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Nearly 60% Of Greater Downtown Miami Condo Development Pipeline Under Construction Or Completed Since 2011

DOWNTOWN MIAMI (Nov. 19, 2017) - Developers have announced - and continue to proceed with plans for - nearly 19,800 new condo units in the Greater Downtown Miami market of South Florida, according to a Condo Vultures® Realty report based on the latest data from consultancy CraneSpotters.com.

Greater Downtown Miami ranks as the most active coastal condo development market in the tricounty region of Miami-Dade, Broward and Palm Beach, representing about 42 percent of the nearly 47,500 new South Florida units announced since this current real estate cycle began in 2011, according to the CraneSpotters.com data as of Nov. 19, 2017

Buyers Purchased More Than 45 Distressed Condos In Greater Downtown Miami In First 9 Months Of 2017

DOWNTOWN MIAMI (Nov. 16, 2017) - Nearly 25 distressed condo units - both shortsales and real estate owned (REO) by lenders - are formally listed for sale in the Greater Downtown Miami market of South Florida, according to a new report from Condo Vultures® Realty LLC.

Based on distressed condo sales of about five units monthly in the first nine months of 2017, Greater Downtown Miami now has nearly a five-month supply of REO and shortsale units available for purchase in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach at the start of this year’s Winter Buying Season, according to the report based on data from the Southeast Flordia MLS Matrix.

A balanced market is generally considered to have about six months of supply. More months of condo supply listed for sale suggests a buyer’s advantage and less months typically indicates a seller’s advantage in the market.

Less Than 60 Luxury Condos Sold In Greater Downtown Miami In First 9-Months Of 2017

DOWNTOWN MIAMI (Nov. 14, 2017) - Nearly 475 luxury condo units are formally listed for sale at an asking price of least $1 million each in the Greater Downtown Miami market of Miami-Dade County in South Florida, according to a new report from Condo Vultures® Realty LLC.

Based on luxury condo sales of about six units monthly in the first nine months of 2017, Greater Downtown Miami now has nearly a 74-month supply of units available for purchase for at least $1 million each in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach at the start of this year’s Winter Buying Season, according to the report based on data from the Southeast Florida MLS Matrix.

A balanced market is generally considered to have about six months of supply. More months of condo supply listed for sale suggests a buyer’s advantage and less months typically indicates a seller’s advantage in the market.

Greater Downtown Miami Landlords Ask $2.64 PSF Monthly For Residential Rental Properties

DOWNTOWN MIAMI (Nov. 14, 2017) - Nearly 1,300 residential rental properties are formally listed for lease in the Greater Downtown Miami market of South Florida, according to a new report from Condo Vultures® Realty LLC. 

Based on completed leases of about 409 residential properties monthly in the first nine months of 2017, Greater Downtown Miami now has more than a three-month supply of rentals - apartments, condos, efficiencies, multifamily and townhouses - available in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach at the start of this year’s Winter Buying Season, according to the report based on data from the Southeast Florida MLS Matrix. 

A balanced market is generally considered to have about six months of supply. More months of supply listed for lease suggests a tenant’s advantage and less months typically indicates a landlord’s advantage in the market. 

Less Than 136 Condos Sold Monthly In Greater Downtown Miami In First 9 Months Of 2017

DOWNTOWN MIAMI (Nov. 13, 2017) - More than 3,630 condo units are formally listed for sale in the Greater Downtown Miami market of Miami-Dade County in South Florida, according to a new report from Condo Vultures® Realty LLC.

Based on condo sales of less than 136 units monthly in the first nine months of 2017, Greater Downtown Miami now has about a 27-month supply of units available for purchase in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach at the start of this year’s Winter Buying Season, according to the report based on data from the Southeast Florida MLS Matrix.

A balanced market is generally considered to have about six months of supply. More months of condo supply listed for sale suggests a buyer’s advantage and less months typically indicates a seller’s advantage in the market.

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