South of Fifth, Miami Beach — Higher prices and more closings in the 2nd Quarter of 2026. The data tells the full story.
In this video I break down exactly what happened in the South of Fifth Condo Market in the 2nd Quarter:
Month by Month, the 1st Quarter vs 2nd Quarter, and what it all means for Buyers and Sellers right now.
And here are the numbers...
📊 Total Closings:
1st Quarter 2026 = 46
2nd Quarter 2026 = 65
That is up 41% — the strongest quarter over quarter closing increase of any condo neighborhood I cover.
📊 Days on Market:
1st Quarter 2026 = 86 Days
2nd Quarter 2026 = 89 Days. Essentially flat.
📊 Active Listings:
1st Quarter 2026 = 183
2nd Quarter 2026 = 161
Active listings actually went down from Q1 to Q2, and it seems like this was due to the higher number of Closed Sales. Great signs of a healthy market.
📊 Months of Supply:
1st Quarter 2026 = 12 Months
2nd Quarter 2026 = 7 Months. Down 42%.
The market tightened significantly from one quarter to the next.
📊 Price Per Square Foot:
1st Quarter 2026 = $1,148
2nd Quarter 2026 = $1,538. That is up 34%.
📊 Median Sold Price:
1st Quarter 2026 = $1,407,500
2nd Quarter 2026 = $1,835,000. That is up 30%.
🏆 Top Sale of the Quarter:
$23,500,000 — Icon South Beach — Penthouse, over 7,000 Square Feet of interior living space plus over 10,000 Square Feet of outdoor space with a private pool, sold for $2,600/Sqft. Truly a One-of-One.
This Penthouse was originally brought to market at $54 Million, and was on and off the market for over 2.5 Years — and ultimately sold for $23.5 Million. A reminder that even the most exceptional properties must be priced where the market is to transact.
More closings, less inventory, tighter supply, higher price per square foot, and a higher median sold price — every single metric moving in the right direction in the same quarter. That combination is rare in any market. In South of Fifth — already the most exclusive condo market in Miami — it confirms that the demand for this neighborhood is real.
📍 I cover South of Fifth and a few other Miami Condo neighborhoods I specialize in with real data, real numbers, and 20 years of experience behind every stat I share. If you want to stay ahead of what is happening in this market — Subscribe.
❓ Questions about buying or selling in South of Fifth? Drop them in the comments or reach out directly. I am always happy to help.
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