Has Condo Selloff Finally Begun In Miami's Biscayne Boulevard Corridor Submarket?

The Miami Condo Minute™ is a micropodcast by expert Peter Zalewski about the South Florida region of Miami-Dade, Broward and Palm Beach.In this episode of the Miami Condo Minute™ micropodcast, host Peter Zalewski - founder of the Miami Condo Investing Club™ - discusses the severe buyers market for condos in the Biscayne Boulevard Corridor submarket of Greater Downtown Miami.

During this eight-minute podcast, Zalewski discusses the latest resale statistics in anticipation of Saturday’s Miami Condo Correction Walking Tour™ of the neighborhoods of Edgewater-Midtown-Wynwood in the Biscayne Boulevard Corridor submarket.

During the scheduled three-hour tour at 10 am on July 19, 2025, Zalewski will share insights about the current state of the Greater Downtown Miami market, provide a detailed list of all condo projects within the submarket and teach attendees how to evaluate condo buildings from a pricing perspective.

The Biscayne Boulevard Corridor is defined as an area stretching from Gen. Douglas MacArthur Causeway north to the Julia Tuttle Causeway.

The Biscayne Boulevard Corridor is one of three submarkets - along with the Brickell Avenue Area and the Central Business District - 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.

The statistics show that Miami’s Biscayne Boulevard Corridor now has nearly 22 months of condos listed for resale during the 2025 South Florida Summer Buying Season, which stretches from May through October.

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

Additionally, Zalewski points out in the podcast that condo pricing in Miami’s Biscayne Boulevard Corridor is severely out of whack.

The current average asking price for a Biscayne Boulevard Corridor condo is nearly $1.1 million per unit. Condos in Miami’s Biscayne Boulevard Corridor submarket traded for less than $859,000 during the busy 2024-25 Winter Buying Season that occurred between November through April.

Miami Condo Minute™ Podcast Timeline:

00:00 Introduction

00:23 Exploring Biscayne Boulevard Corridor

00:48 Walking Tour Details

01:22 Understanding the Submarkets

02:42 Current Market Analysis

04:12 Winter Buying Season Insights

05:57 Future Market Predictions

07:23 Invitation to the Miami Condo Correction Walking Tour

08:06 Conclusion

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