condo bust

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Can Special Assessment Loans Rescue Cash-Strapped Condos In Florida?

  • Published by peter zalewski
  • 9/7/2024
  • 9:34:11 PM

In this latest issue of the Miami Condo Market Intelligence Report™, we examine how bank loans for special assessments and […]
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Are South Florida Condos On The Brink? Share Your Story On A Future Podcast

  • Published by dsadmin
  • 9/6/2024
  • 9:39:19 PM

We launched a new podcast series this week in which we interview decision-makers about the repercussions of Florida’s looming 2025 […]
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Should Florida Condo Associations Finance Special Assessments?

  • Published by peter zalewski
  • 9/6/2024
  • 8:15:03 PM

Lender Richard Alfonso of U.S. Century Bank explains how condo associations can finance special assessments and capital improvements in order […]
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Peter Zalewski Joins Miami Herald Panel To Discuss Miami-Dade’s Condo Crisis

  • Published by dsadmin
  • 9/3/2024
  • 4:49:23 PM

The 90-minute discussion entitled “Price Out Of Paradise” features Miami-Dade Mayor Daniella Levine Cava, Florida Rep. Vicki Lopez and FIU […]
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Miami Condo Fees, Buyer Commissions Focus Of September Monthly Meeting

  • Published by Editorial Staff
  • 9/3/2024
  • 3:11:13 PM

The 75-minute meeting on Wednesday, Sept. 11, 2024, will feature condo expert Peter Zalewski of CondoVultures.com. It has been less […]
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Miami Condo Fees Among Highest In North America Even Before Florida’s 2025 Deadline

  • Published by peter zalewski
  • 8/30/2024
  • 2:10:39 AM

In this latest issue of the Miami Condo Market Intelligence Report™, we examine a new 40-page report that analyzes condo […]
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Miami Highrise Condo Owners Spend 34% Less On ‘Operations’ Than NYC Peers

  • Published by peter zalewski
  • 8/29/2024
  • 10:09:21 PM

A new report from the property management firm FirstService Residential provides a “benchmark” for operating expenses in highrise condo towers […]
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Miami Highrise Condo Owners Contribute Less To Reserves Than Tampa, LA, Toronto Peers

  • Published by peter zalewski
  • 8/29/2024
  • 7:28:40 PM

A new report from the property management firm FirstService Residential provides a “benchmark” for reserves in highrise condo towers in […]
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Miami Highrise Condo Owners Outspend Tampa, NYC, LA, Toronto Peers On Insurance

  • Published by peter zalewski
  • 8/29/2024
  • 6:48:11 PM

A new report from the property management firm FirstService Residential provides a “benchmark” for insurance expenses in highrise condo towers […]
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Meetup To Talk Condos And Network In A Relaxed Environment

  • Published by Editorial Staff
  • 8/28/2024
  • 9:14:44 PM

The Miami Condo Market Investing Club™ is hosting its second Meetup event at 5.30 pm Thursday, Sept. 5, at a […]
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Is Your Miami Condo Association Secretly Overcharging You?

  • Published by peter zalewski
  • 8/28/2024
  • 9:00:06 PM

A new report from the property management firm FirstService Residential provides a “benchmark” maintenance fee for highrise condo towers in […]
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A Buyer’s Guide To Understanding Broker Commissions After Realtors® Settlement

  • Published by peter zalewski
  • 8/24/2024
  • 7:58:04 PM

Following the National Association of Realtors® $418 million settlement to resolve “antitrust claims,” the NAR has revised its policies to […]
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Will Miami Condo Buyers Have To Pay Retainer Fees To Work With Brokers?

  • Published by peter zalewski
  • 8/24/2024
  • 6:24:11 PM

Following the National Association of Realtors® $418 million settlement to resolve “antitrust claims,” the NAR has revised its policies to […]
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Is A Commission Agreement Now Required To ‘Tour’ A Miami Condo Listing?

