Q3 2024

PART 3 – 2024 MIAMI BEACH MARKET REPORT

September 9, 2024

Q1 – Q3 Miami Beach Neighborhood Trends in the Beach Areas This Miami Beach Neighborhood Trends report covers the areas of Miami Beach (from 5th street till 88th street, South of Fifth, Bal Harbour, Bay Harbor Islands, Surfside and Sunny Isles. Read part 1 of our 2024 Report: Overview and Most Asked QuestionsRead part 2 of our 2024 Report: Neighborhood Trends for the Mainland Part Three of our Miami real estate report goes one level deeper beyond part one’s initial City wide 2024 overview. Now [...]

Miami Real Estate Market Reports Most Popular Q3 2024

2024 Miami Beach Real Estate Market Trends & Forecast Q1-Q3

September 9, 2024

Dive into the latest Miami Beach real estate market trends complete with expert advice for buyers and sellers. This report covers the area of South Beach (5th street) all the way up to North Beach (88th street). MIAMI BEACH HOMES Miami Beach Housing Market OverviewSales Prices per SF 2023 vs 2024Miami Beach Housing Market Overview Sales Prices per SF 2023 vs 2024 Highlights for 2024. Miami Beach home prices per square foot have increased across all price ranges. High-end single-family homes ($5M–$10M) experienced a notable [...]

Miami Real Estate Market Reports Most Popular News - Miami Beach

2024 Surfside Condo Market Trends & Forecast Q1-Q3

September 9, 2024

Dive into the latest Surfside Condo Market trends complete with expert advice for buyers and sellers. Surfside Market OverviewSales Prices per SF | 2023 vs 2024Surfside Market Overview Sales Prices per SF | 2023 vs 2024 Highlights for 2024. Surfside condos are experiencing price increases across all price ranges except for the $1M-$3M range. The market is divided between older condos, mostly in the $1M-$3M range, and brand-new ultra-luxury condos in the $5M+ and $10M+ range. Notably, all sales in the $1M-$3M range that saw [...]

Miami Real Estate Market Reports Most Popular News - Surfside

2024 Bay Harbor Islands Condo Market Trends & Forecast Q1-Q3

September 9, 2024

Dive into the latest Bay Harbor Condo market trends complete with expert advice for buyers and sellers. Bay Harbor Condo Market OverviewSales Prices per SF | 2023 vs 2024Bay Harbor Condo Market Overview Sales Prices per SF | 2023 vs 2024 Highlights for 2024. The luxury market in Bay Harbor Islands is expanding, although in 2024 we saw just 15 sales in the $1M+ resale segment. Prices are rising quickly due to room for appreciation, thanks to its prime location near the beach and shopping [...]

Miami Real Estate Market Reports Most Popular Q3 2024

2024 Bal Harbour Real Estate Market Trends & Forecast Q1-Q3

September 9, 2024

Dive into the latest Bal Harbour real estate market trends complete with expert advice for buyers and sellers. Bal Harbour Market OverviewSales Price per SF | 2023 vs 2024Bal Harbour Market Overview Sales Price per SF | 2023 vs 2024 Highlights for 2024. The Bal Harbour condo market has significantly slowed down, particularly in price ranges above $3M. Although properties are spending less time on the market, inventory levels have risen to 23 months, reinforcing the strong buyer's market that was already in place in [...]

Miami Real Estate Market Reports Most Popular News - Bal Harbour

2024 South of Fifth Real Estate Market Trends & Forecast Q1-Q3

September 9, 2024

Dive into the latest South of Fifth real estate market trends complete with expert advice for buyers and sellers. South of Fifth Market OverviewSales Prices per SF | 2023 vs 2024South of Fifth Market Overview Sales Prices per SF | 2023 vs 2024 Highlights for 2024. South of Fifth remains a highly desirable market but is currently experiencing a buyer’s market, with inventory levels rising to 15 months from 13 months last year. While days on market have stayed relatively steady, there has been a [...]

