2025 State Of Miami Condo Market Outlook With Expert Peter Zalewski
Join expert Peter Zalewski at Noon on Wednesday, Jan. 15, for an exclusive two-hour private lunch seminar discussion about the South Florida condo market in 2025.
The year 2025 is poised to be one of the most volatile 12-month periods ever for the South Florida condo market.
Not only are condo buyers and sellers trying to understand the repercussions of the 2025 Florida Condo Association Financial Cliff combined with rising resale inventory and stubbornly high mortgage rates, but now the industry is facing the prospects that many high-priced condo towers are “sinking,” according to the Miami Herald.
It is against this backdrop that expert Peter Zalewski - who is a former journalist, a Wall Street consultant, an expert witness and a licensed real estate broker - will unveil his forecast for 2025 condo market in Miami and South Florida.
Zalewski has followed the South Florida condo market for more than 30 years, first as a financial journalist for 13 years.
For the last 17 years, Zalewski has researched, analyzed and written about the South Florida condo market as a consultant, expert witness and founder of the Miami Condo Investing Club™.
Zalewski has been quoted and referenced more than 1,500 times in local, national and international news publications regarding the South Florida condo market. He has been featured on “60 Minutes” and appeared in the Michael Moore documentary, “Capitalism: A Love Story.”
Seating for this private lunch seminar - entitled the “State Of Miami Condo Market Outlook For 2025” - is limited to six individuals.
The doors for this private lunch seminar open at 11.30 am. At Noon, there will be a brief introduction of all attendees. At 12.15 pm, lunch will be delivered.
Zalewski’s one-hour presentation is scheduled to start at 12.30 pm and be followed by a 25-minute Questions & Answers session.
The event is scheduled to conclude at 2 pm.
Attendees will be provided hyperlinks to all charts cited during the presentation.
Free valet parking is provided for attendees.
Florida’s 2025 Condo Association Financial Crisis is a key factor creating unrest about the short-term outlook of the South Florida market.
In the wake of the Surfside condo collapse, the safety of a condo tower coupled with the ability to pay for preventative maintenance is increasingly important for Florida’s nearly 28,250 condo associations with more than 1.2 million units.
For context, the tricounty South Florida region of Miami-Dade, Broward and Palm Beach have nearly 13,000 condo associations and about 610,000 units, according to a recent report.
This is the dilemma that condo owners, buyers and board members are facing less than 90 days from the start of Florida’s 2025 Condo Association Financial Cliff.
In the aftermath of the June 24, 2021, collapse of the Champlain Towers South in the town of Surfside on the barrier island of Miami-Dade County, everyone from residents to building inspectors, politicians to bankers understand better than ever the importance of ensuring that no Florida condo building ever collapses again.
Nearly 100 people died and a $1 billion settlement was reached with the families of the victims.
A federal investigation is currently underway but the preliminary reports suggest a flawed design coupled with a lack of upkeep by the condominium’s association contributed to the disaster.
The Florida Legislature has taken a number of steps - prompted by insurance companies threatening to withdraw coverage in the state - to ensure that nothing like this ever happens again.
Up until now, the state’s measures were being implemented slowly but that all changes in 2025 when many of the measures take effect.
Beginning in January, condo associations in Florida will be required to start collecting money from unit owners to place into reserve accounts that will be used exclusively to fix, maintain and improve the structural integrity of residential buildings that are at least three-stories tall.
People are dubbing this moment as the 2025 Florida Condo Association Financial Cliff as it is expected to result in significantly higher costs for unit owners. News reports are already chronicling condo owners selling their units at deep discounts ahead of the 2025 deadline.
It is a lot of information but we are confident our reports will assist you to better understand current market conditions in South Florida.
It is worth noting that we are sharing a portion of our research for free with subscribers to our newsletter and readers of MiamiCondo.Club.
If you want access to all of our published information and charts, we would encourage you to join the newly launched Miami Condo Investing Club™.
The objective of the Club is to create a community that shares realtime, actionable information on the latest real estate trends, opportunities and service providers in South Florida.
The Club is ideally suited for Do-It-Yourself (DIY) condo buyers who can rely on our latest statistics, expert opinions and access to consulting services.
Additionally, we encourage you to listen or view our podcast wherever you get podcasts. The podcast is available on Apple, Spotify and/or YouTube.
As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006.
If you are seeking information on condo resales in South Florida, please visit CondoVulturesRealty.com or call the office at 305.865.5859.
This information is provided for general informational purposes only, based on research, personal experience and interviews. It should not be considered legal advice, as we are not attorneys. While believed to be accurate and complete, this information is provided "as is" without warranty or guarantee of any kind.
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