Published by Peter Zalewski
12/13/2024 
3:28:33 AM 
In this episode of the Miami Condo Minute™ micropodcast, host Peter Zalewski – founder of the Miami Condo Investing Club™ – discusses CNBC’s reports today about Florida’s looming 2025 Condo Association Financial Cliff.
The network’s Senior Real Estate Correspondent Diana Olick examined what the changes in the Florida Condo Law could mean for condo associations, unit owners and prospective buyers.
Olick’s reporting also explored the financial impact of special assessments on Florida unit owners who live on a fixed income as well as strategies by developers to buy out vintage projects that are at least 30 years old.
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.
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