Aston Martin Residences Owners Scramble To Unload Condos In New Miami Project

In this issue of the Miami Condo Market Intelligence Report™, we rank the condo projects in the Miami Central Business District submarket with the highest and lowest percentage of units for resale.

Volume 2025, Issue 28 (Subscribe here)

For this week’s Miami Condo Market Intelligence Report™ newsletter, we are sharing some of the intelligence discovered with our extensive research of the Central Business District of Greater Downtown Miami.

We spent the last week examining the Central Business District submarket in anticipation of our Miami Condo Correction Walking Tour™ on July 12, 2025, of a 16-block stretch from the Miami River north to the Gen. Douglas MacArthur Causeway.

Our next Miami Condo Correction Walking Tour™ of the Central Business District is scheduled for 10 am Saturday, Sept. 13, 2025.

Our three-hour tours are designed to educate buyers on how to identify discounted condos, analyze opportunities and purchase units. During our tours, we walk about four miles at a moderate pace with stops along the way.

The Central Business District - or Downtown - is one of three submarkets - along with the Brickell Avenue Area and the Biscayne Boulevard Corridor - that together comprise Greater Downtown Miami.

For context, Greater Downtown Miami is defined as the Eddie Rickenbacker Causeway north to the Julia Tuttle Causeway, and Biscayne Bay west to Interstate 95.

Our research shows that Miami’s Central Business District now has nearly 25 months of condos listed for resale during the 2025 South Florida Summer Buying Season, which stretches from May through October, according to a new report.

Industry watchers consider equilibrium to be about six months of supply with less months of inventory suggesting a sellers market and more months a buyers market.

The average asking price of a Miami Central Business District condo is more than $1.6 million per unit and or about $1,012 per square foot as of July 10, 2025, according to CondoVulturesRealty.com.

In the busy 2024-25 South Florida Winter Buying Season, condos in the Miami Central Business District submarket traded for an average price of about $802,000, according to the research.

The spread between the asking price and the closed sales price means, condo sellers are asking more than a 100 percent premium on units in the Miami Central Business District.

Generally, sellers ask about 20 percent more than the average transaction price with the expectation that the pricing difference - or spread - will be negotiated down in order to complete a deal.

In these situations, many buyers will typically ask to split the difference, meaning a 10 percent premium is common.

When the asking prices are more than 20 percent above the average transaction prices, it generally means one of two things:

• Sellers are confident that demand is strong and buyers will pay up for units;

• Or sellers want to unload their units but need a particular price to recoup their investments.

As part of our research, we ranked the Miami Central Business District condo projects with the most and least units listed for resale.

Generally, about 10 percent of the units in a condo project are always listed for sale.

Industry watchers consider a condo project to be experiencing a sellers market when less units are listed for sale. Conversely, a buyers market typically exists when more units are available for purchase.

Here are the condo projects in the Miami Central Business District submarket with the highest percentage of units listed for resale:

1. Aston Martin Residences (+/-23.9 percent)

2. Natiivo Miami / Gale Residences (+/-17.6 percent)

3. The Elser (+/-15.8 percent)

4. One Thousand Museum (+/-14.3 percent)

5. Paramount Miami Worldcenter (+/-13.8 percent)

Here are the condo projects in the Miami Central Business District submarket with the lowest percentage of units listed for resale:

1. 900 Biscayne Bay (+/-2.0 percent)

2. Loft Downtown 2 (+/-3.0 percent)

3. Wind (+/-3.9 percent)

4. Marquis (+/-4.2 percent)

5. Marina Blue (+/-4.3 percent)

The Miami Central Business District submarket is comprised of 34 condo projects - proposed, planned, under construction or completed - with more than 14,000 units.

The Miami Central Business District submarket represents about 24 percent of the units in the Greater Downtown Miami condo market, which is comprised of 204 condo projects and nearly 59,000 units, according to our proprietary research.

We are pleased to offer a portion of our research for free to our newsletter subscribers and MiamiCondo.Club readers, providing a glimpse into our insights.

For full access to our comprehensive reports, statistical charts, virtual Monthly Meetings and exclusive MeetUp events, we invite you to join the Miami Condo Investing Club™.

The Club's mission is to foster a community that shares realtime, actionable intelligence on the latest real estate trends, emerging opportunities and trusted service providers throughout South Florida.

Whether you are a Do-It-Yourself (DIY) condo buyer or a seasoned real estate professional, the Club provides invaluable resources, including up-to-date statistics, expert analysis and access to tailored consulting services.

An added benefit of the Club is that members receive discounts on all Miami Condo Correction Walking Tours™. Please visit MiamiCondoClub.eventbrite.com for a schedule of upcoming tours.

We also encourage you to explore our podcast, available on all major platforms such as Apple, Spotify and YouTube, for insightful discussions and updates.

As always, our consulting, expert witness and buyside brokerage services remain available to you, building on our established reputation since 2006.

For specific information regarding discounted condo resales or bulk deals in South Florida, please visit CondoVulturesRealty.com or contact our office directly at 305.865.5859.

— Peter Zalewski, Founder of the Miami Condo Investing Club™

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This information is intended for general informational purposes only and is based on research, personal experience, and interviews. It does not constitute legal advice, as we are not legal professionals. While we strive for accuracy and completeness, this information is provided on an "as is" basis, without any warranties or guarantees.

Copyright © 2025 Condo Vultures®, LLC. All Rights Reserved.