MARKET UPDATE
South Florida & Miami's housing market is strong. Despite challenges such as inventory shortages and rising mortgage rates impacting the market, Miami's housing market continues to attract buyers, especially those from high-density, high-taxed regions. The presence of cash buyers and consistent price appreciation position Miami as a resilient and attractive real estate destination.
Miami ranked No. 2 in the U.S. for Most Attractive Market for Investment
& No. 2 in the U.S. for Top 10 Markets for Total Property Returns via 2024 U.S. Investor Intentions Survey
SNAPSHOT | MIAMI NEIGHBORHOODS
A V E N T U R A
New Listings
241
151 last month
Sold Listings
66
70 last month
Average Sale Price
$738,318
$712,187 last month
List vs Sold Price
94%
unchanged from last month
B A L H A R B O U R
New Listings
29
18 last month
Sold Listings
5
unchanged from last month
Average Sale Price
$1,570,400
$1,964,400 last month
List vs Sold Price
95%
91% last month
G O L D E N B E A C H
New Listings
1
2 last month
Sold Listings
1
unchanged from last month
Average Sale Price
$8,650,000
$5,500,000 last month
List vs Sold Price
96%
81% last month
M I A M I B E A C H
New Listings
492
335 last month
Sold Listings
133
131 last month
Average Sale Price
$1,410,619
$1,044,656 last month
List vs Sold Price
93%
94% last month
S U R F S I D E
New Listings
26
19 last month
Sold Listings
14
3 last month
Average Sale Price
$3,404,643
$745,000 last month
List vs Sold Price
92%
unchanged from last month
N E W S

The St. Regis Residences, Sunny Isles Beach, Miami, has launched sales of the much-anticipated North Tower, marking another milestone following the success at 80% sold South Tower, which started converting reservations to contracts in May of 2023.





Serial entrepreneur Ken Seiff has purchased a Miami-area condo for $24 million, according to people familiar with the deal.


JDS Development Group and Mercedes-Benz have revealed Mercedes-Benz Places in Miami, a 67-story, mixed-use residential project was designed by SHoP Architects where construction is already underway with an expected completion in 2027.



The ultrawealthy are looking for a better lifestyle and strong investment when it comes to buying their next home, according to a new study.



As awards season marches on, celebrities are parading across our screens with their hard-won loot –– little golden gramophones, globes, and figurines. The ultra-wealthy — the Larry Ellison, Jeff Bezos, and Ken Griffins of the world — have their own trophies they compete for. But the prizes don’t fit in a display case.

T H E J O E L L E T E A M


I am grateful to be named the #1 agent at our office in Surfside. I could not have achieved this without my team
THE JOELLE TEAM

Teamwork truly makes the dream work, and I couldn't be prouder of our collective efforts.
U L T R A L U X U R Y P R O P E R T I E S F O R S A L E
WATERFRONT SINGLE-FAMILY HOMES

98 La Gorce Cir

Miami Beach

7 Bedroom 13 Bath 14,060 SQ FT (btv)

$75,000,000

Request A Private Showing

9401 Journeys End Rd

Coral Gables

7 Bedroom 10 Bath 12,159 SQ FT (btv)

$69,900,000

Request A Private Showing

398 Harbor Dr

Key Biscayne

3 Bedroom 3 Bath 1,806 SQ FT (btv)

$19,900,000

Request A Private Showing

586 Sabal Palm Rd

Miami

7 Bedroom 6 Bath 5,964 SQ FT (btv)

$18,340,000

Request A Private Showing
N E W D E V E L O P M E N T P R O J E C T

📍North Bay Village - Miami, FL

The newest luxury bayfront condominium in Miami's exclusive North Bay Village. The project represents the unveiling of Continuum 2.0 – the second-ever Continuum branded residences, and the latest addition to the Miami portfolio of visionary developer Ian Bruce Eichner, renowned in South Florida for his role in creating the iconic Continuum South Beach and transforming the South of Fifth neighborhood into what it is today. Continuum Club & Residences is slated to break ground in the winter of 2024

The curated development will feature 198 residences. The beautifully designed one, two, three, and four-bedroom homes and penthouses start at just under $1,000,000.
E V E N T S I N M A R C H
MONTREUX JAZZ FESTIVAL MIAMI

MIAMI OPEN 2024

MIAMI MUSIC WEEK 2024

P A R T N E R S C A L E N D A R S

LOS ANGELES | SAN DIEGO | TORONTO | SANTA BARBARA

SAN FRANCISCO | DENVER | WASHINGTON D.C. | SONOMA

WASHINGTON D.C. | ORANGE COUNTY | SEATTLE | HOUSTON

GREENWICH | PARK CITY | SACRAMENTO | SANTA FE | PORTLAND

EAST OF SAN FRANCISCO | SEATTLE | CHIGAGO | RALEIGH

Joelle Oiknine
Senior Global Real Estate Advisor
Ranked Top 1.5% Nationwide

ONE Sotheby's International Realty

9588 Harding Ave, Surfside, FL, 3154
119 Washington Ave, Miami Beach, Fl 33139
© MMXXII Sotheby’s International Realty Affiliates LLC. All Rights Reserved. Sotheby’s International Realty Affiliates LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office is Independently Owned and Operated. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks licensed to Sotheby’s International Realty Affiliates LLC.

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