No Condo Boom This Cycle For Miami Beach?
This latest issue of the Miami Condo Market Intelligence Report With Peter Zalewski™ examines the limited number of new units announced in Miami Beach since 2021.
Volume 2024, Issue 6 (Subscribe here)
In this week’s newsletter, we wrap up our three-week profile of the Miami Beach condo market with a handful of stories that provide a final overview of the current investment climate in the barrier island city.
The reports and accompanying charts are based on research we conducted using our proprietary information, private records and government statistics.
The first story focuses on how Miami Beach is on the verge of reaching the 30,000-unit milestone for inventory despite being largely ignored by developers during this cycle.
In the second story, we examine how the wealthy enclave of Fisher Island - located just south of Miami Beach - is facing a buyers market.
The third story looks at how a penthouse in the ultra-luxury Faena House condo project is still available for sale some four years after it was originally listed.
For the fourth story, we provide an update on the return of the Miami Reporters Roundtable Podcast for a fifth season of straight talk on March 15.
In the fifth story, we discuss the upcoming South Beach Condo Correction Walking Tour in relation to the growing question of whether now is the time to buy.
It is a lot of information but we are confident our reports will assist you to better understand current market conditions in Miami Beach.
It is worth noting that we are sharing a portion of our research for free with subscribers to our newsletter and readers of CondoVultures.com. If you want access to all of our published information, we would encourage you to join the newly launched Miami Condo Market Investment Club™.
Additionally, we encourage you to check out our video and audio podcasts.
As a reminder, we are always available for consulting, expert witness work and brokerage services just as we have been since 2006. If you want more information, please visit CondoVultures.com or call the office at 305.865.5859.
Story 1
Miami Beach Condo Market Slowly Nears 30,000-Unit Milestone
A review of the statistics shows that the Miami Beach condo market added more than 7,100 condo units between 2000 and 2009 but a limited number of units since then.
Story 2
Expensive Problem? Fisher Island Condos In A Buyers Market
A review of 2023 condo statistics shows that the island community located south of Miami Beach has about 16.6 months of supply listed for sale during the South Florida Winter Buying Season.
Story 3
Faena House Penthouse Still For Sale Some 4 Years After Originally Listed In Miami Beach
Penthouse A is listed for $33 million, down from the original asking price of $37 million back in 2020.
Story 4
Season 5 Of Miami Reporters Roundtable Podcast Returns With More Straight Talk On March 15
The podcast features current and former journalists who discuss the biggest real estate, finance and economic stories in South Florida.
Story 5
Is This The Time To Buy A South Beach Condo?
Miami condo expert Peter Zalewski is scheduled to lead a South Beach condo correction walking tour on Saturday, March 2.
This information is believed to be accurate and complete but cannot be guaranteed or warranted.
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