M | $736 psf
Most days on market
Palazzo Della Luna 6883 | 404 days on market | $10.7M | $2,249 psf
Fewest days on market
Ocean Club 1501 | 5 days on market | $3M | $1,073 psf
