Published by Peter Zalewski
2/15/2024 
7:11:08 PM 
We have crunched the statistics for the Year 2023 and plan on publishing a series of of reports during the next three weeks looking at the winners and losers in Miami Beach. If you want the reports emailed to you, just sign up for the Miami Condo Market Intelligence Report With Peter Zalewski™ newsletter at: PeterZalewski.substack.com
Miami Beach’s distressed condo market – shortsales and Real Estate Owned (REO) by lenders – is nothing like it was during the Great Recession years but the deals that are available or recently traded are notable for where the units are located.
Currently, the REO condos listed for sale in Miami Beach include units in the Setai Resort & Residences, Waverly at South Beach and Decoplage waterfront projects, according to the Southeast Florida MLX Matrix.
In 2023, discount buyers picked off 12 units in some well-known buildings including South Pointe Towers in the ritzy South of Fifth neighborhood, the Mondrian South Beach condo-hotel project fronting Biscayne Bay in the South Beach area and the oceanfront La Gorge Palace tower in the North Beach neighborhood, according to an analysis based on statistics from CondoVulturesRealty.com.
This information is believed to be accurate and complete but cannot be guaranteed or warranted.
To stay apprised of the latest condo news, please follow us on social media at @CondoVultures, visit our website at CondoVultures.com and/or sign up for the Miami Condo Market Intelligence Report With Peter Zalewski™ newsletter
For more information, please call 305.865.5859 or visit CondoVulturesRealty.com
Copyright © 2024 Condo Vultures®, LLC. All Rights Reserved.
Condo Market Inventory Tracker
A Snapshot Of Coconut Grove
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| Condos | 19 | 9.5 |
| Luxury Condos | 16 | 10.1 |
| Shortsales | 0 | 0.0 |
| REOs | 0 | 0.0 |
| Rentals | 14 | 2.6 |
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
or Visit
Directions