Miami’s Upper East Side Condo Market Has 12 Months Of Resale Supply Listed

A review of the latest condo statistics shows the average asking price in Miami’s Upper East Side market is about $575 per square foot.

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. If you want the reports emailed to you, just sign up for the Miami Condo Market Intelligence Report With Peter Zalewski™ newsletter at: PeterZalewski.substack.com

Miami’s Upper East Side is in a buyers market for condos with about 12 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 Upper East Side is defined for this report as an area stretching from the Intracoastal Waterway west to Interstate 95, and Northeast/ Northwest 87th Street south to the Julia Tuttle Causeway. The submarkets of the Miami Design District, Little Haiti and Little River are all located in Miami’s Upper East Side.

In the 12 months of 2023, buyers purchased an average of nearly eight units per month for a total of about 93 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 Miami Upper East Side area is in a buyers market with a supply of about 94 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.

If you want the reports emailed to you, just sign up for the Miami Condo Market Intelligence Report With Peter Zalewski™ newsletter at: PeterZalewski.substack.com

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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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