Is it a Good Time to Sell Your Miami Luxury Condo?

Selling Your Miami Luxury Condo | The Time has Never Been Better

The Miami luxury condo market is very strong right now, but this market is known to be cyclical. As we have always advised in the past: Sell when the market is high and nobody else is selling. We do not expect this market to go down, but it might be experiencing a slight correction at one point as prices cannot go up indefinitely. Many markets have experienced corrections in the past and it does not affect every condo owner equally. The condo market is pre-dominantly an investor-driven market and more likely to react strongly to macro-economic events. If you are an investor in the current market, this is the right moment to sell.

Is it a Good Time to Sell Your Miami Luxury Condo?

Our listing at Elysee in Edgewater sold above asking price just a week after listing it

How Can this Market Begin to Soften?

The market will soften when the demand decreases or when the supply increases. We do not see demand decrease any time soon, but there is an argument to make that prices cannot keep increasing indefinitely and at one point buyers will stop making offers or start offering below asking price. For this blog we want to focus on the increasing supply. At this moment there are 16 new luxury condos being constructed, many of which have just been announced. We have done the math and the 16 new luxury condos around town provide for a little less than 4,000 new residences. When given a choice, many buyers prefer a brand new condo over a resale condo.

The David Siddons Group has currently 10 units under reservation at different new construction projects around Miami, Fort Lauderdale and Pompano Beach.

Is it a Good Time to Sell Your Miami Luxury Condo? | 4000 New Condos Units will enter the market

There are about 16 new luxury condos entering the market and that is just in Miami, not including the new condos in Pompano Beach and Fort Lauderdale.

Is it a Good Time to Sell Your Miami Luxury Condo?
Is it a Good Time to Sell Your Miami Luxury Condo?

Is it a Good Time to Sell Your Miami Luxury Condo? Yes, our listing at Jade Ocean received 10 showing requests during the first weekend after listing it.

If you would entertain selling your Miami Luxury Condo for Top Dollar please contact the David Siddons Group at 305.508.899

David Siddons | 305.508.0899 |

David Siddons is a top producing Miami real estate agent with nearly $400M in yearly sales. David is known as a market analyst and he is the author of several of Miami’s most influential real estate reports and forecasts.


These are the most commonly asked Google Real Estate Related questions

1. What are the Current Best New Condos in Miami?

If you want to hear in more details our opinions on the best new Miami new construction condos. Please read this article:Best New Construction Condos 2022-2023

2. What is the best New Construction Condo in Fort Lauderdale?

In our opinion, the Residences at Pier Sixty-six are certainly the most interesting and unique. Already well underway this 32 Acre project will be home to the first of its kind Marina where owners will be able to anchor up vessels up to a staggering 400 ft! For specifics of this project see our independent review of this project.

3. How can I compare the new luxury construction Condos to the best existing Luxury Condos in Miami? 

Our Best Luxury Condos in Miami article will prove to be very useful to those looking to compare the existing to the new. You may also want to watch this video which shows the performance of the best Condos in Miami over the last 15 years!


For all our analytics we are agents driving some very unique and advanced tech. We Provide a granular and custom experience that empower our clients with the insight and tools to understand the most complex behaviors of any local markets.

  • Analytical

    Over 100 reports produced to date

  • Knowledgeable

    Over 1800 published articles and counting

  • Experienced

    Over $2 billion in real estate sales

David Siddons

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