Published by Peter Zalewski
10/27/2024 
8:13:33 PM 
The cost of owning a condo in Florida can be expensive but it is even more costly for unit owners in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach due to exorbitant insurance premiums.
The latest rankings of the average insurance premiums charged to condo unit owners in Florida shows that Miami-Dade County ranks as the second most expensive at about $2,987 annually. (See chart below)
This average annual insurance premium works out to nearly $250 monthly plus any deductibles if – and when – a claim is filed for Miami-Dade County condo owners.
Miami Condo Inventory Report
This is a snapshot of the tricounty South Florida region Of Miami-Dade, Broward And Palm Beach.
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| South Florida | 25,314 | 11.4 |
| Miami-Dade County | 10,322 | 12.5 |
| Broward County | 9,049 | 11.5 |
| Palm Beach County | 6,083 | 10.1 |
Peter Zalewski is a former financial journalist, condo consultant, expert witness, licensed Florida real estate broker and the founder of the Miami Condo Investing Club™ (MiamiCondo.Club).
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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