Miami Real Estate Market Update March by the Marilyn Cromer Team

Miami Real Estate Market Update March by the Marilyn Cromer Team

  • 03/17/25

Q1 MARKET SNAPSHOT

Florida’s market is shifting. Here’s what it means for you. With inventory at its highest in a decade and still climbing, Florida’s housing market is shifting in favor of buyers, offering more options and increased negotiating power. Sellers are adjusting to this less competitive market by lowering prices, especially as high mortgage rates and rising property costs keep some buyers on the sidelines. If you’re considering selling, pricing strategically is key, while buyers may find more opportunities and flexibility in negotiations. Via Newsweek

THIS MONTH IN MIAMI

The Youth Fair

March 13 - April 6
Times Vary
Miami-Dade County Fair & Exposition, 10901 SW 24 St, Miami

Enjoy carnival rides, games, and exhibits celebrating youth achievement and South Florida agriculture with over 80 attractions.

John Martin’s St. Patrick's
Street Festival

March 15
2 PM - 12 AM
John Martin's Irish Pub, 253 Miracle Mile, Coral Gables

Celebrate St. Patrick’s Day with Irish-inspired food, drinks,
and live music at this 32nd annual street festival.

St. Paddy’s Day Lucky Run

March 15
7:30 AM, 8 AM, and 8:30 AM
Playita Key Biscayne, Miami (across from Miami Marine Stadium)

Run a 5K, 10K, or half-marathon, dress like a leprechaun, 
and earn a finisher’s towel, medal, and bragging rights.

Garden Tour:
Palms of Pinecrest Gardens

March 15
10 AM
11000 Southwest 57th Avenue, Pinecrest

Join a guided tour exploring the diverse palms of Pinecrest Gardens
and their ecological significance. Pre-registration required.

Miami Open

March 16-30
Times Vary
Hard Rock Stadium, Miami Gardens

Watch top tennis players compete in one of the sport’s premier tournaments, featuring VIP lounges, interactive events, and world-class dining.

Baseball is Back

Starting March 18

The MLB season opens March 18 with the Dodgers and Cubs facing off
in Tokyo, celebrating 25 years since the first MLB games in Japan. The official Opening Day follows on March 27, marking the earliest start in league history, with all 30 teams in action.

March Madness 2025

March 16- April 7

Experience the excitement of March Madness as 68 teams compete
in a thrilling single-elimination tournament, starting with Selection Sunday on March 16 and concluding with the NCAA Championship Game on April 7, featuring top college basketball teams vying for national glory.

MJ The Musical

March 18–23, 2025
Times Vary
Adrienne Arsht Center, Ziff Ballet Opera House, 1300 Biscayne Blvd, Miami

Experience the Tony Award-winning production that takes audiences behind the scenes of Michael Jackson’s 1992 Dangerous World Tour.

World Happiness Fest

March 20, 10 AM - 9 PM & March 21, 10 AM - 6 PM
Pinecrest Gardens, 11000 Red Road, Pinecrest

Celebrate Pinecrest’s City of Happiness recognition with a festival featuring talks, workshops, live music, gourmet food, and immersive art.

Winter Music Conference

March 26-28
Times Vary
Eden Roc Hotel, 4525 Collins Ave, Miami Beach

Industry leaders, artists, and fans gather for panels, networking,
and poolside parties at this 35th annual electronic music event.

Ultra Music Festival

March 28-30
Times Vary
Bayfront Park, 301 Biscayne Blvd, Miami

Experience the world's premier electronic music festival, celebrating 
25 years with elite DJs and unparalleled production.

Bugs Exhibition

Through April 20
Phillip and Patricia Frost Museum of Science, 1101 Biscayne Blvd, Miami

Discover the hidden world of bugs in this immersive exhibit, showcasing their biology and impact on engineering and technology.

Spring Break Fun

Fresh Air & Treats

Pick strawberries at Knaus Berry Farm, visit the Coral Gables or Coconut Grove farmers market, and treat yourself to a classic milkshake from Robert Is Here.

