Miami condo market data

Miami Condo Data · Coconut Grove

A monthly, citable snapshot of the Miami condominium market: sales volume, prices, and building-inspection pressure across the neighborhoods own.miami tracks.

For Dec 2025Every condo sale across 1 tracked Miami neighborhoods.
Neighborhood
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December 2025, ready to quote

The month in sentences you can paste straight into a story: each copy carries its citation.

  1. 1
    Coconut Grove condo sales totaled $391.14M in the 12 months through December 2025, up 17.4% from the prior 12 months ($333.04M).

    The numbers: December 2025 · trailing 12 months: $391.14M (n = 232 sales) · December 2024 · prior 12 months: $333.04M (n = 213 sales)

  2. 2
    The top Coconut Grove condo sale of December 2025 was $14M at Two Park Grove (Coconut Grove).

    The numbers: Two Park Grove · December 2025 · top sale: $14M

  3. 3
    11 of the 50 Coconut Grove condo buildings own.miami tracks reach a structural milestone inspection within 2 years under Florida's SB-4D law.

    The numbers: buildings entering the milestone window: 11

Cite as
Source: own.miami Data Room, December 2025, https://own.miami/data/2025-12?n=coconut-grove
Permanent link to this month
Condo sales volume
$38.25M
+125.9% vs. prior month−9.3% YoY
Closed sales
16
+33.3% vs. prior month−5.9% YoY
Median sale price
$1.39M
+3% vs. prior month−24.9% YoY
Median price / sq ft
$1,312/sqft
+55.7% vs. prior month+23.3% YoY
Median days on market
64
Active inventory
—
Months of supply
—

Source: Own Miami, https://own.miami/data

Based in part on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS® for the period November 1, 2023 through November 1, 2026.

Market movers

Standout activity this month across the condos we track, free to quote.

Only on own.miami

Verified-records datasets

Numbers nobody else publishes: read from the Miami-Dade Clerk, the court docket, Florida DBPR, HUD and the VA, building by building, then rolled up. Aggregates only, never a loan, lender, buyer, party or unit.

Live snapshot as of Nov 1, 2026, not tied to the report month.

How Miami condo buyers pay

From mortgages and deeds recorded over the last 12 months in 51 tracked condo buildings.

Sales with a bank purchase mortgage
23%
56 of 245 recorded sales
Median down payment
30%
across 56 bank purchase loans
Financed buyers putting less than 20% down
14%
the rest put 20% or more down
First mortgages from private or non-bank lenders
12%
of 113 first mortgages recorded
Down payment accepted by regulated lenders
Under 10%
3.6%
10–19%
11%
20–29%
32%
30–49%
46%
50% or more
7.1%

Government-backed loans: 1 of 53 buildings are on HUD’s FHA-approved condo list today and 0 on the VA’s; 0 FHA or VA loans were recorded in 12 months.

14 of 51 buildings are financeable at ordinary terms (Financeability Index strong or good). Building-by-building financeability →

The bank-financed share is a floor: a loan we could not pair to its deed is not counted, so “no bank mortgage” includes cash, private and seller financing. Down payments are read from loans a regulated lender wrote and paired to the sale price.

Checked against the public record

46 buildings were searched in the Miami-Dade Clerk’s official records and Florida DBPR within the last 90 days.

Came back clean
70%
32 of 46 buildings: no liens, lawsuits or regulatory complaints on file
Something on file
14
14 buildings with at least one reviewed adverse record
  • Special assessment in force (per the building’s own listings)3 buildings
  • Listings state no special assessmentfewer than 3
  • City of Miami 40-year recertification 2+ years overdue or plan lapsed5 buildings
  • City of Miami 40-year recertification completedfewer than 3
  • Open or disciplined DBPR complaintfewer than 3

Liens, lis pendens and association collections count toward a building’s verdict but are never published by kind or by building. Every reading is reviewed before it counts.

