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Condo sales rebound in Miami-Dade after Thanksgiving

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Condo sales rebound in Miami-Dade after Thanksgiving

As reported in The Real Deal.

Condo sales and closed dollar volume rebounded in Miami-Dade County after dropping during Thanksgiving week.

A total of 186 condos sold for $116 million last week, up significantly from the 88 condos that sold the previous week for $39 million.

Condos sold for an average price of about $443,000, or $345 per square foot.

The most expensive sale was for penthouse 7292 at Oceanside V on Fisher Island in Miami Beach. The unit sold for $20 million, or $3,241 per square foot after 361 days on the market. 

The second most expensive sale of the week was for unit 5A at Faena House. It sold for $11.5 million, or $2,431 per square foot, after 750 days on the market. 

Here’s a breakdown of the top 10 sales from Nov. 29 to Dec. 5.

Most expensive
Oceanside V Fisher Island PH 7292 | 361 days on market | $20M | $3,241 psf 

Least expensive
Kenilworth 1004 | 232 days on market | $1.8M | $673 psf 

Most days on market
Faena House 5A | 750 days on market | $11.5M | $2,431 psf 

Fewest days on market
Grovenor House 2804 | 15 days on market | $2.65M | $1,004 psf