Here are the latest trends for March 2023 in a review of Miami luxury condos and homes priced over $1m. We find monthly and year-over-year updates based on each property type.
Miami is one of the world’s most exciting and sought-after destinations. Its combination of beautiful weather, stunning beaches, and vibrant culture make it an ideal location for those seeking a high-end lifestyle. Miami luxury condos and estate homes offer residents unparalleled comfort and elegance, with various amenities catering to the most discerning buyers.
Miami Coastal Homes $1m+
Today’s Miami luxury homes for sale offer various options, sustaining different preferences and lifestyles. With a variety of living options to choose from, whether you’re looking for a waterfront estate or a modern mansion, numerous homes are available in Miami. These luxury homes offer the ultimate privacy, comfort, and style, making them a top choice for those seeking a luxury lifestyle.
March 2023 was a Buyer’s market*
Home For Sale in March 2023: 541 units.
|•||⬇Down 2.7% compared to last month|
|•||⬆Up 78.5% compared to last year|
Home Closed in March 2023: 63 units.
|•||⬆Up 18.9% compared to last month|
|•||⬇Down 50% compared to last year|
Home Placed under Contract in March 2023: 88 units.
|•||⬆Up 11.4% compared to last month|
|•||⬇Down 26.7% compared to last year|
Miami Luxury Homes are in high demand, offering residents a luxurious and sophisticated lifestyle. These homes feature high-end finishes, spacious layouts, and premium appliances. They are designed with the utmost attention to detail, providing residents with an unmatched lavish lifestyle. Miami luxury homes for sale offer breathtaking views of the city and ocean but also provide access to amenities such as private pools, outdoor kitchens, and 24-hour security.
*A buyer’s market has more than 6 months of inventory based on closed sales.
Miami Coastal Condos $1m+
Miami Luxury Condos are among the most luxurious properties in the world, offering an unmatched level of sophistication and comfort. These condominiums feature high-end finishes, premium appliances, and state-of-the-art technology. They are designed with the utmost attention to detail, providing residents with a lavish lifestyle that is second to none. Miami Luxury Condos offer breathtaking views of the city and ocean and access to an array of amenities such as private pools, spas, fitness centers, and 24-hour security.
March 2023 was a Buyer’s market*
Home For Sale in March 2023: 1303 units.
|•||⬆Up 1.1% compared to last month|
|•||⬆Up 34.3% compared to last year|
Home Closed in March 2023: 111 units.
|•||⬆Up 27.6% compared to last month|
|•||⬇Down 61.6% compared to last year|
Home Placed under Contract in March 2023: 129 units.
|•||⬇Down 6.5% compared to last month|
|•||⬇Down 48% compared to last year|
Miami Luxury Condos for sale are available in various sizes and styles, catering to different preferences and lifestyles. Whether you’re looking for a cozy studio or a sprawling penthouse, numerous options are available in Miami. These luxury condos are designed to impress and provide residents with the ultimate living experience. They offer a perfect blend of convenience, comfort, and style, making them a top choice for those seeking a luxury lifestyle.
*A buyer’s market has more than 6 months of inventory based on closed sales
The Miami Lifestyle
The Miami lifestyle offers residents comfort, elegance, and sophistication. Our latest selection of condos, homes, and penthouses are designed with the utmost attention to detail, providing residents with a lavish lifestyle that is second to none. With various options available, a Miami luxury condo or home suits every preference and lifestyle. All in all, Miami truly provides the ultimate luxury living, whether you’re looking for a cozy oceanfront studio or a sprawling mansion. Reach out for more information about our South Florida residential real estate market.
Stop Searching. Start Living.
An expert in South Florida coastal properties, my specialty areas include South Beach, Miami Beach, Sunny Isles Beach, Aventura, Bal Harbour, Bay Harbor Islands, Surfside, Miami Shores, Hollywood, Brickell, Downtown, Wynwood-Edgewater-Midtown, Key Biscayne, Bay Harbour Islands, Coconut Grove, Coral Gables, and Fort Lauderdale (East of US1).
When researching South Florida homes, luxury condos, Miami penthouses, off-market properties, investment opportunities, or relocation assistance for your family and team, I’ll have it customized and ready for you. Contact me for a curated list of properties, and let’s discuss your ideas and vision for South Florida.
Connect with me…
At Sotheby’s, Your Vision is Our Inspiration.
You have ONE life to live. You should expect the most from it. At ONE Sotheby’s International Realty, we are inspired by giving extraordinary lives a home to thrive. Many know Sotheby’s International for its brand heritage, prestige, propensity for perfection, and, quite simply, immense global reach. As curator of luxury real estate, it’s my pleasure to connect you with the world’s best real estate brand. We have a vast global network of friends & colleagues who offer a bespoke experience wherever you reside. Locally, I offer exceptional real estate and client services with the leading firm, ONE Sotheby’s International Realty.
Technology & Resources
The Miami Beach Real Estate Blog is an excellent resource for South Florida residential real estate data and property information. Check back often to learn about Miami real estate opportunities & trends.
- Jade Condos Sunny Isles Beach
- What’s My Home Worth Today?
- Marketing Your Property
- Marketing Presentation
- Join the VIP group
- Client Reviews
- Sotheby’s the Auction House
Who You Are
You are a client, not a customer. You can expect confidentiality and risk assessment with accurate information to build your net worth as a client. Knowledge is protection.
- Clients are under the protection of a professional.
- Customers purchase a commodity or service.