Miami Real Estate Market Update February by the Marilyn Cromer Team

Miami Real Estate Market Update February by the Marilyn Cromer Team

  • 02/7/26

I just got the Q4 numbers, and I wanted to share what I'm seeing. Coral Gables hit over $4M average sale price (up 44%), Pinecrest cooled off with prices down 18% but closed sales up 63%, and Palmetto Bay stayed balanced. What this means: luxury is holding strong, but there are real opportunities emerging in other areas. If you're thinking about making a move this year, I'd love to walk you through what this means for your specific situation.

 

Which Side of the Market Are You On?

South Florida is starting the year in two lanes: resale condos are giving buyers more leverage, while single-family homes are still holding strong in many pockets.

Buyers:

Condos have more room to negotiate on price and credits. Single-family is neighborhood-specific, so move quickly on well-priced homes and negotiate harder on listings that have been sitting.

Sellers:

Condos perform best with realistic pricing and clear building details that give buyers confidence. Single-family still has momentum, but overpricing gets punished fast. Pricing and presentation matter.

Want a quick snapshot for your home or target area? Text or call us and we’ll share a brief read on what’s happening in your neighborhood right now.

 

South Florida Insider

A New Fresh Market Arrives
in South Miami

The Fresh Market has expanded its Miami-Dade footprint with premium meats and seafood, fresh seasonal produce, local finds, and a curated mix of international favorites.

BODYROK Opens at CocoWalk

BODYROK just launched its first Miami studio in CocoWalk, bringing high-intensity, low-impact reformer Pilates-style classes in a dark, music-driven setting.

PS Private Terminal Coming to MIA

Arriving this spring in the restored former Pan Am building, PS brings a private-terminal experience to commercial travel at MIA, with suites, chef-led dining, spa services, private TSA and customs, and chauffeured transfers straight to your gate.

Miami-Dade’s Hotel Boom

Miami-Dade has 20 hotels currently under construction within a broader pipeline of 98 proposed projects that could add more than 20,000 rooms, signaling strong confidence in tourism demand.

Bagel Emporium Is Back

After 50 years near UM, Bagel Emporium has reopened in a polished new space, keeping its classic New York–style bagels and deli fare while adding an expanded dining room.

Vice City pizza south miami closes

The beloved pizzeria served its final pies on Feb. 1, following the sale of its lease to an out-of-town hospitality group.

 

julian’s corner

Did you really host a Super Bowl party if guacamole wasn’t served from the end zone?
A snack stadium makes game-day food the main attraction, whether you build one with bowls you already have or grab a ready-made version for easy setup. Football may be the main event, but snacks deserve their own field.

 

This Month Around Miami

Shopbop Popping Up in the Grove

Feb 6–8 | 11AM–6PM

Mr. C Miami, Coconut Grove, 2988 McFarlane Road

Shopbop is hosting a three‑day trunk show/pop‑up at Mr. C Miami in Coconut Grove, with IRL shopping of curated brands and exclusive styles.

Adventure Day:
A Tropical Valentine

Feb 7 | 10AM–5PM

Fruit & Spice Park, 24801 SW 187th Ave, Homestead

A family-friendly Valentine’s-themed day with kids’ crafts, a scavenger hunt, and guided garden tours, plus love-themed photo backdrops for sweet snapshots.

Camping in the Park & Movie Night

Sat, Feb 7 | 10AM to Sun, Feb 8, 10AM

Coral Reef Park, 7895 SW 152nd St, Palmetto Bay

A family-friendly overnight campout including a night hike, kayaking, archery, animal encounters, and a campfire. Registration required.

Miami International Boat Show

Feb 11–15 | Various Times

Miami Beach Convention Center, Pride Park,
Venetian Marina & Yacht Haven Grande

The world’s largest boat show lands across land and water, showcasing everything from center consoles to superyachts. Expect serious eye candy, demos, and peak Miami energy.

Miami Concours

Feb 13–15 | Various Times

Miami Design District, 3801 NE 1st Ave., Miami

A three-day showcase of hypercars, vintage supercars, and design-forward automotive craftsmanship returns with weekend programming including a Drive-In Movie Night, a VIP collectors dinner, and a ticketed Red Carpet Day.

34th Annual Kite Festival

Feb 14–15 | 12PM–5PM

Haulover Park, 10800 Collins Avenue, Miami Beach

The sky over Haulover Park fills with hundreds of colorful kites, from giant whales and a 100‑foot octopus, plus plenty of family‑friendly kite‑flying space.

