Published by Peter Zalewski
10/13/2024 
3:31:22 AM 
This week’s Miami Condo Market Intelligence Report™ newsletter examines whether Florida condo association boards prioritize cosmetic details – such as lobby flower bouquets, hallway air fresheners and courteous but unqualified staff – over substantive issues related to mechanical, electric and plumbing (MEP) components.
Before discounting the notion that condo boards put aesthetics over safety, consider that the allegation comes from a veteran chief building engineer who has overseen the operations of condo towers, office buildings and retail centers in South Florida for more than 30 years.
Carlos Villanueva, principal of SeeWhyConsultingLLC.com in Miami, said many condo board members – who are all volunteers – usually have little to no experience running residential towers.
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.
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