Luxury Condo Sales Fall 3rd Straight Summer In South Florida

A review of the South Florida condo sales statistics shows less than 1,380 luxury units traded between May and October 2024 in this last Summer Buying Season.

The average luxury condo traded for about $1,059 per square foot during the 2024 South Florida Summer Buying Season. (Photo courtesy of Google Maps)

South Florida luxury condo transactions fell this year for the third consecutive Summer Buying Season since peaking in the 2021 season, according to an analysis of statistics compiled by CondoVulturesRealty.com.

As for pricing, the change in the average price per square foot for luxury condo units was negligible, rising less than two percent during the 2024 Summer Buying Season.

The Summer Buying Season traditionally extends from May through October when visitors and locals, alike, flee South Florida to avoid the humidity, hurricane warnings and limited number of events.

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If you are seeking information on condo resales in South Florida, please visit CondoVulturesRealty.com or call the office at 305.865.5859.

This information is provided for general informational purposes only, based on research, personal experience and interviews. It should not be considered legal advice, as we are not attorneys. While believed to be accurate and complete, this information is provided “as is” without warranty or guarantee of any kind.

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