September 20, 2018
Miami’s Condo Market Is Winding Down. But There Are Exceptions
MIAMI–The once-hot Miami condo market generally continues to wind down with a few exceptions — such as the recent sale of an upper penthouse at CMC Group’s Brickell Flatiron tower for a record-breaking $13.2 million, the highest price paid for a condo in the submarket since 2007, according to a report.
Still evidence of the winding down is clear: There have been no new condo projects announced this year.