  • Published by peter zalewski
  • 8/23/2024
  • 12:34:36 AM

Following the National Association of Realtors® $418 million settlement to resolve “antitrust claims,” buyers working with NAR members are required […]
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Do Miami Condo Buyers Now Have To Pay Broker Commissions?

  • Published by peter zalewski
  • 8/21/2024
  • 8:29:27 PM

Florida Realtors® association General Counsel Juana Watkins recorded a video message explaining the repercussions of the newly implemented National Association […]
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Age Factor: Charting South Florida’s Condo Resale Trends Based On Year Built

  • Published by peter zalewski
  • 8/17/2024
  • 10:49:15 PM

These four comprehensive charts examine the South Florida condo market based on the year built. The charts are a supplement […]
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‘Year Built’ Emerges As Key Driver In South Florida Condo Resale Trends

  • Published by peter zalewski
  • 8/17/2024
  • 10:43:46 PM

In this latest issue of the Miami Condo Market Intelligence Report™, we examine the growing importance of the year a […]
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Miami Condo Market Investing Club™ To Host 2nd Meetup Event On Sept. 5

  • Published by Editorial Staff
  • 8/17/2024
  • 10:39:29 PM

The Club’s second Meetup event is scheduled for Thursday night, Sept. 5, from 5.30 pm to 8.30 pm just west […]
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Condo Expert Peter Zalewski Appears On Miami Community News Real Estate Show

  • Published by Editorial Staff
  • 8/17/2024
  • 5:41:23 PM

The weekly ‘Miami Hal Real Estate Show’ with host Hal Feldman featured Peter Zalewski for a discussion about Florida’s 2025 […]
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Watch: Expert Peter Zalewski Discusses Miami’s Vintage Condo Market Before 2025 SIRS Deadline

  • Published by Editorial Staff
  • 8/17/2024
  • 2:48:07 PM

This is a 10-minute clip from the beginning of the August 2024 Monthly Meeting. To watch the entire video, you […]
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South Florida Vintage Condo Market Plagued By Oversupply Of Resale Listings

  • Published by peter zalewski
  • 8/10/2024
  • 7:00:47 PM

A review of the South Florida condo statistics shows that nearly 15,400 vintage condo units are listed for resale at […]
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What Is A Vintage Condo In Florida? Is It Different From A Milestone Condo?

  • Published by peter zalewski
  • 8/8/2024
  • 3:35:25 PM

Following the Surfside condo collapse, Florida condos now fall – based on our designation for statistical purposes – under three […]
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Florida Condo Board Corruption, Unit Owner Rights Focus Of Aug. 14 Meeting

  • Published by Editorial Staff
  • 8/6/2024
  • 7:57:25 PM

The 75-minute meeting on Wednesday, August 14, 2024, will feature condo expert Peter Zalewski of CondoVultures.com. The fourth Monthly Meeting […]
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Florida To Hire 65 New Regulators To ‘Implement’ Changes To Condo Law

  • Published by peter zalewski
  • 8/1/2024
  • 10:18:20 PM

In the aftermath of the Surfside condo collapse, the Florida Legislature has made a number of changes to the state’s […]
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Florida Condo Living Is About To Get Safer But Can Anyone Afford It?

  • Published by peter zalewski
  • 7/31/2024
  • 10:01:05 PM

In the aftermath of the Surfside condo collapse, the Florida Legislature has made a number of changes to the state’s […]
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Bribery, Intimidation, Vote Rigging Now Outlawed At Florida Condo Associations

  • Published by peter zalewski
  • 7/30/2024
  • 11:22:44 PM

In the aftermath of the Surfside condo collapse, the Florida Legislature has made a number of changes to the state’s […]
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Florida Condos Barred From Suing Unit Owners Who Criticize Board Decisions

