Here are the latest trends for April 2023 in a review of Miami luxury home and condo trends priced over $1m. We find monthly and year-over-year updates based on each property type.
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Miami is truly a world-class destination, attracting people from all over the globe with its warm climate, picturesque beaches, and lively culture. However, its allure as a city extends far beyond its beautiful scenery and to its real estate market. Miami’s luxury homes and condos offer residents a level of comfort and sophistication that is unmatched by many other cities. Miami real estate truly has everything from breathtaking oceanfront views to resort-style amenities. In addition to its luxurious properties, Miami’s vibrant arts and culture scene and world-renowned cuisine make it a haven for those seeking a high-end lifestyle. Combined with all of these factors, it’s easy to see why Miami is considered one of the most sought-after destinations in the world for luxury real estate.
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.
April 2023 was a Buyer’s market*
Home For Sale in April 2023: 536 homes.
| • | ⬇Down 1.3% compared to last month |
| • | ⬆Up 58.6% compared to last year |
Home Closed in April 2023: 64 homes.
| • | ⬇Down 26.4% compared to last month |
| • | ⬇Down 37.9% compared to last year |
Home Placed under Contract in April 2023: 86 homes.
| • | ⬇Down 11.3% compared to last month |
| • | ⬇Down 11.3% 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 and 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.
April 2023 was a Buyer’s market*
Home For Sale in April 2023: 1238 condos.
| • | ⬇Down 1.6% compared to last month |
| • | ⬆Up 32.8% compared to last year |
Home Closed in April 2023: 86 condos.
| • | ⬇Down 34.8% compared to last month |
| • | ⬇Down 59.6% compared to last year |
Home Placed under Contract in April 2023: 109 condos.
| • | ⬇Down 18% compared to last month |
| • | ⬇Down 41.7% 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. Overall, Miami truly provides the ultimate luxury living, whether you’re looking for a special oceanfront property or a sprawling mansion. Reach out here for more information about our South Florida residential real estate market.
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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).
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