Market Brief: Older Miami Condos Are Selling Faster Than New Builds

by Thiwanthi G | Sep 3, 2025 | Luxury Properties, New Properties

Source: Miami Herald (Jul 24, 2025) What’s Happening The Herald reports older Miami-Dade condos are selling faster than newer ones. Miami Herald Underlying data (MIAMI REALTORS®): 30+ year buildings averaged 62 days on market vs. 79 days for <29-year...

Market Brief: Q2-2025 Miami Luxury Condo Snapshot (Buyer’s Market; Prices Resilient)

by Thiwanthi G | Sep 1, 2025 | Luxury Properties, New Properties

Source: CondoBlackBook (Aug 1, 2025) Key stats (luxury = $1M+) Closed sales: 418 (-9.9% YoY, +14.5% QoQ). Median price: $1.9275M (+10.1% YoY). Median PPSF: $1,027 (+3.1% YoY; -4.7% QoQ). Inventory: 19 months. CondoBlackBook $2M+ tier: 203 sales (flat YoY); $1,544 PPSF...

Market Brief: Foreign Purchases of U.S. Homes Surged—Florida #1

by Thiwanthi G | Aug 29, 2025 | Luxury Properties, New Properties

Source: CondoBlackBook (Aug 1, 2025) Key stats (luxury = $1M+) Closed sales: 418 (-9.9% YoY, +14.5% QoQ). Median price: $1.9275M (+10.1% YoY). Median PPSF: $1,027 (+3.1% YoY; -4.7% QoQ). Inventory: 19 months. CondoBlackBook $2M+ tier: 203 sales (flat YoY); $1,544 PPSF...

Market Brief: Foreign Buyers Dominate Miami’s New-Condo Market

by Thiwanthi G | Aug 27, 2025 | Luxury Properties, New Properties

Source: Homes.com (Jul 30, 2025) Key stats (luxury = $1M+) In the 18 months to June 2025, international buyers purchased 2,688 of 5,460 new-construction condos across Miami-Dade/Broward/Palm Beach. Home Downtown Miami (43%) and Brickell (60%) had the highest...

Market Brief: Latin American Buyers Now Nearly Half of Miami New-Condo Sales

by Thiwanthi G | Aug 25, 2025 | Luxury Properties, New Properties

Source: Miami Herald (Aug 5, 2025) Key stats (luxury = $1M+)   The Herald reports Latin American buyers drive nearly 50% of Miami’s new-condo sales, reflecting capital preservation, cultural ties, and cash-friendly purchasing. Miami Herald Underlying market...

The Transformation of Miami’s Skyline: A Focus on the Waldorf Astoria Residences

by Thiwanthi G | May 28, 2025 | Luxury Properties, New Properties

Architectural Marvels on the Rise Miami’s skyline is experiencing an exciting transformation with the emergence of several luxury high-rise developments, notably the Waldorf Astoria Residences in both Miami and St. Petersburg. As the city evolves, these projects are...