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For this week’s Miami Condo Market Intelligence Report™ newsletter, we examine the Miami Beach condo market at the halfway point of the 2024-25 South Florida Winter Buying Season that stretches from November through April.
It is unclear at this point how the start of the 2025 Florida Condo Association Financial Cliff is impacting the City of Miami Beach market, which is defined as 87th Terrace south to South Pointe Drive on the barrier island, and the Atlantic Ocean west to Biscayne Bay and/or the Intracoastal Waterway.
In anticipation of this pivotal year for Florida condos following new laws implemented in the wake of the Surfside tragedy, we dug into the current listings and the final 2024 condo statistics to evaluate how the Miami Beach market is performing.
The metrics are not encouraging.
Report: https: //peterzalewski.substack.com/p/have-miami-beach-condo-sellers-begun
For this week’s Miami Condo Market Intelligence Report™ newsletter, we are examining the Greater Downtown Miami condo market at the halfway point of the 2024-25 South Florida Winter Buying Season that stretches from November through April.
It is unclear at this point how the start of the 2025 Florida Condo Association Financial Cliff is impacting the Greater Downtown Miami market, which is defined as the Julia Tuttle Causeway south to the Eddie Rickenbacker Causeway, and Biscayne Bay west to Interstate 95.
In anticipation of this pivotal year for Florida condos following new laws implemented in the wake of the Surfside tragedy, we dug into the current listings and the final 2024 condo statistics to evaluate how the Greater Downtown Miami market is performing.
The metrics are not encouraging.
Report:https://peterzalewski.substack.com/p/greater-downtown-miami-flooded-with
For this week’s Miami Condo Market Intelligence Report™ newsletter, we are sharing some of the information that we have collected about the Palm Beach condo market at the start of the 2025 Florida Condo Association Financial Cliff.
In anticipation of this pivotal year for Florida condos, we dug into the final 2024 condo statistics for each of the markets in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach.
For Palm Beach County, we discovered that the condo market - which was a sellers market in 2021, 2022 and less so in 2023 - is firmly in a buyers market, due, in large part, to the growing number of Vintage units - at least 30 years old - listed for resale.
Currently, Palm Beach County has about 10.1 months of condo supply - both Overall units as well as Vintage units - listed for resale at the start of the 2025 Condo Cliff.
Read the report: https://peterzalewski.substack.com/p/palm-beach-condo-market-flailing
In this episode of the Miami Condo Minute™ micropodcast, host Peter Zalewski - founder of the Miami Condo Investing Club™ - discusses the implosion of the Florida Legislature’s Special Session that was requested by Gov. Ron DeSantis (R) to deal with pressing issues, including providing relief for cash-strapped condo owners facing skyrocketing fees.
During the nearly six-minute podcast, Zalewski explains how things went sideways for condo owners who were hoping for a government bailout or deadline extension during the Special Session.
He also reflects on a prediction by State Rep. Mike Caruso (R-Delray Beach) who said that Florida is on the brink of seeing a surge in condo foreclosures beginning as soon as March.
Rep. Caruso highlighted that many elderly residents on fixed incomes are struggling with increased fees and special assessments, a situation exacerbated by laws enacted post-Surfside condo collapse.
Florida State Rep. Mike Caruso (R-Delray Beach) warns of the looming risks for condo owners after the Legislature's Special Session - to provide financial relief - imploded within minutes after starting on January 27, 2025.
Video courtesy of The Miami Herald.
For this week’s Miami Condo Market Intelligence Report™ newsletter, we offer some suggestions on how Gov. Ron DeSantis (R) and the Florida Legislature can use the free market to fix the state’s condo associations during next week’s Special Session.
Report: https://peterzalewski.substack.com/p/heres-how-florida-can-fix-condo-associations
For this week’s Miami Condo Market Intelligence Report™ newsletter, we are sharing some of the information that we have collected about the South Florida condo market at the start of the 2025 Florida Condo Association Financial Cliff.
Report: https://peterzalewski.substack.com/p/condo-sellers-flood-south-florida
For this week’s Miami Condo Market Intelligence Report™ newsletter, we are sharing some of the information that we have collected about the South Florida condo market at the start of the 2025 Florida Condo Association Financial Cliff.
Report: https://peterzalewski.substack.com/p/condo-sellers-flood-south-florida
For this week’s Miami Condo Market Intelligence Report™ newsletter, we are announcing our 2025 resolution to create a depository of reader-supplied Structural Integrity Reserve Studies (SIRS) for condo associations in Florida.
We asked Google's Notebook LM to analyze our latest piece entitled "Does Florida Need A Citizens 2.0 Insurance Option For Vintage Condo Buildings?" that was published Jan. 19, 2025.
The AI software produced a thought-provoking podcast that is about 18 minutes long between two voices that analyzes the future of insuring Florida’s Vintage condo buildings that are at least 30 years old.
Listen: https://peterzalewski.substack.com/p/what-does-ai-think-is-future-of-vintage
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