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Nearly Four-Month Supply Of South Florida Residential Properties Listed For Rent

DOWNTOWN MIAMI (July 21, 2017) - More than 9,000 residential rental properties are formally listed for lease in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach, according to a new report from Condo Vultures® Realty LLC.

Based on completed leases of about 2,611 residential properties monthly in the first six months of 2017, South Florida now has nearly a four-month supply of rentals - apartments, condos, efficiencies, multifamily and townhouses - available in the tricounty region during this year’s Summer Buying Season, according to the report based on data from the Fusion MLS. 

Buyers Purchased Nearly 1,300 Distressed Condos In South Florida In First Half Of 2017

DOWNTOWN MIAMI (July 20, 2017) - Nearly 450 distressed condo units - both shortsales and real estate owned (REO) by lenders - are formally listed for sale in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach, according to a new report from Condo Vultures® Realty LLC.

Based on distressed condo sales of about 215 units monthly in the first half of 2017, South Florida now has about a two-month supply of REO and shortsale units available for purchase in the tricounty region during this year’s Summer Buying Season, according to the report based on data from the Fusion MLS.

More Than 22,100 New South Florida Condo Units Under Construction Or Completed Since 2011

DOWNTOWN MIAMI (July 19, 2017) - Developers have announced - and continue to proceed with plans for - nearly 47,725 new condo units east of Interstate 95 in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach, according to a Condo Vultures® Realty report based on the latest data from consultancy CraneSpotters.com.

Miami-Dade County ranks as the most active coastal condo development market in the tricounty region with nearly 34,000 units, representing more than 71 percent of the South Florida pipeline since this cycle began in 2011. Broward County ranks second with nearly 9,400 new units, accounting for about 20 percent of the tricounty development pipline. Palm Beach County is third based on more than 4,350 units or nine percent of the South Florida total, according to the CraneSpotters.com data as of July 17, 2017

Buyers Purchased 612 Luxury Condos In South Florida In First Half Of 2017 

DOWNTOWN MIAMI (July 18, 2017) - More than 3,350 luxury condo units are formally listed for sale at a minimum price of at least $1 million each in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach, according to a new report from Condo Vultures® Realty LLC.

Based on luxury condo sales of 102 units monthly in the first half of 2017, South Florida now has nearly a 33-month supply of units available for purchase in the tricounty region during this year’s Summer Buying Season, according to the report based on data from the Southeast Florida MLXchange.

Condo Sellers Seek 151% Premium For South Florida Units

DOWNTOWN MIAMI (July 17, 2017) - Nearly 24,400 condo units are formally listed for sale in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach, according to a new report from Condo Vultures® Realty LLC. 

Based on monthly condo sales of about 2,946 units in the first two quarters of 2017, South Florida now has more than an eight-month supply of units available for purchase in the tricounty region during this year’s Summer Buying Season, according to the report based on data from the Southeast Florida MLXchange. 

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