Last week, total condo sales amounted to almost $162 million. This was an increase from the previous week, when the total was $154 million. However, sales volume dropped to 237 units from 285. The total increase because there were two huge Fisher Island home closings that upped the sales total.
On average, last week’s condo sales averaged at about $683,000. This was up from $543,000 the prior week. The biggest closings were both at Palazzo Della Luna in Fisher Island. Unit 6873 sold for $11.5 million. This was around $2,400 per square foot after only 17 days on the market. Furthermore, another unit in the building (6834) also sold for $9.9 million after spending 26 days on the market.
From August 1, to August 7, these were the two biggest condo sales in Miami-Dade. As far as the least expensive luxury property during that period, it was a PH unit at Villa Biltmore. After spending 775 days on the market, unit PH303 sold for $2.4 million.
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