What Is Next For South Florida Condos This Winter Buying Season?
Expert Peter Zalewski of the Miami Condo Market Investing Club™ will host a 75-minute online meeting on Wednesday, Nov. 13, 2024, to discuss his outlook for 2024-25 Winter Buying Season.
South Florida's Winter Buying Season is shaping up to be one of the most turbulent since the Great Recession, sparking uncertainty and opportunity for condo investors.
On the eve of the 2025 Florida Condo Association Financial Cliff, South Florida enters the historically busy Winter Buying Season - which stretches from November through April - at a moment when the market is sending mixed signals.
South Florida condo transactions were down significantly during the Summer Buying Season - which extends from May through October - but prices are still holding steady and even increasing in some markets in the tricounty region of Miami-Dade, Broward and Palm Beach.
South Florida condo prices have yet to be significantly impacted despite headwinds, including high mortgage rates and a U.S. economy that voters said is struggling.
November Monthly Meeting
Date: Wednesday, Nov. 13, 2024
Time: Noon - 1 pm (EST)
Questions and Answers: 1 pm - 1.15 pm
Format: Virtual
Accessing Monthly Meeting On Event Day:
A. Club members: Check your email for a meeting link sent the night before.
B. Logged-In Club members / New Club members: Log in to this report and find a meeting link behind the paywall below by 9 am (EST) on event day.
It is against this backdrop that South Florida condo expert Peter Zalewski will discuss the latest market trends and his 2024-25 Winter Buying Season outlook at the Miami Condo Investing Club™ Monthly Meeting.
The Monthly Meeting is exclusively for Club members. Nonmembers can join monthly for $34.99 with this link.
If you miss the virtual meeting, a video copy of the presentation will be available for viewing afterwards. A link with Zalewski’s presentation will be emailed to all Club members on Friday.
Zalewski - who is a former business journalist, Wall Street consultant, expert witness and licensed Florida real estate buyside broker - will also share insights gathered from interviews and research with condo association professionals.
Some of the topics and questions that will be addressed include:
What is the outlook for condo prices in South Florida?
Why did South Florida condo sales plummet this summer?
Condo Cliff v Great Recession?
How can condo associations guard against panic selling?
Why are condo associations refusing to comply with the 2025 deadline?
The objective of the Miami Condo Investing Club™ is to create a community that shares realtime, actionable information on the latest real estate trends, opportunities and service providers in South Florida,
Besides real estate professionals, developers and lenders, the Club is also ideally suited for Do-It-Yourself (DIY) condo buyers who can utilize our latest statistics, expert opinions and access to consulting services.
All of the Club’s preferred vendors have also been invited to the event, including:
Veteran title expert Clarita Rosa of Miami-based Candor Title & Closing Services;
Permit and planning expert Anne-Christine Carrie of Miami 21 Zoning & Entitlements;
Construction contractor Andres Alvarez Murcia of 3A Quality Services Construction And Remodeling;
Wholesaler Jose Suarez of Global Inventory Liquidators;
It is worth noting that all of the Club’s Monthly Meetings are scheduled to be held at Noon (EST) on the second Wednesday of every month throughout the year. Here is the schedule for the remaining Monthly Meetings in 2024:
Besides access to all reports, charts and Monthly Meetings, the Club also hosts regular MeetUp events for members to talk shop, pitch their services and discuss the latest trends they are witnessing in the trenches of Miami’s volatile condo market.
The third MeetUp event is scheduled from 5.30 pm to 8 pm Tuesday, Nov. 19, 2024, in Greater Downtown Miami.
As with the Monthly Meetings, the Meetup events are exclusively for members of the Miami Condo Market Investing Club™.
We crunch a lot of statistics each week and then publish the results byway of a series of reports posted on MiamiCondo.Club.
If you want the reports emailed to you, just sign up for the Miami Condo Market Intelligence Report With Peter Zalewski™ newsletter at: MiamiCondo.Club
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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