Sunny Isles Beach Condo Market Sputters As Resale Supply Swells To 21 Months

Sunny Isles Beach condo sellers are struggling to find buyers at the halfway point of the 2024-25 Winter Buying Season that stretches from November through April.

Sunny Isles Beach has nearly 21 months of condo supply listed for resale at the peak of the 2024-25 South Florida Winter Buying Season. Equilibrium is considered to be six months of supply. More months of supply suggests a buyers market and less months a sellers market.

The Sunny Isles Beach condo market is struggling amidst an oversupply of resale listings at the halfway point of the 2024-25 South Florida Winter Buying Season.

It is unclear at this point how the start of the 2025 Florida Condo Association Financial Cliff is impacting the City of Sunny Isles Beach market, which is defined as the Town of Golden Beach south to Haulover Park, and the Atlantic Ocean west to Biscayne Bay and/or the Intracoastal Waterway.

Adding to the uncertainty is a recent University of Miami study that identified more than 30 oceanfront condo towers – many of which are located in Sunny Isles Beach – that are reportedly “sinking” at “unexpected rates,” according to a recent Miami Herald report.

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As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006.

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

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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