The Miami Beach single family home market has seen a 33% increase ($2.8M in October 2020 to $3.8M in October 2021) year-over-year based on average sales price. Plus, the Miami Beach condo market has seen a 33% increase year-over-year ($683K in October 2020 to $907K in October 2021).
The numbers don't lie- single family home and condo unit inventory continue to remain at an all-time low. Conversely, buyer demand remains an all-time high.
With the recent lift of the travel bans, we have an influx of international buyers from South America, Europe, and Canada coming to Miami in search of their dream home.
Art Basel is the kick-off event for Miami's high season, and out-of-town buyers are falling in love all over again with Miami through the lens of all the breathtaking art on exhibition.
Click here or on the photo below to download the November 2021 TRENDS Market Report, with exclusive insider real estate data for Florida's Southeast Coast.