Is South Florida On Sale As 6,400 Condos Hit Market Priced Below $200,000?
This is a new, occasional feature tracking condo listings based on price per unit in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach.
In an effort to better understand the investment opportunities and pitfalls in the South Florida condo market, we are launching a new feature spotlighting active listings by price range across the tricounty region of Miami-Dade, Broward and Palm Beach.
We are launching this new feature today - with more reports to follow the next four days - as it is the first full week of the 2025 South Florida Summer Buying Season, which runs from May through October.
The Summer Buying Season is traditionally a time of fewer out-of-town buyers visiting the tricounty South Florida region of Miami-Dade, Broward and Palm Beach due to the heat, humidity and hurricane concerns.
For this week only, readers of MiamiCondo.Club can access this report and upcoming condo pricing reports for free. Future reports like these will only be available to members of the Miami Condo Investing Club™. Information on Club membership is available with this link.
For our first report produced on May 5, 2025, we discovered there are nearly 6,400 condo units on the market with an asking price below $200,000, according to CondoVulturesRealty.com.
The average asking price for these units is nearly $147,815 per unit or about $179 per square foot.
This price per unit range of $1-$199,999 represents about 22.3 percent of the more than 28,565 condos currently listed for resale in the South Florida market today.
Based on the “1% Rule” of real estate investing, the condos listed at these asking prices would need to rent for less than $2,000 per month to comply with this common investment strategy.
As you may know, the “1% Rule” is a simplistic - or “back of the napkin” - approach that calls for the monthly rent of a residential investment property to represent about one percent of the purchase price of a unit.
For example, a $100,000 condo - if you can find one in South Florida - should rent for about $1,000 monthly under the “1% Rule.”
The “1% Rule” can “help an investor gauge the risk and potential gain that might be achieved by investing in a property,” according to Investopedia.
We are pleased to offer a portion of our research for free to our newsletter subscribers and MiamiCondo.Club readers, providing a glimpse into our insights.
For full access to our comprehensive reports, statistical charts, virtual Monthly Meetings and exclusive MeetUp events, we invite you to join the Miami Condo Investing Club™.
The Club's mission is to foster a community that shares realtime, actionable intelligence on the latest real estate trends, emerging opportunities and trusted service providers throughout South Florida.
Whether you are a Do-It-Yourself (DIY) condo buyer or a seasoned real estate professional, the Club provides invaluable resources, including up-to-date statistics, expert analysis and access to tailored consulting services.
We also encourage you to explore our podcast, available on all major platforms such as Apple, Spotify and YouTube, for insightful discussions and updates.
As always, our consulting, expert witness and buyside brokerage services remain available to you, building on our established reputation since 2006.
For specific information regarding discounted condo resales or bulk deals in South Florida, please visit CondoVulturesRealty.com or contact our office directly at 305.865.5859.
— Peter Zalewski, Founder of the Miami Condo Investing Club™
This information is intended for general informational purposes only and is based on research, personal experience, and interviews. It does not constitute legal advice, as we are not legal professionals. While we strive for accuracy and completeness, this information is provided on an "as is" basis, without any warranties or guarantees.
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