Published by The Real Deal South Florida, April 20, 2021
Closed dollar volume jumped nearly $100 million in Miami-Dade County last week.
A total of 278 condos sold for $242.4 million last week, up from the 239 condos that sold for $147.5 million the previous week.
Units sold for an average price of $872,000, up from $617,000 the week prior. Condos sold for an average $440 per square foot, up from $411 per square foot.
The most expensive sale was for developer Ian Bruce Eichner’s penthouse at Continuum South Tower. The Miami Beach Condo sold on April 14, 2021 for $35 million, or $3,173 per square foot. Eloy Carmenate represented the Seller and Stephen Simpson represented the buyer. The Condo is a 4-Story Penthouse with 7 Bedrooms, 6 full Baths, 2 half Baths, Rooftop Terrace and private Pool, along with more than 6,000 Square Feet of outdoor living areas.
Miami’s ultra luxury Condo market is experiencing phenomenal success and sales have surged significantly.