The Miami Beach Condo Market Report 2019
The Miami Beach Condo Market Report 2019 – The Last 6 Months (April till October 2019)
David Siddons and our Miami Beach real estate expert and resident Stefania Cambarau spent the week analyzing the Miami Beach condo market to provide our readers with a clear overview of what has happened in the last 6 months, what trends we are seeing and what we expect from this market in the months to come.
With Miami Beach we refer to 5th street till 87th street (South of Fifth is analyzed independently)
Observations in the Miami Beach Condo Market of $500k – $2M

- 657 Listings
- 159 Sales*
- 24 Months of inventory
The Rental Market
- Only 10% sold over $1,000 per SF
- Over 50% of the closed sales are between $500 and $900 per SF
- 40% of the closed sales happened below the $500 per SF marker
- The highest price per SF achieved was an exceptional $1,678 at W hotel, which can also be rented short term
Working Examples
The first two examples are sales in buildings that do not allow for short term rentals, while the last 2 examples do allow for monthly rentals
Observations in the Miami Beach Condo Market of $2M – $5M

This table is created over a slightly different time frame than the data collection below, therefore discrepancies between data might occur
- 113 Listings
- 16 Sales*
- 43 Months of inventory
The Rental Market
Working Example
4 Of the 16 sales happened at Il Villagio on 1455 Ocean Dr.The sale prices were on average around $1,500 per SF for 3 bedroom units with ocean views, while its 2018 sale prices were above $2,000 per SF. Unit #1509 (shown here) sold for $3,550,000 or $1,578 per SF
Observations in the Miami Beach Condo Market of $5M+

This table is created over a slightly different time frame than the data collection below, therefore discrepancies between data might occur
- 28 Active listings
- 1 Closed sale*
- 175 Months of inventory (this means 4 years to sell the current inventory, shall nothing else hit the market)
Working Example
PH 1612 at 1 Hotel and Homes , a 3 bedroom, 2,548 SF unit sold for$5,600,000 or $1,459 per SF after being listed for 262 days. The unit’s original listing price was $5,795,000