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
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$2M+ tier: 203 sales (flat YoY); $1,544 PPSF (+6.3% YoY); 111 DOM. CondoBlackBook
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Standouts: Coconut Grove & Coral Gables led YoY sales (+8.8%), Fisher Island PPSF hit $2,369 (+15% YoY), Downtown remains the most accessible at $754 PPSF. DOM: 94 days overall; 53 days in Grove/Gables. CondoBlackBook
Why it matters for ULD Buyers
Ample selection and firm top-end pricing = strong leverage for buyers and clear premium for best-located, newly-delivered product.
Read the full Q2 analysis. CondoBlackBoo