Miami-Dade Real Estate Market Soars: 97 Sales Totaling $74.1 Million in Last Week of January 2024

By Brosda and Bentley Realtors

During the last full week of January, Miami-Dade County witnessed an upswing in condominium sales, reflecting a positive trend in the real estate market. Brokers successfully closed a total of 97 condo sales, amounting to an impressive $74.1 million in transactions from January 21st to January 27th. This marked a notable increase compared to the preceding week, wherein 81 condo sales were concluded, totaling $70.6 million.

The condominium market showcased its diversity in terms of pricing and location, with notable transactions highlighting the range of options available. Notably, the highest-priced condo per square footage was finalized in Miami Beach, specifically at the Monad Terrace, fetching an impressive $6,500,000 or $2,445 per square foot. This sale underscores the premium attached to properties in sought-after areas such as Miami Beach.

A significant transaction unfolded at Aria on the Bay in Miami, where the most expensive condo was successfully sold for $7.5 million. This transaction contributes to the overall robustness of the high-end condominium segment in Miami-Dade County.

Further adding to the diversity of transactions, a noteworthy sale occurred at Casa Del Mar in Key Biscayne. A condominium in this locale fetched $1,680,000 after spending a mere 6 days on the market. This swift transaction at Casa Del Mar highlights the demand for well-positioned properties, even in a short timeframe.

In summary, the increased number of condo sales in the last week of January, coupled with the variety of transactions across different price points and locations, indicates a resilient and dynamic real estate market in Miami-Dade County. Investors and industry observers will likely monitor these trends closely as they navigate the evolving landscape of the local condominium market.

If you’re looking for a real estate agent in Miami, I encourage you to contact Brosda & Bentley Realtors. We’re here to help you find your dream home and make your life in Miami an unforgettable experience.

💎 Visit our Website: brosdaandbentley.com
📞 Contact Us: (305) 788–9393

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