Miami Real Estate Report EXPOSES Split Market Creating Millionaire Realtors

Most real estate agents think the market is bad. But a new report shows something totally different.

The ISG World Miami Report has some surprising news. The Miami real estate market market isn’t bad – it’s just split in two. And this split is creating big chances for smart agents.

Here’s proof: Super expensive homes ($10M+) had 47 sales in 2024. In just the first half of 2025, they had 70 sales. That’s 49% more sales!

So while everyone complains about how “tough” things are, some agents are making more money than ever.

The secret? Smart agents focus on one thing instead of trying to do everything.

The Numbers Don’t Lie

Let me break down what this report really shows. The data tells a story that most agents are missing.

Luxury condo sales (over $1M) jumped from 200 units per month in early 2024 to over 400 units by mid-2025. That’s double the sales!

Average prices for ultra-luxury homes went up 15% since January 2025. They now average $17.8 million by June.

Florida added 1,280 new people every single day in 2024. These aren’t just any people – many are wealthy folks moving from high-tax states.

But here’s what most agents miss: not all properties are winning.

Old Buildings vs New Buildings

The report found something shocking about building age.

Condos over 30 years old are losing value fast. They’ve dropped 24% each year since 2023. These old buildings take 485 days to sell on average.

But newer buildings? They sell in just 93 days.

Here’s more proof: Old condos that sold for $370,000 in 2020 now sell for just $211,000 in 2025. That’s a huge loss!

Most agents treat all homes the same. They spend the same time on winners and losers. This is a big mistake.

Why This Market Split Happened

I’ve been watching this market for years. This split didn’t happen by accident.

Old buildings have big problems. Many need expensive repairs. Insurance costs are crazy high. Some can’t even get loans anymore.

The report shows 696 condo buildings in South Florida can’t get Fannie Mae loans. That’s almost half of all the bad buildings in Florida!

New buildings don’t have these problems. They’re built to today’s rules. They have better insurance. Banks love to lend on them.

Smart buyers know this. That’s why they pay more for newer buildings and avoid old ones.

Miami Inventory: Not Enough Homes to Sell

Luxury condos for sale dropped big time. In 2023, there were 363 for sale. In 2025, only 94 are for sale.

At the same time, there are 3 sellers for every 1 buyer in South Florida.

This creates a perfect chance for agents who know what they’re doing.

The problem? Most agents still use old tricks from 2019. But it’s 2025 now. The market has changed.

The Money Trail: Where Deals Are Happening

Let me show you where the smart money is moving.

Downtown Miami has 19,587 total condo units across 63 buildings. Most are newer construction that buyers actually want.

New construction is happening, but it’s smart construction. Only 13,862 traditional condo units are being built in 92 buildings. Compare that to the crazy 58,953 units built from 2001-2010.

Mortgage rates are dropping too. They went from 6.8% in Q2-2025 and banks think they’ll hit 6.3-6.5% by Q4-2025.

Stock markets hit record highs in July 2025. Rich people have more money to spend on real estate.

Real Estate Expert Analysis: The Real Opportunity

Here’s what I see that other coaches miss.

This isn’t a bad market. It’s a smart market. The market is telling us exactly what it wants.

It wants newer buildings. It wants quality. It wants properties that won’t have big problems later.

The agents making money right now understand this. They stopped fighting the market and started working with it.

They also know something else: Florida ranked #1 in economic growth for three years in a row. This state is still the place to be.

But you can’t succeed by doing what everyone else does. You need a plan that matches what’s actually happening.

What Smart Agents Are Doing Right Now

The best agents aren’t complaining. They’re getting really good at selling the homes that actually sell.

They focus on newer buildings. They understand the problems with old buildings. They become the expert people call when they need help with Florida condos.

They also know that rich buyers are still buying. Wealthy people keep moving to Florida from places like New York and California. They like Florida’s money benefits.

These agents also track the rental market. Rental rates dropped 8% this year because there are more apartments being built. Smart agents help investors understand this.

Realtor Action Plan: What You Need to Do

Stop doing what doesn’t work. Start doing what the data says works.

Here’s your step-by-step plan:

Step 1: Pick Your Lane
Choose newer buildings (under 30 years old) OR become the expert on older building problems. Don’t try to do both.

Step 2: Learn the Rules
Understand Florida’s new condo laws. Know which buildings have problems. Know which ones are safe.

Step 3: Build Your Database
Find wealthy people moving to Florida. These are your best clients. They have money and they’re ready to buy.

Step 4: Become the Expert
Study the buildings in your area. Know their age, their problems, their benefits. Be the agent who knows everything.

Step 5: Market Smart
Stop general marketing. Focus on luxury buyers or people who need help with older buildings. Pick one and be the best at it.

Most real estate agents tend to use the resources inside of PWRU to help them cary out their action plans in the current market.

The Specific Numbers You Need to Know

Here are the exact numbers that will make you money:

• Buildings under 30 years old: 93 days average sale time • Buildings over 30 years old: 485 days average sale time • Ultra-luxury sales: Up 49% in 2025 • Luxury inventory: Down 74% since 2023 • New Florida residents: 1,280 per day • Mortgage rates: Dropping to 6.3-6.5% by end of 2025

Use these numbers when you talk to clients. Show them why newer buildings are better. Explain why the luxury market is hot.

What You Should Do Next

The market isn’t bad. Your plan might be bad.

While other agents complain, you can use this information to work where the real chances are. Agents who change with this split market will do great. Those who don’t will keep wondering why they’re not making money.

I’ve seen agents double their income by following this data. I’ve also seen agents fail because they ignored it.

The choice is yours. But the facts are clear about where the best opportunities are waiting.

Stop making excuses. Start making moves. The data shows you exactly where to go.