Miami Condo Market Heats Up in March

Miami’s condo market saw a significant surge in sales activity in March, with total sales value reaching $694 million, a jump from $559 million in February. This growth trend extends to the number of sales closed, with 796 transactions compared to 704 in February.

Key Takeaways:

  • Total condo sales value: $694 million (up from $559 million in February)
  • Number of condo sales closed: 796 (up from 704 in February)
  • Median sale price: $455,000
  • Median price per square foot: $460

Price Range:

  • March condo sales ranged from a record-breaking $44 million for a unit at Four Seasons Residences at the Surf Club to a more affordable $80,000 for a unit in Star Lakes Estates.

Record-Breaking Sale:

  • The priciest condo sale in March was a unit at Four Seasons Residences at the Surf Club, selling for a staggering $44 million and $6,587 per square foot.

Other Interesting Sales:

  • The condo market offered a variety of options, with the cheapest sale being a unit in Star Lakes Estates at $80,000 ($60 per square foot).
  • The newest building with a sale was Aurora Sunny Isles, with a unit selling for $3.15 million.
  • The oldest building with a sale was Mercury South Beach, built in 1921, with a unit selling for $590,000 ($766 psf).

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