The month of May started with a bang for luxury condo sales, with an $8.5 million unit in South Beach taking the top spot for the most expensive sale in Miami-Dade County. Total sales across the county last week matched April’s monthly high of $90 million, signaling that the weather isn’t the only thing heating up in Miami, according to data from condo.com.
The $8.5 million sale was unit 3204 at the Continuum South Beach. It had been on the market for roughly four months before selling for a whopping $3,388 per square foot. Michael Candito of Candito Realty had the listing.
Prices stayed above $1.5 million for the week’s most expensive sales. Two units sold at the Continuum, the Santa Maria in Brickell and Ocean Two in Sunny Isles.
Total sales in the county reached $90.43 million over 217 condo sales. The previous week had 157 sales for $53.3 million. The average price per unit was $416,314 — nearly $100,000 more than the previous week — and $284 per square foot.
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