A Ranking Of Best, Worst South Florida Vintage Condo Markets For May 2025
This is ranking of 23 South Florida coastal condo markets based on active listings and pending sales of Vintage units in the tricounty region of Miami-Dade, Broward and Palm Beach.
What do the Miami neighborhoods of Coconut Grove, Little Havana and the Upper East Side have in common with wealthy enclaves of Fisher Island and West Palm Beach (Downtown - Island)?
All five are amongst the best coastal condo submarkets for Vintage units - at least 30 years old - in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach as of May 27, 2025, according to latest results of the Miami Condo Cliff Index™.
Check out the South Florida rankings at the bottom of this report.
Conversely, the worst coastal condo markets in South Florida are located in suburbs that are saddled down with scores of Vintage units that were built decades ago throughout the region.
The bottom five markets, in ascending order, are North Bay Village, Hollywood-Hallandale Beach, Aventura, Bal Harbour-Surfside-Bay Harbor Islands and Delray Beach-Boynton Beach.
The index - officially named the Miami Condo Association Financial Cliff Investors Index™ - was created on Jan. 1, 2025, to coincide with the start of Florida’s 2025 Condo Association Financial Cliff.
The Miami Condo Cliff Index™ is a weekly measurement that tracks the financial health and stability of the South Florida condo market based on active listings and pending sales for all condos and Vintage condos (at least 30 years old) in the tricounty region of Miami-Dade, Broward and Palm Beach.
Unlike traditional condo sales statistics that lag weeks or months behind, the Miami Condo Cliff Index™ tracks weekly fluctuations in active listings and pending sales, providing a realtime snapshot of the South Florida condo market.
This approach offers a forward-looking perspective, previewing trends that will be reflected in upcoming quarterly statistics.
Higher values indicate a stronger market and lower values suggest a weaker market.
Buyers should focus their attention on weaker markets to achieve deeper discounts while unit owners should only sell in stronger market to maximize sales pricing.
The Condo Cliff Index™ is calculated by dividing the number of pending sales in a geographical area into the number of active listings in that same area, and then multiplying by 100.
Club Member Exclusive: Please find below three charts comparing South Florida’s 23 coastal Vintage condo markets by index score, percentage change and alphabetical order.