Published by Peter Zalewski
8/1/2024 
10:18:20 PM 
Some three years after the Surfside condo collapse on the Miami-Dade County barrier island, Florida is hiring the “equivalent” of 65 fulltime regulators to “implement” the numerous changes made to the state’s condo law.
As part of the 2024 revisions to the Florida Condo Law, the state has allocated more than $7.4 million to jumpstart the initiative. The Division of Florida Condominiums, Timeshares and Mobile Homes will oversee the operation.
Besides the nearly $3.2 million budgeted for hiring the new regulators, the Division has also been directed to use some of the money to review its condo association application process, method for maintaining records and website functionality.
Condo Market Inventory Tracker
A Snapshot Of South Florida Vintage Condos
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| Condos | 15,388 | 8.2 |
| Luxury Condos | 985 | 9.1 |
| Shortsales | 19 | 12.1 |
| REOs | 98 | 5.8 |
| Rentals | 12,874 | 3.7 |
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.
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