Miami Real Estate Market Reports

Rock Solid Condo Market Fueled by Cash | Surfside and Bal Harbour Q1 and Q2 2023 Market Report

August 29, 2023

Rock Solid Bal Harbour and Surfside condo market fueled by cash Surfside and Bal Harbour Q1 and Q2 2023 Market Report. The Bal Harbour and Surfside condo market is very limited in its geographic size and number of units (currently less than 140 units for sale), compared to other condo markets on the beach like Miami Beach and Sunny Isles (respectively 700 and 340 units for sale above $500k). We always begin our market analysis with a close look at inventory levels compared to the market [...]

Miami Real Estate Market Reports News - Bal Harbour News - Surfside

South Miami Is Still Climbing! | South Miami Q1 & Q2 2023 Market Summary

August 29, 2023

South Miami Q1 & Q2 2023 Market Summary. So half of 2023 has officially flown by and here’s how I see the market today. Firstly, we still remain at record lows for inventory in South Miami. Inventory is around 2 months so we are still ways away from a balanced market where you would typically find inventory anywhere from 6-8 months. We are now seeing all of the new construction products entering the market above $1,000 per SF with highs in the $1,200/1,300 per SF [...]

Miami Real Estate Market Reports News - South Miami Q3 2023

Timing the Turn: Edgewater’s Condo Market Pivot | Edgewater Q1 & Q2 2023 Market Summary

August 29, 2023

Edgewater Q1 & Q2 2023 Market Summary. Edgewater Miami's real estate landscape is experiencing dynamic shifts, offering buyers and sellers an intricate market to explore. Although the inventory levels are balanced, currently holding 6.18 months of supply, it is crucial to understand how the new construction pipeline will impact these supply levels.  The current average price per square foot is $632, a 5% decrease from 2022. A standout trend is the significant surge in transaction volume in Edgewater. This growth, exceeding 90% from the previous [...]

Miami Real Estate Market Reports News - Edgewater Q3 2023

Surprising Trends and Remarkable Shifts | Brickell Q1 & Q2 2023 Market Summary

August 29, 2023

Brickell Q1 & Q2 2023 Market Summary. As the Brickell and Brickell Key condo market continues to undergo remarkable shifts, a question emerges: Who holds more leverage, buyers or sellers? As the market continues to overcome the challenging macroeconomic landscape, this success story is not uniform across all Brickell and Brickell Key, as certain pockets struggle with a surge in inventory levels, leading to prolonged periods for properties to secure buyers. The evolving market conditions have prompted discernible shifts in the behaviors of both buyers [...]

Miami Real Estate Market Reports News - Brickell Q3 2023

Downtown Miami’s Market Shifts and Investor Caution | Downtown Miami Q1 & Q2 2023 Market Summary

August 29, 2023

Downtown Miami Q1 & Q2 2023 Market Summary. In Downtown Miami, a transformative journey is unfolding, echoed by shifting market dynamics. The current inventory is 7.04 months, marking a substantial increase of over 55% from the previous year. This upward trajectory in supply has been accompanied by an average price of $577 per square foot, reflecting a noteworthy 6% uptick compared to the prior year. As we delve further into the market, we notice that the transaction volumes suffered a 27% decrease from the previous [...]

Miami Real Estate Market Reports News - Downtown Miami Q3 2023

Sellers Becoming Increasingly Realistic as Inventory Levels Rise | Miami Beach Q1 & Q2 2023 Market Summary

August 29, 2023

Q1 & Q2 2023 Miami Beach Market Summary | Single-Family Homes Miami Beach Q1 & Q2 2023 Market Summary The Miami Beach Family Home market is a tricky market that experts are trying to grasp as best as they can. Signs point towards a market that should be cooling however some sectors of the market continue to see record-breaking prices. For example, the luxury sector average sales price is up 11.6% from Q2-2022 despite the following factors: The number of sales is down just over 50% Up to 33 months [...]

