Miami Real Estate Market Analysis
Trend analysis &
special situations in Miami real estate.
Miami real estate on fire as capital relocates, 9.5x $1M+ condo sales in Q1 2022 versus pre Covid
April 28, 2022
There is a fundamental disconnect between supply & demand in the Miami and Miami Beach condo markets. Inventory has steadily risen across market segments, all while transaction volume has dropped off. Higher price points are the worst offenders. The Miami $1M+ market saw a 147% increase in supply since 2013, while sales dropped 32% in the same period
Corona Fuels Widening Wealth Gap in South Florida Real Estate
July 21, 2020
There is a fundamental disconnect between supply & demand in the Miami and Miami Beach condo markets. Inventory has steadily risen across market segments, all while transaction volume has dropped off. Higher price points are the worst offenders. The Miami $1M+ market saw a 147% increase in supply since 2013, while sales dropped 32% in the same period
Black swans, magic unicorns and fantasy land: the Miami condo market in 2020
March 4, 2020
There is a fundamental disconnect between supply & demand in the Miami and Miami Beach condo markets. Inventory has steadily risen across market segments, all while transaction volume has dropped off. Higher price points are the worst offenders. The Miami $1M+ market saw a 147% increase in supply since 2013, while sales dropped 32% in the same period
Q3 2019 Supply & Demand Report: Miami Condos & Miami Beach Condos
November 18, 2019
There is a fundamental disconnect between supply & demand in the Miami and Miami Beach condo markets. Inventory has steadily risen across market segments, all while transaction volume has dropped off. Higher price points are the worst offenders. The Miami $1M+ market saw a 147% increase in supply since 2013, while sales dropped 32% in the same period
Q2 2018 Miami Beach Condos: Records $3M+ Sales, Luxury Condos at 2013 Prices
July 27, 2018
Q2 2018 saw a record number of $3M+ condo transactions in Miami Beach. After years of declining sales volume, sellers are starting to meet buyers. The oceanfront luxury condo market is starting to clear at 2013 prices, and high profile hedge fund managers are leading the way.
Miami Beach Top 10 Condo Sales – Q1 & Q2 2018
July 27, 2018
2018 Q1 & Q2: The top 10 Miami Beach condo sales ranged from $8.7M - $26M. The second quarter saw a record number of $3M+ sales, as buyers negotiated significant discounts. The top ten sales averages a 29% discount off of their original list price and took an average of 503 days to sell. Post has interactive map and table.
South Beach shines, Flamingo historic district disappoints
May 7, 2018
There is an ongoing debate over the value of preservation and historic districts. What has been lacking in this discussion…
Miami Condo Bubble: The cash buyer is disappearing
April 17, 2018
The early 2000s Miami boom was fueled by liar loans, but this cycle was fueled by the cash buyer. Miami Beach condo transactions have declined sharply for 4 straight years. 91% of the decline is due to the disappearance of the cash buyer from the Miami real estate market. Meanwhile, debt is getting more expensive.
Miami Beach: Historic Preservation is Driving Out the Middle Class
April 13, 2018
Miami Beach's older housing stock never recovered from the last market downturn. "Historic" 1950s and 1960s buildings are being passed…
Miami Beach is losing rental buildings while demand is growing
April 9, 2018
The supply of Miami Beach multi family properties has declined by over 15% since 2010, while demand is increasing. Spotlight on North Beach: the neighborhood is in early sages of revitalization. Real estate opportunity: take advantage of under-supply in Miami multi family + neighborhood upside.
In The Press: South Florida Business Journal, North Beach Opportunities & Obstacles
March 18, 2018
Thank you South Florida Business Journal for giving me the opportunity to contribute to the discussion on Miami Beach development…