What condo associations are in court over

Civil cases involving the associations of 46 buildings, from the Miami-Dade court docket, classified by type and reviewed.

Buildings with an active building lawsuit
2
3 active cases
  • Construction-defect, structural or developer suitsfewer than 3
  • Only routine liability (slip-and-fall, employment)fewer than 3

Florida DBPR, the condominium regulator: 3 of 46 associations drew a complaint in 36 months: 3 complaints, 1 still open, 0 closed with discipline.

Counts only. Cases still awaiting review are left out, and types seen in fewer than 3 buildings are not shown. DBPR investigations are confidential and never counted.

Cite as: own.miami Data Room, Nov 1, 2026 (CC BY 4.0).

Year to date

Through Dec 2025
Condo sales volume
$391.14M
+17.4% YoY
Closed sales
232
+8.9% YoY
Median sale price
$898K
−10.2% YoY
Median price / sq ft
$777/sqft
−0.6% YoY

Median sold price per sq ft, monthly

$593$755$916Jan 2024May 2024Sep 2024Jan 2025May 2025Sep 2025

Source: Own Miami, https://own.miami/data

Based in part on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS® for the period November 1, 2023 through November 1, 2026.

own.miami Condo Index

Our proprietary index prices every condo building per square foot against the market: 100 = the median Miami building ($713/sqft), 200 = twice that. Median building in this view: 146.

BuildingNeighborhoodIndexMomentum$/sq ft
Vita At Grove IsleCoconut Grove328-66$2,614/sqft
Two Park GroveCoconut Grove274-23$2,376/sqft
One Park GroveCoconut Grove265+98$2,686/sqft
Mr. CCoconut Grove249+85$1,882/sqft
Club Residences at Park GroveCoconut Grove246+45$2,197/sqft
Grovenor HouseCoconut Grove222+45$1,859/sqft
Grove at Grand Bay NorthCoconut Grove209-47$2,128/sqft
Grove at Grand Bay SouthCoconut Grove2070$2,331/sqft

Building health

Special-assessment outlook across tracked towers, as shown on each building page, building age under Florida SB-4D, active-listing disclosures and verified public records (a City of Miami recertification on file moves a tower out of Elevated). An estimate, not an inspection finding. The median is the Health axis of the own.miami Building Score.

Clear · 13 Watch · 15 Elevated · 22Median health score: 100

Buildings facing structural milestone inspections

11 of 50 tracked condo towers hit a Florida SB-4D inspection milestone within 2 years: 3 facing a first 25-year inspection and 8 due for a recurring 10-year review.

Tracked towers by decade built
Before 1980
10
1980s
6
1990s
8
2000s
13
2010s
6
2020s
7

A milestone is a mandated inspection deadline set by a building’s age, not a finding that a building is unsafe. Estimate from public building age under Florida SB-4D (coastal Miami: first milestone at 25 years, then every 10). Not an inspection record, verify any specific building with its association.

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For journalists

Figures are compiled from Miami MLS closed-sale records for condominiums at every price across the 1 neighborhoods own.miami tracks: the whole condo market, not only the listings on own.miami, which start at $450K. Each sale is counted once (per MLS listing) in the calendar month it closed. Sales volume is the sum of closed prices; medians are per closed sale. Month-over-month and year-over-year changes are shown only when both months cover the same neighborhoods, where a neighborhood’s full history starts later, the comparison is withheld rather than letting the change in coverage pass for a market move. Active inventory is live: condos listed for sale today at every price, excluding towers not yet delivered; months of supply divides it by the average monthly resale closings over the 12 months ending with the report month. Building health follows each building page: age under Florida SB-4D (first milestone at 25 years on the coast, then every 10) plus verified public records such as a City of Miami recertification on file.

This data is free to cite and republish with attribution to Own.Miami (own.miami).

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Updated Dec 2025 · Source: Own Miami, https://own.miami/data

Based in part on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS® for the period November 1, 2023 through November 1, 2026.