  • Published by peter zalewski
  • 7/30/2024
  • 9:18:25 PM

In the aftermath of the Surfside condo collapse, the Florida Legislature has made a number of changes to the state’s […]
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SIRS: The Acronym Every Condo Buyer, Owner Needs To Know In Florida

  • Published by peter zalewski
  • 7/26/2024
  • 3:11:40 AM

Following the Surfside condo collapse, the Structural Integrity Reserve Study (SIRS) is poised to dominate all Florida condo association discussions […]
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Florida Condo Boards Must Now Hold Open Meetings, Take Questions From Owners

  • Published by peter zalewski
  • 7/21/2024
  • 12:02:57 AM

In the aftermath of the Surfside condo collapse, the Florida Legislature has made a number of changes to the state’s […]
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Florida Wants Property Managers To Disclose ‘Conflicts Of Interest’ To Condo Association Boards

  • Published by peter zalewski
  • 7/18/2024
  • 9:54:18 PM

In the aftermath of the Surfside condo collapse, the Florida Legislature has made a number of changes to the state’s […]
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Florida’s 2025 Condo Association Financial Cliff Discussed At Miami Condo Investing Club™ Monthly Meeting

  • Published by peter zalewski
  • 7/12/2024
  • 12:48:15 AM

(VIDEO) Watch the first 10 minutes of the Club’s Monthly Meeting for July 2024 that was hosted by Miami condo […]
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Have You Read Florida’s Condo Law Revisions? Our Video Narrates It

  • Published by peter zalewski
  • 7/12/2024
  • 12:33:50 AM

This is the first part of a four-part video series where an AI-generated voice narrates the revisions made during the […]
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Florida Rep. Vicki Lopez: Don’t Buy A Miami Condo Until 2026

  • Published by peter zalewski
  • 7/1/2024
  • 11:20:09 PM

Florida Rep. Vicki Lopez (R – District 113) is advising buyers not to purchase a condo until there is more […]
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Sellers ‘Dumping’ Units Due To Florida’s 2025 Condo Association Financial Cliff

  • Published by peter zalewski
  • 7/1/2024
  • 11:13:05 PM

Florida Rep. Vicki Lopez (R – District 113) said an increasing number of condo owners are unloading their units at […]
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Nearly 70% Of Greater Downtown Miami Condo Associations Not Ready for 2025 Financial Cliff

  • Published by peter zalewski
  • 7/1/2024
  • 11:03:05 PM

Florida Rep. Vicki Lopez (R – District 113) estimates that 30 percent of the condo associations in her district are […]
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South Florida Has Nearly 13,000 Condo Associations In Tricounty Region

  • Published by peter zalewski
  • 6/26/2024
  • 3:29:32 PM

This is a breakdown of the nearly 610,000 condo units located in the tricounty South Florida region of Miami-Dade, Broward […]
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Palm Beach County Condo Sales Drop 10% In Winter Buying Season To Great Recession Levels

  • Published by peter zalewski
  • 6/17/2024
  • 10:44:35 PM

A review of the Palm Beach County condo statistics shows less than 3,900 units traded between November 2023 and April […]
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Broward Leasing Activity Jumps 14% As Rents Stall In Winter Buying Season

  • Published by peter zalewski
  • 6/10/2024
  • 5:06:59 PM

​A review of the Broward County statistics shows the median monthly rental rate per square foot was about $2.18 in […]
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Broward REO Condo Prices Fall To $198 PSF Average In Winter Buying Season

  • Published by peter zalewski
  • 6/10/2024
  • 5:03:21 PM

​A review of the lender-owned condo sales shows that less than 60 REO condos transacted between November 2023 and April […]
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Broward Condo Sales Drop 12% In Winter Buying Season To Great Recession Levels

  • Published by peter zalewski
  • 6/10/2024
  • 5:02:47 PM

​A review of the Broward County condo statistics shows less than 4,950 units traded between November 2023 and April 2024. […]
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Broward Luxury Condo Sales Down 2%, Prices Up 3% In Winter Buying Season

