Author: Catalina Solano

As someone who’s walked Miami’s neighborhoods for years, I’ve seen firsthand how creative reuse breathes new life into our city. Take the MiMo district: a beautifully restored 1953 hotel didn’t just preserve a piece of history—it helped ignite a wave of revitalization. That one project alone correlated with assessed values within a mile rising by about 45% over five years, outpacing the national average of 27%. In Miami, adaptive reuse isn’t limited to housing. I’ve watched projects like the Little River concept, where a museum and retail share space, and Midtown’s transformation of a 1962 warehouse for tenants, turn overlooked properties into vibrant community anchors. There’s real power in the emotional connection people feel to these familiar buildings; their authenticity draws visitors, tenants, and investors alike. While costs can sometimes run higher than new construction, Miami’s incentives—like tax abatements, grandfathered parking, and unique architectural features—often tip the balance, making these projects both rewarding and practical. It’s a reminder that our city’s story isn’t just in new developments, but in how we honor and reinvent the spaces we already have.

Having spent years navigating Miami’s real estate landscape, I continue to see strong interest from affluent and international buyers—especially in our coveted coastal and luxury neighborhoods. There’s real potential right now in properties where sellers have already shouldered some of the recent rise in ownership costs. For those considering condos, it’s essential to take a close look at HOA fees, insurance, reserves, and any planned building expenses—these details can make a big difference in your investment. Single-family homes present a distinct set of risks and rewards, often commanding a premium due to steady demand. My experience has taught me that a careful, strategic approach is key to making the most of Miami’s dynamic market.

As someone who’s helped clients navigate the South Florida real estate market for years, I’m seeing clear momentum as we move through 2026. The real story isn’t a lack of buyers—it’s that limited inventory is still setting the pace in our local neighborhoods. Mortgage rates in the low 6% range have brought some stability, and for those who come prepared, this environment can offer real opportunities.

In the luxury space, homes priced above $5 million are especially notable right now: there are about 488 single-family listings available, with around 43 selling each month, and condos changing hands at an average of 20 per month. Across the region, roughly 4,500 homes are currently on the market. About 10% of those are listed above $5 million, and another 10% are below $500,000—a snapshot that explains how a tight supply is helping to support home values.

If inventory remains constrained, we can expect upward pressure on prices to continue. It’s also worth keeping an eye on the upcoming property tax referendum, which could play a role in some owners’ decisions about making a move. Having worked through many market cycles in Miami and Fort Lauderdale, I find that understanding the data—and knowing how to act on it—makes all the difference for buyers and sellers alike.

As someone who’s worked the Miami real estate market for years, I’ve seen cycles shift, but the latest numbers really stand out: Miami homes are now selling for an average of about 5% below asking price. That puts our city at the top of the list for buyer discounts among major US markets. In fact, out of the top 50 housing markets nationwide, 38 are seeing homes close below list price—but Miami’s price cuts are the deepest. Even compared to the broader Southern region, where discounts average just 2% to 3%, buyers here have noticeably more negotiating power. For anyone considering a purchase in the Miami area, this is a clear signal: it’s a buyers’ market, and there’s real space to negotiate with sellers. Having navigated countless deals across all kinds of market conditions, I know how these numbers translate into opportunities for buyers—especially in a city as dynamic as ours.

Indigenous Peoples’ Day celebrates, recognizes, and honors the beautiful traditions and cultures of the Indigenous People
We take a stand for and support the indigenous people on this day.
We should also offer our support to those who invest and uplift the indigenous communities.