Grove at Grand Bay closes tops weekly condo sales in Miami-Dade

Miami-Dade County condo sales surged last week. Total sales, dollar volume, average sale price and price per square foot all rose.

Brokers closed 163 condo sales totaling $140 million last week, compared to 116 sales totaling $82 million the previous week.

Units sold for an average price of $860,000, higher than the $706,000 from the week prior. The average price per square foot rose to $526 from $505, according to data from condo.com. Last week, condos closed after an average of 69 days on the market.

Grove at Grand Bay unit LPHS at 2675 South Bayshore Drive in Miami’s Coconut Grove took the top spot with a $19.3 million closing. The sale equated to $2,024 per square foot after 333 days on the market. Angel Nicolas with Compass represented both sides of the deal.

For the top 10 sales, prices ranged from $2.7 million to $19.3 million.

Source: The Real Deal