  • Published by peter zalewski
  • 6/10/2024
  • 5:00:22 PM

​A review of the luxury condo sales statistics shows the average transaction price was $1.97 million between November 2023 and […]
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Veteran Business Journalist Mike Seemuth Joins Miami Reporters Roundtable Podcast (S5, E11)

  • Published by Editorial Staff
  • 6/7/2024
  • 6:57:45 PM

The objective of the podcast is to cut through the promotional hype of South Florida real estate, in hopes, of […]
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Miami-Dade Luxury Condo Sales, Prices Flat In 2023-24 Winter Buying Season

  • Published by peter zalewski
  • 5/30/2024
  • 10:14:04 PM

A review of the latest luxury condo sales statistics shows transactions increased 2% and unit prices rose 0.3% between November […]
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Miami-Dade Condo Sales Tumble 13% In 2023-24 Winter Buying Season

  • Published by peter zalewski
  • 5/30/2024
  • 9:26:00 PM

A review of the Miami-Dade County condo statistics shows less than 5,000 units traded between November 2023 and April 2024. […]
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Distressed Condo Prices Fall 4% To $234 PSF Average During South Florida Winter Buying Season

  • Published by peter zalewski
  • 5/24/2024
  • 5:56:54 PM

A review of the lender-owned condo sales shows that less than 130 REO condos transacted between November 2023 and April […]
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Leasing Activity Jumps 15% During 2023-24 South Florida Winter Buying Season

  • Published by dsadmin
  • 5/24/2024
  • 3:54:35 PM

A review of the South Florida rental statistics shows nearly 33,100 residential units were leased during the Winter Buying Season […]
Aventurabal harbour - surfside - bay harbor islandsbrowardCoconut Grovecondocondo boomcondo bustcondo buyoutcondo correctioncondo crashCoral Gablesdelray beach - boynton beachdowntown boca raton and beachdowntown fort lauderdale and beachdowntown west palm beach and islandgreater downtown miamihollywood - hallandale beachluxury condoMiami Beachmiami little havanamiami upper east sidemiami-dadeNorth Bay VillageNorth Miamipalm beachPompano BeachSunny Isles Beachultra luxury condo

Luxury Condo Sales Rebound 6% In 2023-24 South Florida Winter Buying Season

  • Published by peter zalewski
  • 5/24/2024
  • 1:13:16 PM

A review of the South Florida condo sales statistics shows nearly 1,445 units traded between November 2023 and April 2024 […]
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Journalist Alexandra Clough Of Palm Beach Post Joins Miami Reporters Roundtable Podcast (S5, E10)

  • Published by Editorial Staff
  • 5/24/2024
  • 12:23:41 AM

The objective of the podcast is to cut through the promotional hype of South Florida real estate, in hopes, of […]
AventuraBal HarbourBay Harbor IslandsBoynton BeachCoconut Grovecondo boomcondo bustcondo correctionCoral Gablesdelray beachdowntown boca raton and beachdowntown fort lauderdale and beachdowntown west palm beach and islandgreat recessiongreater downtown miamiHallandale BeachHollywoodlehman brothersMiami Beachmiami little havanamiami upper east sideNorth Bay VillageNorth MiamiPompano Beachsouth beach condosouth florida condostock market crashSunny Isles BeachSurfside

South Florida Winter Condo Sales Drop To Level Not Seen Since Great Recession

  • Published by peter zalewski
  • 5/21/2024
  • 12:36:01 PM

A review of the South Florida condo statistics shows about 13,733 units traded between November 2023 and April 2024. This […]
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Condos, Commissions And A Cliff Are Focus Of Club’s 1st Monthly Meeting

  • Published by peter zalewski
  • 5/6/2024
  • 9:17:59 PM

Expert Peter Zalewski will host the first virtual Monthly Meeting of the Miami Condo Market Investing Club™ at noon on […]
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Downtown West Palm Beach And Island Market Faces 8-Month Supply Of Condos

