It’s a buyers’ market for luxury South Florida properties. Here are 5 takeaways

South Florida’s luxury real estate market is experiencing a slowdown, creating a favorable environment for buyers in 2026. Experts suggest this could be an opportune time to negotiate deals, as developers strive to differentiate their projects in a crowded market.

FULL STORY: Here’s what to expect in South Florida’s luxury real estate market in 2026

Here are the highlights:

• The luxury real estate market in South Florida is currently oversupplied, particularly in condos, due in part to developers aiming for high price points to offset expensive land costs.
• The current market conditions favor buyers, who are encouraged to be aggressive in negotiations and leverage the slower transactional period to secure better deals.
• Buyers have become more discerning, favoring branded residences backed by well-known names, which serve as trust signals and appeal to international buyers.
• Developers are focusing on high-end amenities and wellness features to stand out, with projects like Cora Merrick Park in Coral Gables emphasizing health-focused offerings.
• Boutique-style developments are gaining popularity, allowing for detailed attention to luxury amenities, though some experts caution about potential high maintenance costs.

The summary points above were compiled with the help of AI tools and edited by journalists in the Miami Herald newsroom. The full story in the link at top was reported, written and edited entirely by Miami Herald journalists.