Miami Real Estate Market Reports Most Popular News - Miami Beach

2024 Sunny Isles Real Estate Market Trends & Forecast Q1-Q3

September 9, 2024

Dive into the latest Sunny Isles Real Estate Market trends complete with expert advice for buyers and sellers. Sunny Isles Market OverviewSales Prices per SF | 2023 vs 2024Sunny Isles Market Overview Sales Prices per SF | 2023 vs 2024 Highlights for 2024. The Sunny Isles market has remained stable compared to last year in terms of inventory, listings, discounts, and days on the market. However, sales prices have increased across all price ranges. When examining inventory, there is a significant difference between properties under [...]

Miami Real Estate Market Reports Most Popular News - Sunny Isles

2024 Brickell Real Estate Market Trends & Forecast Q1-Q3

September 4, 2024

Dive into the latest Brickell real estate market trends complete with expert advice for buyers and sellers. Brickell Condo Market OverviewSales Price per Sqft: 2023 vs 2024Brickell Condo Market Overview Sales Price per Sqft: 2023 vs 2024 Highlights for 2024. The average condo price in Brickell increased modestly. By mid-2024, the average price per square foot for condos had risen slightly, reflecting the sustained demand in the area. Luxury condos, especially those with premium amenities and locations, saw stronger price retention and even growth, particularly [...]

Miami Real Estate Market Reports Most Popular News - Brickell

2024 Downtown and Edgewater Real Estate Market Trends & Forecast Q1-Q3

September 4, 2024

Dive into the latest Downtown and Edgewater real estate market trends complete with expert advice for buyers and sellers. Edgewater Market OverviewDowntown Market OverviewEdgewater Sales Prices per Sqft 2023 vs 2024Downtown Sales Prices per Sqft 2023 vs 2024Edgewater Market Overview Downtown Market Overview Edgewater Sales Prices per Sqft 2023 vs 2024 Downtown Sales Prices per Sqft 2023 vs 2024 Highlights for 2024. Downtown and Edgewater have both seen a drop in sales and an increase in inventory making it firmly a buyer's market. Luxury Sales [...]

Miami Real Estate Market Reports Most Popular News - Downtown Miami

2024 Palmetto Bay Real Estate Market Trends & Forecast Q1-Q3

September 4, 2024

Dive into the latest Palmetto Bay real estate market trends complete with expert advice for buyers and sellers. Palmetto Bay Market OverviewSales Price per Sqft: 2023 vs 2024Palmetto Bay Market Overview Sales Price per Sqft: 2023 vs 2024 Highlights for 2024.  We saw a significant increase in the number of sales (131 up from 101) in Palmetto Bay this year compared to last. We are now seeing 'new home sales in the market'. Two this year with an additional six on offer. This market has [...]

Miami Real Estate Market Reports Most Popular Palmetto Bay

2024 Key Biscayne Real Estate Market Trends & Forecast Q1-Q3

September 4, 2024

Dive into the latest Key Biscayne real estate market trends complete with expert advice for buyers and sellers. Key Biscayne Market Overview (Homes)Sales Price per Sqft: 2023 vs 2024Key Biscayne Market Overview (Homes) Sales Price per Sqft: 2023 vs 2024 Highlights for 2024. Key Biscayne home sales are up by around 20% from 2023. With more purchases happening we have also seen the most significant price per sqft rise from last year's figures and a drop in months of inventory. A numberof the most expensive [...]

Miami Real Estate Market Reports Most Popular News - Key Biscayne

2024 Coconut Grove Real Estate Market Trends & Forecast Q1-Q3

September 4, 2024

Dive into the latest Coconut Grove real estate market trends complete with expert advice for buyers and sellers. Coconut Grove Market Overview (Homes)Sales Price per Sqft: 2023 vs 2024Coconut Grove Market Overview (Homes) Sales Price per Sqft: 2023 vs 2024 Highlights from 2024. A focal neighborhood for relocating families from New York, California, and other states, which like Coral Gables has also seen a slowdown of migration largely due to limited space in private schools. In 2023 we saw many existing homeowners resistant to selling [...]

Miami Real Estate Market Reports Most Popular News - Coconut Grove