High resale inventory in older buildings (often 17+ months of supply) provides significant leverage for buyers willing to handle potential assessments.
Miami Beach Condo Market Report: Q1 2026 Analysis As of April 2026, the Miami Beach condominium market has transitioned into a "scarcity story," diverging sharply from the broader Miami mainland. While the market as a whole is stabilizing, the Beach is experiencing its first inventory contraction since 2023, with trophy oceanfront properties reaching record pricing. condo miami beach buy
Always review the building’s reserve funds and recent structural reports. Newer buildings (<30 years) often have zero carrying costs until delivery but higher initial PPSF. High resale inventory in older buildings (often 17+
These properties, such as Five Park Miami Beach (entry ~$1.5M) and Perigon Miami Beach (targeting $3,500/sq ft), command massive premiums. They are favored for their compliance with post-Surfside safety regulations and modern reserve funding. Always review the building’s reserve funds and recent
$1,222,071 (a record high, up 28.8% year-over-year).
Averaging 113 days, providing buyers more time for due diligence than in previous peak years. The "Two-Tier" Market Dynamic
Tightening significantly, with active listings down 17.7% and a 14.6-month supply (improved from 16.0 months in late 2025).