Miami-Dade Luxury Condo Sales Tumble 3rd Straight Summer From 2021 Peak

A review of the Miami-Dade County luxury condo sales statistics shows that prices were up nearly five percent on a year-over-year basis in the 2024 Summer Buying Season.

The average luxury condo traded for about $1,154 per square foot during the 2024 Miami-Dade County Summer Buying Season. (Photo courtesy of CVRRealty.com)

Miami-Dade County 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 increased, rising nearly five 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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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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