Coco’s Corner

Make Valentine’s Day feel more meaningful at home with a simple “Gratitude Mailbox.” Use a decorated shoebox or a jar on the kitchen counter, and have everyone drop in one short note each day leading up to Feb 14. Keep it easy: “I appreciate you because…” or “Thanks for…” Then open it together and read the notes over breakfast or dessert.

Coconut Grove Arts Festival

Feb 14–16 | 10AM–6PM

Coconut Grove waterfront (Main Hwy & Bayshore Dr.)

Hundreds of juried artists line the Grove’s waterfront streets for one of Miami’s most beloved outdoor festivals. Art, music, food, and ocean breezes make this a Presidents’ Day classic.

Third Thursdays at The Falls

Feb 19, Mar 19 | 6PM

The Falls (Center Court), SW 88th St & US-1, South Miami

A free community fitness series with guided workouts, occasional sound baths and goal-setting, and rotating partners like lululemon and local wellness brands.

South Beach Wine & Food Festival

Feb 19–22 | Various times

South Beach, Various Locations

Miami’s biggest food week returns with celebrity chefs, beachside tastings, late-night parties, and sold-out dinners across the city. Equal parts indulgent and buzzy, this one takes over South Beach.

Monster Jam

Feb 21–22 | Sat 5PM, Sun 3PM

loanDepot Park, 501 Marlins Way, Miami

Monster Jam returns with massive trucks, big-air stunts, and a high-energy, family-friendly show.

Pinecrest Bike Day

Sat, Mar 7 | 8AM–11AM

Evelyn Greer Park, 8200 SW 124th St, Pinecrest

A free, family-friendly morning of biking and community fun, with a casual ride around the park plus a DJ, games, bounce houses, prizes, and a food truck. No registration required, just bring your bike and helmet.

Dear Evan Hansen

Feb 11–Mar 8 | Wed-Sat: 8PM, Sun: 3PM

Actors' Playhouse at the Miracle Theatre, 280 Miracle Mile, Coral Gables

A contemporary musical about adolescence and anxiety, Dear Evan Hansen explores truth, identity, and the consequences of being seen.

Bluey’s Backyard Camp Miami

Through Mar 29 | 9AM-5PM

An immersive, hour‑long play experience where kids step into Bluey’s world at CAMP Miami, with interactive games, crafts, and photo moments inside Aventura Mall.

 

Tequila Town - The Immersive Agave Experience

25,000+ SQFT • 10+ IMMERSIVE ROOMS

More than a tasting. More than a pop-up. More than a live event. Opening February 19th, Tequila Town is a living, breathing journey that blends art, architecture, music, ritual, and storytelling - transporting guests back to the origin story of tequila set in the valley region of Jalisco, mixed with the pulsating creative energy of Miami. Your ticket includes a welcome drink
+ 4 tastings, live music, art, culture, and more. Explore the evolution and innovation behind the world’s fastest growing spirit. Scan the QR code for 25% off with code CROMERTEAM25.

 

The Latest in Dining

KARYU

Miami Design District

A Tokyo Michelin-star wagyu experience is coming, with a precision-driven tasting menu built around Japanese beef and dishes that change monthly to reflect Japan’s micro-seasons.

Tata’s Yogurt Bar

Coconut Grove

Coming soon to Coconut Grove, an upscale Greek frozen yogurt spot serving honey-sweetened, no-added-sugar froyo alongside bowls, overnight oats, smoothies, and coffee.

Chick‑fil‑A

Coconut Grove

The Grove is getting its first Chick-fil-A, bringing waffle fries and frosted lemonades to a neighborhood that has long resisted fast-food chains but is now slowly making room for them

Casa MX

Coral Gables

A new Mexico City–inspired restaurant has opened in a former home, offering a warm, house-driven dining experience with shareable plates and agave-forward cocktails.

Tokyo Tuna

South Miami

Tokyo Tuna has debuted a new South Miami location, serving traditional Japanese dishes like gyoza, tataki, and edamame alongside signature sushi rolls.

Cry Baby Creamery

Kendall

The playfully nostalgic ice cream favorite is opening a new West Kendall location, with a South Kendall outpost to follow, serving signature scoops and seasonal specials.

 

Valentine's Day Crushes

Forget roses and chocolates. Here's what we're actually loving right now.

Marilyn

Pickleball. Nothing says "I love you" like 
a competitive dink
at the net.

Danielle

Clinique Black Honey lipstick. The one lip color that works on everyone, every time.

Deena

Tell Me Lies. The drama, the chaos, the emotional damage. 10/10, would recommend.

 

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