Ask a handful of Miromar Lakes homeowners when the market peaked and almost everyone will say the same thing. Twenty twenty two. Homes moving in days, multiple offers, very little room to negotiate. It is a fair memory. It is also not the whole story.
The sales data tells a more useful story, and it matters for anyone who bought in the years right after that stretch and has wondered where their home actually stands today.
Short answer: prices did not peak in 2022. They kept climbing every year after, all the way through 2024, before easing over the past year.
Why 2022 gets called the peak
In 2022, Miromar Lakes homes were selling in days, not months, often at or very close to full asking price. That pace is what earns 2022 its reputation. It was the height of urgency in the market, and pace is what people remember most clearly.
Pace and price are two different things
Speed slowed after 2022. Price did not. Sold prices in Miromar Lakes continued to climb year over year through 2024, before the market began to find its footing more recently.
That means someone who bought in 2023 or 2024, believing they had missed the top, may have actually purchased into a market that was still rising. It also means the comparison that matters is not what homes sold for in 2022. It is what homes sold for the year you bought.
The longer view
Homes purchased in Miromar Lakes in 2020 and 2021, before the runup began, have appreciated by nearly half their value by the time they resold this year. A 2023 buyer and a 2021 buyer can be looking at very different numbers today, in the same community, at the same moment.
What this means if you are buying, selling, or already own here
For owners who purchased anywhere from 2022 through 2024, it is not unusual right now to see recent comparable sales land close to, or in some cases under, the original purchase price. That number can be uncomfortable to look at. It does not mean the market collapsed. It means pricing has settled after several years of rapid appreciation, and the timing of your purchase matters more than the headline year.
If you are weighing a purchase in Miromar Lakes now rather than looking back at one you already made, the same history is useful in the other direction. Buying after a multi year runup and a recent reset is a different entry point than buying at the top of 2022, and it is worth understanding where today's pricing actually sits before comparing Miromar Lakes to another community.
"Both things are true about this market at the same time. That is exactly why did prices peak does not have one simple answer, and why it is worth looking at your specific purchase rather than the headline year."
-Andy
Frequently Asked Questions
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Did Miromar Lakes home prices go down in 2026?
Prices have eased after several years of rapid increases, but this reflects a market finding its footing rather than a broad decline. Homes purchased before the 2022 through 2024 runup have still appreciated significantly. -
Is now a bad time to sell in Miromar Lakes if I bought in 2022, 2023 or 2024?
Not necessarily. It depends heavily on your specific purchase price, your home's condition and updates, and the enclave. A property specific look at your home is a better guide than a general market headline. -
What is the current average sold price in Miromar Lakes?
Based on the most recent reporting period, the average sold price in Miromar Lakes is in the 1.6 million dollar range, with average days on market around 105. For current figures, see our monthly Miromar Lakes market report.
Market wide numbers only tell part of the story, whether you already own here or are still deciding if Miromar Lakes is the right fit. If you bought in the last few years and want a straightforward read on what your home is worth today, a complimentary estimate is a good place to start. If you are considering a purchase, I am glad to walk you through current pricing and inventory directly. See what recent clients have said about working with me on our testimonials page.
Prefer to talk now? Call Andy: (239) 420-7535.
Andrew A. Alvarez, PA is a Broker Associate and President with Alvarez Group at Douglas Elliman Real Estate, ranked in the top 2 percent of agents in Southwest Florida with over a decade and a half of experience in Miromar Lakes.
