Is the Miami Real Estate Market Slowing Down? Is It Still a Good Time to Buy?

What’s the latest with Miami’s Luxury Condo Market? Watch this video for a quick analysis backed by solid MLS numbers.

🎙️ In this video, Sep Niakan, founder of Blackbook Properties and Condo Blackbook.com, talks about how Miami’s luxury condo market continued booming in Q1 2022. You’ll also find answers to how the preconstruction market is in overdrive, whether we’re in another boom & bust cycle, and what we expect for the middle of 2022?

➤ Skip to key moments:
00:06 – Q1 2022 Miami Market Overview – Sales Stats, Prices, Inventory, Days on Market
01:36 – Miami’s Luxury Condo Preconstruction Market
01:57 – Another Boom & Bust Cycle?
03:05 – What do the Market Numbers Tell Us?
03:26 – Should you Buy or Sell?

💥 HIGHLIGHTS from Condo Blackbook’s Q1 2022 Miami Luxury Condo Market Report**:
➤ Overall luxury condo Sales at record-high in a first-quarter: 703 sales
➤ Luxury condo Price per Square Foot at record-high too: $940/Sq. Ft.
➤ Days on Market down to new low: 76 Days
➤ Inventory* down to new low: 7 months
➤ Q1 2022 sales were almost 3 times those of Q1 2021

*Months of Inventory indicates how long it would take to sell everything currently listed on the market, at the current pace of sales.
**For the purpose of Condo Blackbook’s luxury condo market reports, we only consider closed sales for Miami condos priced $1 million or higher. Pre-construction condo sales are not considered.

Here’s a quick look at what’s driving more people to Miami →
➤ The Business – Our crypto-friendly, pro-business, and no-income-tax policies are attracting buyers from every nook of the world.
➤ The Outdoors – Our great beaches and year-round warmth have always been coveted amongst snowbirds and staycationers but are now pulling in more digital nomads (read remote workers).
➤ The Global Luxury – Our luxury condos, nightlife, shopping, dining, art, and culture scene have all been upgraded to match, if not beat, international standards.

For more information, read our Comprehensive Q1 2022 Miami Luxury Condo Report →

Have an opinion? Leave a comment below; we’d love to hear it!

👍 Like and SUBSCRIBE for more insider views on Miami condos and lifestyle!
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😎 MUST WATCH videos about the best MIAMI NEIGHBORHOODS TO LIVE IN
Living In EDGEWATER, Miami’s Best Kept Secret Neighborhood, Edgewater – The Best of Miami Neighborhoods? → Get to know Edgewater – Miami, Florida 2021
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😎 MUST WATCH videos about MIAMI PRECONSTRUCTION PROJECTS

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📣 Are we friends on Social Media? 📣
Follow us on our Instagram @blackbookproperties!

Looking at Miami-area condos or homes?
Use our free property search:
https://www.condoblackbook.com

For the latest news on new Miami luxury condo developments, pre-construction buying opportunities, or real estate advice, check out our expert articles at:
https://www.condoblackbook.com/blog

Contact Me:
Sep Niakan
Founder, Condo Blackbook & Owner/Broker, Blackbook Properties
FL DRE BK3102146
(305) 697-7667
Email:
www.blackbookproperties.com

#miamicondomarket







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