The Short Answer Between January 2023 and October 2026, 190 condominiums closed in Coconut Grove. The median sale was $1,660,000 at $829 per square foot for 1,900 square feet, after a median 74 days under contract. Sales ran from $315,000 to $16,740,000. The Grove is written about as a trophy market. The closed sales say […]
The Short Answer Between February 2024 and July 2026, 36 residences closed at Oceana Bal Harbour. The median sale was $6,350,000 at $2,530 per square foot for 2,337 square feet, after a median 218 days under contract. Sales ran from $2,300,000 to $29,000,000. Three findings here are worth more than the median, and two of […]
The Short Answer Between January 2023 and September 2026, 77 residences closed at Continuum on South Beach. The median sale was $5,700,000 at $3,021 per square foot for 1,862 square feet, after a median 93 days under contract. Sales ran from $1,400,000 to $23,900,000, a span of 17 times inside one gated oceanfront property. Three […]
The Short Answer On the Las Olas Isles, the houses for sale cost about twice what the houses that sell cost. Across 106 closings on the isles since January 2025, the median sale was $4,810,000. The 52 houses listed on the isles right now ask a median of $9,375,000. That is a ratio of 1.95 […]
The Short Answer Fort Lauderdale’s waterfront house market gets harder to sell the more you spend, and the gradient is steep enough to change how you should buy. Between $1 million and $3 million there are 3.4 months of inventory. Above $15 million there are 56. That is the same city, the same product type […]
The Short Answer A higher floor is worth about half a percent per floor, and the number is a fact about your building rather than about Miami. I found 193 pairs of closings in the same building, matched to within 5% on interior size and separated by at least ten floors. The higher residence sold […]
The Short Answer Miami’s selling season is real. It does not do what sellers think it does. Listing a luxury condominium between November and April gets it under contract about 50 days sooner than listing between May and October. It does not get a better price. Sellers who listed in the winter window collected a […]
The Short Answer On a Miami waterfront lot, a newly built house sells for 82% more per square foot of land than a house built before 2000. That is the price of not building. Held at the same house size, between 5,000 and 8,000 square feet of living area, new waterfront houses closed at a […]
The Short Answer Size does not slow a Miami condominium down gradually. It slows down all at once, at about 5,000 square feet. Below that line, a residence of 2,400 square feet and a residence of 4,800 square feet behave almost identically. Both take four to six months to go under contract, both close at […]
The Short Answer A $5 million budget buys 4,378 square feet in Aventura and 2,353 square feet in Bal Harbour. That is the same money for 86% more space. Both numbers come from the same nine months of closed sales in the same county. The Aventura figure rests on five closings and the Bal Harbour […]
Ashton Coleman | One Sotheby's International Realty
119 Washington Avenue Suite 102 • Miami Beach, FL 33139 • AColeman@onesothebysrealty.com
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