Miami Beach Real Estate Sales | Summer vs. Winter Season

The old adage that summer months are dead in Miami ended many years ago. Summer months are strong and may actually be a better time period in selling premier real estate than the winter months when things ‘cool’ off. Right now the weather is gorgeous and the time when many love to visit Miami. Its 77 degrees & Sunny today with an exuberance felt with the changing season. Snow Birds are beginning to flock here for these winter months with the majority of luxury seasonal rentals absorbed.

Miami Beach Luxury Condo Sales (Over $500k):

(NOV 1st to APR 30th as Winter | MAY 1st to OCT 31st as Summer)

2014 Summer – 379 Total Condo Sales | Median Sale Price $820,000 | Median Sale Price Per Square Foot $697
2013 Winter – 408 Total Condo Sales | Median Sale Price $860,000 | Median Sale Price Per Square Foot $692
2013 Summer – 451 Total Condo Sales | Median Sale Price $791,000 | Median Sale Price Per Square Foot $630
2012 Winter – 382 Total Condo Sales | Median Sale Price $863,750 | Median Sale Price Per Square Foot $691
2012 Summer – 348 Total Condo Sales | Median Sale Price $967,500 | Median Sale Price Per Square Foot $688
2011 Winter – 322 Total Condo Sales | Median Sale Price $775,650 | Median Sale Price Per Square Foot $606
2011 Summer – 315 Total Condo Sales | Median Sale Price $775,000 | Median Sale Price Per Square Foot $585

Miami Beach Luxury Home Sales (Over $1M):

(NOV 1st to APR 30th as Winter | MAY 1st to OCT 31st as Summer)

2014 Summer – 116 Total Condo Sales | Median Sale Price $2.225M | Median Sale Price Per Square Foot $648
2013 Winter – 89 Total Condo Sales | Median Sale Price $1.750M | Median Sale Price Per Square Foot $594
2013 Summer – 108 Total Condo Sales | Median Sale Price $1.914M | Median Sale Price Per Square Foot $580
2012 Winter – 95 Total Condo Sales | Median Sale Price $1.9M | Median Sale Price Per Square Foot $506
2012 Summer – 66 Total Condo Sales | Median Sale Price $2.350M | Median Sale Price Per Square Foot $618
2011 Winter – 58 Total Condo Sales | Median Sale Price $1.943M | Median Sale Price Per Square Foot $604
2011 Summer – 53 Total Condo Sales | Median Sale Price $2.4M | Median Sale Price Per Square Foot $590

ONE Sotheby’s International Realty is the #1 brokerage company for luxury condo & home sales within these categories. What this winter season holds for South Florida in area sales, only time will tell but the demand seems to be strong year round in Miami Beach.

If you would like to discuss Miami real estate, call me at 305.978.7704 or send me a note here. Contact me for the very best properties along Miami Beach, Sunny Isles Beach, Aventura, Bal Harbour, Surfside, North Bay Village and South Beach. I also cover the premier areas of Coconut Grove & Coral Gables. If you would like to schedule a showing, please contact my office at 786.27.DREAM or toll free at 888.38.DREAM to make an appointment. Gain access to the latest in news, listings, trends, sales & statistics by signing up to the Monthly e-Newsletter to the right.

I know Miami Beach Real Estate. If you are interested, or know someone interested in buying or selling a home in Sunny Isles Beach, it’s essential to work with someone who knows the neighborhood. As this year comes to an end and Miami’s inventory begins to rise both physically and at a speculative future value, I believe prices may show favor in selling. We remain in a seller’s market with buyers worldwide looking at luxury real estate in Miami.

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Miami Beach Real Estate Sales | Summer vs. Winter Season