Miami Real Estate Market Reports News - Miami Beach Q3 2023

Standing Strong against Mortgage Roller Coaster | Fort Lauderdale Q1 and Q2 2023 Real Estate Market Report

August 28, 2023

DIVE INTO OPPORTUNITY: Fort Lauderdale's Real Estate Market Holding Strong Fort Lauderdale Q1 and Q2 2023 Real Estate Market Report. As a seasoned real estate practitioner keeping watch on the Fort Lauderdale property landscape, it's apparent that the economic bedrock of Fort Lauderdale and Broward County remains steady despite the increasing lending rates. Buyers and Sellers searching for market confidence can anchor themselves in the robust economic indicators contributing to a thriving local economy. View our Fort Lauderdale Neighborhood Statistics Page Economic Insights The undeniable [...]

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“Never seen anything like this before!” | Coral Gables Q1 & Q2 2023 Market Summary

August 23, 2023

Coral Gables Q1 & Q2 2023 Market Summary. After two quarters of 2023, we see Coral Gables' inventory between just 2 to 4 months of inventory for homes priced up to $5m. Beyond $5m, inventory increases a little. Just 15% of Coral Gables listings are under $1,000 per sqft! In short, this is not a cheap market and is quickly pricing new home buyers under $2m out of the market. How about the new(er) house market? Well, basically it is down to zero! I have [...]

Miami Real Estate Market Reports Most Popular News - Coral Gables

Shockingly Low Inventory Creates Market Stand-Off | Coconut Grove Q1 & Q2 2023 Market Report

August 17, 2023

2023 Coconut Grove Q1 & Q2 Market Report Summary. It feels like shockingly low inventory is creating a market stand-off in Coconut Grove. In juxtaposition to low inventory, prices are not dropping and we are still seeing some record-breaking prices in some specific areas of Coconut Grove. According to our market statistics software, for the 2023 Coconut Grove Market Report end of Q2, Inventory sits at an average of just under five months. Although this does not seem much lower than last year what does feel [...]

Miami Real Estate Market Reports Most Popular News - Coconut Grove

Why the Miami Real Estate market cannot Correct. The Economic Truth with FIU Professor Eli Beracha

August 10, 2023

Is a Miami Real Estate Crash on the horizon? In this podcast, we sit down with Prof Eli Beracha and answer the questions that are on everyone's mind. Prof. Eli Beracha is a professor of Real Estate and Finance at FIU, which is now ranked number 1 in the world for real estate research.  We’ll discuss the current state of the Miami real estate market and the factors that are driving it, including the recent economic crisis.  Prof. Eli Beracha holds a Ph.D. in Finance with a concentration [...]

Eli Miami Real Estate Market Reports Q3 2023

Miami Shores Real Estate Market Update Q3 2023 | Advice for Sellers and Buyers

July 18, 2023

Welcome to our Miami Shores Real Estate Market Update. We give you our five main observations for this market and advice for sellers and buyers. 5 Observations Inventory levels are at the lowest for desirable homes in the best areas. Although the demand for new homes is high, the supply is limited. There aren’t many new construction homes on the market due to rising construction costs. In 2022 we saw a 34% increase in price/sqft compared to 2021. Although interest rates have been rising, we [...]

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Sunny Isles Real Estate Market Forecast | Miami Real Estate Market Predictions for 2023

March 23, 2023

Welcome to our Sunny Isles real estate market forecast. The Sunny Isles condo market is one of the two markets in which we see the highest uptick in inventory – the other is Brickell. We believe this increase in inventory is caused by a growing divide between overzealous sellers asking for ‘peak’ prices against a backdrop of the now cautious buyer. The market is one of Miami’s most volatile and elastic markets, as it is one of the most investor-driven and second homeowner markets in Miami. Some [...]

Miami Real Estate Market Reports Most Popular News - Sunny Isles