Miami Condo Mondays™ features Peter Zalewski of the Miami Condo Investing Club™ and veteran broker Jenny Huertas of CVRRealty.com in a weekly deep dive into South Florida condo real estate.
Recorded in Greater Downtown Miami, the podcast delivers an hour of high-level analysis on preconstruction condos, market trends and investment strategies for the tricounty South Florida region of Miami-Dade, Broward and Palm Beach.
The show leverages more than 60 years of combined institutional knowledge as Zalewski provides the macro perspective and Huertas offers on-the-ground micro insights from her daily experience in the trenches.
The show streams live every Monday at 4 pm on the social media accounts of both hosts to provide an authoritative look at the latest shifts in the condo market.
Episode Overview
In this episode of the Miami Condo Mondays™ podcast on April 6, 2026, co-hosts Jenny Huertas of CVR Realty and Peter Zalewski of the Miami Condo Investing Club™ explore why Coral Gables is lagging the broader South Florida condo market as the 2025-26 Winter Buying Season closes in on its final 25 days.
The latest data for this analysis was collected for the upcoming Coral Gables Condo Correction Walking Tour™ scheduled for 10 am Saturday, April 11, 2026.
Coral Gables is defined as Southwest 8th Street south to Southwest 72nd Street, and Douglas Road (37th Avenue) west to Red Road (57th Avenue).
During the 69-minute podcast, Huertas and Zalewski discuss how the numbers are finally saying out loud what they have been warning about for months.
South Florida condo sales rose 5% during the first five months of the Winter Buying Season of November through March but do not mistake that for strength.
Sellers generated those sales by cutting their average price per square foot 2% to $400, according to the data from CVRRealty.com.
Strip out the highend deals that skew the averages and the median price per square foot tells a harder truth with Overall prices down 4% and Vintage units—at least 30 years old—down 7%.
Many Vintage condo owners are scrambling for the exits as rising maintenance fees, hefty special assessments and pricey insurance premiums have made the costs out of reach in the aftermath of the Surfside condo collapse in June 2021.
Zalewski has called this the Florida Condo Association Financial Cliff since coining the phrase in June 2024.
The duo agreed that the unit owners who saw it coming quickly moved to cut their price to get out. The sellers who refused are running out of time in the Winter Buying Season to find a buyer.
The latest statistics served up a fresh reminder of what happens to sellers when the momentum changes.
A preconstruction condo development in the Brickell Avenue Area of Greater Downtown Miami that was marketing itself under the Mercedes-Benz brand was hit with an $80 million foreclosure lawsuit, according to the South Florida Business Journal.
Zalewski said the foreclosure action shows that the trees in Miami do not actually grow to the moon as the sellside brokers would suggest.
If the broader South Florida market is bending under the Condo Cliff, Coral Gables is a market that is already showing signs of breaking.
In the first five months of the Winter Buying Season, Coral Gables condo sales dropped 23% and the average price per square foot fell 8.5% Year-over-Year, according to the data.
The Vintage segment did not fare any better. Vintage condo sales plunged nearly 32% and the average price per square foot fell 9.4%, according to the data.
Huertas said the statistics show that buyers can do the math to find the best value when shopping for a South Florida condo.
Huertas questioned why buyers would pay $530 per square foot in the Miami suburb of Coral Gables when the barrier island city of Miami Beach has comparable condos with lower asking prices.
As the Winter Buying Season transitions into Summer’s heat, humidity and hurricane warnings, Zalewski said he expects the buyer pool to shrink to only the data-driven bargain hunters.
Those discount-oriented investors are likely paying cash so the recent jump in mortgage rates—from 5.99% on Feb. 27, 2026, to 6.43% on April 6, 2026—could wash out even more prospective buyers for unit owners.
The hosts wrap up the episode by reminding Coral Gables sellers who are still holding out for higher prices despite numerous warnings that they are running out of time before what Zalewski predicts will be one of the most challenging Summer Buying Seasons in recent memory.
Episode’s Top 10 Takeaways
South Florida condo sellers who cut their prices during the 2025-26 South Florida Winter Buying Season of November through April found buyers and those who did not are quickly running out of time.
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