realestate

Murano Condo Sales Lead Miami-Dade Market in Weekly Numbers

Miami-Dade Condo Sales Volume Drops Amid $75 Million Closing at Murano at Portofino.

C
ondo sales in Miami-Dade County took a dip last week, with a total of 120 units sold for $75 million from September 29th to October 6th. This is a decrease from the previous week's $93.8 million in sales. The average price per unit was $625,291, down from $656,812 the week before. However, the average price per square foot rose to $501 from $475.

    The top sale of the week was at Murano at Portofino in Miami Beach, where Unit 301 sold for $6.9 million after 183 days on the market. This works out to a price of $2,036 per square foot. The second-highest sale was at Millennium Tower Residence in Miami, where Unit 57E sold for $4.5 million.

    Here's a breakdown of the top 10 sales:

    * Most Expensive: Murano at Portofino, unit 301 ($6.9 million)

    * Least Expensive: Roney Palace, unit 537 ($1.29 million)

    * Highest Price Per Square Foot: Murano at Portofino, unit 301 ($2,036 psf)

    * Lowest Price Per Square Foot: The Peninsula II, unit 2306 ($495 psf)

Miami-Dade condo sales lead market with strong numbers at Murano development.