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Florida’s luxury condo landscape continues to evolve, with developers unveiling new towers in prime locations across the state. From the east and west coasts to vibrant South Florida, these projects are clearly tailored for those seeking a refined lifestyle—many with starting prices at $1M and above, and select properties in West Palm Beach and Naples commanding even higher entry points. Of course, there’s a range: some Miami and St. Petersburg developments offer residences starting in the $500Ks or $600Ks, yet still provide impressive amenities and stunning views. The development timeline for these luxury properties stretches well into the future, with anticipated completions from 2027 through 2031 in places like Daytona Beach Shores, Sarasota, Naples, and West Palm Beach. What I’m seeing echoes what industry leaders are saying: Florida’s luxury condo market is strong, and buyers are discerning—placing a premium on exceptional locations and long-term value. As always, my focus is to help clients navigate these opportunities with integrity, market insight, and an unwavering commitment to their goals.

Florida's luxury condo market continues to evolve, with developers unveiling a wave of ambitious projects from the east coast to the west—each designed to meet the high standards of affluent buyers. Properties are launching in places like West Palm Beach, Naples, Miami, and St. Petersburg, with most starting at $1M and some reaching even higher price points. Yet, there are also unique opportunities in Miami and St. Petersburg, where select buildings begin in the $500Ks and $600Ks, still offering standout views and amenities. These developments are mapped out for completion from 2027 through 2031, reflecting long-term growth and confidence in Florida's desirability. With buyers now more selective than ever, location and enduring value are at the heart of every decision. As someone who puts client priorities first, I closely monitor these shifts to ensure my clients are always positioned to make smart, informed choices in this dynamic market.

September brought some notable shifts in the housing market that every thoughtful buyer and seller should be aware of. Pending home sales dipped slightly year-over-year, ending eight months of steady gains—a clear sign that higher borrowing costs are impacting buyer enthusiasm. We also saw contract signings soften, homes spending an average of 60 days on the market, and mortgage rates rising from approximately 6% in late Q1 to the high-6% range now.

For those navigating the market, this has meant a bit more negotiating room: the median list price edged down to $424,500, about 20% of homes saw price cuts, delistings decreased compared to last year, and active inventory ticked up by roughly 4%. Still, even with more listings on the market, national inventory remains about 11% below typical pre-pandemic levels—reminding us that underlying housing shortages persist, despite today’s more cautious buyer sentiment.

As always, I’m closely tracking trends like seller delistings, evolving pricing strategies, and whether regional differences will continue to narrow as everyone adjusts to firmer borrowing costs. My commitment remains to guide you through these changes with integrity, insight, and attentive service tailored to your goals.

Here’s a quick update on Bonita Springs real estate activity. Homes are selling at a similar pace as last year. The number of properties available and sold has stayed consistent.

Recently, US new listings ↑0.4% and total homes for sale ↑0.5%, pushing both measures to their highest levels since Late-Q1 and Mid-Q2.
At the same time, pending home sales ↓1.1%, reaching their lowest point in 6 mo as buyers faced >$400K median prices nationwide.
Financing costs stayed in the mid-6%, only slightly below a recent peak, and some house hunters waited through economic uncertainty or hoped rates ease.
With inventory building and demand softer, active US buyers may find negotiating room, including price cuts, concessions, rate buydowns, or repairs on longer-listed homes.
An economist said buyers had a window before activity potentially picked up later in Late-Q3, while sellers benefited from pricing correctly from the start.

Luxury home sales across the US are showing remarkable variety right now, with top transactions ranging from $3.7M all the way up to an impressive $130M in major metro markets. Notably, the highest recorded sale reached that $130M mark, while other standout deals came in at $47M, $40.2M, $40M, $21.2M, $19M, $18M, and $17.5M. Some cities are seeing particularly deep luxury pricing—there are four metros where even the fifth-highest sale topped $10M, underscoring the strength of those luxury pockets. Interestingly, one market had its five priciest sales clustered closely between $24M and $40M, showing a uniquely tight spread at the top end. This overview reflects only publicly marketed properties, as private deals and nondisclosure markets may not be fully captured. As always, I keep a close eye on these trends to ensure my clients have the most up-to-date insights and a thoughtful perspective tailored to their goals.

Florida’s housing market highlights a growing challenge: even with homes available, they often don’t fit what buyers truly need—whether it’s the right price, location, or simply matching their stage of life. As someone who values listening deeply to my clients’ wishes, I see firsthand how crucial it is for communities to offer more than just a one-size-fits-all approach. In Florida, affordability is about more than just the sticker price; insurance costs, association dues, maintenance, storm risks, and even how much you rely on your car all play a part in finding the right home. The question for our future is clear: will tomorrow’s buyers find options that truly fit their lives, or will we keep seeing a gap between what’s available and what families want? My commitment is always to help clients navigate these complexities with integrity and insight, ensuring their next move is truly the best fit.