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Annual & Q4 2024 Miami Beach Luxury Condo Market Repor (From Google Doc)

Despite shifting toward a buyer’s market, Miami Beach ended 2024 on a strong note. In Q4, sales momentum surpassed projections, with both annual and quarterly volumes increasing. While some segments saw slight price pressure, there were no signs of a major downturn.

Annual & Q4 2024 Miami Beach Luxury Condo Market Report

Despite shifting toward a buyer's market, Miami Beach ended 2024 on a strong note. In Q4, sales momentum surpassed projections, with both annual and quarterly volumes increasing. While some segments saw slight price pressure, there were no signs of a major downturn. Highlights on this report include Fisher Island emerging as the strongest market in Miami Beach with the highest year-over-year sales growth in Q4, while Mid-North Beach topped annual sales trends. Fisher Island remained South Florida's most expensive zip code for luxury condos, both quarterly and annually. Meanwhile, the modest Mid-North Beach market was the fastest-moving in Q4. Dive into our in-depth analysis for year-over-year insights on how each Miami Beach neighborhood performed against one another and the broader Miami luxury condo market in Q4 and throughout 2024. For this report, Miami Beach sub-neighborhoods include South Beach, Mid-Beach, North-Beach, Sunny Isles Beach, Surfside, Bal Harbour, and Fisher Island. Also, this luxury condo submarket report only features properties priced at $1 million and above.

Watch Miami’s Best Airbnb-Friendly Pre-construction Condos: Where Luxury Fuels Profit

If you’ve set your sights on Miami for your next second home, but are facing the choice between leaning into luxury or prioritizing rental revenue, we’ve got great news: with the right guidance, you’ll find that lifestyle and income don’t have to be mutually exclusive.