Strongest $10M+ Luxury Years Ever
South Florida Records One of Its Strongest $10M+ Luxury Years Ever
As someone actively working in South Florida real estate, I pay close attention to market signals that reveal where confidence, capital, and opportunity are moving. One statistic from 2025 stands out clearly:
According to the MIAMI Association of Realtors, the region closed 361 ultra-luxury home sales above $10M in 2025, second only to the record-breaking pandemic year of 2021. That averages out to nearly one $10M+ sale per day—a powerful indicator of sustained demand at the highest end of the market.
Why Luxury Buyers Keep Choosing South Florida
This surge isn’t accidental. From what I see on the ground, buyers are drawn by a combination of lifestyle, financial strategy, and long-term confidence.
Key drivers behind the continued strength:
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Ongoing wealth migration from states like California and Washington
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Strong job growth and expanding tech and fintech presence
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Florida’s tax advantages and pro-business environment
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Global appeal of Miami’s weather, beaches, and cultural growth
Million-Dollar Sales Continue to Rise
Luxury demand isn’t limited to the $10M+ tier.
In Miami-Dade County:
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$1M+ single-family home sales rose 12% year-over-year
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$1M+ condo sales increased 2.45%
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Total Miami-Dade sales climbed nearly 6% year-over-year
This shows strength across multiple luxury price bands, appealing to both end-users and investors.
International Buyers Remain a Major Force
One of the most important trends I see—especially in new construction—is the continued influence of international buyers.
Nearly 49% of South Florida new construction and pre-construction sales were purchased by international buyers, according to MIAMI REALTORS global reports. Buyers from more than 70 countries are active in our market, reinforcing Miami’s position as a truly global real estate destination.
Prices Adjust, But Long-Term Growth Remains Strong
While median prices softened slightly year-over-year in late 2025, long-term appreciation tells the real story:
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Miami condo prices are up 102% over the last 10 years
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Single-family home prices are up nearly 145%
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Home equity gains in Miami are almost double the national average
This kind of appreciation continues to attract buyers focused on wealth preservation and long-term upside.
Inventory Still Below Pre-Pandemic Levels
Even with more listings coming to market, inventory remains constrained:
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Total Miami-Dade inventory is 17% below pre-pandemic levels
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Single-family homes sit at a balanced 6.2 months of supply
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Condos reflect a buyer’s market, offering negotiating opportunities
For buyers, this means opportunity—but only when paired with smart strategy and local insight.
What Should Buyers and Sellers Do in 2026
From my perspective, South Florida is entering 2026 with:
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Strong luxury demand
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More informed buyers
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Selective sellers
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Increased global interest
For buyers, preparation and timing matter more than ever.
For sellers, pricing, presentation, and marketing strategy are critical.
For sellers, pricing, presentation, and marketing strategy are critical.
Conclusion
South Florida continues to prove itself as one of the most resilient and desirable real estate markets in the world—especially at the luxury level. The data confirms what many of us are seeing firsthand: confidence in this market is real and global.
If you’re considering buying or selling in Miami, Biscayne Park, or greater South Florida, understanding these trends—and acting on them correctly—makes all the difference.
Phone: 786-457-8001
Email: [email protected]
Residential & Luxury Real Estate
Where experience, data, and strategy meet
Email: [email protected]
Residential & Luxury Real Estate
Where experience, data, and strategy meet
