Published by Peter Zalewski
12/3/2024 
2:44:10 PM 
In the wake of the Surfside condo disaster, the Florida Legislature has taken a number of steps to ensure that nothing like this ever happens again.
The Florida condo industry is poised for a systemic change in 30 days as a result of what industry watchers are calling the 2025 Condo Association Financial Cliff.
In the wake of the Surfside condo collapse more than three years ago, the linchpin of Florida’s legislative measures – mandatory funding for ongoing maintenance and repairs to ensure the structural integrity of towers – are scheduled to take effect in January.
The practice of condo associations delaying crucial fixes and upkeep due to unit owner resistance will soon be a thing of the past.
It is against this backdrop that Miami expert speaker Peter Zalewski – who is a former journalist, a Wall Street consultant, an expert witness and a licensed real estate broker – is hosting a private seminar entitled “An Investor’s Guide To 2025 Florida Condo Association Financial Cliff” for investors and unit owners, alike.
Condo Market Inventory Tracker
A Snapshot Of Tricounty South Florida Region Of Miami-Dade, Broward And Palm Beach
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| Condos | 24,016 | 10.2 |
| Luxury Condos | 3,740 | 15.1 |
| Shortsales | 30 | 15.0 |
| REOs | 126 | 6.6 |
| Rentals | 21,476 | 3.9 |
Peter Zalewski is a licensed real estate broker and consultant focused on the South Florida condo market. Zalewski is a former special contributor to the Miami Herald and a former real estate columnist for The Real Deal magazine. Zalewski now hosts the Miami Real Estate Investing Podcast that is available in audio and video wherever you get your podcasts.
Confused about whether it is the appropriate time to buy or sell a condo in South Florida? The experts at CVR Realty are here to assist you in crafting a strategy during this uncertain time. Unlike many brokers offering services, our organization has been through the cycles and can assist you to capitalize on the situation.
For a free consultation, please contact the South Florida Condo Experts
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