Miami's luxury condo market started 2025 on a strong note, with steady sales and record-high prices suggesting a balanced outlook. However, higher inventory levels and our expert  experience with our clients reveal that the market remains weighted towards buyers, where excess supply has been giving buyers the leading edge. In Q1 2025, the standout trend for Miami's $1 million-and-up market was the average price per square foot surpassing $1,000—a key milestone that shows sellers continued to receive good value, even within a buyer's market. However, signs of price saturation are beginning to emerge, especially in the investor-focused segment, indicating an impending correction within the parameters of Miami's new normal landscape. The $2 million-and-up market saw little pricing pressure, as is expected of luxury product. Price per Square Foot increased 8.5% to $1,562 from $1,440 in Q1 last year, while Days on Market only marginally increased.  In our neighborhood-wise analysis for...

South Florida’s luxury condo market saw a flurry of pre-construction activity along the Gold Coast, driven by continued demand from affluent buyers. OKO Group and Cain International made headlines with their proposal for Palm Beach’s first new condo in nearly 20 years, featuring a three-tower enclave fronting the ocean and the Intracoastal.  Also this month, Waldorf Astoria Residences Pompano Beach broke ground on its highly anticipated new condo development, bringing its storied luxury hospitality to the shoreline.  Read on to find out more about Related Ross’ waterfront development that will feature fitness and wellness offerings exclusively curated by Equinox, along with other updates in our April 2025 pre-construction luxury condo market round-up for Fort Lauderdale and Palm Beach. — April 2025 – Fort Lauderdale & Palm Beach Condo Pre-Construction Market at a Glance Broke Ground Waldorf Astoria Residences – Pompano Beach Glass House – Boca...

Steady sales and record-high prices for Miami condos priced $1 million and higher defined the first quarter of 2025, making Miami’s luxury condo market seem less a buyer’s market than it really is. Despite elevated inventory levels, consistent demand and strong pricing trends underscored the overall market climate, giving a mixed outlook. Key Statistics for Luxury Condos in Miami in Q1 2025 Closed Sales: 364 Year-over-year Change in Closed Sales: Flat-positive (364 vs. 357 sales in Q1 2024) Quarter-over-quarter Change in Closed Sales: Flat-positive (364 vs. 355 sales in Q4 2024) Median Sales Price: $1.8M Year-over-year Change in Median Sales Price: -4.7% ($1.8M vs. $1.88M in Q1 2024) Quarter-over-quarter Change in Sales Price: +5.3% ($1.8M vs. $1.71M in Q4 2024) Median Price/Square Foot: $1,080 Year-over-year Change in Price/SF: +9.2% ($1,080 vs $989 in Q4 2024) Quarter-over-quarter Change in Price/SF: Inventory: 22 months   Looking at a quick snapshot of the...

Brickell and Brickell Key offer two distinct takes on Miami living, both highly sought after, but each with its own rhythm and appeal. For professionals, investors, and anyone drawn to a dynamic, walkable lifestyle, these neighboring communities consistently rank among the city’s most desirable addresses.  But if you’re considering living in Brickell, choosing between them comes down to what you value most: the pulse of the city at your doorstep, or the privacy of a small island retreat just a bridge away from it all. Here’s what you need to know as you decide which address better fits your lifestyle. Lifestyle Miami’s high-powered Brickell neighborhood is known as the “Manhattan of the South.” If you’ve spent any time here, you know that Brickell moves with the rhythm of city life. It’s very walkable, so you’ll find the sights of towering glass buildings reflecting the nearby water, bustling streets, and a constant energy that attracts many international professionals who...

Step into a world where exquisite design meets legendary service. Join us for an exclusive look inside the sales gallery of the Ritz-Carlton Residences South Beach, where moody finishes, thoughtfully designed layouts, and the finest white-glove amenities reveal a lifestyle unlike any other—all set to unfold in one of Miami Beach’s most iconic and storied locations. In this video tour, Stephanie Bienstock, our Director of Luxury Sales, talks with Johnny Schiliro of The Ritz-Carlton Residences to share the elevated vision behind this exceptional beachfront development in South Beach’s historic district. With only 30 impeccably crafted sky homes slated for completion in 2028, this limited-edition collection of Ritz-Carlton Residences promises more than just ownership: it offers access to a legacy.   Limited Edition Beachfront Living Rising 15 stories, the Ritz-Carlton Residences South Beach will make a subtle yet commanding statement along Miami Beach’s coastline. Designed by...

As Miami eases into the sun-drenched rhythm of May, the city’s events calendar comes alive with a dynamic mix of pulse-raising performances and glamorous gatherings. From the thrilling spectacle of the Formula 1 Miami Grand Prix to the moving crescendo of the New World Symphony’s season finale—plus the stylish return of Miami Swim Week—, your social calendar will be set for a month of diverse experiences. Whether your passions lie in fast cars, fine wines, championship golf, or the latest runway trends, these handpicked May 2025 events in Miami will ensure you experience the very best of the season.   May 2 - 4: Formula 1 Crypto.com Miami Grand Prix 347 Don Shula Drive, Hard Rock Stadium, Miami Gardens Get ready for adrenaline in overdrive with the undeniable highlight of Miami’s May events! The Formula 1 Miami Grand Prix returns this spring, transforming Hard Rock Stadium into a high-octane playground for the motorsport’s elite. Think world-class racing, epic parties, A-list...