Miami Beach Condos Overpriced By 323% At Peak Of Winter Buying Season

Halfway through the 2024-25 South Florida Winter Buying Season, Miami Beach condo prices are significantly overpriced based on the “1% Rule” commonly used by investors.

The “1% Rule” can “help an investor gauge the risk and potential gain that might be achieved by investing in a property,” according to Investopedia. (Photo courtesy of Google Maps)

Miami Beach condo prices have skyrocketed to levels that greatly exceed potential rental income, highlighting a spectacular imbalance at the peak of the 2024-25 South Florida Winter Buying Season.

Unit prices have spiked by 74 percent since the 2019-20 Winter Buying Season, making it increasingly challenging for profit-driven investors who want to purchase units in Miami Beach.

At the halfway point of the 2024-25 South Florida Winter Buying Season, the Miami Beach condo market is overinflated by nearly 323 percent based on the “1% Rule” of real estate investing.

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The views and opinions expressed in this report are for general informational purposes only. It is believed to be accurate and complete based on current market trends but cannot be guaranteed or warranted as circumstances change without notice. It should not be considered as financial, legal, tax or investment advice. This content should not be relied upon as the sole basis for making any financial decisions. Before making any investment or financial decisions, you should consult with a qualified professional to determine the suitability of any investment or strategy for your individual circumstances and goals.

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