Miami’s Little Havana Emerges As One Of Few Sellers Market For Condos

A review of the latest condo statistics shows the average asking price in Miami’s Little Havana is about $456 per square foot.

Miami’s Little Havana neighborhood is in a sellers market for condos with about four months of supply currently listed for sale near the end of the South Florida Winter Buying Season, according to an analysis of statistics compiled by CondoVulturesRealty.com.

Miami’s Little Havana neighborhood is defined for this report as Southwest 8th Street north to Florida State Road 836 and/or the Miami River, and Interstate 95 west to Southwest/ Northwest 37th Avenue. Little Havana is located west of Greater Downtown Miami, north of Miami’s Coconut Grove and east of Coral Gables.

In the 12 months of 2023, buyers purchased an average of nearly eight units per month for a total of about 92 units between January and December.

Based on the current active listings in the Multiple Listing Service – a database used by Realtors to market condos – the Little Havana neighborhood is in a sellers market with a supply of less than 35 units available for purchase.

We have crunched the statistics for the Year 2023 and plan on publishing a series of of reports during the next two weeks looking at the winners and losers in the secondary Miami-Dade County markets of Aventura, North Miami, Miami’s Upper East Side, North Bay Village, Miami’s Little Havana, Coral Gables and Miami’s Coconut Grove.

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This information is believed to be accurate and complete but cannot be guaranteed or warranted. For more information, please call 305.865.5859 or visit CondoVulturesRealty.com

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