M
iami-Dade County's condo market saw a surge in sales volume and prices during the first week of December. Brokers closed 94 condo deals worth $79.6 million from Dec. 1 to Dec. 8, up from 83 sales totaling $54.1 million the previous week. The average sale price jumped to $846,364, compared to $651,882 in the prior week.
The average price per square foot also rebounded, rising to $587 from $465, according to Redfin data. Top 10 sales ranged from $252,000 to $1.6 million, with unit PH 5105 at Brickell Flatiron taking the top spot at $1.6 million. The sale closed at $1,294 per square foot after 52 days on market.
The second-highest sale was unit G204 at Villas of Miami Lakes for $350,000, or $324 per square foot after 62 days on market. Here's a breakdown of the top 10 sales:
* Most Expensive: Brickell Flatiron, unit PH 5105 in Miami ($1.6 million, $1,294 psf)
* Least Expensive: Las Vistas at Doral, unit 509 in Doral ($252,000, $355 psf)
realestate
Brickell Flatiron Condo Tops Miami-Dade Weekly Sales Charts
Miami-Dade Condo Sales Volume Rises in First Week of December with 94 Deals Totalling $79.6 Million.
Read More - realestate
realestate
Brown & Riding Names New Real Estate Practice Head
Veteran leader with industry expertise and regional insight
Read More - realestate
realestate
LA's affluent neighborhoods face gentrification threat from investors
Fires may exacerbate LA's affordability crisis, pricing out low-income residents and making the area exclusive to the wealthy.
Read More
realestate
LA's affluent neighborhoods face gentrification threat from investors
Fires may exacerbate LA's affordability crisis, pricing out low-income residents and making the area exclusive to the wealthy.