Has Miami become Unaffordable? - When it comes to real estate everyone is talking about prices, and how high they are today.
Since I love looking at real numbers, and real market data and sharing it with you… I am going to show you where prices are today and look at where prices were in 2019 to really give you some context on the numbers. We are going to separate single family homes and condos, in some of the most popular neighborhoods in Miami that I cover.
For single family homes - we cover Coconut Grove, Coral Gables, Pinecrest and South Beach.
For Condo's - we cover Coconut Grove, South of Fifth, Downtown Miami and Brickell.
I am Jose Laya — born and raised right here in Miami, and I have been selling real estate in this city for 20 years. I have seen every market cycle this city has gone through. And even I find these numbers remarkable.
Single Family Home prices have doubled and almost tripled in some of these neighborhoods since 2019. And we separate the non-waterfront homes and waterfront homes within each neighborhood as they act like two separate markets within one area.
Condo Prices have also doubled in some areas but the run up in prices was not as large as in single family homes which clearly shows where the demand is for today's Buyers.
In summary, every single neighborhood. Every single segment. Up — significantly — in just seven years. Watch the full video to learn more, and here are the quick timestamps for those who want it.
CHAPTERS:
0:00 - Has Miami become unaffordable?
0:54 - 2026 Prices for single family homes.
3:55 - Which neighborhood for single family homes has had the largest increase in prices?
5:48 - 2026 Prices for the Condo Market
7:07 - Which neighborhood for Condo’s has had the largest increase in Prices?
7:52 - Which neighborhood for Condo’s has had the least increase in Prices?
9:40 - What really caused such a huge increase in prices in Miami?
10:55 - Single Family Homes appreciated more than Condo’s
11:11 - Find more info and Video’s on your desired neighborhood
I cover every one of these neighborhoods and go in-depth with real market data, so If you want the full picture — we have them up in our channel.
And if you have questions — reach out directly. Always happy to help.
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