Published by Peter Zalewski
3/5/2024 
3:27:22 PM 
The Bal Harbour – Surfside – Bay Harbor Islands area is moving into a renters market with nearly seven months of supply currently available for lease during the South Florida Winter Buying Season, according to an analysis of statistics compiled by CondoVulturesRealty.com.
In the 12 months of 2023, renters leased an average of about 41 units per month for a total of about 495 units between January and December.
Based on the current active listings in the Multiple Listing Service – a database used by Realtors to market condos and rentals – the Bal Harbour – Surfside – Bay Harbor Islands area is in a renters market with a supply of about 282 units available for rent. This represents about 6.8 months of supply.
We have crunched the statistics for the Year 2023 and will be publishing a series of reports during the next weeks on CondoVultures.com looking at the winners and losers in the northern portion of the barrier island in Miami-Dade County.
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
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This information is believed to be accurate and complete but cannot be guaranteed or warranted. For more information, please call 305.865.5859 or visit CondoVulturesRealty.com
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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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