  • Published by peter zalewski
  • 5/5/2024
  • 10:05:55 PM

A review of the latest condo statistics shows the average asking price in the Downtown West Palm Beach And The […]
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Landlords Ask $3,900 Monthly For Rentals In Downtown West Palm Beach And Island Market

  • Published by peter zalewski
  • 5/5/2024
  • 9:46:09 PM

A review of the latest rental statistics shows the median asking price in the Downtown West Palm Beach And Island […]
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Lenders Sold 10 Condos At $218 PSF Average In Delray Beach – Boynton Beach

  • Published by peter zalewski
  • 5/2/2024
  • 11:43:59 PM

Lenders are currently trying to sell only one real estate owned (REO) unit in the Delray Beach – Boynton Beach […]
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11-Month Supply Of Luxury Condos For Resale In Delray Beach – Boynton Beach

  • Published by peter zalewski
  • 4/29/2024
  • 11:22:41 PM

A review of the latest luxury condo statistics shows the average asking price in the Delray Beach – Boynton Beach […]
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Delray Beach – Boynton Beach Rental Market In Transition At End Of Winter Season

  • Published by peter zalewski
  • 4/29/2024
  • 6:44:31 PM

A review of the latest rental statistics shows the median asking price in the Delray Beach – Boynton Beach market […]
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More Than 8-Month Supply Of Condo Resales Listed In Delray Beach – Boynton Beach Market

  • Published by peter zalewski
  • 4/29/2024
  • 5:58:21 PM

A review of the latest condo statistics shows the average asking price in the Delray Beach – Boynton Beach market […]
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Boca Raton Luxury Condo Supply Grows To 15 Months At End Of Winter Season

  • Published by peter zalewski
  • 4/22/2024
  • 7:27:18 PM

A review of the latest luxury condo statistics shows the average asking price in the Boca Raton market is about […]
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Boca Raton Condo Market Confronted With Nearly 8-Month Supply Of Resales

  • Published by peter zalewski
  • 4/22/2024
  • 6:53:42 PM

A review of the latest condo statistics shows the average asking price in the Boca Raton market is about $806 […]
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Bank-Owned Condos Listed At Average Price Of $265 PSF In Pompano Beach

  • Published by peter zalewski
  • 4/17/2024
  • 9:01:58 PM

Lenders are currently trying to unload two real estate owned (REO) units in the Pompano Beach market in Northeast Broward […]
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Pompano Beach Condos Move Into A Buyers Market At End Of Winter Buying Season

  • Published by peter zalewski
  • 4/15/2024
  • 9:58:33 PM

A review of the latest condo statistics shows the average asking price in the Pompano Beach market is about $522 […]
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Nearly 16-Month Supply Of Luxury Condos Listed In Pompano Beach

  • Published by peter zalewski
  • 4/15/2024
  • 9:53:18 PM

A review of the latest luxury condo statistics shows the average asking price in the Pompano Beach market is about […]
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Pompano Beach Rental Market At Inflection Point With 6 Months Of Supply

  • Published by peter zalewski
  • 4/15/2024
  • 9:47:58 PM

A review of the latest rental statistics shows the median asking price in the Pompano Beach market is about $2.87 […]
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Former Journalist Eric Kalis Talks South Florida Real Estate On Miami Reporters Roundtable Podcast

  • Published by peter zalewski
  • 4/11/2024
  • 10:39:53 PM

The objective of the podcast is to cut through the promotional hype of South Florida real estate, in hopes, of […]
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Lender-Owned Condos Listed For $267 PSF In Downtown Fort Lauderdale and Beach

  • Published by peter zalewski
  • 4/11/2024
  • 7:02:03 PM

Lenders are trying to unload four real estate owned (REO) units in the Downtown Fort Lauderdale and Beach market in […]
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14-Month Supply Of Luxury Condos Listed In Downtown Fort Lauderdale And Beach

