🏡 Miami Market Trends Update: March 22 – April 21, 2025
As spring heats up, so does the Miami real estate market. From the shores of Miami Beach to the lush neighborhoods of Pinecrest, luxury buyers and sellers are actively shaping the landscape. Here's a quick snapshot of what’s happening across four key markets in Miami:
Miami Beach continues to lead the pack with 156 closed sales over the past month. The standout? A jaw-dropping $27.5 million sale, underscoring the area's global appeal to high-net-worth buyers. The average price per square foot jumped to $961, reflecting a 7.1% year-over-year increase—a sign that luxury inventory is still in high demand.
Known for its historic charm and grand estates, Coral Gables saw 62 closed sales, including a top sale of $15.8 million. The market here showed impressive appreciation with the average price per square foot reaching $834, marking an 11.8% YOY increase—the strongest growth among the four areas.
With its bohemian vibe and tree-lined streets, Coconut Grove remains a favorite among discerning buyers. There were 30 closed sales, with a high of $6.325 million. The average price per square foot rose to $907, up 6.3% YOY, signaling consistent upward movement in this sought-after enclave.
Pinecrest, known for its suburban feel and top-rated schools, recorded 16 closed sales and a highest sale of $5.415 million. The average price per square foot held steady at $767, showing no change year-over-year, which suggests a stable, balanced market—ideal for long-term homeowners.
Want to dive deeper into the numbers or see what’s happening in your specific neighborhood? Reach out—I'd love to help you navigate the Miami market with confidence. Message or call 786-514-8761.