Hands-On Adventures

Visit Jungle Island, take an Everglades airboat ride, kayak through Biscayne Bay’s mangroves, or explore North Hobie Island’s new trail.

Hidden Wonders

Step into history at Deering Estate, tour Vizcaya’s gardens, explore Coral Castle’s unsolved secret, or check out the spring camp options at Frost Science.

Coco’s Corner

Let’s play ball! Baseball season is here, and the Marlins’ home opener against the Pirates is set for Thursday, March 27 at loanDepot park! Looking for a fun family outing? $1 Kids Tickets are available for select home games, making
it easy to bring the whole crew. Plus, throughout the season, the Marlins offer a variety of single-game ticket deals, value offers, and community promotions to make catching a game even 
more accessible.

South Florida Insider

Septic-to-Sewer Conversion for Cleaner Water

Coral Gables is launching a Septic-to-Sewer Conversion Program to modernize infrastructure and improve water quality. The initiative aligns with Miami-Dade’s Connect 2 Protect efforts. Public meetings will be announced soon.

new parking discount for miami residents

City of Miami residents can receive discounted on-street parking through Pay by Phone or ParkMobile. To register, submit your phone number, license plate, and vehicle registration. Visit miamiparking.com for details.

Flower Islands Enhance Water Quality

Pinecrest’s Floating Flower Islands help filter pollutants, combat invasive species, and beautify canals. The first installation is complete, with another planned this month. Flowers will be sold at the Pinecrest Farmers Market.

The Last Carrot is forced to relocate

After 50 years in Coconut Grove, The Last Carrot must leave its Grand Avenue location by November 1 due to redevelopment. Loyal customers are rallying behind the restaurant as it searches for a new home.

CASABLANCA SEAFOOD plans to expand

Casablanca Seafood Bar & Grill is expanding beyond its Miami River District location. A $15 million partnership will help preserve its deep-rooted culinary heritage. More details on the expansion coming soon.

JETSET Pilates Opens Two New Studios

JETSET Pilates is opening flagship locations at Mr. C Residences in the Grove and Crest in Pinecrest. Both locations will offer private sessions, group classes, and retail. Wellness activations will also be available.

Where to Eat Next

The Grape Ape

South Miami

This new Spanish tapas spot in South Miami offers a cozy atmosphere 
with an impressive wine program and international menu.

Hereford Grill

Coral Gables

This iconic steakhouse, reopening in spring 2025 under Da Silva Hospitality with a revamped menu and spacious dining areas for both intimate and large gatherings.

Ossobuco

Coconut Grove

A charming dining experience with fantastic service and great food, blending global influences with a focus on high-quality meats and seasonal vegetables, all in a cozy atmosphere.

H&H Bagels

Multiple locations in Miami (opening in 2025 and 2026)

The legendary NYC bagel brand is opening five locations in Miami, offering authentic New York bagels shipped directly from NYC, along with classic sandwiches.

Terroir Club

Coming Soon, Coral Gables

The Palm Beach staple known for its innovative small plates and shareable dishes is set to debut in Coral Gables in early 2025.

Dojo Izakaya

Coral Gables

This vibrant Japanese restaurant, inspired by the team behind Zitz Sum, offers a dynamic menu, blending traditional flavors with modern twists.

Bar Bella

South Miami

Bar Bella blends Midwest barbecue and Spanish tapas, featuring smoked meats, shareable plates, freezer door bottled cocktails, and a generous happy hour.

Arcano

Coral Gables

Nestled in the vibrant heart of Coral Gables, this spot offers a dynamic dining experience that celebrates the rich flavors of Hispanic heritage.

Spring Into a New Home

Spring is a time of renewal and what better way to embrace the season than by finding a fresh space to call home? With more listings, longer daylight hours for showings, and buyers eager to secure properties before summer, the market is buzzing. If you’ve been thinking about buying or selling, let’s make the most 
of the season’s momentum.

Market Update

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