  • Published by peter zalewski
  • 4/10/2024
  • 9:08:14 PM

A review of the latest luxury condo statistics shows the average asking price in the Downtown Fort Lauderdale and Beach […]
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Hollywood – Hallandale Luxury Condo Market Has 18 Months Of Resale Supply

  • Published by peter zalewski
  • 4/1/2024
  • 7:56:28 PM

A review of the latest luxury condo statistics shows the average asking price in the Hollywood – Hallandale Beach market […]
buyers marketcondocondo associationcondo boomcondo bustcondo correctionHallandale BeachHollywoodhollywood - hallandale beachhollywood beachluxury condo

Nearly 12 Months Of Condo Resale Supply Listed In Hollywood – Hallandale Beach Market

  • Published by peter zalewski
  • 4/1/2024
  • 7:21:05 PM

A review of the latest condo statistics shows the average asking price in the Hollywood – Hallandale Beach market is […]
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Coral Gables Condo Market Has 6 Months Of Resale Supply Listed

  • Published by peter zalewski
  • 3/28/2024
  • 12:09:46 PM

A review of the latest condo statistics shows the average asking price in Coral Gables is about $718 per square […]
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Nearly 10 Months Of Condo Resale Supply Listed In Miami’s Coconut Grove

  • Published by peter zalewski
  • 3/28/2024
  • 12:03:35 PM

A review of the latest condo statistics shows the average asking price in Miami’s Coconut Grove is about $1,200 per […]
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Miami Reporters Roundtable Podcast Features Veteran Journalist Donna Huffaker Evans

  • Published by Editorial Staff
  • 3/22/2024
  • 11:16:10 PM

The objective of the podcast is to cut through the promotional hype of South Florida real estate, in hopes, of […]
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Aventura Condo Market Struggles With 11 Months Of Resale Supply Available

  • Published by peter zalewski
  • 3/18/2024
  • 8:25:01 PM

A review of 2023 condo statistics shows the Aventura market has nearly 1,100 units for resale during South Florida’s Winter […]
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Trump-Named Condos Represent 11% Of Resale Listings In Sunny Isles Beach

  • Published by peter zalewski
  • 3/16/2024
  • 6:51:52 PM

A review of the statistics shows that oceanfront condos named after former President Donald Trump account for a sizable chunk […]
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Which Sunny Isles Beach Condo Projects Have The Most Units Listed For Resale?

  • Published by peter zalewski
  • 3/15/2024
  • 10:13:22 PM

A review of the statistics identifies the condo projects that have the greatest number of units on the market during […]
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Top 10 Ranking Of Sunny Isles Beach’s Most Popular Condo Projects

  • Published by peter zalewski
  • 3/15/2024
  • 3:02:33 PM

A review of the statistics identifies the condo projects that experienced the greatest number of unit resales in 2023. Join […]
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Bal Harbour-Surfside-Bay Harbor Islands Area Has 14 Months Of Condo Resale Supply

  • Published by peter zalewski
  • 3/4/2024
  • 7:04:12 PM

A review of 2023 condo statistics shows the Bal Harbour – Surfside – Bay Harbor Islands market has more than […]
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Nearly 43% Of Miami Beach Condo Resales Traded Below $500 PSF In 2023

  • Published by peter zalewski
  • 2/22/2024
  • 12:45:01 AM

​A review of the condo statistics shows that the average price per square foot for a Miami Beach unit was […]
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Miami Beach’s Top 10 Most Expensive Condo Resales

  • Published by peter zalewski
  • 2/21/2024
  • 2:58:08 PM

A review of condo statistics identifies the units that traded at the highest price per square foot in 2023. Industry […]

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A Snapshot Of South Florida Vintage Condos

Databases Totals
Condos 15,388
Luxury Condos 985
Shortsales 19
REOs 98
Rentals 12,874

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Peter Zalewski

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.

South Florida’s Condo Experts

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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